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82008 - Consolidated Financial Statements (Laboratory)

Academic Year 2024/2025

                
                        Docente:
                        Giacomo Ramenghi
                    
                        Credits:
                        2
                    
                        SSD:
                        SECS-P/07
                    
                        Language:
                        Italian
                    
                        Teaching Mode:
                        Traditional lectures
                        
                            Campus:
                            Bologna
                        
                            Corso:
                            Second cycle degree programme (LM) in
                            Economics, Consultancy and Accounting (cod. 5981)

                            Teaching resources on Virtuale
                        
                                    Course Timetable
                                
from Sep 17, 2024 to Oct 17, 2024

Learning outcomes

At the end of the laboratory, the student knows how to conduct the audit of the consolidated balance sheet; knows how to perform control functions of accounting documents and company trends required of the member of the board of auditors.

Course contents

"THE CONSOLIDATED FINANCIAL STATEMENTS"
1. The Consolidated Financial Statements and the Corporate Group concept
2. The areas of use of the Consolidated Financial Statements: accounting information, management control, strategic planning
3. The determination of the consolidation area
4. The integral consolidation method. The construction of the aggregate
5. The process of eliminating controlling interests and the accounting treatment of positive and negative cancellation differences. The PPA in the consolidated financial statements
6. The information (including management information) inferable from the analysis of the cancellation differences
7. The elimination of economic and patrimonial items between Group companies
8. Elimination of intra-group profits and losses
9. The Consolidated Financial Statements in the national (OIC) and international (IFRS) accounting standards: differences and similarities

10. Similarities of the Consolidated Financial Statements with merger transactions and business combination (IFRS 3)
10. Consolidated Balance Sheet Control, Some Practical Examples

Readings/Bibliography

Italian Accounting Principles OIC

International Accounting Principles IAS/IFRS

Material provided by the teacher

Teaching methods

Frontal lessons with classroom discussions and presentation of specific cases and examples

Assessment methods

The final exam is a written test, lasting sixty minutes, and consists of two open questions.

Both questions concern topics covered during the lessons, one is of a theoretical descriptive nature, the other refers to the more strictly accounting aspects.

The outcome of the exam is represented by the suitability or otherwise for passing the course.

Teaching tools

Slides made available for each lesson, shared files

Office hours

See the website of Giacomo Ramenghi