Corso di studio in Professioni Contabili

Consolidated Financial Statements

Consolidated Financial Statements

Anno accademico 2013/2014

Sommario insegnamento

• Obiettivi formativi
• Risultati dell'apprendimento attesi
• Programma
• Testi consigliati e bibliografia
• Note
• Strumenti didattici

Obiettivi formativi

This course aims at developing advanced skills required to interpret, analyze and assess financial information presented in Consolidated Financial Statements prepared according to IFRS.

Risultati dell'apprendimento attesi

Key competences

1) Knowledge and understanding ability.

Students will be able to understand and gain knowledge about the regulatory and professional requirements related to the preparation and presentation of Consolidated Financial Statements

2) Capability to apply knowledge and understanding

Students will be able to analyse and interpret the Consolidated financial statements of groups with particular reference to listed companies and multinational groups.

3) Capability to approach the subject in a critical manner

Students will be able to gain consistent knowledge in order to identify key influencing factors in assessing groups' financial performance.

4) Communication abilities

Ability to handle and communicate useful information related to the preparation of Consolidated Financial Statements according to IFRS.

5) Learning ability

Successful learning will be linked to a deep understanding of groups' structure and strong knowledge according to the regulatory and professional requirements needed in the preparation and presentation of Consolidated Financial Statements.

Further information

The successful preparation of this course relies on a deep knowledge of consolidation techniques and principles used to prepare Consolidated Financial Statements. 
The exam consists in: 
- a written test with open questions; 
- an individual or group case assignment, related to an analysis of one Consolidated Financial Statements IAS/IFRSs. Further details regarding the assignment will be communicated at the beginning of the course and published on Klips. 
The final mark is the average between the mark achieved in the written test and the assignment mark.

Programma

Contents

This course presents main issues related to the preparation and the contents of Consolidated Financial Statements prepared according to IAS/IFRS. 
Course outline: 
Presentation of consolidated financial statements 
Scope of consolidated financial statements 
Identifying control 
Advanced Issues in the Preparation of Consolidated Financial Statements: 
Consolidation requirements and procedures 
Treatment of minority interests 
Potential voting rights 
Reporting dates (coterminous and non-coterminous) 
Investments in Associates (Determining "significant influence") 
Application of the equity method of accounting 
Parties in joint ventures (Determining joint control) 
Identification and accounting for each type of joint venture 
Increases and decreases of interests in subsidiaries without change of control: 
Acquisition in stages 
Disposal of subsidiaries 
Consolidating subsidiaries held for sale 
Consolidating a foreign operations 
Accounting for subsidiaries, associates and jointly controlled entities in the separate financial statements 
The first financial statements prepared with IAS/IFRSs 
Consolidated Financial Statements analysis: ratios and cash flows analysis 
The different topics will be examined using exercises, simulations and real cases from listed groups.

Teaching notes will be given by the teacher 
Exercises, simulations and real cases are available on www.klips.it.

Note

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