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Learning Objectives

provide basic knowledge and understanding on selected issues in financial reporting,
analysis, and, to a lower extent, consolidation.
recognize the impacts of selected items on financial statements and to be able to
distinguish main elements in financial statements
Provide basic financial statements analysis for different purposes
apply basic consolidation accounts techniques
expressing opinion about the overal financial health of listed firms
to be able to explain, adopting a differences in differences approach, why some companies
perform better than others
Capacity of gradually acquiring the drivers of performance of different firms


Have been succeed in a basic course of financial accounting. This prerequisite is valid for
all students, including those enrolled in other Bachelor programs or in dual degree
programs with other countries. The prerequisite is not applicable only for incoming erasmus


This course aims to introduce you to selected issues in financial reporting. After this course,
you should be able to:
1. read and provide a general analysis of the most important items within financial
statements of listed companies for different purposes;
Provide basic financial statements analysis for different purposes;
apply basic consolidation accounts techniques.
Here below, the detailed syllabus:
Refreshment on Financial Statements
Valuations of main fixed assets (Tangible and Intangible)
Impairment and Provisions
Financial assets, debt and equity
Basics of Financial Statement Analysis
Basics of Consolidated Financial Statements


Horngren et al., (2014) Introduction to Financial Accounting,11th edition, Wiley, Chapter 5
Robinson et al., (2015) International Financial Statement Analysis, 3rd edition, Wiley.
Chapters 7
Weygandt, Kimmel, Kieso: Financial & Managerial Accounting 3rd ed. (for short: WKK) Ch
4, 6, 9, ch 8 par. 17, 10, 11
Additional readings uploaded on the course webpage.
All the materials uploaded on the course webpage


Kieso, Weygandt, Warfield, Intermediate Accounting – Ifrs edition, vol I, Wiley, 2011, 3
edition, chapters 1, 2, 3,4,5;
Aerts, Walton, Global Accounting and Reporting, Cengage, 2017, 4th edition, chapters 8, 9,
and 10;
International Financial Reporting Standars – Accounting and Financial Reporting Using
IFRS, 2015, McGraw-Hill, chapters 1 and 2
All IAS-IFRS currently issued at the starting day of the course
Subramanyam (2014), Financial Statement Analysis, 11th edition, McGraw-Hill

Teaching methods

Teaching Hours and Teaching Methods
Teaching methods:
Lecture 60%
Exercises, Discussion and group presentation 40%
(Homework assignments are the basis for class discussion)

Exam Rules

Group Project presentation and report 30%
Final exam 70%
Total 100%
The following factors are considered in the class participation and they can give to students
additional individual bonuses:
1. Attendance.
2. Volunteering answers to questions or asking good questions.
3. Responses to discussion questions.
As for the assessment, there are no differences between attendants and non-attendants,
except by the fact they cannot collect additional bonuses as for the aforementioned 3 bullet
points. Non Attendants will submit and present their projects (also made individually) the
day of the exam.
Students will succeed in the exam by getting a grade equal or higher than 18/30. Below 18
student will be rejected and invited to attempt again at a future date after having deepened
the lackings reported.
Within the range of positive grades (from 18 to 30) it is possible to recognize the following
sub-range and related features:
18-20. The student can succeed in the light of a very basic understanding of all topics and
ability to report and discuss them with a very minor critical approach.
21-23. The student got the basics well and is able to understand and quickly well-debrief
the major concepts and issues faced during the course.
24-26. The student is mature with respect to the course contents and related understand.
He/she can fairly report all concepts in a correct manner by well balancing synthesis and
27-29. The understanding is full and appreciable. The student not only has learned much,
he/she is also able to infer his/her knowledge in connection with other subjects and
discipline and he/she is also able to open up future critical issue.
30- 30 cum laude. The student's preparation and performance is outstanding. He/she is at
ease in perfectly respond to whatever issue around those faced during the course. He/she
is able to make connection and bridges in the vast field of business administration and this
attitudes demonstrate the student's potential to succeed in the job market in the areas
related with the course.