With reference to the general objectives of the CdS, the teaching pursues significant aspects of the business and organizational dynamics of the companies that join together. The goal is to provide knowledge and techniques related to the preparation of the consolidated financial statements, included in the financial communication of the groups of companies. Through the study of the principles and techniques of drafting, the course wants to transmit the theoretical and applicative bases regarding the consolidated financial statements of unlisted groups, governed by Legislative Decree no. 127/1991 and subsequent amendments, and from the evolution of the European accounting directives.
At the end of the course the student must possess skills related to the general principles of drafting, knowledge regarding the content of individual documents that make up the consolidated financial statements and the problems of identifying the area and consolidation methods, and then dwell on the uniformities necessary for proceed with the consolidation of the data of a group, in terms of dates, financial statements, currency of presentation of the document and evaluation criteria of the items. The objective is to contribute to the training of a professional figure in charge of accounting and management of operational problems related to the application and analysis of the consolidation principles in concrete business realities, both as an internal profile and as a consultant.
At the end of the course the student will be able to:
KNOWLEDGE AND UNDERSTANDING CAPACITY
- analyze the processes of homogenisation of the balance sheet values;
- apply the general principles according to the logic of the consolidated financial statements;
- includes the accounting policies of the consolidated financial statements and applies the general drafting principles;
- draw up the consolidated balance sheet, the consolidated income statement, the consolidated cash flow statement, the consolidated explanatory note and
all documents required and recommended by the national accounting standard OIC 17;
- recognize the area and methods of consolidation;
- identifies the distinctive characteristics of the corporate groups, the relationships of dependence between companies, the types of participation;
- reads a corporate group structure;
- places the investments in the financial statements for the year;
- distinguishes the cases of exemption from the obligation to draw up the consolidated financial statements;
- determines the area and typical consolidation operations by identifying the integral method, the equity method and the proportional method;
- prepares the consolidated financial statements according to national and international accounting standards.
- read and interpret the consolidated financial statements by examining the performance of any economic reality organized as a corporate group.
- evaluates the investments held with the adjusted cost method;
- critically interprets and analyzes the opportunities and constraints of business combinations;
- It distinguishes the types of control and the dynamics relating to groups and business combinations;
- Identify and distinguish the management and coordination activity, the methods of establishment, the advantages and disadvantages of the group structure;
- reads and interprets the consolidated financial statements according to national and international principles;
It expresses in an oral form analytical and synthesis considerations on the fundamental aspects of the discipline and carries out interdisciplinary links.