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DEPARTMENT OF BUSINESS AND LAW
ROBERTO DI PIETRA SIENA, NOVEMBER 4, 2013
Accounting (IFA)
Course Presentation (40 hours; 6 credits; University of Siena; Academic Year 2013-2014)
INTERNATIONAL FINANCIAL
ACCOUNTING
Master of Science in
Management and Governance (Ma.Go)
Curriculum in “Accounting and Management”
(AMA)
Finance
IFA is included a specific course (40 hours ; 6 Credits) among a shopping list on the Second year (First Semester)
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• First Year
International Financial Accounting (6 CFU) First Semester
International Management (6 CFU) First Semester
Advanced European Union Law (6 CFU) First Semester
Microeconomics for Business and Finance (6CFU) First Semester
Economics of Sustainable Development (6 CFU) Second Semester
Strategic Management (6CFU) Second Semester
Business Law (6 CFU) Second Semester
Public Management (6 CFU) Second Semester
English for Economics & Business (6 CFU) Second Semester
Professional Training (6 CFU)
Others at student’s choice CFU (12 CFU)
Choice of 1 on these 2 courses
Choice of 1 on these 2 courses
INTERNATIONAL FINANCIAL
ACCOUNTING
•
Second Year
Industrial Organization (9 CFU) First Semester
Statistics for Business Decision Making (9
CFU) First Semester
Corporate Valuation (9 CFU) First Semester
Models of Capitalism (9 CFU) Second
Semester
Thesis (24 CFU)
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• Substantial Pre-requisites
Financial Accounting and Business economics
• Before attending this course students have to acquire and revise knowledge on basic financial accounting and reporting concepts, particularly the general format and content of a set of financial statements
• Students have also to have acquired and revise knowledge on Business economics
• Classes
Even if it is not compulsory, we strongly advice
to attend this course
INTERNATIONAL FINANCIAL
ACCOUNTING
• Learning Objectives
In this course we intend to examine the issues
referred to preparation and presentation of
Financial Statements by privately held firms or
groups within the EU context
A special focus will be devoted to the IFRS
adoption
• However, it worth to be noted that due to objectives declared by the IASB in its “Statute”and
“Framework”this standards will also be useful to prepare the Financial Statement of
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• Learning Objectives
The main aim of this course is to provide a comprehensive coverage of “International Financial Reporting”issues,
moving from the interaction between
“Accounting”and its “Environment”and
focusing on the “Accounting Harmonization”
objective (particularly within the EU context)
INTERNATIONAL FINANCIAL
ACCOUNTING
• Learning Objectives
Part of the classes will be devoted to the International Accounting Institutions and particularly to the “International Accounting Standards Board”(IASB)
During the course will be examined rules issued by the EU with which IAS/IFRS were endorsed
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• Learning Objectives
Some classes will be devoted to the explanation of the IASB “Framework”and its content,
We will address our attention on the problems of disclosure of financial information (Principles of disclosure: IAS 1, IAS 8 and IAS 10)
Presentation of Financial Statement (IAS 1)
Statement of Cash Flow Statement (IAS 7)
Operating segments (IAS 14 and IFRS 8)
Business Combinations (IFRS 3)
INTERNATIONAL FINANCIAL
ACCOUNTING
• Timetable
Monday: 10-12 (room 7)
Tuesday: 10-12 (room 7)
Wednesday: 12-14 (room 7)
• The IFA Course will start on November 4th, 2013
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• Students’ meeting:
Prof. Roberto Di Pietra:
Wednesday 14-16
• In some specific cases this scheduling could change (announcements will be available on the Department of Business and Law
(Dipartimento di Studi Aziendali e Giuridici) website (www.disag.unisi.it/it)
INTERNATIONAL FINANCIAL
ACCOUNTING
• Textbook and Slides
“International Financial Accounting”,
Roberto Di Pietra, 2013, McGraw Hill
Create
• To buy this e-book at the book store “Libreria del Centro” (Via Sallustio Bandini 17, Siena) are available e-cards
Powerpoint Slides will be uploaded in Pdf
format on the professor webpage of the
Department website (www.disag.unisi.it/it)
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• International Financial Accounting
Part I- Accounting Regulation: Definition,
main Contents and Theories
Part II – Financial Statement IFRS
Compliant
Part III – Preparation and Presentation of
Financial Statement
INTERNATIONAL FINANCIAL
ACCOUNTING
• International Financial Accounting
Part I- Accounting Regulation: Definition,
main Contents and Theories
Part II – Financial Statement IFRS
Compliant
Part III – Preparation and Presentation of
Financial Statement
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• International Financial Accounting
Part I- Accounting Regulation: Definition, main Contents and Theories
• International Accounting
• Normative Theories of accounting
Part II – Financial Statement IFRS Compliant
• Entities and financial reporting statements
• International financial reporting: institutional framework and standards
• History and purpose of the conceptual framework
• The nature and objective of financial reporting
• Accounting principles, concepts and policies
• The qualitative characteristics of financial information
• Auditing, corporate governance and ethics
Part III – Preparation and Presentation of Financial Statement
• The Preparation, Presentation, and Regulation of Company Financial Statements
INTERNATIONAL FINANCIAL
ACCOUNTING
• Exams
“Written test” (multiple choices and open
questions) and
“Oral colloquium”
• For the participation to each exam’s date is strictly required to book at least 3 days before at the Segreteria online website
(segreteriaonline.unsi.it)
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• A “Final test”will be scheduled
