2020/2021

2020/2021

DM270

IUS/04 (COMMERCIAL LAW)

DEPARTMENT OF ECONOMICS AND MANAGEMENT

BUSINESS MANAGEMENT

PERCORSO COMUNE

1°

1st semester (28/09/2020 - 22/12/2020)

6

44 lesson hours

Italian

ORAL TEST

PORTALUPI ANTONELLA (titolare) - 2 ECTS
CAPPATO PATRIZIA - 2 ECTS
RICUCCI FRANCESCO - 2 ECTS

Objectives and key learning points
The course focuses on the analysis of the financial reporting communication and its transparency as a necessary condition for the effectiveness of the market functioning.
The course also includes the role of financial reporting (and non financial) also during extraordinary transactions or events different from the ordinary management of the business.
It also analyses the valuation process of the financial reporting transparency usually performed during an audit. A particular focus is placed on the valuation of the internal control system according to the current referring standards and methodologies.The overview of internal control system will be followed by an illustration and examples of business processes.

Course agenda
Introduction to the course.
The Financial Reporting Supply Chain and the process to create and communicate economic and financial information - who is involved, users, stakeholders and models.
Listed companies communication- the communication role of the financial statements - pro forma financial statements - integrated report.
Transparency and audit, Statutory audit and its relevant phases - Internal control system, definition, internal control components, and referring methodology -internal control activities related to some business processes.
Financial information supporting the stakeholders during extraordinary transactions - Auditor's assurance: introduction and overview -the role of financial communication during the business life -Extraordinary transactions: distribution of dividend payments -issue of shares with the exclusion of option rights -member withdrawal -conferring company, company transfer, merger -IPO/OPA - due diligence and covenants.

In presence if this is allowed by the health situation; alternatively, the lessons/exercises will be carried out only partially in presence, allowing students who are not present to benefit from them through IT tools