Università Roma Tre

Specific topics face during the course: risk definition, the accountant’s mission in risk control, risk management, business and strategic risks, operational risks, financial risks, credit risks, liquidity risks, insurance risk and other risks. The Italian jurisdiction about financial statements (code civil and IAS/IFRS). The introduction of IAS/IFRS in Italy, substance over form, fair value, presentation of financial statements, risk disclosure financial instruments: recognition and measurement; fair value option, derecognition of a financial asset, hedge accounting, the transition from IAS 39 to IFRS 9. Specific topics: securitization, forfaiting, factoring, leasing. Specific issues regarding insurance companies, Related party disclosure. Enterprise risk management, internal control, control and risk self-assessment. Telecom case study. Selected topics. Analysis of financial statements of industrial, banking and insurance

Academic materials are available on internet or will be distributed or indicated during the lessons.
Further consultations: 1) S. Beretta, Valutazione dei rischi e controllo interno; 2) Chorafs D.N., IFRS, Fair Value and Corporate Governance. The Impact on Budgets, Balance Sheets and Management Accounts, Elsevier, Oxford, 2006; 3) Pucci S., L’iscrizione nel bilancio delle società quotate delle operazioni di copertura del rischio finanziario, Giappichelli, Torino, 2010; 4) M. Tutino-M. Venuti, Fair value accounting e strumenti finanziari, Cedam, 2016