The aim of the course is to provide an advanced and in-depth knowledge of the tools used for the preparation and processing of economic and financial information for the purpose of publishing company and group financial statements, both with reference to italian regulation and with reference to international accounting standards, essential knowledge for a master's degree in Business Economics.

At the end of the course the learner, in particular knows:

- Statutory regulations concerning company financial statements (with updates to Legislative Decree 139/2015) and Legislative Decree 127/91 for the preparation of the consolidated financial statements;

- Framework and IAS 1 for the preparation of the annual and consolidated financial statements;

- The evaluation of the individual balance sheet items according to international accounting standards and Italian regulation also according to Legislative Decree 139/2015;

- The process for the preparation of the consolidated financial statements, the consolidation procedures according to Italian and international accounting principles.

 Knowledge and understanding

The course aims to provide advanced knowledge of the financial statements and consolidated statement from an Italian and international perspective (according to IAS / IFRS accounting standards). Main differences between Italian Accounting Principle (OIC) and IAS/IFRS are a further aim of the course, as well as the critical issues and solutions adoptable in the representation and valuation of financial statement items and the related effects on the financial statement results.

The different informational scope of the consolidated financial statements and financial statements prepared in accordance with Italian and IAS /IFRS regulations is a learning objective of the course. The lectures, the cases presented in the classroom and the individual study of the teaching material allow the student to acquire these disciplinary skills, which are verified both during the written test (closed and open questions referred to both knowledge and understanding), both during the oral test by discussing a financial report prepared according to the IAS/IFRS.

Applying knowledge and understanding

 The course aims to train students with the advanced knowledge necessary for the preparation and interpretation of both the financial statements and the consolidated financial statements, according to both Italian accounting standard and IAS / IFRS standards. The case studies and the problem solving carried out by the teacher allow the student to acquire these skills. The skills are verified both during the written test (partly through the closed questions, but above all in the open question where the student is required to apply these abilities), and finally during the oral test by discussing a financial report drawn up according to the Ias / IFRS.

 Making judgments

 The course allows the student to acquire a gradual independence of judgment in particular in the comparison of financial statements drawn up according to national accounting standards and IAS / IFR, urges his / her ability to critically analyze and solve complex problems in terms of processing economic information -financial for both companies and groups operating nationally and internationally. The discussion of business cases and the oral test are moments of verification of autonomy of judgment.

 Communication skills

The student acquires the ability to express technically advanced concepts, with an appropriate language to interact with interlocutors with or without specialized knowledge on the subject, to communicate in a complete and effective way and with language properties. The interaction requested in the classroom by the teacher and the oral test represent moments of verification of the communication skills of the learners.

 Learning skills

The student is required to investigate particular issues already during the course by carrying out regulatory research and business cases independently, useful abilities especially in the future for updates on budgetary matters and consolidated financial statements required in professional paths, consultancy or advanced study paths.