CONTEMPORARY ISSUES IN ACCOUNTING AND AUDITING

Academic year
2019/2020 Syllabus of previous years
Official course title
CONTEMPORARY ISSUES IN ACCOUNTING AND AUDITING
Course code
ET0079 (AF:278133 AR:161163)
Modality
On campus classes
ECTS credits
6
Degree level
Bachelor's Degree Programme
Educational sector code
SECS-P/07
Period
3rd Term
Course year
3
Moodle
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The course contributes to the educational objectives of the Bachelor's Degree Programme, which aims to provide a complete training in the management disciplines, as it provides to students the knowledge about current and significant issues which relate to the globalization of accounting and auditing.
The course critically evaluates current issues in the globalization of accounting and auditing. The unit examines relevant issues of accounting regulation and practice, and the politics of standard-setting process. Financial reporting is further developed focusing on competing regulatory initiatives and their effects on capital markets. The unit analyses also the process of auditing highlighting the important issues which underpin the practice of auditing.
1 KNOWLEDGE AND UNDERSTANDING
The students of the Bachelor's Degree Program Business Administration-curriculum Business Administration and Management will gain knowledge and critically understanding about accounting and auditing regulation at a supranational level.and understand their effects. At the end of this course, students will know and understand:
- the functioning of international standard-setting processes (actors and activities) which relate to accounting and auditing regulation;
- the technical and political content of accounting regulation and its effect on capital markets;
- the contemporary issues in the present accounting scenario.
2 APPLYING KNOWLEDGE AND UNDERSTANDING
Students of the Bachelor's Degree Programme Economia Aziendale-Business Administration and Management must be able to make operational their knowledge through a critical and productive evaluation of accounting and auditing regulation and the presentation of alternatives. At the end of the course, students will be able to:
- critically evaluate standard-setting processes and their technical and political content and influences;
- actively participate and contribute to the discussion on emerging aspects in the international scene;
- make proposals about alternative regulatory solutions based on the accounting and audit competences.
Formal prerequisites for this course is the “Principles of Management and International Accounting” course (12 credits).
The course focuses on contemporary issues in accounting and auditing in a global context.
Topics covered are:
-accounting regulation: actors and actions
-technical and political content of accounting rules: cases and discussions
-emerging issues in the current international accounting arena
-the effects and consequences of different regulatory solutions
-the auditing process and the InternationalAuditing Standards
-current issues in the International auditing scenario
The required textbook is David Alexander & Christopher Nobes: Financial Accounting: an International Introduction; 6th edition: Pearson/Prentice Hall: ISBN: 978-1-272-10299-3 (print; also available electronically). There will be no detailed suggested paragraphs. Broadly speaking we will develop the implications of chapters 4 and 5, embracing the country background of students but in a global context, and then move on to detailed work, in student groups, on chapter 7. This leads eventually to the detailed real-life case studies chosen by each group. At this stage, depending on the specifics of the chosen entity, nothing in the book is irrelevant. A vast array of further relevant resources is also available via search engines. The approach is problem-centred rather than didactic.
Written examination (1 hour)
Classes will comprise a mixture of theoretical input and problem-based discussions, they are interactive classes in the presence of professionals during which students will be required to actively participate.
English
written
Definitive programme.
Last update of the programme: 30/04/2019