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FINANCIAL REPORTING OF CORPORATE GROUPS

CODE 98647
ACADEMIC YEAR 2021/2022
CREDITS
  • 6 cfu during the 1st year of 8706 AMMINISTRAZIONE, FINANZA E CONTROLLO (LM-77) - GENOVA
  • 6 cfu during the nd year of 8706 AMMINISTRAZIONE, FINANZA E CONTROLLO (LM-77) - GENOVA
    		•
    SCIENTIFIC DISCIPLINARY SECTOR SECS-P/07
    LANGUAGE Italian
    TEACHING LOCATION
  • GENOVA
    		•
    SEMESTER 1° Semester
    TEACHING MATERIALS AULAWEB

    OVERVIEW

    Corporate groups are a widespread phenomenon in the current economy, from large listed groups to small family businesses. 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, considering the legal framework, with a particular reference to the preparation and interpretation of consolidated financial statements.

    AIMS AND CONTENT

    LEARNING OUTCOMES

    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. At the end of the course the student will be able to prepare, read, and intepret a consolidated financial statement according to the national Italian GAAP. During the course, the student will also understand the reasons of the creation of a business group, and the protections existing for minorities.

    PREREQUISITES

    It is necessary to have a good knowlegde of Financial Accounting and Commercial Law.

    TEACHING METHODS

    Frontal lessons, class discussions, case analyses, individual tasks.

    SYLLABUS/CONTENT

    - 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

    RECOMMENDED READING/BIBLIOGRAPHY

    - 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

    TEACHERS AND EXAM BOARD

    Exam Board

    ALBERTO QUAGLI (President)

    ELISA RONCAGLIOLO

    LESSONS

    LESSONS START

    The course will start according to the general teaching programme issued by the Department of Economics.

    Class schedule

    All class schedules are posted on the EasyAcademy portal.

    EXAMS

    EXAM DESCRIPTION

    The final exam is composed of a written assessment (regarding both theory and cases), and an oral part which starts from a brief analysis prepared by the student on a real example of consolidated financial statement of an European company.

    ASSESSMENT METHODS

    Students have to demonstrate a good understanding of the drivers for the group 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.

     

    Exam schedule

    Date Time Location Type Notes
    18/01/2022 14:30 GENOVA Scritto
    09/02/2022 14:30 GENOVA Scritto
    11/05/2022 16:00 GENOVA Scritto appello straordinario riservato esclusivamente ai laureandi a.a. 2020/21
    09/06/2022 12:00 GENOVA Scritto
    22/06/2022 14:30 GENOVA Scritto
    13/07/2022 12:00 GENOVA Scritto
    06/09/2022 14:30 GENOVA Scritto