This course intends to examine the issues related to the preparation of financial statements in the context of privately held firms, publicly held corporations and government controlled organizations. It will focus in particular on the adoption of IFRS.
This course intends to provide students with a comprehensive coverage of international financial reporting issues, starting from the interaction between accounting and its environment and accounting harmonization. A large portion of the lessons will be devoted to international accounting institutions and particularly to the International Accounting Standards Board (IASB). The course will examine the rules issued by the European Union to endorse the IFRS. Moreover, the IASB Framework, IAS 1 and the main standards for the preparation of individual and consolidated financial reports will be explained.