The corporate groups are a widespread phenomenon in the current economy, both in Italy and in the rest of the world, and they concern every company size, form large to small enterprises. It is necessary for a student to understand the reasons of the diffusion of groups of companies and to interprete their business and financial conditions.
The course aims at developing the capabilities to identify the reasons for the creation of corporate groups, their probelms in terms of corporate governance, and their legal and accounting regulation, with a particular attention paid to their consolidated financial statements.
Frontal lessons, class discussions, case analyses.
- Corporate groups in the dynamic of business relationships: reasons, pros and cons
- The concept of control
- Majorities and minorities: from cooperation to conflict
- The consolidated financial statements: accounting regulation
- Consolidation of subsidiaries: requirements and procedures
- The inclusion of associates and joint ventures into the consolidated financial statement
- Increases and decreases of interests in subsidiaries without change of control
- Accounting impact of changes in the composition of corporate groups
- Analysis of a consolidated financial statement
- Documents and other materials provided by the teacher and available on the website.
- Consolidated Financial Statements: An International Perspective, Mfandaidza Reuben Hove, Juta and Company Ltd, 2006
Ricevimento: Dipartimento di Economia - II livello - studio 2005 Telefono: (+39) 010209 - 5085 Email: alberto.quagli@economia.unige.it Orario ricevimento: Martedì: ore 16.0
ALBERTO QUAGLI (President)
ELISA RONCAGLIOLO
The course will start according to the general teaching programme issued by the Department of Economics.
The final exam is composed of a written assessment (regarding both theory and cases), and an oral part starting from a brief analysis prepared by the student on a real example of consolidated financial statement of an European company.
Students have to demonstrate a good understanding of the drivers of the groups creation, the problems posed to corporate governance mechanisms, and the legal and accounting regulation of these groups. In particular, the students of the course have to be able to debate the specifities of a consolidated financial statements and to know how to build this company report.
