ACCOUNTING AND BUSINESS ADMINISTRATION-2
Contribution of the course to the overall degree programme goals
Expected learning outcomes
The students of the ECONOMIA AZIENDALE - Bachelor's Degree Programme have to know and understand the operating setting of firms, the financial statements and other financial tools supporting the decisions. At the end of this course, students will know and understand:
- the economic and financial nature of an entity’s events;
- the method of double entry bookkeeping applied for the preparation of both balance sheet and income statement;
- the ways by which accounting records of daily transactions affect the preparation of financial statements;
- the adjusting entries to be recorded at the end of the accounting period in order to rectify and supplement the information described above (in the previous point). These adjustments permit the proper recognition of both income and equity at the end of such period;
- the main Italian regulatory framework to be considered for the proper evaluation of bookkeeping entries.
2 APPLYING KNOWLEDGE AND UNDERSTANDING
The students of the ECONOMIA AZIENDALE - Bachelor's Degree Programme must be able to contextualize their knowledge and apply it to concrete situations through the analysis and processing of accounting data. At the end of this teaching course, the students will be able:
- to record the main accounting entries needed to prepare financial statements;
- to draw up the income statement and the final balance sheet considering the accounting data available from the opening balance sheet (at the beginning of the accounting period), the description of the transactions taking place during the accounting period, and the information needed to carry out the final adjustments.
- cycle of operations: production operations and financing operations;
- double entry bookkeeping.
Recording of transactions during the accounting period:
- purchases of goods and services;
- employee costs;
- purchases of fixed assets;
- shareholders’ equity transactions;
- financing and investments in financial assets.
Influence of management operations on income and capital.
Accounting regulation and standards.
Principles for the preparation of financial statements.
Adjusting and closing entries about:
- tangible and intangible assets;
- securities and investments;
- prepayments and accruals;
- cash and equivalent accounting items;
- provisions for risks and charges, severance indemnities and post-employment benefits;
- debts and other liabilities.
Contents of financial statements:
- format of financial statements;
- financial disclosure.
Recommended Reading List:
- P. Andrei, A.M. Fellegara (a cura di), Contabilità generale e bilancio d'impresa, IV ed., Giappichelli, 2017
- R. Di Pietra, G. Ianniello, A. Paris, Il bilancio d'impresa, Cedam, 2017.
- L. Marchi (a cura di), Introduzione alla contabilità d'impresa, VI ed., Giappichelli, 2017.
The written exam lasts 1 hour and 30 minutes, and concerns the program of the second part of course (Business Admistration - 2). It requires the solution of two exercises:
a) the first exercise consists of recording of complex transactions according to both the journal entries and the T-accounts (ledger);
b) the second exercise consists of preparing the balance sheet and the income statement of a firm according to the following information: the opening balance sheet; a list of transactions during the accounting period; a list of adjusting entries at the end of the accounting period.
The oral exam is mainly relative to the program of the first part of the course (Business Administration - 1).
The final grade is based on the positive evaluations of both exams.
The course is associated with tutorials that insist on the most applicative aspects of the program.
- REGISTRATION FOR EXAM. Online registration is COMPULSORY. In case of registration problems, students are required to contact the economic campus a reasonable number of days BEFORE deadline.
Accessibility, Disability and Inclusion
Accommodation and support services for students with disabilities and students with specific learning impairments
Ca’ Foscari abides by Italian Law (Law 17/1999; Law 170/2010) regarding support
services and accommodation available to students with disabilities. This includes students with
mobility, visual, hearing and other disabilities (Law 17/1999), and specific learning impairments (Law 170/2010). If you have a disability or impairment that requires accommodations (i.e., alternate testing, readers, note takers or interpreters) please contact the Disability and Accessibility Offices in Student Services: email@example.com.