Publications

Valuation of loans in banking sector financial statements: considerations in light of new approaches to credit risk management
by Maurizio Polato
This text covers the valuation of loans receivable in the financial statements of banks and the essential variables that must be considered as part of the logical architecture of “credit risk models”.

Social reporting
by Enzo Spisni and Domenico Fuda
Understanding and systematic evaluation of the results of a company’s activities in their social, environmental and ethical context and their publication are becoming essential requirements for modern businesses.
This paper examines social reporting in terms of format, preparation and application to certain specific businesses.

Real estate investments in Italy. Tax and legal framework
by Massimo Milan
This paper examines the Italian tax system and the tax and legal issues regarding real estate investments.
Technical/financial equilibrium in relation to increases in capital as a result of contributions in kind, opinions by Boards of Statutory Auditors (or auditors) and subsequent review of appraisals
by Michele Rutigliano
This paper covers several aspects of capital contributions in kind and related operations involving the subscribed capital of the recipient company. It makes particular reference to the technical/financial equilibrium that must be respected when the transaction is being structured.

ISO 9000 in and Intranet environment
by Ermanno Armellino
The intranet is destined to become a key tool in the organisational automation of business processes.
This paper deals with one of the intranet’s more prominent applications in support of the Business Quality System in terms of obtaining ISO 9000 certification and in terms of fulfilling business growth objectives.
Redetermining the acquisition value of equity investments not traded on regulated markets
by Paolo Villa
The 2002 Finance Act made it possible for parties owning equity investments not traded on regulated markets to restate their valuation.
This paper covers the contents of the said legislation and its subsequent interpretation.

Considerations regarding new trends regarding valuation methods
by Rosanna Vicari
Almost twenty years since the EU directives on financial reporting were issued, an important debate has commenced on the evolution of current rules.
This paper covers the main differences between the EU directives and International Accounting Standards in terms of valuation methods.

Writedown of investments in companies
by Luciano L. Godoli
Review of the assumptions and statutory/financial valuation methods for investments in subsidiary and associated companies.

Euro: the conversion of subscribed capital by co-operatives
by Marco M. Lombardi
A brief overview of the conversion of the subscribed capital by co-operatives following the introduction of the Euro.

The “Non-Profit services sector”. Issues and problems regarding Non-Profit Organisations. The contribution of external consultants
by Dionigi Crisigiovanni and Mirko Zilli
The “Non-Profit services Sector” is constantly growing and the sums involved will end up affecting the “profit sector”.
This paper reflects the debate in the “Non-Profit services sector” and makes a constructive contribution in terms of regulation and codes of conduct.

The treatment of intra-Group operations in the consolidated financial statements of banks
by Rosanna Vicari
This paper deals with the complex question of the elimination of operations between different entities belonging to the same banking group. It documents and comments upon the applicable regulations and accounting standards together with some specific cases such as the purchase and sale of fixed assets, hedging transactions, lease operations and securities dealing.

The Euro: impact on the financial statements of banks and finance companies
by Rosanna Vicari
The introduction of the Euro represents a genuine social and economic revolution which has had – and will continue to have – a notable impact on corporate accounting systems.
This paper covers the main impact on the statutory and consolidated financial statements of banks and finance companies. It does so by using examples to comment upon Legislative Decree no 213 of June 24, 1998 which implements the powers contained in Law 433 of December 17, 1997 on the manner of reporting transactions affected by the fixing of exchange rates between the currencies of UMB member states.

False accounting
by Camilla Tura
This paper provides a thorough review of the regulations introduced by Article 2621(1) of the Italian Civil Code on the subject of false accounting. It seeks to focus the area if analysis for false accounting and makes reference to the various academic and legal positions that have been adopted.

Deferred tax reporting by banks and financial brokers
by Rosanna Vicari
The reporting of deferred tax assets and liabilities has long been the subject of academic debate.
The introduction of Italian Accounting Standard no 25, CONSOB communications and the regulations issued by the Bank of Italy require deferred taxation to be accounted for in financial statements with effect from those ended December 31, 1999. This paper covers the main issues relating to this new requirement.

Short notes on relations between external auditors and the Board of Statutory Auditors in listed companies. CONSOB regulations
by Arturo Sanguinetti
Legislative Decree 58/98 lays down duties, roles and responsibility for the Board of Statutory Auditors and the external auditors. This paper covers relations between the two in light of the recent legislative changes.