Unit FINANCIAL ACCOUTING AND REPORTING
- Course
- Business administration
- Study-unit Code
- 20019909
- Location
- PERUGIA
- Curriculum
- Economico aziendale
- Teacher
- Simone Terzani
- Teachers
-
- Simone Terzani
- Hours
- 63 ore - Simone Terzani
- CFU
- 9
- Course Regulation
- Coorte 2024
- Offered
- 2025/26
- Learning activities
- Caratterizzante
- Area
- Discipline aziendali
- Sector
- SECS-P/07
- Type of study-unit
- Obbligatorio (Required)
- Type of learning activities
- Attività formativa monodisciplinare
- Language of instruction
- Italian
- Contents
- General accounting principles for preparing financial statements. The Balance sheet/Statement of Financial Position. Profit and Loss Acccount. Evaluation/assessment/measurement criteria. Additional/Supplementary Notes. Attachments to the Financial Statement. Bookkeeping. Determining income taxes.
- Reference texts
- R. Libby, P. Libby, F. Hodge, Financial Accounting, Ed. McGraw-Hill, last edition.
- Educational objectives
- Theoretical knowledge of the concepts and principles for preparing financial statements. Ability to prepare and read a financial statement.
- Prerequisites
- Course prerequisite: basic knowledge of business economics. Pass Business Economics
- Teaching methods
- Theoretical lessons and practical training Seminars
- Learning verification modality
- Assessment consists of a written test of 1,5 hours and is intended to measure the acquired theoretical knowledge of accounting principles and understanding of financial statements.The test contains two open questions (financial statements) one excercise (accounting) and a theoretical/practical test (financial statements)
- Extended program
- Financial Reporting.Changes in laws and regulations. Financial Statement preparation. Basic principles. Purpose and Users of Financial Statements. General Accounting Principles. Statement of Financial Position. The Structure of Financial Statements. The Elements of Financial Statements: Assets, Liabilities and Equity. Profit and Loss. Structure and Components: Revenues and Costs.Assessment Criteria. Evaluation/measurement of tangible, intangibile and financial fixed assets Investment in subsidiaries and associates. Inventory. Assessment of receivables.Notes to Financial Statements. Additional, Supplementary Information. Attachments to the Financial Statement. Auditor’s report.
Determining Income Taxes. Analysis of regulatory framework/current accounting standards. Tax debts and tax credits. Current and Deferred Tax.
Bookkeeping