Rome, Italy - Course Descriptions - Financial Accounting

Course Information

Contact Hours and Credits

Availability

Summary

This course has the purpose to give students a real understanding of accounting principles and methods, considered as the fundamental tools to analyse and afford the different scenarios that real business activities may present.

Full Description

Objectives

This course has the purpose to give students a real understanding of accounting principles and methods, considered as the fundamental tools to analyse and afford the different scenarios that real business activities may present.

The viewpoint is the one of managers who base on accountancy reports their decision making process and need the tools to clearly understand and interpret the business fact they are presented, rather than the one of a bookkeeper, although correct bookkeeping knowledge is a fundamental requisite.

Syllabus

Refreshing fundamentals and improving concepts understanding

• nature and purposes of a balance sheet
• income statement
• records and systems
• revenue and monetary assets
• cost of sales and inventory
• long-lived assets and their amortization
• sources of capital: debt and owners' equity
• cash flow statement

Acquisitions and consolidated statements

• for investment
• business combinations and their impact on a. facts
• consolidated statements

An overview of extraordinary balance sheets

• transformation
• merger
• conferment
• liquidation

Financial statement analysis

• business objectives
• overall measures
• profitability ratios
• investment utilization ratios
• financial condition ratios
• dividend policy
• growth measures
• making comparisons: benchmarking principles

Understanding financial statements

• additional information in annual reports
• review of criteria and concepts
• accounting alternatives
• meaning of the financial statements

Towards Management Accounting and the decision making process

• introduction to ma and the dmp
• the behaviour of costs
• several ways to classify costs
• break-even point and analysis

Recommended Text(s)

Accounting: Texts and Cases, 11th Edition
Robert N Anthony, HARVARD BUSINESS SCHOOL
David Hawkins, HARVARD BUSINESS SCHOOL
Kenneth Merchant, UNIV OF SOUTHERN CALIFORNIA
Hardcover, 1008 pages
©2004, ISBN 0072819502
http://catalogs.mhhe.com/mhhe/viewProductDetails.do?isbn=0072936452

Suggested Readings

Modern Advanced Accounting, 9th Edition
E. John Larsen, UNIV OF SOUTHERN CALIFORNIA
E-Book, 880 pages
©2003, ISBN 0072889039
http://catalogs.mhhe.com/mhhe/viewProductDetails.do?isbn=0072889039

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