This course prepares students with a broad set of accounting/business vocabulary and develop students' ability to understand, prepare, and compare financial reports.

Knowledge and understanding: The student, by participating in the lectures and practical activities of the course, will have developed the ability to understand and prepare financial reports. Moreover, she would have developed competences in financial analysis. At the end of the course there will be a written test aimed at verifying the acquired skills. Applying knowledge and understanding: The student, acquiring the correct tools and method, will be able to prepare and understand financial reports, but also carry out practical projects. Specifically, the student will have the opportunity to apply the acquired knowledge in analyzing real-world companies. Making judgements: The student, using the methodologies acquired during the course, will have acquired problem analysis skills and the ability to identify the information necessary for their analysis. Specifically, problem solving, self-management, teamwork, relationship and communication skills will be adequately developed, which enhance and make their analytical skills more usable. Communication skills: At the end of the course the student will be able to use a broad vocabulary of financial reporting. Through the various activities that will take place during the course, lessons with discussion, written tests, workshops, the student will be able to put these communication skills into practice, thus gaining rhetorical skills necessary for her professional career. Learning skills: The knowledge acquired during the course will allow the student to autonomously understand and interpret financial reports and adapt them to specific contexts. The student will develop a solid knowledge of the fundamental aspects of the subject that will allow her to continue to deepen the topics addressed independently and to undertake the various post-graduate professional training courses.

1 Financial statements and business decisions 2 Investing and financing decisions and the accounting system 3 Operating decisions and the accounting system 4 Adjustments, financial statements, and the quality of earnings 5 Communicating and interpreting accounting information 6 Reporting and interpreting sales revenue, receivables, and cash 7 Reporting and interpreting cost of goods sold and inventory 8 Reporting and interpreting property, plant, and equipment; intangibles; and natural resources 9 Reporting and interpreting liabilities 10 Reporting and interpreting bond securities 11 Reporting and interpreting stockholders’ equity 12 Statement of cash flows

Mandatory: Robert Libby, Patricia A. Libby, and Frank Hodge. ISE Financial Accounting, 10th/11th Edition. McGraw Hill Education, 2020/2023. ISBN: 9781260565430/9781398921801

Frontal lectures. In-class exercises. Online tutorial sessions. Practical teamwork.

Attending students: Attendance, 10%. Midterm exam, 30%. Group project, 20%. Final exam, 40%. Non-attending students: Final exam, 100%. Detailed rules are available on the course's Luiss Learn site.

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