The course focuses on the relationship between governance, risk management and financial disclosure, 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, together with other reporting published by the companies (i.e. the sustainability reporting), are a mean to communicate the overall state of health 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 the financial of information published by the companies to understand the company’s financial results in the light of existent specific risks and how they are managed.
Curriculum
teacher profile teaching materials
INTRODUCTION
The stakeholders and the company’s disclosure (financial statements and sustainability information)
Governance and Risk Disclosure
TYPES OF RISKS, GOVERNANCE & RISK, RISK MANAGEMENT
Risk definition,
Governance & risk: the new code of Governance
The basic processes of Risk Management
Approaches, methods and techniques used to manage risk
The different kinds of risk
Strategic risks, operational risks, financial risks, credit risks, liquidity risks
Financial and Non-financial risks
Insurance risk and other risks,
RISKS ANALYSIS BY SUSTAINABILITY INORMATION
CSR and sustainaibility disclosure
environmental, social and governance (ESG) and climate change-related information
Non-financial statement: scope, content and publication, European Commission Action Plan
Non-financial key performance indicators and main standards
Specific topics: ITC, cyber security, compliance risks
Management and communication of an event risk: the Covid case
RISKS ANALYSIS BY FINANCIAL INFORMATION
The Italian jurisdiction about financial statements (Civil Code and IAS/IFRS),
structure of the Italian accounting systems, substance over form, fair value,
risks disclosure in financial statements: risks reports
Financial risks communication by financial instruments accounting
definition of financial instruments
recognition and measurement of financial instrument
expected loss model
derecognition of financial assets and financial liabilities,
Specific issues: securitization, repurchase agreements and securities lending transactions
derivatives and hedge accounting
Selected topics regarding insurance companies (layouts, measurement criteria, technical provisions, mathematical provisions, risks report)
Risk communication by lease accounting
Mutuazione: 21210098 RISK AND ACCOUNTING in Finanza e impresa LM-16 DEMARTINI PAOLA, Venuti Marco
Programme
Specific topics covered during the course:INTRODUCTION
The stakeholders and the company’s disclosure (financial statements and sustainability information)
Governance and Risk Disclosure
TYPES OF RISKS, GOVERNANCE & RISK, RISK MANAGEMENT
Risk definition,
Governance & risk: the new code of Governance
The basic processes of Risk Management
Approaches, methods and techniques used to manage risk
The different kinds of risk
Strategic risks, operational risks, financial risks, credit risks, liquidity risks
Financial and Non-financial risks
Insurance risk and other risks,
RISKS ANALYSIS BY SUSTAINABILITY INORMATION
CSR and sustainaibility disclosure
environmental, social and governance (ESG) and climate change-related information
Non-financial statement: scope, content and publication, European Commission Action Plan
Non-financial key performance indicators and main standards
Specific topics: ITC, cyber security, compliance risks
Management and communication of an event risk: the Covid case
RISKS ANALYSIS BY FINANCIAL INFORMATION
The Italian jurisdiction about financial statements (Civil Code and IAS/IFRS),
structure of the Italian accounting systems, substance over form, fair value,
risks disclosure in financial statements: risks reports
Financial risks communication by financial instruments accounting
definition of financial instruments
recognition and measurement of financial instrument
expected loss model
derecognition of financial assets and financial liabilities,
Specific issues: securitization, repurchase agreements and securities lending transactions
derivatives and hedge accounting
Selected topics regarding insurance companies (layouts, measurement criteria, technical provisions, mathematical provisions, risks report)
Risk communication by lease accounting
Core Documentation
Slides and links to other sources will be available on the website.Type of delivery of the course
The course takes place in the second semester. Lessons are supposed to be held in person. There will be lectures, exercises, case studies presented by professionals and discussed in the classroom by the teacher with the students. In the event of an extension of the health emergency from COVID-19, all the provisions governing educational activities will be implemented. In particular, the following methods of conducting exams can be applied: remotely via Microsoft Teams platform. It is also advisable to regularly view the institutional information channels prepared by the University to be promptly informed of the emergency measures in force.Attendance
Attendance of the course is optional. The teacher will provide on the website slides and exercises presented in the classroom. However, attendance allows for dialogic communication, which is useful for deeper and more sedimented understanding and learning.Type of evaluation
The exam includes two parts. 1.Presentation of a case analysis agreed with the teachers (i.e. how a company communicates its risks in the financial statements and in other reporting ). 2. Oral test on the course syllabus teacher profile teaching materials
INTRODUCTION
- the stakeholders and the main company’s communication (financial statements and non financial information,
KINDS OF RISKS AND RISK MANAGEMENT (PAOLA?)
