Ifrs Standards and Consolidated Financial Statements
A.Y. 2024/2025
Learning objectives
The course aims to provide the knowledge necessary for the preparation and interpretation of the separated and consolidated financial statements under international accounting standards. In particular, the course intends to provide knowledge on the principles, methodologies and logics that drive the presentation of the separated and consolidated financial statements according to the International Accounting Standards (IAS) and the International Financial Reporting Standards (IFRS).
Expected learning outcomes
At the end of the course, the student will be able to:
- possess adequate knowledge and effective understanding of the rules governing the preparation of the separated and consolidated financial statements according to the international accounting standards (IAS/IFRS);
- apply the knowledge acquired to prepare the separated and consolidated financial statements according to the international accounting standards (IAS/IFRS);
- develop adequate learning skills to continue to independently explore the issues relating to the international accounting standards and the consolidated financial statements, in order to be able to respond to the needs of the working contexts in which they will operate.
- possess adequate knowledge and effective understanding of the rules governing the preparation of the separated and consolidated financial statements according to the international accounting standards (IAS/IFRS);
- apply the knowledge acquired to prepare the separated and consolidated financial statements according to the international accounting standards (IAS/IFRS);
- develop adequate learning skills to continue to independently explore the issues relating to the international accounting standards and the consolidated financial statements, in order to be able to respond to the needs of the working contexts in which they will operate.
Lesson period: Second semester
Assessment methods: Esame
Assessment result: voto verbalizzato in trentesimi
Single course
This course can be attended as a single course.
Course syllabus and organization
Single session
Responsible
Lesson period
Second semester
Course syllabus
The course presents content both on the IAS/IFRS international accounting standards and on the construction of the consolidated financial statements.
The topics covered are the following:
- notes on the double entry method and the construction of the Balance Sheet and the Income Statement;
- the provisions contained in the Conceptual Framework for Financial Reporting;
- the composition and presentation of the financial statements according to the IAS/IFRS;
- the analysis of the international accounting standards dedicated to the main items of an IAS/IFRS financial statement;
- the notion of a group of companies as well as the role played by the consolidated financial statements as a tool for appreciating the economic viability of the group;
- the main consolidation theories;
- the definition of the consolidation area;
- the consolidation adjustments with reference to the first financial year;
- the equity method for investments in associated companies and joint ventures;
- the construction and interpretation of the financial statement according to IAS/IFRS.
The topics covered are the following:
- notes on the double entry method and the construction of the Balance Sheet and the Income Statement;
- the provisions contained in the Conceptual Framework for Financial Reporting;
- the composition and presentation of the financial statements according to the IAS/IFRS;
- the analysis of the international accounting standards dedicated to the main items of an IAS/IFRS financial statement;
- the notion of a group of companies as well as the role played by the consolidated financial statements as a tool for appreciating the economic viability of the group;
- the main consolidation theories;
- the definition of the consolidation area;
- the consolidation adjustments with reference to the first financial year;
- the equity method for investments in associated companies and joint ventures;
- the construction and interpretation of the financial statement according to IAS/IFRS.
Prerequisites for admission
No particular pre-requisites are required, except for the knowledge of basic accounting concepts and tools.
Teaching methods
The course is made up of theoretical lessons, analysis of cases, and practical exercises.
Teaching Resources
· Di Lazzaro F., Fabi T., Tezzon M. (a cura di), Principi contabili internazionali: temi e applicazioni, Giappichelli, Torino, 2023. ISBN: 9791221101102, pp. 560.
· Mancini C., Prencipe A., Tettamanzi P. (a cura di), Bilancio consolidato (Quinta edizione), Egea, Milano, 2021, ISBN: 978882383228, pp. 339.
· Quagli A., Gli standard dello IASB nel sistema contabile italiano, Giappichelli, Torino, 2023. ISBN: 9791221102956, pp. 464.
Slides and other materials will be published on the course website.
· Mancini C., Prencipe A., Tettamanzi P. (a cura di), Bilancio consolidato (Quinta edizione), Egea, Milano, 2021, ISBN: 978882383228, pp. 339.
· Quagli A., Gli standard dello IASB nel sistema contabile italiano, Giappichelli, Torino, 2023. ISBN: 9791221102956, pp. 464.
Slides and other materials will be published on the course website.
Assessment methods and Criteria
The exam takes place in written form.
The final exam will be carried out in written form and will focus on the topics covered in class and covered in the textbooks.
The exam task is made up of closed-ended questions and open-ended questions (consisting, for example, of carrying out calculations and exercises).
The final exam will be carried out in written form and will focus on the topics covered in class and covered in the textbooks.
The exam task is made up of closed-ended questions and open-ended questions (consisting, for example, of carrying out calculations and exercises).
SECS-P/07 - BUSINESS ADMINISTRATION AND ACCOUNTING STUDIES - University credits: 9
Lessons: 63 hours
Professors:
Angeloni Silvia, D'Alessio Ida Maria
Shifts:
Professor(s)