OVERVIEW

The course covers, from both a theoretical and practical perspective, the topics of financial accounting and financial statement preparation.

AIMS AND CONTENT

LEARNING OUTCOMES

The course focuses on the theory and practice of financial accounting, with particular regard to double-entry book-keeping and financial statement preparation.

AIMS AND LEARNING OUTCOMES

Aims

Thecourse aims to provide the theoretical basis for the accounting of business operations and the preparation of the annual report according to the Italian Civil Code, as amended by Legislative Decree 139/2015. To this end, it builds on the concepts covered in the Economia Aziendale course and initially explains the accounting method and the logic of double-entry book-keeping applied to the income and capital system.

Learning outcomes (Dublin descriptors):

1. Knowledge and understanding: At the end of lectures and practical exercises, the student will be able to describe the rules of the Italian Civil Code and the related application issues concerning financial accounting and financial statement preparation, with reference to the main ordinary operations.

2. Applying knowledge and understanding: At the end of practical exercises, the student will be able to apply the acquired knowledge to prepare the annual report and solve the main accounting issues, using national accounting standards.

3. Making judgements: After case studies and class discussions, the student will be able to assess the relevance of accounting information to determine the main financial figures.

4. Communication skills: During presentations and class discussions, the student will be able to use the technical language of the discipline to communicate clearly with both specialists and non-specialists.

5. Learning skills: At the end of the course, the student will be able to independently update their accounting knowledge by consulting regulatory sources and scientific literature.

PREREQUISITES

The course is based on many concepts introduced in the Economia Aziendale course, which must be passed before taking the Ragioneria Generale exam. Other relevant concepts for this course regard the courses of Diritto Privato with regard to the main contracts and of Diritto Commerciale with regard to companies.

TEACHING METHODS

Lessons, self-assessment tests, exercises, business cases, seminars with professionals. Attendance is recommended (not compulsory).

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 the Department’s disability liaison (see website).

SYLLABUS/CONTENT

1. Financial accounting, double-entry book-keeping

2. Value Added Tax

3. Purchasing

4. Sales

5. Services

6. Personnel 

7. Investments

8. Equity

9. Debt 

10. Foreign currency operations

11. Financial instruments

12. Annual report: presentation

13. Annual report: principles

14. Annual report: interpretation

15. Introduction to consolidated financial statements and international accounting standards (IAS-IFRS)

RECOMMENDED READING/BIBLIOGRAPHY

- Quagli A., “Bilancio di esercizio e principi contabili”, XI ed., 2023, Giappichelli

- Marchi L., Marasca S.  (a cura di), “Contabilità d’impresa e valori di bilancio”, VII ed., 2022, Giappichelli

- Other materials available on the Aulaweb.

See the Aulaweb page to see the analytical program.

TEACHERS AND EXAM BOARD

LESSONS

LESSONS START

Lessons take place in the second semester. For further information, visit thttps://economia.unige.it/calendario-didattico

Class schedule

The timetable for this course is available here: Portale EasyAcademy

EXAMS

EXAM DESCRIPTION

The exam consists in a written test (compulsory) and an oral assessment (not compulsory).

The oral assessment can be chosen only by students passing the written test.

ASSESSMENT METHODS

The exam consists in a written test (compulsory) and an oral assessment (not compulsory). Both assessments regard the entire syllabus.

The written test includes:

• a first part (preliminary test): 10 multiple-choice questions;
• a second part: book-keeping, financial statement preparation and two open-ended questions.

To pass the written test, students must pass the preliminary test (min 6 correct answers out of 10).

Students passing the written test can decide to take also the oral assessment during the same exam session.

FURTHER INFORMATION

For both attending and non-attending students, the syllabus, exam methods and assessment methods are the same.