The course aims to investigate the consolidated financial statements by analyzing the drafting process, its ability to represent the economic, financial and equity situation of a corporate group and the interpretation of its values. The preparation of the consolidated financial statements is studied with reference to Italian law, national and international accounting standards. At the end of the course the student will be able to prepare, read and interpret the consolidated financial statements.
At the end of the course the student will have acquired:
(1) Knowledge and ability to understand: know the phenomenon of the corporate group and the main motivations that support it; know the possible consolidation theories that inform the preparation of the consolidated financial statements; draw up and interpret the consolidated financial statements , in particular in relation to the specific items that characterize it.
(2) Ability to apply knowledge and understanding: to be able to draw up the consolidated financial statements starting from the financial statements of the companies that make up the corporate group, identifying the consolidation area, homogenizing these financial statements and proceeding with their consolidation; to determine and interpret the specific items relating to consolidation differences and minority interests; to represent specific group policies in the financial statements, such as intra-group transactions and equity leverage.
(3) Autonomy of judgment: ability to analyze and interpret the data of the consolidated financial statements together with the financial statements of the parent company, to better evaluate the policies of the companies, and the income and capital of a corporate group.
(4) Communication skills: although this course does not foresee specific activities aimed at developing communication skills, the student will be able to operate within heterogeneous teams work, highlighting the peculiarities and differences of the business analysis and financial perspective with respect to the other human and social sciences. The student will also be able to express considerations on the more complex financial statement.
(5) Learning skills: the critical-conceptual content of course promotes the deepening of every possible accounting issue in big firm and also in several contexts.