The teaching activity pursues the general objective of the course of study to provide knowledge and skills regarding the accounting and administrative function of private companies operating in different sectors.
Through the study of accounting principles and techniques, the course aims to transmit the theoretical and applicative bases of the accounting entry of company operations, the functioning of the general accounting and the preparation of the financial statements, in order to promote the correct reading and interpretation of the accounting documents supporting the company decision-making process.
EXPECTED LEARNING OUTCOMES
At the end of the course the student must acquire knowledge and skills about the functioning of the general accounting, how to prepare the financial statements and how read the accounting documents. The main objective is to contribute to the training of a professional figure in charge of accounting and administrative-financial management of private companies, both as an internal profile and as a consultant. The course proposes to transmit the following skills and knowledge:
Knowledge and understanding:
- understand the principles of double-entry accounting;
- understand the operating logic of financial and economic accounts;
- understand the business events and describe them according to the accounting language;
- understand the functioning and architecture of the general accounting;
- understand the criteria for designing an accounting system;
- understand the structure of accounting models and the theoretical, regulatory and technical principles;
KNOWLEDGE AND CAPACITIES
- Recognize and apply double-entry rules to record transactions;
- Record transactions, using double entry method, related to procurement, sales, credits, debts, tax and other operations of the general ledger.
- Adjusting entries and reverse entries
- Calculate the net income and the stockholders’ equity
- Prepare the balance sheet and the income statement
- to associate the business events (eg. sending products to customers) of companies operating in different sectors (industry and services) to the accounts (eg. revenues, credits, money ...);
- linking the financial and economic aspects of transactions and the relationships between income statement and balance sheet;
- to interpret the theoretical principles, law rules and accounting standards through accounts and records;
- to evaluate the company performance;
- to discuss and explain fundamental aspects of financial accounting and bookkeeping, linking them to other learning outcomes.
- use the technical-accounting language;
- Carries out individual and group research on specific aspects of the discipline;
- compare the individual skills with the practices (tools used: professional textbooks, RATIO journal for professional updates)