Programme

The course focuses on the relationship between financial statements and risk management with the aim of putting the students in the condition to evaluate the way that related company decisions are made and presented.
This course moves from the idea that financial statements are a mean to communicate the overall state of heath of the company and provide useful information regarding the measurement of different kinds of risks.
In this view the purpose of the course is to assist students in analysis of the financial information published by the companies in a way to understand the company prospective in the light of existent specific risks and how they are managed
Specific topics covered during the course:
- the investor and the financial statements,
- risk definition,
- the accountant’s mission in risk control,
- risk management,
- business and strategic risks,
- operational risks,
- financial risks,
- credit risks,
- liquidity risks,
- insurance risk and other risks,
- the European jurisdiction about financial statement,
- the European and Italian Jurisdiction about Financial Statements (Civil Code and IAS/IFRS),
- Directive 2013/34/EU,
- Legislative Decree 139/2015,
- the Italian jurisdiction about financial statements (Civil Code and IAS/IFRS),
- the introduction of IAS/IFRS in Italy,
- substance over form,
- fair value,
- presentation of financial statements,
- risks disclosure
- financial instruments: recognition and measurement; fair value option, derecognition of financial assets and financial liabilities, hedge accounting,
- leasing,
- specific issues regarding insurance companies,
- related party disclosure,
- revenue from contracts with customers,
- enterprise risk management,
- internal control,
- control and risk self-assessment,
- selected topics,
- analysis of financial statements of industrial, banking and insurance,
- non-financial information.

Core Documentation

Academic materials are available on internet or will be distributed or indicated during the lessons.

Attendance

The course takes place in the second semester (from 26/02/2019 to 31/05/2019) The lessons will be held on Tuesday, Friday and Saturday from 8.30 to 10.30.

Type of evaluation

For the students who have attended the lessons the Examination is organized in two parts: 1.Presentation of case analysis (how a company communicates a specific kind of risk) 2. Writen Test For the students who have not attended the lessons the Examination is provided a: 1. Writen Test