OVERVIEW

Corporate groups are a widespread phenomenon in the current economy, from large, listed groups to small family businesses. It is crucial for the students the understanding of the reasons of the diffusion of groups of companies and the interpretation of 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 problems 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, to read, and to interpret 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 available protections for minorities.

AIMS AND LEARNING OUTCOMES

Expected Learning Outcomes
• Knowledge and Understanding:
Students must acquire knowledge of tax regulations and the related application issues pertaining to the determination of corporate income taxes.
• Ability to Apply Knowledge and Understanding:
Students must be able to apply the acquired knowledge to understand and resolve the main issues related to tax determination. Specifically, students should be able to determine corporate income taxes based on the knowledge of management activities.
• Autonomy of Judgment:
Students must be able to assess the relevance of the provided information for determining corporate income taxes.
• Communication Skills:
Students must acquire the technical language typical of the discipline to communicate clearly and unambiguously with both specialists and non-specialists.
• Learning Ability:
Students must develop adequate learning skills that enable them to stay updated in a constantly evolving discipline, as well as to pursue further in-depth studies in the professional contexts in which they will operate.

PREREQUISITES

The course necessarily requires a recall of many concepts from the General Accounting and Tax Law courses of the Bachelor's degree program.

TEACHING METHODS

Traditional formats (lectures) and interactive methods based on discussion and analysis of case studies

Students who have valid certification of physical or learning disabilities  and who wish to discuss possible accommodations or other circumstances regarding lectures, coursework and exams, should speak both with the instructor and with Professor Serena Scotto (scotto@economia.unige.it), the Department’s disability liaison

SYLLABUS/CONTENT

Technical and practical analysis of income taxes;

- Basic concepts of tax income components;

- How to calculate taxable income (e.g. remuneration paid to Directors, maintenance costs, tax losses carried forward, interest expenses, leasing instalments, tax concessions for Economic Growth Aid, dividends, non-current assets, inventories, construction contracts, rent income, entertaining expenses, capital gains, contributions, financial assets, receivables, etc.);

- Compiling tax returns;

- Deferred tax assets and liabilities.

RECOMMENDED READING/BIBLIOGRAPHY

Lessons and basic materials are in Italian as the topic specifically concerns Italian Civil Code and Italian tax legislation

TEACHERS AND EXAM BOARD

LESSONS

LESSONS START

The course is in the first semester, and it will start according to the general teaching programme issued by the Department of Economics.

Class schedule

The timetable for this course is available here: Portale EasyAcademy

EXAMS

EXAM DESCRIPTION

Written exam

ASSESSMENT METHODS

The final exam is based on a written assessment (regarding both theory and case studies)

FURTHER INFORMATION

The office hours will be published by the teacher in charge on the Aulaweb page of the course following the appointment (published after July 2025).

Expected learning outcomes Knowledge and understanding Students must acquire adequate knowledge and an effective ability to understand the rules governing the preparation of consolidated financial statements. Ability to apply knowledge and understanding Students must be able to apply the knowledge acquired to prepare a financial statement according to the rules of international accounting principles. Autonomy of judgment Students must be able to judge the relevance of the information necessary for the preparation of a financial statement according to the IAS/IFRS rules. Communication skills Students must acquire the technical language typical of the discipline to communicate clearly and unambiguously with specialist and non-specialist interlocutors. Learning skills Students must develop adequate learning skills that allow them to continue to independently study the main topics of the discipline, especially in the work contexts in which they will operate. Additional information for non-attending students There are no differences in the program, study material and exam procedures between attending and non-attending students. Upon request of the non-attending student, additional or substitute materials may be recommended.