- risk definition,
The different kinds of risk
- business and strategic risks,
- operational risks,
- financial risks,
- credit risks,
- liquidity risks,
Non-financial risks
- insurance risk and other risks,
- Approaches, methods and techniques used to manage risk,
- Governance and Risk Management
- The Basic processes of Risk Management
- The risk management system: 1) risk identification and classification, 2) risk assessment and evaluation 3) monitoring and controlling activities
- internal control,
ERM (Enterprise Risk Management) and COSO model
CRSA (Control and Risk Self Assessment)
RISKS ANALYSIS BY NON-FINANCIAL INORMATION
CSR and sustainaibility
environmental, social and governance (ESG) information
Non-financial statement: scope, content and publication European Commission Action Plan
Non-financial key performance indicators and main standards
European Commission Action Plan
Specific topics: ITC, cyber security and climate-related information
Risk information: a study case
RISKS ANALYSIS BY FINANCIAL INFORMATION
- the Italian jurisdiction about financial statements (Civil Code and IAS/IFRS),
- Structure of the Italian accounting systems,
- substance over form,
- fair value,
- presentation of financial statements,
risks disclosure in financial statements: risks reports
- financial risks communication by financial instruments accounting
- definition of financial instruments
recognition and measurement of financial instrument
expected loss model
derecognition of financial assets and financial liabilities,
Specific issues: securitization, repurchase agreements and securities lending transactions
- derivatives and hedge accounting
- specific issues regarding insurance companies,
- management and communication of an event risk: the Covid case
- selected topics regarding insurance companies (layouts, measurement criteria, technical provisions, mathematical provisions, risks report)
Risk communication by lease accounting
analysis of financial statements of industrial, banking and insurance.
Mutuazione: 21210098 RISK AND ACCOUNTING in Finanza e impresa LM-16 DEMARTINI PAOLA, Venuti Marco
Programme
Specific topics covered during the course:INTRODUCTION
- the stakeholders and the main company’s communication (financial statements and non financial information,
KINDS OF RISKS AND RISK MANAGEMENT (PAOLA?)
- risk definition,
The different kinds of risk
- business and strategic risks,
- operational risks,
- financial risks,
- credit risks,
- liquidity risks,
Non-financial risks
- insurance risk and other risks,
- Approaches, methods and techniques used to manage risk,
- Governance and Risk Management
- The Basic processes of Risk Management
- The risk management system: 1) risk identification and classification, 2) risk assessment and evaluation 3) monitoring and controlling activities
- internal control,
ERM (Enterprise Risk Management) and COSO model
CRSA (Control and Risk Self Assessment)
RISKS ANALYSIS BY NON-FINANCIAL INORMATION
CSR and sustainaibility
environmental, social and governance (ESG) information
Non-financial statement: scope, content and publication European Commission Action Plan
Non-financial key performance indicators and main standards
European Commission Action Plan
Specific topics: ITC, cyber security and climate-related information
Risk information: a study case
RISKS ANALYSIS BY FINANCIAL INFORMATION
- the Italian jurisdiction about financial statements (Civil Code and IAS/IFRS),
- Structure of the Italian accounting systems,
- substance over form,
- fair value,
- presentation of financial statements,
risks disclosure in financial statements: risks reports
- financial risks communication by financial instruments accounting
- definition of financial instruments
recognition and measurement of financial instrument
expected loss model
derecognition of financial assets and financial liabilities,
Specific issues: securitization, repurchase agreements and securities lending transactions
- derivatives and hedge accounting
- specific issues regarding insurance companies,
- management and communication of an event risk: the Covid case
- selected topics regarding insurance companies (layouts, measurement criteria, technical provisions, mathematical provisions, risks report)
Risk communication by lease accounting
analysis of financial statements of industrial, banking and insurance.
