The course aims to provide the students with the knowledge about financial statement’s aims and contents, how to prepare and how to use a financial statement.

In particular the course aims at promoting the following specific learning objectives:

-  to know and understand purposes and users of companies’ financial statements;

-  to know and understand financial statements’ contents;

-  to know and understand statutory regulations in force in Italy and the Italian accounting standards;

-  to know how to prepare a financial statement in accordance with Italian accounting standards;

-  to know techniques and tools needed to analyze and interpret companies’ financial statements;

-  to know how to calculate financial ratios;

-  to know anlyse companies’ financial statements and assess their economic and financial situation.

Part 1: Preparation of annual report in accordance with statutory regulations and Italian accounting standards

·  General clause

·  General principles (postulates) and valuation rules relating to specific balance sheet items

·  Income Statement and Balance Sheet

·  Notes to the accounts

·  Cash flow Statement

Part 2: Financial Statement Analysis

- Classification of Income Statement and Balance Sheet

- Financial ratios

Accounting and Business administration I

-  Knowledge and understanding: At the end of the course students should have acquired knowledge and understanding about purposes and importance of annual reports, general provisions and specific valuation rules, and techniques and tools to analyze and interpret companies’ annual reports. In particular students have to know Italian statutory regulation about preparation of annual reports and the national accounting standards.

-  Applying knowledge and understanding: Students should be able to appropriately and flexibly apply their knowledge in order to autonomously draw up an annual report and correctely interpret it.

-  Making judgements: Students should have the ability to integrate knowledge gained during the course and to handle complexity and formulate judgment independently about the preparations and the interpretation of an annual report. Students should also be able to autonomously evaluate company’s assets, liabilities, financial position and profit or loss.

-  Communication: Students should acquire clear and effective communication skills, thanks to a good command of the lexicon related to course topics.

Lifelong learning skills: Students should have good learning skills and be able to independently deepen knowledge gained during the course and acquire new knowledge, skills and abilities about the preparation and the interpretation of annual reports, through professional and job experiences. 

The teaching material prepared by the lecturer in addition to recommended textbooks (such as for instance slides, lecture notes, exercises, bibliography) and communications from the lecturer specific to the course can be found inside the Moodle platform › blended.uniurb.it

In addition to lectures, during the course the lecturer will conduct 15 hours of practical exercises and mock exams to enable students to assess in-progress their learning level of the course topics and prepare for the final exam. They will be scheduled at the beginning of the course.

Exercises will be made available on the platform Moodle › blended.uniurb.it.

Teaching

Teaching methods

Various teaching methods will be used during the course:

- Lectures;

- Seminars;

- Individual and group exercises.

Innovative teaching methods

Students will be actively involved in the "Impresa in Aula" (Enterprise in the Classroom) project, carried out in collaboration with the Università Politecnica delle Marche, the University of Macerata and the University of Camerino. The students, with teacher supervision, will work in groups to develop business ideas that will be presented and discussed in the classroom at the end of the course and in a joint meeting with participating student groups from other universities. 

Attendance

Attendance is not compulsory but highly reccomended.

Course books

Part 1°: Code law and accounting standards

- A. Quagli, Bilancio di esercizio e principi contabili, Giappichelli, 2021 (excluding Chapter 7; Par 8.8.5; 8.8.6; 8.8.7; 8.9; 8.11;  Par. 12.13; Chapter 13; Chapter 14))

2° parte: Financial statement analysis

G. Paolucci, Analisi di bilancio  e finanziaria. Logica, finalità e modalità applicative. Quinta edizione, FrancoAngeli, 2021 (excluding Chapter. 9).

Assessment

The written examination consists of 6 different tests:
- theoretical questions (open questions)
- closed questions (cross-checked questions)
- calculation of indexes and ratios
- reclassification of the balance sheet and profit and loss account
- evaluation of balance sheet items.

The written examination will be assessed on the basis of the following criteria:
- Mastery of the concepts covered during the course;
- Correctness in the application of the principles, schemes and formulae studied during the course for calculating indixes and ratios, evaluating balance sheet elements, compiling a financial statement and reclassifying a balance sheet and an income statement;
- Adequacy of the disciplinary language used (in open questions);
- Extent and depth of the answer (in open questions).

Based on these criteria each test will be evaluated on a 5-point scale. The final assessment is expressed in thirtieths and obtained by summing the scores given to each test. The time available for the written examination is 2 hours. 

Disability and Specific Learning Disorders (SLD)

Students who have registered their disability certification or SLD certification with the Inclusion and Right to Study Office can request to use conceptual maps (for keywords) during exams.

To this end, it is necessary to send the maps, two weeks before the exam date, to the course instructor, who will verify their compliance with the university guidelines and may request modifications.

Teaching

Individual study on textbooks and readings indicated by the teacher.

Attendance

For non-attending students, the same guidelines apply as for attending students.
 

Course books

For non-attending students, the same guidelines apply as for attending students.
 

Assessment

For non-attending students, the same guidelines apply as for attending students.
 

Disability and Specific Learning Disorders (SLD)

Students who have registered their disability certification or SLD certification with the Inclusion and Right to Study Office can request to use conceptual maps (for keywords) during exams.

To this end, it is necessary to send the maps, two weeks before the exam date, to the course instructor, who will verify their compliance with the university guidelines and may request modifications.