Degree course: 
Corso di First cycle degree in ECONOMICS AND MANAGEMENT
Academic year when starting the degree: 
Academic year in which the course will be held: 
Course type: 
Compulsory subjects, characteristic of the class
First Semester
Standard lectures hours: 
Detail of lecture’s hours: 
Lesson (80 hours), Exercise (20 hours)

No prerequisite. However, it is advisable to correctly know the skills of the Management course (I year) in order to understand the topics explained during the lessons.

Final Examination: 

The exam is written on the topics covered during the course and in the reference materials (see below).
The exam can be taken in two ways: i) at the first session at the end of the course where the assessment will be based on the assessment of the assignments for 30% and on the test carried out for 70%;
ii) in the exams following the first, the evaluation will be based entirely on the written test.
The test, which lasts two hours, consists of open questions and exercises aimed at verifying the acquisition of the basic concepts and their correct application, even quantitatively.
• More in detail the exam will be
divided into four parts:
I: multiple choice test
II: Recording entries in the general journal OR recording adjusting and closing entries (starting from a trial balance)
III and IV: questions and practical exercises
The total points obtainable in the written test is 31/31, a score which corresponds to the mark of
30/30 + Lode.
The examination structured in this way allows to verify if the student knows, from a theoretical point of view, the general principles of preparation of the balance sheet, the evaluation criteria of the main balance sheet items and the analysis of the balance sheet by indexes and flows. In addition, the exercises allow to evaluate whether the student is able to put these theoretical notions into practice having acquired the technical features of general accounting, drafting the financial statement and analyzing it.

Voto Finale

The course aims to offer the methodology and fundamental tools of general accounting and to analyze the civil law that governs the preparation of the financial statements for publication. The examination of the legislation is supplemented by the due references to the precepts of the economic-business theory and to the provisions of the national accounting standards (OIC).
The course provides the basic elements of financial analysis and assessment of company performance through the reclassification of the financial statements and the analysis by indices and financial flows.

At the end of the course, the student will be able to:
I) understand the logic of the accounting method
II)make the bookkeeping of the main management operations of an industrial, commercial and service company
III) evaluation reasoning the main elements of income statements and balance sheet
IV) apply the methodologies of the financial statement analysis by indexes and flows,
V) illustrate the management phenomena that generated the book values
VI) assess the company's aptitude for pursuing and maintaining the income, financial and monetary balance.

The course’s partition in sessions is pointed out in the course's detailed syllabus published on the e-learning
platform. In the detailed syllabus, the student also finds learning materials and bibliographic references
related to each session.
The Course contents are the following:
- Introductory notions on accounting process;
- Financial accounting: The double entry book-keeping process; recording entries in the general journal of
a set of typical transactions; recording adjusting entries; recording closing entries; recording opening
- The preparation of financial statements in accordance with Italian generally accepted accounting
principles: general principles; asset recognition and measurement criteria; liability recognition and
measurement criteria;
- Financial analysis.

• The accrual basis of accounting
• The double entry book-keeping process
• The rules of debit and credit
• Recording entries in the general journal of a set of typical transactions (purchases, sales, receipts and payments, lending and borrowing, etc.) for manufacturing, commercial and services companies.
• Posting to the general ledger
• The preparation of a trial balance
• Recording adjusting entries
• Recording closing entries
• The preparation of financial statements
• The accounting regulation: the rules of the Italian Civil Code (Articles from 2423 to 2435bis) and the Accounting Standards issue by the Italian Standards Setter “Organismo Italiano di Contabilità (OIC)”
• The scope of financial statements: the “true and fair view” of company’s assets, liabilities, financial position and profit or loss
• The general principles:
o going concern principle
o prudence principle
o prevalence of the substance over from principle
o realization principle
o matching principle
o separate valuation of assets and liabilities items
o consistency principle
• Balance sheet form and contents
• Income statement form and contents
• Statement of cash flows (refer to form IV)
• The function and the minimum contents of the notes (in brief)
• Financial Statements in the abridge version (in brief)
• Assets and liabilities recognition and measurement:
o inventories
o Trade and other receivables
o trade payables, loans, provisions and employees severance indemnities
o income taxes (taxes payable and deferred income taxes)
o fixed assets
o foreign currency transactions
• Basic elements of financial analysis and performance valuation by the means of:
o balance sheet and income statement reclassification
o calculation of the main financial ratios
o preparation of the Statement of cash flows

Civil Code, art. 2423 - 2435ter
Slides and exercises prepared by the teacher and published on the e-learning platform
- Textbook for Parts I, II and IV
Lombardi Stocchetti G. (a cura di), Basic Financial Accounting 2020, Guerini editore
- Textbook for Parts III
G. Lombardi Stocchetti (a cura di), Valutazioni di bilancio, Pearson Education, 2018
The mandatory parts of the textbooks are listed in the course's detailed syllabus published on the elearning page.


The course is articulated in 80 lesson hours. During the lesson hours will be both analyzed the theoretical aspects of different topics and the practical implications by means of exercises and numerical examples.

The teachers are available at the indicated reception hours, and regularly updated, on their respective homepages. The reception of students by appointment is to be agreed by e-mail