First cycle
degree courses
Second cycle
degree courses
Single cycle
degree courses
School of Economics and Political Science
Course unit
EPP6076937, A.A. 2017/18

Information concerning the students who enrolled in A.Y. 2015/16

Information on the course unit
Degree course First cycle degree in
EP2093, Degree course structure A.Y. 2014/15, A.Y. 2017/18
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Number of ECTS credits allocated 6.0
Type of assessment Mark
Course unit English denomination ACCOUNTING FOR DECISION MAKING
Department of reference Department of Economics and Management
Mandatory attendance No
Language of instruction English

Teacher in charge MICHELE FABRIZI SECS-P/07

ECTS: details
Type Scientific-Disciplinary Sector Credits allocated
Educational activities in elective or integrative disciplines SECS-P/07 Business Administration 6.0

Mode of delivery (when and how)
Period Third trimester
Year 3rd Year
Teaching method frontal

Organisation of didactics
Type of hours Credits Hours of
Hours of
Individual study
Lecture 6.0 42 108.0 No turn

Start of activities 16/04/2018
End of activities 15/06/2018

Prerequisites: Course held during the International Summer Program In Padova: intensive classes especially dedicated to international students. Classes and exam: May- mid June.

Students are expected to have taken at least an introductory course in accounting and be familiar with financial statements.
Target skills and knowledge: At the end of the course, students are expected:
• To have a good understanding of the main accounting issues related to the application of the International Accounting Standards (IFRS/IAS)
• Being able to interpret financial statements prepared according to International Accounting Standards to reveal value added for shareholders
• Understanding how different accounting policies affect the analysis of profitability, growth and valuation
• Being able to perform a quality-of-earnings analysis
• Understanding how companies can manipulate earnings and how earnings manipulations can be detected
Assessment criteria: Assessment for granting grades in this course is different for “attending” and “non-attending students”. An “attending student” is who will hand in all team-work assignments during the course and who will be able to pass the final exam at the end of the course. If one of the two conditions above stated is not satisfied, the student is considered a “non-attending” student.

Grades for “attending” students:
- Written exam 60%
- In-class performance and participation 10%
- Team work assignments 30%

Grades for “non-attending” students:
- Written exam 100%

Students are responsible for all materials contained in the program, irrespective of the extent to which it is covered in class.
Course unit contents: This course focuses on the use of accounting information prepared according to International Accounting Standards to support the decision making process of investors and analysts. The course is divided into two main parts. In the first part, we will discuss the conceptual framework underlying IFRS/IAS and we will study the application of the International Accounting Standards to intangible and tangible assets. The second part of the course, instead, is devoted to understanding how to perform a quality-of-earnings analysis and detect accounting manipulations. To do so, we will analyze how different accounting policies might affect earnings. The main topics covered during the course are as follows:
• Introduction to the financial statements
• The conceptual framework underlying IFRS/IAS
• Accounting for intangible assets according to IFRS/IAS
• Accounting for tangible assets according to IFRS/IAS
• Viewing the business through the financial statements
• Creating accounting value and economic value
• Analysis of the quality of financial statements
Planned learning activities and teaching methods: Teaching will be based on three concurrent approaches:
• lecturing by instructor,
• in-class discussion of cases and exercises,
• team work activities

The course is designed in a way that gives an important role to the participation of each student during the lessons. It is important to be pro-active by asking questions, making relevant comments and adding personal views on the topics discussed. Students are expected to participate actively by having read the teaching material in advance, taking an active role in group discussions, and teamwork.
Additional notes about suggested reading: The slides presented in class will be available through the Moodle platform. Other relevant materials might be provided to or mentioned to students throughout the class and will be made available to students promptly.
Textbooks (and optional supplementary readings)
  • International Accounting Standards Board [IASB], The Conceptual Framework for Financial Reporting. --: --, 2010.
  • International Accounting Standards Board [IASB], Intangible Assets (IAS 38). --: --, 2014.
  • International Accounting Standards Board [IASB], Property, Plant and Equipment (IAS 16). --: --, 2014.
  • Penman, S. H., Financial Statement Analysis and Security Valuation 5th Edition. --: McGraw-Hill International Edition, --. Chapters: 2, 8, 17, 18.