|
Course unit
ADVANCED FINANCIAL ACCOUNTING (MOD. A)
EPP7077938, A.A. 2019/20
Information concerning the students who enrolled in A.Y. 2019/20
Integrated course for this unit
ECTS: details
Type |
Scientific-Disciplinary Sector |
Credits allocated |
Core courses |
SECS-P/07 |
Business Administration |
9.0 |
Course unit organization
Period |
Annual |
Year |
1st Year |
Teaching method |
frontal |
Type of hours |
Credits |
Teaching hours |
Hours of Individual study |
Shifts |
Lecture |
9.0 |
64 |
161.0 |
No turn |
Examination board
Examination board not defined
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.
|
|
|