Economics and Finance

PALMIRA PIEDEPALUMBO

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.

Ability to understand and apply accounting principles, financial statements, double-entry bookkeeping, and relevant tax regulations.
Ability to prepare accounting records, analyze financial documents, and interpret corporate economic data.
Ability to assess a company's financial health, solve accounting issues, and apply tailored financial calculation tools.

In-depth knowledge of business economics

Module I: The Financial Statements – General Principles, Reference Regulations, and Drafting Rules
1) From General Ledger to Financial Statements.
2) The Evolution of Financial Statements: Objectives and Structure of the Document.
3) Financial Statements Regulations: Civil Law Framework and National Accounting Standards.
4) Financial Statement Assumptions: General Clauses and Fundamental Drafting Principles.

Module II: Financial Statement Formats – Structure of the Main Documents
1) Balance Sheet;
2) Income Statement;
3) Cash Flow Statement;
4) Notes to the Financial Statements;
5) Management Report;
6) Condensed Financial Statements and Micro-Enterprise Financial Statements.

Module III: Valuation of Key Financial Statement Items According to National Accounting Standards
1) Introduction to Specific Valuation Criteria.
2) Valuation of Fixed Assets.
3) Valuation of Current Assets.
4) Valuation of Equity Items.
5) Valuation of Provisions for Risks and Charges.
6) Valuation of Liabilities.
7) Analysis of Main Income Statement Management Areas.

Module IV: Performance Analysis – Introductory Concepts
1) Definition of Performance.
2) Reclassification of the Balance Sheet and Income Statement.
3) Ratio and Margin Analysis.

The exam will consist of a written test, followed by an oral interview for candidates who pass the first stage.