Teaching code

4S006193

Teacher

Paolo Farinon

Coordinator

Paolo Farinon

Credits

9

Language

Italian

Scientific Disciplinary Sector (SSD)

SECS-P/07 - BUSINESS ADMINISTRATION AND ACCOUNTING STUDIES

Period

Primo semestre LM dal Sep 30, 2024 al Dec 23, 2024.

Courses Single

Authorized

Lessons timetable Moodle Seminars 0

Learning objectives

The course aims at providing students with the knowledge related to the matters typically concerning the professional practice and to teach some elements of the organization and management of professional firms. In particular, the course is directed to provide a comprehensive knowledge of the following matters: 1) the economic, legal and fiscal implications of business combinations (M&S operations) extending at these complex topics the notions and concepts already assimilated during your studies. Moreover, the objectives of the teaching are to provide the student with the necessary competencies and capabilities to: a) autonomously individuate, in a specific given company situation, the operation that better met the objectives established by management; b) concretely realize the whole operation, considering the fiscal implications and the accounting impacts on the financial statements connected with the regulatory framework and the guidelines of the best national and international practice. 2) the different roles that can undertake the consultant in the context of the company’s business crisis, with reference to the procedures aimed at recovering the company’s going concern conditions. 3) the main aspects related to the organization and run of a professional firm, without omitting a brief analysis on the laws and regulations that discipline the accountant practice. To have the student aware of the concrete issues of the professional practice, the different topics and matters are developed also with the analysis of real business cases.

Prerequisites and basic notions

In order to have a better understanding of the topics covered, the student must have adequate knowledge of company accounting and the preparation of the financial statements.

Program

The course programme is the following:
Part 1 – Business combinations
• the acquisition of business operations
• the contribution of business operations into a company (newco or existing company)
• the merger
• the scission
• the business combinations under the IAS/IFRS
• the transformation of a company
• the liquidation of a company
Part 2 - The role of the professional on the business crisis
• the role of the professional on the bankruptcy procedures;
• the professional as advisor of the company in financial issues;
• the audit report (“certification”) that a professional is required to produce in the context of the procedures aimed at recovering the going concern conditions of a company
Part 3 – The professional practise and the professional firm
• brief notes on the main regulations concerning the professional practice;
• brief notes on the organization and run of a professional firm.

Bibliography

Didactic methods

The teaching methods consist of face-to-face lectures for transmitting basic notions, key categories, fundamental application tools, and exercises to implement theoretical knowledge.
The content of the textbooks and the lectures and tutorials delivered in the classroom adhere to the syllabus.
Other teaching material is available on the e-learning platform of the course.
The syllabus and study materials are the same for attending and non-attending students.

Learning assessment procedures

The exam procedures applied to check the student’s knowledge are based on a written test that can be eventually integrated by an oral exam, at the student's discretion.
The duration of the written test is one hour and forty-five minutes.
The exam does not discriminate between students that attend the course and self-taught students.

Evaluation criteria

The written test is valued on a scale of 1 to 30 and relates to the entire course programme.
As far as the Part 1 (business combinations) is concerned, the written test includes two sections, that are organizes as follows:
- the first section is composed of multiple-choice questions; the assessment is aimed at verifying the student’s knowledge on the legal, economic and fiscal implications of the business combinations;
- the second section is based on the methodological implementation of the acquired knowledge on a specific business combination; the student is required to develop the evaluation and accounting representation of the given business combination; this section is aimed at verifying the specific knowledge and skills of the student on the different operating implications of the business combinations.
For the Parts 2 and 3, the exam includes an open question; the assessment is aimed at verifying the knowledge of these Parts and the critical and judgement skills of the student.
The oral exam – which is optional on student’s request if the written test has been passed with a grade higher than 24/30 - is aimed at verifying the communications skills of the student. In particular, the oral exam intends to check:
- depth and extension of the concepts learned by the student;
- command of language in the explanation of concepts and notions;
- ability to link in a systematic manner the acquired knowledge.

Criteria for the composition of the final grade

The overall mark of the written test is given by the sum of the score, expressed in 30 hundredths, for the individual questions that compose it, according to the following distribution:
- maximum 7 points for the first question of Part 1;
- maximum 18 points for the second question of Part 1;
- maximum 5 points for Parts 2 and 3.
A maximum of 3 points are awarded to the oral test, which can be added to or deducted from the mark given in the written test, depending on the performance demonstrated by the student.

Exam language

Italiano