Bachelor Program in Business and Management

Intermediate Financial Accounting - Stream B

Intermediate Financial Accounting - Stream B

Academic year 2021/2022

Sommario del corso

• Course objectives
• Results of learning outcomes
• Course delivery
• Learning assessment methods
• Support activities
• Program
• Suggested textbooks and readings
• Notes
• Teaching tools

Course objectives

This course aims at developing advanced skills required to interpret, analyze and assess financial information presented Financial Statements, prepared according to EU rules.

Results of learning outcomes

) Knowledge and understanding: improvement of knowledge about financial statements and development of basic knowledge about its analysis will be reached by the student. In addition, students will be able to understand and gain knowledge about the regulatory and professional requirements related to the preparation and presentation of the Financial Statements.

2) Applying knowledge and understanding: students will be able to analyse and interpret the financial statements.

3) Making judgements: the student will be able to evaluate the main variables concerning preparation of financial statements and its analysis. Students will be able to gain consistent knowledge in order to identify key influencing factors in assessing companies' financial performance.

4) Communication skills: ability to handle and communicate useful information related to the preparation of Financial Statements.

5) Learning skills: the student will develop autonomous and yet not standardised learning skills, focused to critically and constructively approach managerial issues in a quantitative way. Successful learning will be linked to a deep understanding of companies' structure and strong knowledge according to the regulatory and professional requirements needed in the preparation and presentation of the Financial Statements.

Course delivery

The course is articulated in 42 hours of formal in-class lecture time, and in at least as many hours of at-home work solving practical exercises.

Learning assessment methods

The exam consists in: 

- a written exam with open questions and exercises based on accounting principles, on financial analysis and on financial interpretation;

- weekly quizes valuning 10% of the total mark. 

The final mark is the sum of the mark achieved in the written test and the quizes.

Support activities

Homework sets will be assigned, and their solutions will be discussed in class and published on Moodle.

Program

Contents

This course presents main issues related to the preparation and the analysis of general purposes financial statements. 
Course outline: 

A) Objectives of general purposes financial statement:

Users of financial statement 

The elements of financial statement 

Recognition of the elements of financial statement 

B) Measurement of the elements of financial statement 

Intangible assets 

Properties, plants and equipments 

Financial assets 

Inventories 

Receivables 

Provisions 

C) Tools and sources for financial statement analysis: 

Ratio analysis of financial statement: capital structure and solvency; asset composition; capital composition 

Capital structure measure for solvency analysis: short-term liquidity (working capital analysis; liquidity ratio; quick ratio);

Profitability analysis (Return on sales; Return on invested capital; Return on equity);

D) Cash-flow analysis

Cisi. M., Giacosa E., Financial Statements Analysis - Theory and cases. CELID, Torino, 2016

Scagenelli S., Gromis di Trana M., Venuti F., Introduction to Financial Accounting, Giappichelli Editore, Torino, 2018. 

Note

• Teaching materials
• Exams and finals
• Go to Moodle
• Visit the forums