Preheat the oven to 375 degrees. Spray a 9-inch round pan with nonstick cooking spray then dust with flour. Set aside.
In a large bowl, combine dry ingredients and stir. In the bowl of a stand mixer add melted butter, eggs, vanilla, and almond extract. Beat until combined. Add in dry ingredients and stir until incorporated, then add in ricotta and chocolate chips.
Pour the batter into the prepared pan and bake for 40-50 minutes, or until a toothpick comes out clean.
For the frosting, whip the heavy cream to soft peaks. Add in the powdered sugar and whip. Add in the ricotta, vanilla, and almond extract and mix until combined and there aren't any lumps.