First cycle
degree courses
Second cycle
degree courses
Single cycle
degree courses
School of Economics and Political Science
BUSINESS ADMINISTRATION
Course unit
ADVANCED FINANCIAL ACCOUNTING (MOD. A)
EPP7077938, A.A. 2018/19

Information concerning the students who enrolled in A.Y. 2018/19

Information on the course unit
Degree course Second cycle degree in
BUSINESS ADMINISTRATION
EP2423, Degree course structure A.Y. 2017/18, A.Y. 2018/19
N0
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Degree course track ACCOUNTING AND FINANCE [001PD]
Number of ECTS credits allocated 9.0
Type of assessment Mark
Course unit English denomination ADVANCED FINANCIAL ACCOUNTING (MOD. A)
Department of reference Department of Economics and Management
Mandatory attendance No
Language of instruction English
Branch PADOVA

Lecturers
Teacher in charge AMEDEO PUGLIESE SECS-P/07

Integrated course for this unit
Course unit code Course unit name Teacher in charge
EPP7077937 EXAMINATION: ADVANCED FINANCIAL ACCOUNTING AND RISK AND PERFORMANCE MEASUREMENT AMEDEO PUGLIESE

Mutuated
Course unit code Course unit name Teacher in charge Degree course code
EPP3060657 ADVANCED FINANCIAL ACCOUNTING AMEDEO PUGLIESE EP2423

ECTS: details
Type Scientific-Disciplinary Sector Credits allocated
Core courses SECS-P/07 Business Administration 9.0

Mode of delivery (when and how)
Period Annual
Year 1st Year
Teaching method frontal

Organisation of didactics
Type of hours Credits Hours of
teaching
Hours of
Individual study
Shifts
Lecture 9.0 64 161.0 No turn

Calendar
Start of activities 01/10/2018
End of activities 28/06/2019

Syllabus

Common characteristics of the Integrated Course unit

Prerequisites: Fluency with basic principles of corporate finance and financial management are recommended since the class frequently builds on this knowledge base. An understanding of International Financial Reporting Standards (IFRS) is strongly recommended. A refresher will help.

If you feel you need a refresher, here a list of possible books (among many). All are available through the Library:

Introduction to Financial Accounting
Intermediate Financial Accounting
Financial Accounting with IFRS
Target skills and knowledge: Upon successful completion of the course, then student should be able to:
• Discern the features of Consolidated Financial Statements from single entity financial reports;
• Interpret the role of goodwill and allocation of intangible assets in purchase price allocation;
• Recognize accounting policies adopted by focal firms in their consolidated financial reports;
• Connect accounting policies to company valuation;
Examination methods: For attending and non-attending students the assessment is represented by a written exam worth 30 marks. Alternative forms of assessment (non-written) are not allowed. This is applicable to the following sessions:
- January/February
- June/July
- August/September

Please note that in order to sit the final exam you need to book it via Uniweb at the latest 3 days prior to the elected date. Please ensure you book the relevant examination according to your study plan:

• If you are majoring in Management, then your exam will be 9 ECTS and will be registered straight away;
• If you are majoring in Accounting, Finance and Control, then your exam has a follow-up (Risk and Performance Measurement, Prof Federica Ricceri) that is worth 6 ECTS. The course will be held in the second term. Should this be the case, note that on Uniweb will need to sign up for the 15 ECTS module/exam.

Note you are the only one aware of your choice, therefore make sure you select the right exam
Assessment criteria: FINAL EXAM – 100% OF OVERALL GRADE

It is an individual piece of assessment aiming at testing your understanding of the topics covered throughout the semester and in the course materials;

Format: Closed-book exam with multiple choices, short answers/essays and open-ended questions;

Written test (max 33 marks). 18 out of 33 to get a pass. The structure is tentatively the following:
- Multiple choice theoretical questions
- Exercise on consolidation and double-entry bookkeeping (multiple choice)
- Exercise on purchase price allocation or impairment test
- Exercise on valuation models

Specific characteristics of the Module

Course unit contents: The course examines the following topics:

1. Accounting information and documents of the Annual report
2. Business Combination and consolidation
3. Purchase Price Allocation
4. Goodwill and Impairment test
5. Business combination a different approach to estimate risk in the price paid
6. Intragroup transactions and accounting policies
Planned learning activities and teaching methods: The course will employ multiple tools to enhance students' learning.
Lecturing to cover theory topics
Exercises and Practices to cover hands-on applications and tools
Additional notes about suggested reading: Lecture slides and teaching material will be made available through the Moodle online platform prior to the classes (https://elearning.unipd.it/economia/).

A suggested textbook is:
Advanced Financial Accounting (Parbonetti & Pugliese). McGraw-Hill Education (Create), 2017.
The book is available through various providers both on-campus or online at:
- IBS
- Libreria Universitaria

Alternatively you may want to have a look at Advanced Financial Accounting: chapters 1-5 are extremely useful in guiding you through the first half of the course.

Principles of Group Accounting under IFRS. Andreas Krimpmann. Wiley 2015.

A series of journal articles constitute part of the readings required and will be available through the Moodle platform.

The various topics shall be complemented via an accurate reading of the financial press (e.g. Il Sole 24 Ore, The Economist, Bloomberg, Financial Times).

For an easy to grasp review of the concepts surrounding IFRS, you may want to have a look at the following videos from Youtube/ IFRSbox.
Textbooks (and optional supplementary readings)
  • Penman, Stephen H., Financial statement analysis and security valuationStephen H. Penman. New York: McGraw-Hill education, 2013.
  • Christensen, Theodore E.; Cottrell, David M., Advanced financial accountingTheodore E. ChristensenDavid M. CottrellCassy JH Budd. New York: McGraw-Hill Education, 2016.