Knowing how to read and interpret economic, asset and financial data enables even those roles that are not strictly administrative-accounting, to broaden their corporate vision to 360° and to accrue important assessments of the economic-financial balance, profitability, efficiency and managerial impacts of operational choices, on their own business but also on that of competitors, suppliers and clients.
The course aims to familiarize students with the techniques of reading and interpreting accounting data from financial statements: the data contained in the Balance Sheet, Income Statement and Notes will be the subject of analysis.
Methodology
The course alternates moments of traditional training with numerous exercises based on case studies.
Goals
- Analyze the objectives and purposes of financial statements through its accounting principles, its rules of construction, and its constituent financial statements
- Provide the key to interpreting financial statements by setting up reclassification schemes of accounting items from a financial and economic-management perspective
- To provide techniques and methods for interpreting financial statement data through related reading of individual financial statement line items and the information generated by reclassification schedules.
Program
- Economic, asset, financial and monetary management
- Obligations and regulatory references
- Accounting standards and rules for budgeting
- Outline and contents of the financial statements (Balance Sheet, Income Statement, Notes to the Financial Statements)
- Breakdown of the economic result for the year
- Reading the Financial Statements:
– reading and interpreting the data contained in the financial statements (Balance Sheet and Income Statement)
– information contained in the Notes to the Financial Statements - Interpretation of financial statement data:
– reclassification of the Balance Sheet using the financial criterion and the management criterion
– reclassification of the Profit and Loss Account using cost of sales and contribution margin - How to read and interpret “reclassified” balance sheet and income statement items.
