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
scheda docente materiale didattico
INTRODUZIONE
The stakeholders and the company’s disclosure (financial statements and sustainability information)
Governance and Risk Disclosure
DEFINIZIONE E CATEGORIE DI RISCHIO, 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,
ANALISI DEI RISCHI NON FINANZIARI
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
ANALISI DEI RISCHI ATTRAVERSO LA LETTURA DEI BILANCI
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
Programma
Temi trattati durante le lezioni:INTRODUZIONE
The stakeholders and the company’s disclosure (financial statements and sustainability information)
Governance and Risk Disclosure
DEFINIZIONE E CATEGORIE DI RISCHIO, 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,
ANALISI DEI RISCHI NON FINANZIARI
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
ANALISI DEI RISCHI ATTRAVERSO LA LETTURA DEI BILANCI
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
Testi Adottati
I docenti metteranno a disposizione sul sito web le slides e le fonti utilizzate durante le lezioniModalità Erogazione
Il corso si svolge nel secondo semestre. Le lezioni si terranno, di norma, in presenza. Sono previste lezioni, esercitazioni e casi studio presentati da professionisti e discussi in aula con i docenti. Nel caso di un prolungamento dell'emergenza sanitaria da COVID-19, si seguirà la regolamentazione prevista con riferimento all'erogazione dell'attività didattica e degli esami. Si consiglia inoltre di consultare regolarmente i canali informativi istituzionali predisposti dall'Ateneo per essere tempestivamente informati delle misure di emergenza in vigore.Modalità Frequenza
La frequenza al corso è facoltativa. Il docente fornirà sul sito slides ed esercitazioni presentate in aula. Tuttavia, la frequenza consente una comunicazione dialogica, che è utile per una comprensione e un apprendimento più profondi e sedimentati.Modalità Valutazione
L'esame prevede due parti. 1.Presentazione di un'analisi di caso studio concordata con i docenti (cioè come un'azienda i propri rischi attraverso il bilancio e altri reporting aziendali). 2. Prova orale sul programma del corso scheda docente materiale didattico
pecific 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,
Academic materials are available on Professors’ web page. Other material will be distributed or indicated during the lessons.
Mutuazione: 21210098 RISK AND ACCOUNTING in Finanza e impresa LM-16 DEMARTINI PAOLA, Venuti Marco
Programma
- Il corso è in inglesepecific 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,
Testi Adottati
Il corso è in Inglese.Academic materials are available on Professors’ web page. Other material will be distributed or indicated during the lessons.
Modalità Erogazione
-Modalità Frequenza
-Modalità Valutazione
- scheda docente materiale didattico
INTRODUZIONE
The stakeholders and the company’s disclosure (financial statements and sustainability information)
Governance and Risk Disclosure
DEFINIZIONE E CATEGORIE DI RISCHIO, 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,
ANALISI DEI RISCHI NON FINANZIARI
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
ANALISI DEI RISCHI ATTRAVERSO LA LETTURA DEI BILANCI
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
Programma
Temi trattati durante le lezioni:INTRODUZIONE
The stakeholders and the company’s disclosure (financial statements and sustainability information)
Governance and Risk Disclosure
DEFINIZIONE E CATEGORIE DI RISCHIO, 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,
ANALISI DEI RISCHI NON FINANZIARI
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
ANALISI DEI RISCHI ATTRAVERSO LA LETTURA DEI BILANCI
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
Testi Adottati
I docenti metteranno a disposizione sul sito web le slides e le fonti utilizzate durante le lezioniModalità Erogazione
Il corso si svolge nel secondo semestre. Le lezioni si terranno, di norma, in presenza. Sono previste lezioni, esercitazioni e casi studio presentati da professionisti e discussi in aula con i docenti. Nel caso di un prolungamento dell'emergenza sanitaria da COVID-19, si seguirà la regolamentazione prevista con riferimento all'erogazione dell'attività didattica e degli esami. Si consiglia inoltre di consultare regolarmente i canali informativi istituzionali predisposti dall'Ateneo per essere tempestivamente informati delle misure di emergenza in vigore.Modalità Frequenza
La frequenza al corso è facoltativa. Il docente fornirà sul sito slides ed esercitazioni presentate in aula. Tuttavia, la frequenza consente una comunicazione dialogica, che è utile per una comprensione e un apprendimento più profondi e sedimentati.Modalità Valutazione
L'esame prevede due parti. 1.Presentazione di un'analisi di caso studio concordata con i docenti (cioè come un'azienda i propri rischi attraverso il bilancio e altri reporting aziendali). 2. Prova orale sul programma del corso scheda docente materiale didattico
pecific 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,
Academic materials are available on Professors’ web page. Other material will be distributed or indicated during the lessons.
Mutuazione: 21210098 RISK AND ACCOUNTING in Finanza e impresa LM-16 DEMARTINI PAOLA, Venuti Marco
Programma
- Il corso è in inglesepecific 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,
Testi Adottati
Il corso è in Inglese.Academic materials are available on Professors’ web page. Other material will be distributed or indicated during the lessons.
Modalità Erogazione
-Modalità Frequenza
-Modalità Valutazione
-