(I) KNOWLEDGE objectives - To Know:
a) the role of the discipline within the Accounting and Economic disciplines;
b) the modern meaning of the information subsystem;
c) the existence of multiple reporting procedures, including the general bookkeeping;
c) the account, the double-entry method and the consequences of applying the latter to the Amaduzzi’s system of interpretation;
d) logical steps and main groups of records in the General Accounting;
e) the representation of Income and Equity both in the bookkeeping and financial statements and the related measurement problems;
f) the financial statements regimes in force in Italy. More in detail, the Civil Code;
g) basic technical accounting language and concepts.
(II) KNOW-HOW objectives – To acquire the following abilities:
a) to exercise double-entry records related to single operations (simple skill);
b) to transfer the results of the bookkeeping to financial statement schedules (simple skill);
c) closing and reopening of general accounting accounts (complex skill);
d) Knowing how to circumscribe, for each operation, the data useful for accounting records (simple skill fostering autonomous judgements);
e) Being able to observe the consequences that each transaction will have, as of 31.12, in terms of closing entries, for the preparation of the final accounts (complex skill fostering autonomous judgements).
f) To show a mastery of the fundamental accounting concepts so as to enable the synthesis of suitable summaries to effectively describe the performance of the companies (communication skill);
g) to become familiar with the typical vocabulary of the discipline, especially as for categories widely used in accounting (Income statement, Balance sheet, financial statements, etc.) (communication skill);
h) to Know how to apply the double-entry method in accounting professional contexts (Learning ability).
(III) TO BE – To develop:
- aptitude for concentration through the repeated exercise of complex skills (eg: annual bookkeeping aimed at the determination of income and equity);
- aptitude for flexibility through models’ relativity and standards (eg: more criteria for inventories evaluation, debts evaluated at nominal value or at the amortized cost).
(IV) COMPETENCES - By achieving the above listed objectives, the Module pursues the following expertises:
- to interpret Income and Equity in a basic technical accounting perspective;
- to manage as a single process both the annual bookkeeping and the final drafting of the financial statements;
- to understand differences and relationships between bookkeeping and regulatory, both civil and fiscal.