Kieso, Weygandt, Warfield, Intermediate accounting Vol. I – Ifrs Edition ...
Weygandt, Kimmel, Kieso, Financial accounting – Ifrs Edition (Wiley, 2nd edition,
2012).
Università degli studi di Roma “Tor Vergata” Master of Science in Business Administration Master of Science in Economics ______________________________________________________________________ FINANCIAL REPORTING Dr Sandro Brunelli
TEACHING STAFF RESPONSIBLE FOR THE COURSE: Dr. Sandro Brunelli
[email protected] Availability: Friday 11.30 a.m. – 1 p.m. Dr. Bassam Baroma
[email protected] Availability: Thursday 2 – 4 p.m. PRE-REQUISITES FOR THE COURSE: One university basic course in financial accounting or very close topics. LEARNING OBJECTIVES The objective of the course is to provide an understanding of financial accounting fundamentals for prospective consumers of corporate financial information, such as managers, shareholders, financial analysts, and creditors and in general any potential capital provider. The course focuses on understanding how economic events like corporate investments, financing transactions and operating activities are recorded in the three main financial statements (i.e., the income statement, statement of financial position, and statement of cash flows). The course will be based on the rules and provisions mainly made by the IASB (International Accounting Standards Board). Along the way, students will develop the technical skills needed to analyze corporate financial statements and disclosures for use in financial analysis, and to interpret how accounting standards and managerial incentives affect the financial reporting process. This course is recommended for students who want a more indepth overview of the financial accounting required for understanding firm performance and potential future risks through analysis of reported financial information, such as students intending to go into companies, security analysis and investment banking and so on. TEACHING METHODS Lectures, business cases, problem solving, interactive case discussion, reverse lectures. MAIN REFERENCES Kieso, Weygandt, Warfield, Intermediate accounting Vol. I – Ifrs Edition, (Wiley, 2011). (Chapter 1,2,3,4 and 5) Kieso, Weygandt, Warfield, Intermediate accounting Vol. II – Ifrs Edition, (Wiley, 2011). (Chapter 24) Robinson, van Greuning, Henry, Broihahn, International Financial Statement Analysis, (Wiley 2009) (Chapter 7)
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Università degli studi di Roma “Tor Vergata” Master of Science in Business Administration Master of Science in Economics ______________________________________________________________________ Other useful references are the following: Weygandt, Kimmel, Kieso, Financial accounting – Ifrs Edition (Wiley, 2nd edition, 2012) Nobes, Parker, Comparative International Accounting, Prentice Hall, 10edition, 2008 All Ias-ifrs currently issued by the IASB at the start-date of the course. Papers suggested by lectures during the course. CASE DISCUSSIONS Students will be engaged in a workgroup whose results will be presents at the end of the course in a public hearing context. The workgroup is aimed to develop skills in reading the financial statements and in making useful judges on the firm performance.
OTHER LEARNING SOURCES Slides and other materials uploaded on the course website. ATTENDANCE Because of the concentrated nature of the MSc programme, attendance in class is crucial. Students who miss more than 3 lectures (including arriving late or leaving early) will be required to prepare ALL the chapters of the textbook (intermediate accounting Vol. I) and other materials for the exam. NOTE: Attendance for the first class session is mandatory as important information regarding the course and the instructors' expectations are given. If you know in advance that you will be absent for one session, please contact your instructor to ensure that absence from a particular session is acceptable. PARTICULARS RULES FOR WORKERS AND ERASMUS STUDENTS Students that are able to certify these situations have, in order to well-performed the exam, to study in depth two more chapters chosen among chapters 10, 11, 12, 13 and 14 of the main textbook (intermediate accounting Vo. I). These chapters will be discussed with the instructor once you pass the written exam. Keep in mind that in any other cases all chapters of the main textbook will be required. EXAM The exam is made up of three parts: 1. written exam (weighing 60 %) 2. students are allowed to do an oral exam in case they want to increase the final score of the written part (generally held in the same day); 3. Groupwork project (weighing 40%);
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