Core Documentation
Academic materials are available on Professors’ web page. Other material will be distributed or indicated during the lessons.Type of delivery of the course
The exam will be divided into parts: 1) the presentation and discussion of an essay/ report analyzing the corporate risk disclosure of a company selected by the teacher; 2) Written test on the course syllabus.Attendance
The exam will be divided into parts: 1) the presentation and discussion of an essay/ report analyzing the corporate risk disclosure of a company selected by the teacher; 2) Written test on the course syllabus.Type of evaluation
The exam will be divided into parts: 1) the presentation and discussion of an essay/ report analyzing the corporate risk disclosure of a company selected by the teacher; 2) Written test on the course syllabus. Each part contributes to the 50% of final rating of your exam is concerned teacher profile teaching materials
INTRODUCTION
The stakeholders and the company’s disclosure (financial statements and sustainability information)
Governance and Risk Disclosure
TYPES OF RISKS, GOVERNANCE & RISK, RISK MANAGEMENT
Risk definition,
Governance & risk: the new code of Governance
The basic processes of Risk Management
Approaches, methods and techniques used to manage risk
The different kinds of risk
Strategic risks, operational risks, financial risks, credit risks, liquidity risks
Financial and Non-financial risks
Insurance risk and other risks,
RISKS ANALYSIS BY SUSTAINABILITY INORMATION
CSR and sustainaibility disclosure
environmental, social and governance (ESG) and climate change-related information
Non-financial statement: scope, content and publication, European Commission Action Plan
Non-financial key performance indicators and main standards
Specific topics: ITC, cyber security, compliance risks
Management and communication of an event risk: the Covid case
RISKS ANALYSIS BY FINANCIAL INFORMATION
The Italian jurisdiction about financial statements (Civil Code and IAS/IFRS),
structure of the Italian accounting systems, substance over form, fair value,
risks disclosure in financial statements: risks reports
Financial risks communication by financial instruments accounting
definition of financial instruments
recognition and measurement of financial instrument
expected loss model
derecognition of financial assets and financial liabilities,
Specific issues: securitization, repurchase agreements and securities lending transactions
derivatives and hedge accounting
Selected topics regarding insurance companies (layouts, measurement criteria, technical provisions, mathematical provisions, risks report)
Risk communication by lease accounting
Mutuazione: 21210098 RISK AND ACCOUNTING in Finanza e impresa LM-16 DEMARTINI PAOLA, Venuti Marco
Programme
Specific topics covered during the course:INTRODUCTION
The stakeholders and the company’s disclosure (financial statements and sustainability information)
Governance and Risk Disclosure
TYPES OF RISKS, GOVERNANCE & RISK, RISK MANAGEMENT
Risk definition,
Governance & risk: the new code of Governance
The basic processes of Risk Management
Approaches, methods and techniques used to manage risk
The different kinds of risk
Strategic risks, operational risks, financial risks, credit risks, liquidity risks
Financial and Non-financial risks
Insurance risk and other risks,
RISKS ANALYSIS BY SUSTAINABILITY INORMATION
CSR and sustainaibility disclosure
environmental, social and governance (ESG) and climate change-related information
Non-financial statement: scope, content and publication, European Commission Action Plan
Non-financial key performance indicators and main standards
Specific topics: ITC, cyber security, compliance risks
Management and communication of an event risk: the Covid case
RISKS ANALYSIS BY FINANCIAL INFORMATION
The Italian jurisdiction about financial statements (Civil Code and IAS/IFRS),
structure of the Italian accounting systems, substance over form, fair value,
risks disclosure in financial statements: risks reports
Financial risks communication by financial instruments accounting
definition of financial instruments
recognition and measurement of financial instrument
expected loss model
derecognition of financial assets and financial liabilities,
Specific issues: securitization, repurchase agreements and securities lending transactions
derivatives and hedge accounting
Selected topics regarding insurance companies (layouts, measurement criteria, technical provisions, mathematical provisions, risks report)
Risk communication by lease accounting
Core Documentation
Slides and links to other sources will be available on the website.Type of delivery of the course
The course takes place in the second semester. Lessons are supposed to be held in person. There will be lectures, exercises, case studies presented by professionals and discussed in the classroom by the teacher with the students. In the event of an extension of the health emergency from COVID-19, all the provisions governing educational activities will be implemented. In particular, the following methods of conducting exams can be applied: remotely via Microsoft Teams platform. It is also advisable to regularly view the institutional information channels prepared by the University to be promptly informed of the emergency measures in force.Attendance
Attendance of the course is optional. The teacher will provide on the website slides and exercises presented in the classroom. However, attendance allows for dialogic communication, which is useful for deeper and more sedimented understanding and learning.Type of evaluation
The exam includes two parts. 1.Presentation of a case analysis agreed with the teachers (i.e. how a company communicates its risks in the financial statements and in other reporting ). 2. Oral test on the course syllabus teacher profile teaching materials
INTRODUCTION
- the stakeholders and the main company’s communication (financial statements and non financial information,
KINDS OF RISKS AND RISK MANAGEMENT (PAOLA?)
