Università Roma Tre

Specific topics covered during the course:

INTRODUCTION
The stakeholders and the company’s disclosure (financial statements and sustainability information)
Governance and Risk Disclosure

TYPES OF RISKS, GOVERNANCE & RISK, RISK MANAGEMENT
Risk definition,
Governance & risk: the new code of Governance
The basic processes of Risk Management
Approaches, methods and techniques used to manage risk
The different kinds of risk
Strategic risks, operational risks, financial risks, credit risks, liquidity risks
Financial and Non-financial risks
Insurance risk and other risks,

RISKS ANALYSIS BY SUSTAINABILITY INORMATION
CSR and sustainaibility disclosure
environmental, social and governance (ESG) and climate change-related information
Non-financial statement: scope, content and publication, European Commission Action Plan
Non-financial key performance indicators and main standards
Specific topics: ITC, cyber security, compliance risks
Management and communication of an event risk: the Covid case

RISKS ANALYSIS BY FINANCIAL INFORMATION
The Italian jurisdiction about financial statements (Civil Code and IAS/IFRS),
structure of the Italian accounting systems, substance over form, fair value,
risks disclosure in financial statements: risks reports
Financial risks communication by financial instruments accounting
definition of financial instruments
recognition and measurement of financial instrument
expected loss model
derecognition of financial assets and financial liabilities,
Specific issues: securitization, repurchase agreements and securities lending transactions
derivatives and hedge accounting
Selected topics regarding insurance companies (layouts, measurement criteria, technical provisions, mathematical provisions, risks report)
Risk communication by lease accounting

Slides and links to other sources will be available on the website.

Specific topics covered during the course:
INTRODUCTION
- the stakeholders and the main company’s communication (financial statements and non financial information,
KINDS OF RISKS AND RISK MANAGEMENT (PAOLA?)
- risk definition,
The different kinds of risk
- business and strategic risks,
- operational risks,
- financial risks,
- credit risks,
- liquidity risks,
Non-financial risks
- insurance risk and other risks,
- Approaches, methods and techniques used to manage risk,
- Governance and Risk Management
- The Basic processes of Risk Management
- The risk management system: 1) risk identification and classification, 2) risk assessment and evaluation 3) monitoring and controlling activities
- internal control,
ERM (Enterprise Risk Management) and COSO model
CRSA (Control and Risk Self Assessment)

RISKS ANALYSIS BY NON-FINANCIAL INORMATION
CSR and sustainaibility
environmental, social and governance (ESG) information
Non-financial statement: scope, content and publication European Commission Action Plan
Non-financial key performance indicators and main standards
European Commission Action Plan
Specific topics: ITC, cyber security and climate-related information
Risk information: a study case

RISKS ANALYSIS BY FINANCIAL INFORMATION
- the Italian jurisdiction about financial statements (Civil Code and IAS/IFRS),
- Structure of the Italian accounting systems,
- substance over form,
- fair value,
- presentation of financial statements,
risks disclosure in financial statements: risks reports
- financial risks communication by financial instruments accounting
- definition of financial instruments
recognition and measurement of financial instrument
expected loss model
derecognition of financial assets and financial liabilities,
Specific issues: securitization, repurchase agreements and securities lending transactions
- derivatives and hedge accounting
- specific issues regarding insurance companies,
- management and communication of an event risk: the Covid case
- selected topics regarding insurance companies (layouts, measurement criteria, technical provisions, mathematical provisions, risks report)
Risk communication by lease accounting
analysis of financial statements of industrial, banking and insurance.

Il corso è in Inglese.
Academic materials are available on Professors’ web page. Other material will be distributed or indicated during the lessons.