International Financial
Accounting (IFA)
Course Presentation (40 hours; 6 credits; University of
Siena; Academic Year 2013-2014)
DEPARTMENT OF BUSINESS AND LAW
ROBERTO DI PIETRA
SIENA, NOVEMBER 4, 2013
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Roberto Di Pietra
INTERNATIONAL FINANCIAL
ACCOUNTING
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)
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Roberto Di Pietra
INTERNATIONAL FINANCIAL
ACCOUNTING
First Year
•
International Financial Accounting (6 CFU) First Semester
International Management (6 CFU) First Semester
Advanced European Union Law (6 CFU) First Semester
Choice of 1
Microeconomics for Business and Finance (6CFU) First Semester
Economics of Sustainable Development (6 CFU) Second Semester 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)
Others at student’s choice CFU (12 CFU)
Choice of 1
on these 2
courses
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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
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Thesis (24 CFU)
Roberto Di Pietra
INTERNATIONAL FINANCIAL
ACCOUNTING
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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
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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
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ACCOUNTING
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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)
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Learning Objectives
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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
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INTERNATIONAL FINANCIAL
ACCOUNTING
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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)
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ACCOUNTING
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Timetable
Monday: 10-12 (room 7)
Tuesday: 10-12 (room 7)
Wednesday: 12-14 (room 7)
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The IFA Course will start on November 4th, 2013
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Students’ meeting:
Prof. Roberto Di Pietra:
Wednesday 14-16
• 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 (www.disag.unisi.it/it)
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Textbook and Slides
“International Financial Accounting”,
Roberto Di Pietra, 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 (www.disag.unisi.it/it)
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ACCOUNTING
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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
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INTERNATIONAL FINANCIAL
ACCOUNTING
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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
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INTERNATIONAL FINANCIAL
ACCOUNTING
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International Financial Accounting
Part I- Accounting Regulation: Definition, main Contents and
Theories
• International Accounting
• Normative Theories of accounting
Part II – Financial Statement IFRS Compliant
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•
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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
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• The Preparation, Presentation, and Regulation of Company Financial
Statements
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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)
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A “Final test” will be scheduled
This final test is scheduled on Monday
January 13, 2014, 10.00-12.00 (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
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