- risk definition,
The different kinds of risk
- business and strategic risks,
- operational risks,
- financial risks,
- credit risks,
- liquidity risks,
Non-financial risks
- insurance risk and other risks,
- Approaches, methods and techniques used to manage risk,
- Governance and Risk Management
- The Basic processes of Risk Management
- The risk management system: 1) risk identification and classification, 2) risk assessment and evaluation 3) monitoring and controlling activities
- internal control,
ERM (Enterprise Risk Management) and COSO model
CRSA (Control and Risk Self Assessment)
RISKS ANALYSIS BY NON-FINANCIAL INORMATION
CSR and sustainaibility
environmental, social and governance (ESG) information
Non-financial statement: scope, content and publication European Commission Action Plan
Non-financial key performance indicators and main standards
European Commission Action Plan
Specific topics: ITC, cyber security and climate-related information
Risk information: a study case
RISKS ANALYSIS BY FINANCIAL INFORMATION
- the Italian jurisdiction about financial statements (Civil Code and IAS/IFRS),
- Structure of the Italian accounting systems,
- substance over form,
- fair value,
- presentation of financial statements,
risks disclosure in financial statements: risks reports
- financial risks communication by financial instruments accounting
- definition of financial instruments
recognition and measurement of financial instrument
expected loss model
derecognition of financial assets and financial liabilities,
Specific issues: securitization, repurchase agreements and securities lending transactions
- derivatives and hedge accounting
- specific issues regarding insurance companies,
- management and communication of an event risk: the Covid case
- selected topics regarding insurance companies (layouts, measurement criteria, technical provisions, mathematical provisions, risks report)
Risk communication by lease accounting
analysis of financial statements of industrial, banking and insurance.
Mutuazione: 21210098 RISK AND ACCOUNTING in Finanza e impresa LM-16 DEMARTINI PAOLA, Venuti Marco
Programme
Specific topics covered during the course:INTRODUCTION
- the stakeholders and the main company’s communication (financial statements and non financial information,
KINDS OF RISKS AND RISK MANAGEMENT (PAOLA?)
- risk definition,
The different kinds of risk
- business and strategic risks,
- operational risks,
- financial risks,
- credit risks,
- liquidity risks,
Non-financial risks
- insurance risk and other risks,
- Approaches, methods and techniques used to manage risk,
- Governance and Risk Management
- The Basic processes of Risk Management
- The risk management system: 1) risk identification and classification, 2) risk assessment and evaluation 3) monitoring and controlling activities
- internal control,
ERM (Enterprise Risk Management) and COSO model
CRSA (Control and Risk Self Assessment)
RISKS ANALYSIS BY NON-FINANCIAL INORMATION
CSR and sustainaibility
environmental, social and governance (ESG) information
Non-financial statement: scope, content and publication European Commission Action Plan
Non-financial key performance indicators and main standards
European Commission Action Plan
Specific topics: ITC, cyber security and climate-related information
Risk information: a study case
RISKS ANALYSIS BY FINANCIAL INFORMATION
- the Italian jurisdiction about financial statements (Civil Code and IAS/IFRS),
- Structure of the Italian accounting systems,
- substance over form,
- fair value,
- presentation of financial statements,
risks disclosure in financial statements: risks reports
- financial risks communication by financial instruments accounting
- definition of financial instruments
recognition and measurement of financial instrument
expected loss model
derecognition of financial assets and financial liabilities,
Specific issues: securitization, repurchase agreements and securities lending transactions
- derivatives and hedge accounting
- specific issues regarding insurance companies,
- management and communication of an event risk: the Covid case
- selected topics regarding insurance companies (layouts, measurement criteria, technical provisions, mathematical provisions, risks report)
Risk communication by lease accounting
analysis of financial statements of industrial, banking and insurance.
Core Documentation
Academic materials are available on Professors’ web page. Other material will be distributed or indicated during the lessons.Type of delivery of the course
The exam will be divided into parts: 1) the presentation and discussion of an essay/ report analyzing the corporate risk disclosure of a company selected by the teacher; 2) Written test on the course syllabus.Attendance
The exam will be divided into parts: 1) the presentation and discussion of an essay/ report analyzing the corporate risk disclosure of a company selected by the teacher; 2) Written test on the course syllabus.Type of evaluation
The exam will be divided into parts: 1) the presentation and discussion of an essay/ report analyzing the corporate risk disclosure of a company selected by the teacher; 2) Written test on the course syllabus. Each part contributes to the 50% of final rating of your exam is concerned