CORPORATE REPORTING AND EXTRAORDINARY TRANSACTIONS
The course aims to introduce the student to the knowledge of both the main approaches and typologies of corporate reporting and the distinctive features of various extraordinary transactions. At the end of the course, the student will acquire knowledge about the various forms and actors of corporate reporting, especially the mandatory one, as well as on the strategic, accounting and tax profiles of acquisitions, mergers, demergers, spin-offs, business transfers and changes of legal form.
Expected learning outcomes
Knowledge and understanding
The student will demonstrate to know the main approaches and typologies of the corporate reporting and the distinctive features of various extraordinary transactions.
Applying knowledge and understanding
The student will demonstrate how to apply corporate reporting models that are suitable for individual concrete cases and to identify and apply the extraordinary transaction appropriate to the specific business needs.
The student will demonstrate the ability to formulate a critical judgment on the various corporate reporting models and to evaluate the implications - under organizational, accounting, legal and tax profiles - for the different typologies of extraordinary transactions.
The student will demonstrate the ability to communicate situations and/or problems and/or methodological tools both to specialists and to non-specialists.
Lifelong learning skills
The student will demonstrate the ability to link the theoretical knowledge acquired during the course to professional practice and to undertake further studies in relation to the solutions required by the new problems of theory and practice.
Formally none, but a good knowledge of the fundamentals of business administration, in particular as regards accounting and financial statement, facilitates the understanding of the topics.
First Part: Financial reporting
1. Corporate reporting
2. Corporate financial reporting
3. The tools of corporate financial reporting
4. The mandatory corporate financial reporting
5. The voluntary corporate financial reporting
6. From voluntary reporting to integrated thinking
Second Part: extraordinary transactions
1. Mergers and acquisitions
2. The demerger
3. The change of the legal form
The first part of the course deals with the theoretical approaches, actors, contents and tools of corporate reporting, with particular reference to the mandatory one. In the second part of the course, the main theoretical and operational implications are analysed for each of the extraordinary transactions (acquisitions, mergers, and demergers, spin-offs, business transfers and changes of legal form).
The course is delivered through frontal lessons aiming to provide students with the basic knowledge of specific issues and lessons devoted to: the analysis of exemplifications; the discussion of case studies; exercises carried out by students, individually or in small groups.
Giacosa Elisa (2012), La comunicazione economico-finanziaria d'impresa, Giappichelli;
Fellegara Anna Maria et al. (2015), Livelli di disclosure e scelte di integrated reporting nelle grandi imprese italiane, FrancoAngeli;
Savioli Giuseppe (2012), Le operazioni di gestione straordinaria, Giuffrè
Learning objectives are assessed by written and oral final task. The written test has the specific purpose of verifying the degree of learning of the accounting implications associated with extraordinary transactions. The oral test aims to verify the degree of knowledge of the theoretical approaches, actors, contents and tools of corporate reporting, in particular the mandatory one, as well as the theoretical bases and the methods of implementing the extraordinary operations.
Only for attending students, it will be possible a task during the course, with the same features as the final test, with only a part of the topics discussed.
Slides with additional material will be provided during the course and published on the teacher's webpage