Ideally, the course is divided into five parts.
1) Bookkeeping part:
• It concerns the calculation of earnings and book value following the Double Entry system;
• It focuses, essentially, on all the management operations for the calculation of earnings and book value following the Double Entry system.
2) Business economic part:
• It covers the fundamental principles expressed by the doctrine for the preparation and the presentation of annual report;
• It focuses, essentially, on the relationships between the objective of the financial reporting process and the accounting policies; on the calculation of the value in use and fair value less cost to sell and on various measures of capital.
3) Juridical part:
• It covers the actual discipline of the annual report prepared and presented by unlisted entities;
• It focuses, essentially, on the formal aspect of the annual report, as well as the substantial one according to the rules held in the Civil Code.
4) National and International Accounting standards’ part:
• It covers the most salient aspects of the National and International Accounting Standards (for the preparation and presentation of the annual report of both unlisted and listed entities), compared with our Civil code;
• It focuses, essentially, on accounting policies of tangible and intangible assets, current assets and provisions.
5) Fiscal part
• It concerns, essentially:
• a) the method of calculation of taxable income and related taxes;
• b) the issue of deferred taxes and advance.