B9124 - GESTIONE DELLA CRISI D'IMPRESA E RISANAMENTO

Learning outcomes

At the end of the course, students will acquire theoretical and practical tools to understand and manage financial distress situations, from timely crisis diagnosis to the development of recovery and turnaround plans. In particular, the course will provide competencies related to corporate crisis diagnosis, including organizational structures; analysis of the causes and types of crisis; development of recovery plans, through the tools provided by the Italian Crisis and Insolvency Code; planning and control of turnaround processes; and evaluation of the effects of turnaround. Through a theoretical-practical approach, the course will enable students to develop operational skills to effectively and consciously address and resolve business and financial crisis situations.

Course contents

Appropriate organizational, accounting, and administrative structures

Information flows for corporate governance

Economic, asset, and financial imbalances

Choosing the right crisis management tool

Principles for drafting recovery plans

Principles for certifying recovery plans

Negotiated Crisis Resolution

Crisis management tools

The impact of the Plans on the financial statements of the debtor, creditors, and other stakeholders

Examination of case studies and testimonials that will illustrate the topics covered

Readings/Bibliography

Italian Code of Business Crisis and Insolvency (relevant articles)

Italian Civil Code (relevant articles)

UnionCamere portal: https://composizionenegoziata.camcom.it/ocriWeb/#/home

Ministerial decree of September 28, 2021, as supplemented by Ministerial decree of March 21, 2023, containing the technical specifications for applying the legislation

Foundation of Accountants: research document examining the institute of out-of-court settlement and the role of the board of auditors (FNC research doc. 04.11.2021)

Foundation of Accountants: Principles for drafting recovery plans (FNC research doc. 05.26.2022)

Foundation of Accountants: Organizational, administrative, and accounting structures: civil law and business aspects (FNC research doc. 07.07.2023)

National Council of Chartered Accountants and Accounting Experts: Preventing and managing business difficulties - handbook for small and medium-sized enterprises (document dated 07.17.2023)

Foundation of Accountants: Organizational, administrative, and accounting structures: operational checklists (FNC research doc. 07.25.2023)

Foundation of Accountants: Principles for certifying recovery plans (FNC research doc. 05.08.2024)

Teaching methods

Frontal lesson with the aid of slides

Assessment methods

Learning is assessed through a single final exam, which verifies the acquisition of the expected knowledge and skills through an oral exam.

It is not possible to bring books, notes, or electronic devices into the exam room.

Registration for the exam is mandatory and students must register through AlmaEsami according to the general rules of the School of Economics, Management, and Statistics.

The final score is 30 points and the minimum passing score is 18/30.

Grades are as follows:

<18: insufficient

18-23: sufficient

24-27: good

28-30: excellent

30 and honors: outstanding

Teaching tools

Slides provided by the teacher

Office hours

See the website of Marco Tognacci