Today the International Financial Reporting Standards (IAS/IFRS) issued by the IASB are the international language of financial reporting. Their knowledge is necessary for every administrative tasks in the current businesses.
The course aims at providing the framework for the preparation of financial statements according to the IFRS/IAS.
It is necessary a good knowledge of Financial Accounting (intermediate level)
Frontal lessons, class discussion, case analyses, individual tasks.
Students who have valid certification of physical or learning disabilities and who wish to discuss possible accommodations or other circumstances regarding lectures, coursework and exams, should speak both with the instructor and with Prof.ssa Elena Lagomarsino (elena.lagomarsino@unige.it), the Department’s disability liaison.
Lessons and basic materials are in Italian but foreign students could use for their preparation the following book:
Kieso,Donald E.
Intermediate accounting : IFRS edition / Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
ALBERTO QUAGLI (President)
FRANCESCO GIOVANNI AVALLONE
PAOLA RAMASSA
The course is in the first semester, and it will start according to the general teaching plan of the Department of Economics.
The first part is a written assessment including three or four accounting questions for their translations in double-entry records according to IFRS.
After the positive result of the first part, there is an oral exam aimed at demonstrating the ability of the student to interpret the IFRS applied to a single annual report of a public listed company.
The students' ablility to create links between the question of the real world to be tackled and the knowledge pf IFRS will be a distinctive point to assess the level of knowledge
Additional information for non-attending students There are no differences in the program, study material, and exam procedures between attending and non-attending students. Upon request of the non-attending student, additional or substitute materials may be recommended.
