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

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