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International Accounting (codice 91890)

Curriculum: Global Economy and Business del corso di Global economy and business
Programmazione per l'A.A.: 2020/2021

Appelli d'esame: Calendario - Prenotazioni
Orari del corso di Global economy and business: apri


Crediti Formativi Universitari (CFU): 6,00
Settore Scientifico Disciplinare (SSD): SECS-P/07
Ambito disciplinare: Aziendale
Attività: Attività formative caratterizzanti (B)
Ore aula: 42

Canale unico
  • Docente: PALMACCIO MATTEO Scheda informativa del docente Palmaccio

Obiettivi:
Cognitive / Knowledge skills
• Understand the notions of accounting regulation developed in the international setting;
• Acquire an understanding of the underlying conceptual basis for the international accounting rules;
• Provide an overview discussion of the perspective and key issues associated with the topics covered;
• Be able to compare IFRS (International Financial Reporting Standards) and US GAAP (General Accepted Accounting Standards);
• Enable the reasoning by analogy that is so necessary in dealing with a complex, fast-changing world of commercial arrangements and structures using principles-based standards.
• Obtain an awareness of current developments in international accounting.

Analytical / Critical Thinking Skills (Oral & Written)
• Develop an understanding of how apply all current accounting principles promulgated by the IASB (International Accounting Standard Board);
• Become familiar with the technical languages and practices of accounting;
• Provide sufficient guidelines for entities that prepare their financial statements;
• Be able to building up a simplified Financial Statement of an entity;
• Acquire the ability to apply and to interpret the complexities of accounting rules and the financial statements of global businesses.

Programma:
Week 1
Introduction to the Course; Presentation of the Available materials; Clear Statement of Expected Mutual Requirements; Introduction to International Financial Reporting Standards; The current structure; The process of IFRS Standard Setting; Conceptual Framework for Financial Reporting; Hierarchy of Standards; Comparison with US GAAP.
Week 2
Revised IAS 1 - Presentation of Financial Statements; Perspective and Issues; Objective; Scope; Purpose of Financial Statements; Fair Presentation and Compliance with IFRS; Going Concern; Accrual Basis Accounting; Materiality and aggregation; Offsetting; Frequency of Reporting; Comparative information; Proposed format for Financial Statements; Introduction to the Statement of Financial Position.
Week 3
Revised IAS 1 - Statement of Financial Position; General concepts and definitions of terms; Classification of Assets; Classification of Liabilities; Classification of Shareholders’ Equity; Supplemental Disclosures; Examples and exercises.
Week 4
Revised IAS 1 - Statement of Profit or Loss and Comprehensive Income; Perspective and issues; Definition of terms; Concept of Income, of Expenses, of Gains and Losses; Statement of Comprehensive Income; Classification and Presentation; Statement title and reporting period; Major components of the Statement of Income; Revenue; Aggregating items; Reclassification Adjustments; Examples and Exercises.
Week 5
Revised IAS 1 - Statement of Changes in Equity; Statement of Cash Flows; Benefits of Statement of Cash Flows; Components of cash and Cash Equivalents; Classification in the Statement of Cash Flows; Direct and Indirect Methods; Examples and Exercises.
Week 6
IAS 2 – Inventories; Basic concept of Inventory Costing; Ownership of Goods; Valuation of Inventories; Joint Products and By-Products; Direct Costing; Firs-In-First-Out (FIFO); Weighted-Average Cost; Net Realizable Value; Disclosure requirements; Examples and Exercises.
Week 7
IAS 16 – Property, Plant and Equipment (PPE); Initial Measurement of PPE and Self-Constructed Assets; Depreciation of PPE; Depreciation Methods; Revaluation of PPE; Fair Value Concept; Examples and Exercises.
Week 8
IAS 38 – Intangible Assets; Background, Scope of the standard; Recognition criteria; Measurement of the Cost of Intangibles; Internally Generated Intangibles other than Goodwill; Subsequently Incurred Costs; Measurement Subsequently to Initial; Amortization Period; Residual Value;
IAS 36 – Impairment of Assets; Principal Requirements of IAS 36; Impairment of Tangible Long-Lived Assets; Impairment of Intangible Assets; Examples of Accounting for Impairment; Comparison with US GAAP; Exercises.
Week 9
Consolidations, Joint Arrangements, Associates and Separate Financial Statements;
Revised IFRS 3 – Business Combinations; Effective Date and Transition; Determining Fair Values; Accounting for Business Combinations under the Acquisition Method; Goodwill and Gain from a Bargain Purchase; Disclosure Requirements.
Week 10
Revised IAS 27 – Consolidated Financial Statements; Presentation and Scope; Consolidation Procedures;
IAS 32 – IAS 39 – IFRS 7 – Financial Instruments; Evolution in the Current Standard; Presentation; Recognition and Measurement; Accounting for Investment in Debt Instruments; Hedge Accounting; Disclosure Required under IFRS 7; Risk Consideration.
Week 11
IAS 17 – Leases; Classification of Leases; Lessee and Lessor; Distinction among Sales-Type, Direct Financing and Leveraged Leases; Operating and Financing Leases; Accounting for Lessee and Accounting for Lessor; Sale-Leaseback Transactions; Disclosure Requirements under IAS 17.

Testi:
Wiley IFRS 2017: Interpretation and Application of IFRS Standards, PKF International Ltd, March 2017 - ISBN: 978-1-119-34022-5


[Ultima modifica: mercoledì 30 novembre 2016]