First cycle
degree courses
Second cycle
degree courses
Single cycle
degree courses
Faculty of Economics Science
ECONOMICS AND MANAGEMENT
Course unit
INTERNATIONAL FINANCIAL REPORTING
ECN1041692, A.A. 2014/15

Information concerning the students who enrolled in A.Y. 2012/13

Information on the course unit
Degree course First cycle degree in
ECONOMICS AND MANAGEMENT (Ord. 2011)
EC0221, Degree course structure A.Y. 2011/12, A.Y. 2014/15
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Number of ECTS credits allocated 6.0
Type of assessment Mark
Course unit English denomination INTERNATIONAL FINANCIAL REPORTING
Department of reference Department of Economics and Management
Mandatory attendance No
Language of instruction English
Branch PADOVA
Single Course unit The Course unit can be attended under the option Single Course unit attendance
Optional Course unit The Course unit is available ONLY for students enrolled in ECONOMICS AND MANAGEMENT (Ord. 2011)

Lecturers
Teacher in charge ANTONIO PARBONETTI 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

Course unit organization
Period Second semester
Year 3rd Year
Teaching method frontal

Type of hours Credits Teaching
hours
Hours of
Individual study
Shifts
Lecture 6.0 42 108.0 No turn

Calendar
Start of activities 02/03/2015
End of activities 13/06/2015
Show course schedule 2015/16 Reg.2013 course timetable

Examination board
Examination board not defined

Syllabus
Prerequisites: Basic accounting background
Target skills and knowledge: Understanding major differences between IFRS and US GAAP
Examination methods: Written test and team work
Assessment criteria: Midterm Exam: 50%
Final Exam: 50%
Course unit contents: This course will cover the primary differences that currently exist between U.S. GAAP and IFRS. Discussion will contain theoretical and practical reasons for these differences; the effect of these differences on financial statements, the impact of the differences on various constituents of financial reporting such as management, creditors and investors; as well as a look at the possible direction these differences will take in the future. The course will also analyze the role securitization in the financial crisis and the existing differences between U.S. GAAP and IFRS

Main topics covered

Session 1: Introduction, Background and Non-Financial Assets
Session 2: Financial Assets and Deferred Taxes
Session 3: Stock-based Compensation
Session 4: Financial Statements and SME’s
Session 5: Mid-Term Exam
Session 6: Securitization and Financial instruments
Session 7: The accounting for securitization under IFRS
Session 8: The accounting for securitization under US GAAP
Session 9: Effects of securitization on capital adequacy and performance
Session 10: Final Exam
Planned learning activities and teaching methods: Lessons, Case studies and exercise will help students to get an in-depth understanding of major differences between IFRS and US GAAP
Additional notes about suggested reading: Class presentations,case studies and exercises
Textbooks (and optional supplementary readings)