Ifrs Standards and Consolidated Financial Statements
A.Y. 2025/2026
Learning objectives
The course aims to provide the knowledge necessary for the preparation and interpretation of the separated and consolidated financial statements under international accounting standards. In particular, the course intends to provide knowledge on the principles, methodologies and logics that drive the presentation of the separated and consolidated financial statements according to the International Accounting Standards (IAS) and the International Financial Reporting Standards (IFRS).
Expected learning outcomes
At the end of the course, the student will be able to:
- possess adequate knowledge and effective understanding of the rules governing the preparation of the separated and consolidated financial statements according to the international accounting standards (IAS/IFRS);
- apply the knowledge acquired to prepare the separated and consolidated financial statements according to the international accounting standards (IAS/IFRS);
- develop adequate learning skills to continue to independently explore the issues relating to the international accounting standards and the consolidated financial statements, in order to be able to respond to the needs of the working contexts in which they will operate.
- possess adequate knowledge and effective understanding of the rules governing the preparation of the separated and consolidated financial statements according to the international accounting standards (IAS/IFRS);
- apply the knowledge acquired to prepare the separated and consolidated financial statements according to the international accounting standards (IAS/IFRS);
- develop adequate learning skills to continue to independently explore the issues relating to the international accounting standards and the consolidated financial statements, in order to be able to respond to the needs of the working contexts in which they will operate.
Lesson period: Second semester
Assessment methods: Esame
Assessment result: voto verbalizzato in trentesimi
Single course
This course cannot be attended as a single course. Please check our list of single courses to find the ones available for enrolment.
Course syllabus and organization
Single session
Responsible
Lesson period
Second semester
Course syllabus
The course covers both international accounting standards (IAS/IFRS) and the construction of consolidated financial statements.
It is structured into two modules.
The topics of the first module (40 hours) are taught by Prof. Silvia Angeloni and include:
An overview of the double-entry bookkeeping method and the preparation of two financial statements: the Statement of Financial Position and the Income Statement;
The provisions of the Conceptual Framework for Financial Reporting;
The composition and presentation of financial statements under IAS/IFRS;
Analysis of international accounting standards related to the measurement of key financial statement items under IAS/IFRS (Property, Plant and Equipment; Intangible Assets; Leases; Revenue; and Foreign Currency Transactions).
The topics of the second module (23 hours) are taught by Prof. Ida D'Alessio and include:
The concept of a group of companies and the role of consolidated financial statements as a tool for assessing the group's economic performance;
The main consolidation theories;
The definition of the scope of consolidation;
Consolidation adjustments with reference to the first year of consolidation;
The equity method for investments in associates and joint ventures;
The preparation and interpretation of the Statement of Cash Flows in accordance with IAS/IFRS.
It is structured into two modules.
The topics of the first module (40 hours) are taught by Prof. Silvia Angeloni and include:
An overview of the double-entry bookkeeping method and the preparation of two financial statements: the Statement of Financial Position and the Income Statement;
The provisions of the Conceptual Framework for Financial Reporting;
The composition and presentation of financial statements under IAS/IFRS;
Analysis of international accounting standards related to the measurement of key financial statement items under IAS/IFRS (Property, Plant and Equipment; Intangible Assets; Leases; Revenue; and Foreign Currency Transactions).
The topics of the second module (23 hours) are taught by Prof. Ida D'Alessio and include:
The concept of a group of companies and the role of consolidated financial statements as a tool for assessing the group's economic performance;
The main consolidation theories;
The definition of the scope of consolidation;
Consolidation adjustments with reference to the first year of consolidation;
The equity method for investments in associates and joint ventures;
The preparation and interpretation of the Statement of Cash Flows in accordance with IAS/IFRS.
Prerequisites for admission
No specific prerequisites are required, except for a working knowledge of the main concepts and methods of general accounting.
Teaching methods
The course includes lectures, case study analysis, and practical exercises.
Teaching Resources
· Di Lazzaro F., Fabi T., Tezzon M. (a cura di), Principi contabili internazionali: temi e applicazioni, Giappichelli, Torino, 2023. ISBN: 9791221101102, pp. 560 (48 euro).
· Mancini C., Prencipe A., Tettamanzi P. (a cura di), Bilancio consolidato (Quinta edizione), Egea, Milano, 2021, ISBN: 978882383228, pp. 339 (29 euro).
· Quagli A., Gli standard dello IASB nel sistema contabile italiano, Giappichelli, Torino, 2023. ISBN: 9791221102956, pp. 464 (35 euro).
Slides and other materials will be made available on the course's MyAriel platform.
· Mancini C., Prencipe A., Tettamanzi P. (a cura di), Bilancio consolidato (Quinta edizione), Egea, Milano, 2021, ISBN: 978882383228, pp. 339 (29 euro).
· Quagli A., Gli standard dello IASB nel sistema contabile italiano, Giappichelli, Torino, 2023. ISBN: 9791221102956, pp. 464 (35 euro).
Slides and other materials will be made available on the course's MyAriel platform.
Assessment methods and Criteria
The final exam will be written and will cover the topics discussed in class and addressed in the textbooks.
The exam will consist of open-ended questions and multiple-choice or closed-ended questions, which may also include calculations and practical exercises.
The exam will consist of open-ended questions and multiple-choice or closed-ended questions, which may also include calculations and practical exercises.
SECS-P/07 - BUSINESS ADMINISTRATION AND ACCOUNTING STUDIES - University credits: 9
Lessons: 63 hours
Professor:
Angeloni Silvia
Professor(s)