INTERNATIONAL FINANCIAL STATEMENT ANALYSIS AND TAXATION
Docente: Mascia Ferrari
Visiting Professor at the New York University, docente presso la Facoltà di Economia Marco Biagi dell’Università di Modena e Reggio Emilia
This course is designed to address the increasing need of analyzing and interpreting financial statement information from international companies. It provides a framework for using these financial data in a variety of business contexts from many countries.
Therefore, the course is for the student interested in working in a multinational context.
You will acquire the tools and techniques necessary to compare financial statements written under different accounting languages and to evaluate the performance of companies doing business in many countries.
What distinguishes this course from other courses in Financial Statement Analysis is the emphasis on identifying and understanding the differences between financial statements prepared on the basis of accounting principles generally accepted in the United States (U.S. GAAP) and International Financial Reporting Standards (IFRS).
The course blends a comparative analysis between two bodies of accounting principles with the new taxation requirements for the transfer pricing imposed by the Organization for Economic Co-operation and Development (OECD).
The taxation sections are focused on the developments related to the base erosion and profit shifting (BEPS). You will learn about the new disclosure policy imposed by the OECD on any country to boost transparency starting from the fiscal year 2016.
The course consists of three parts:
1) analysis of the differences between IFRS and US GAAP and how to reconcile the two bodies of principles;
2) comparison of performance of international companies through real cases from many industries (except financial institutions and utilities). We will consider the viewpoint of the user of financial statement information;
3) study of the new requirements for transfer pricing: the new methods and the reporting templates imposed by OECD.
(Il corso si terrà in italiano, ma è richiesta la capacità di lettura dei materiali in lingua inglese).