ACCOUNTING AND BUSINESS ADMINISTRATION-1

The course contributes to the objectives of the Degree Program, which aims at providing a complete education in Business Administration and Management, as it provides the concepts and language useful to interpret the business and economic reality, to understand the role of economic entities in their various configurations, to draw the business strategy according with the external environment and the internal structure and evaluate and represent the attitude of an organization to thrive and fulfill its goals. Moreover, the second unit of the course (Economia Aziendale - 2) will provide knowledge useful to identify the financial consequences of business activities, to keep their records into accounts, and to prepare the financial statements according to Italian national legislation.

1 KNOWLEDGE AND UNDERSTANDING
Since the students of the Degree in Economics and Commerce need to know and understand the functioning of business entities, at the completing of this course students’ will know and be able to understand:
- the role of business entities in the economic activity;
- the relationship among economic and business phenomena;
- the typology of business entities and their main characteristics;
- the main activities performed by business entities and within business entities;
- the relationship between business activities and performance;
- 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;
- the format and the contents of balance sheet and income statement as required by the Italian Civil Code.
2 APPLYING KNOWLEDGE AND UNDERSTANDING
Since the students of the Degree in Economics and Commerce need to be able to put their knowledge into context and to apply them to real world situations, at the completing of this course the students will be able to:
- interpret real world economic phenomena in light of the concepts and model of business economics;
- understand the distinctive features of real business entities and develop hypotheses about the reasons determining their performances.
- 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;
- to reclassify the items of financial statements according to the macro categories established as mandatory by the Italian Civil Code for both income statement and balance sheet.

As this is an introductory course to Business Management and Accounting, no specific prior knowledge is required.

With reference to the first part of the course, the contents will cover:
Human needs, economic activity and business economics
The typologies of business entities
The governance of business entities and their identity
The analysis of external environment
The strategy and the strategic innovation
The business system and the organizational model
The evaluation and representation of performance
Introduction to financial statements and corporate reporting
Business economics and sustainability

With reference to the second part of the course, the contents will cover:
Logics and methods of accounting:
- 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;
- sales;
- 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;
- inventories;
- 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.

C. Bagnoli (a cura di), Economia Aziendale tra tradizione e innovazione, 2019, Giuffré Francis Lefebvre

The exam is unique for the two modules of the course (Economia Aziendale 1 and Economia Aziendale 2). It consists of both a written test and an oral test. To access the oral part the students have to pass the written test.

The written test has a duration of 1 hour and 30 minutes and cover the concepts of Economia Aziendale 2. It requires to solve two exercises:
a) the first exercise consist in recording a number of complex transactions, both on the general journal daybook and the general ledger.
b) the second exercise consist in the preparation of the balance sheet and the income statement of a firm relying on the following information: the opening balance sheet, a list of transactions and closing entries.

The oral part of the exam consists in a number of questions mainly based on the program of the fist module (Economia Aziendale 1).

The final score depends on the positive evaluation of both tests.

written and oral

30L: complete knowledge of the course program, excellent communication skills, ability of critical thinking
27-30: excellent knowledge of the course program, effective exposition, ability to apply notions to the discussion of a real case
22-26: good understanding of the course program, good and effective exposition of the main concepts
18-21: sufficient knowledge of the course program, correct use of technical language, week exposition

Teaching method is based on lectures addressing the relevant concepts and applying them through the examination of real business cases.

- To pass the written part of the exam in a necessary condition to be admitted to the oral part.

- EXAM BOOKING. ONLY students who have booked the exam by means of the online procedure within the terms will be admitted to the written exam. In case of any problem with the online booking procedure please contact the Economic Campus well in advance BEFORE the term expiry.

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 ADISS - Settore Inclusione, inclusione@unive.it.