FINANCIAL REPORTING
Master of Science in Economics & Business Administration
(November-December 2011)
Course Outline
Course Objective
This course aims to introduce students to selected issues
in financial reporting. The students should be familiar
with the financial reporting issues in the international
context. The course is based on International Financial
Reporting Standards, and also referring to US Generally
Accepted Accounting Principles. The course will also
provide opportunities for practicing problem solving,
oral communication and creative writing skills in
English.
Lecturer
Prof. Antonio Chirico
Email : chirico@economia.uniroma2.it
Office hours: Tuesday 4pm-6pm, or by appointments
Building B, 1st Floor, Room 61
Dept. of Business Studies
Dr. Sandro Brunelli
Email: brunelli@economia.uniroma2.it
Office hours: Thursday 11am-1pm, or by appointments
Building B, 3rd Floor, Room C-8
Dept. of Business Studies
Class Room and Times
Classroom A (first floor building ricerca)
November, 14------December, 16
Monday 2pm – 5pm
Tuesday 2pm – 5pm
1
Assessment
Individual work
Group project presentation
Written report on case analysis
Final Examination-Close book (2hours)
Teaching method
Lecture 50%
Problem solving or case discussion 50%
20%
20%
10%
50%
Readings
Kieso, Weygandt, Warfield, Intermediate Accounting
(Wiley. 13 edition, 2010)
References
Alexander, Britton and Jorissen, International
financial reporting and analysis, Cengage Learning,
4edition, 2009
Alfredson, Leo, Picker, Pacter, Radford, Applying
International Accounting Standards, Wiley, 2005
IAS-IFRS 2011
FIAT annual report 2010
Volkswagen annual report 2010
Materials permitted
Calculator is necessary for the test
Lecture Program
Course Contents
Part I A General Introduction to Financial Reporting
Chapter 1: Accounting standards and financial reporting
Chapter 2: Conceptual framework
Chapter 3: Accounting Information system
Chapter 4: Income Statement and Statement of changes in owners’ equity
Chapter 5: Statement of financial position and Statement of cash flows
Part II Major issues in financial reporting
Chapter 6: Cash and Receivables
Chapter 7: Inventory
2
Chapter 8: PPE and Intangibles
Chapter 9: Liabilities and Owners’ equity
Course scheduling
Monday
Tuesday
Date
November 14
November 15
Topic
Accounting Standards and Financial Reporting
Conceptual Framework
Date
November 21
November 22
Topic
Accounting Information system
Income Statement and Statement of changes in
owners’ equity
Date
November 28
November 29
Topic
Balance Sheet and Statement of cash flows
Cash and receivables
Date
December 5
December 6
Topic
Inventory
PPE
Date
December 12
December 13
Topic
Intangibles
Liabilities and Owners equity
3