International Financial Accounting (IFA)

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1 International Financial Accounting (IFA) Course Presentation (40 hours; 6 credits; University of Siena; Academic Year ) DEPARTMENT OF BUSINESS AND LAW ROBERTO DI PIETRA SIENA, NOVEMBER 4, Master of Science in Management and Governance (Ma.Go) Curriculum in Accounting and Management (AMA) Finance IFA is included a specific course (40 hours ; 6 Credits) among a shopping list on the Second year (First Semester) 2

of Science in Management and Governance (Ma.

2 First Year International Financial Accounting (6 CFU) First Semester International Management (6 CFU) First Semester Advanced European Union Law (6 CFU) First Semester Microeconomics for Business and Finance (6CFU) First Semester Economics of Sustainable Development (6 CFU) Second Semester Choice of 1 on these 2 courses Strategic Management (6CFU) Second Semester Business Law (6 CFU) Second Semester Public Management (6 CFU) Second Semester English for Economics & Business (6 CFU) Second Semester Professional Training (6 CFU) Choice of 1 on these 2 courses Others at student s choice CFU (12 CFU) 3 Second Year Industrial Organization (9 CFU) First Semester Statistics for Business Decision Making (9 CFU) First Semester Corporate Valuation (9 CFU) First Semester Models of Capitalism (9 CFU) Second Semester Thesis (24 CFU) 4

Semester Public Management (6 CFU) Second Semester English for Economics & Business (6 CFU) Second Semester Professional Training (6 CFU) Choice of 1 on these 2 courses Others at student s choice CFU

3 Substantial Pre-requisites Financial Accounting and Business economics Before attending this course students have to acquire and revise knowledge on basic financial accounting and reporting concepts, particularly the general format and content of a set of financial statements Students have also to have acquired and revise knowledge on Business economics Classes Even if it is not compulsory, we strongly advice to attend this course 5 Learning Objectives In this course we intend to examine the issues referred to preparation and presentation of Financial Statements by privately held firms or groups within the EU context A special focus will be devoted to the IFRS adoption However, it worth to be noted that due to objectives declared by the IASB in its Statute and Framework this standards will also be useful to prepare the Financial Statement of publicly-held corporation government-controlled organizations 6

strongly advice to attend this course 5 Learning Objectives In this course we intend to examine the issues referred to preparation and presentation of Financial Statements by privately held firms or

4 Learning Objectives The main aim of this course is to provide a comprehensive coverage of International Financial Reporting issues, moving from the interaction between Accounting and its Environment and focusing on the Accounting Harmonization objective (particularly within the EU context) 7 Learning Objectives Part of the classes will be devoted to the International Accounting Institutions and particularly to the International Accounting Standards Board (IASB) During the course will be examined rules issued by the EU with which IAS/IFRS were endorsed 8

EU context) 7 Learning Objectives Part of the classes will be devoted to the International Accounting Institutions and particularly to the

5 Learning Objectives Some classes will be devoted to the explanation of the IASB Framework and its content, We will address our attention on the problems of disclosure of financial information (Principles of disclosure: IAS 1, IAS 8 and IAS 10) Presentation of Financial Statement (IAS 1) Statement of Cash Flow Statement (IAS 7) Operating segments (IAS 14 and IFRS 8) Business Combinations (IFRS 3) 9 Timetable Monday: (room 7) Tuesday: (room 7) Wednesday: (room 7) The IFA Course will start on November 4 th,

Financial Statement (IAS 1) Statement of Cash Flow Statement (IAS 7) Operating segments (IAS 14 and IFRS 8) Business Combinations

6 Students meeting: Prof. : Wednesday In some specific cases this scheduling could change (announcements will be available on the Department of Business and Law (Dipartimento di Studi Aziendali e Giuridici) website ( 11 Textbook and Slides International Financial Accounting,, 2013, McGraw Hill Create To buy this e-book at the book store Libreria del Centro (Via Sallustio Bandini 17, Siena) are available e-cards Powerpoint Slides will be uploaded in Pdf format on the professor webpage of the Department website ( 12

(Dipartimento di Studi Aziendali e Giuridici) website (www.disag.unisi.

7 International Financial Accounting Part I- Accounting Regulation: Definition, main Contents and Theories Part II Financial Statement IFRS Compliant Part III Preparation and Presentation of Financial Statement 13 International Financial Accounting Part I- Accounting Regulation: Definition, main Contents and Theories Part II Financial Statement IFRS Compliant Part III Preparation and Presentation of Financial Statement 14

8 International Financial Accounting Part I- Accounting Regulation: Definition, main Contents and Theories International Accounting Normative Theories of accounting Part II Financial Statement IFRS Compliant Entities and financial reporting statements International financial reporting: institutional framework and standards History and purpose of the conceptual framework The nature and objective of financial reporting Accounting principles, concepts and policies The qualitative characteristics of financial information Auditing, corporate governance and ethics Part III Preparation and Presentation of Financial Statement The Preparation, Presentation, and Regulation of Company Financial Statements 15 Exams Written test (multiple choices and open questions) and Oral colloquium For the participation to each exam s date is strictly required to book at least 3 days before at the Segreteria online website (segreteriaonline.unsi.it) 16

of financial reporting Accounting principles, concepts and policies The qualitative characteristics of financial information Auditing, corporate governance and ethics Part III Preparation and

9 A Final test will be scheduled This final test is scheduled on Monday January 13, 2014, (room: to be defined) The participation to this final test is on a voluntary basis For the participation to this final test is strictly required to book at least 3 days before at the Segreteria didattica of the Department of Business and Law 17

00 (room: to be defined) The participation to this final test is on a voluntary basis

Course 1208: IFRS Overview for Derivatives and Hedging (2 days)

Course 1208: IFRS Overview for Derivatives and Hedging (2 days) Course introduction This comprehensive two-day course provides an in-depth review of the current IFRS accounting and reporting requirements for derivatives and hedging. The IASB published the final version