Business Administration and Management

SALVATORE FERRI

The course is designed to provide a basic understanding about the preparation of financial statements in light of Italian law.

At the end of the course, student should demonstrate to be able to prepare financial statements according to law. Specifically, is requested the ability to understand the basic approach to the definition of income and equity, to record transactions, to measure assets and liabilities according to Italian rules, to prepare the documents that constitute financial statements.

The course aims to equip students with conceptual tools and operational techniques to understand accounting logic as well as to know the financial statements. Principles, postulates and mandatory documents of the financial statements will be analyzed and further explored. The course will be characterized by the search for a close connection between deepening the theoretical aspects and acquiring skills by the student, in understanding and resolving the issues discussed, through examples, cases and exercises.
The training objectives are listed below:
Knowledge and understanding
The aim of the course is to provide the student with a solid preparation for accounting principles and recording of management operations.
Applying knowledge and understanding
The student must be able to detect, at the accounting level, the various classes of business operations.
Making judgements
The student must be able to make a critical assessment of the company's economic and financial dynamics, through reading the Income Statement and Balance Sheet outlines. He/she has also to be able to judge the different impact on the financial statements values as a result of the adoption of national or international accounting standards.
Communication skills
The student must be able to illustrate theoretical foundations and accounting principles underlying the construction of the Income Statement and Balance Sheet. He/she must also argue the logical links between the same statements, using the required technical language.
Learning skills
At the end of the course, the student must have all the tools to continue autonomously, adopting a critical approach, studying the evolution of matter, both through continuous doctrinal and regulatory updates, and through contacts with the disciplinary bodies.

In-depth knowledge of Business Economics.

From general accounting to financial statements.
The evolution of the financial statements: objectives and structure of the document.
Civil law regulations and national accounting principles.
Budget postulates: general clauses and general drafting principles.
The particular principles of evaluation.
The financial statements: structure and content of the balance sheet, the income statement and the
financial statement. The supplementary note. The management report and the other annexes to the financial statements
for the year. The balance sheet in abbreviated form. The balance sheet of micro-enterprises. Considerations on the
instrumentality of capital valuation for the purpose of determining income. Analysis of
valuation criteria provided for by civil law and by national accounting principles. Relationships
between civil and fiscal legislation on the financial statements. Performance analysis:
reclassifications and balance sheet ratios.
The course content will be divided into several lesson blocks:
I block (10 hours):
The financial statements: general principles, reference standards and drafting rules.

Block II (18 hours):
The financial statements: content structure of the Balance Sheet, Income Statement and Statement
Financial.

III block (34 hours):
The valuations of the main assets. Examination of the reference accounting principles.

4th block (10 hours):
The budget dossier. Performance analysis: introductory notions.

Quagli A., Bilancio di esercizio e principi contabili. X Edizione, Giappichelli Editore, 2021.
Lecture notes by the teacher.
Fazzini M., Analisi di bilancio, Ipsoa, 2020, 1, 2, 3, 4, 5, 6, 7, 8.

Lectures, exercises, insights.

Not compulsory

Final exam. The assessment of the expected learning outcomes will take place at the end of the course through the
carrying out a written test and an oral interview on the topics covered by the program.

What are the methods for estimating the value of inventories?