113 research outputs found
The Role of Fair Value in the Application of International Accounting Standard
No full textMany doubts still persist in the entire economic community regarding the adoption and use of international accounting standards as provided for in European Parliament and Council regulation No 1606/2002 of 19 July 2002.The aim of this study is to investigate the probable effects arising from the implementation of fair value, the valuation method that the International Accounting Standard Board sets in order to valuate certain balance sheet items. Once the concept of fair value has been defined, I first verify the possible change in the quality level of external financial reporting and I examine the impact that its adoption may have on internal administrative procedures. I aim to verify whether the expected increase in costs, due to the more complex internal administrative procedures associated to the changeover from the historical cost to the fair value method, may ensure a higher degree of transparency and comparability of financial statements within the European Community
Il Ruolo del Capitale Economico nelle Valutazioni di Bilancio
No full textNell’ambito dell’economia aziendale il capitale si presta a differenti interpretazioni in relazione alle specifiche finalità conoscitive poste alla base della sua valutazione. Il capitale d’azienda può quindi presentare strutture e significati diversi, seppure strettamente correlati tra di loro. Le due configurazioni di capitale ritenute più rilevanti per utilizzo e significatività sono quelle del capitale economico e del capitale di funzionamento.; tali configurazioni, pur scaturendo da obiettivi conoscitivi parzialmente dissimili, presentano alcuni punti di contatto non irrilevanti.Il tema delle correlazioni tra capitale economico e capitale di funzionamento ha rappresentato tema di dibattito dottrinale sin dai primo anni ’30. Lo scopo del presente lavoro è quello di analizzare, senza per questo voler essere esaustivo, l’evoluzione del pensiero dottrinale sul tema a partire da Gino Zappa, sino ad alcuni autori degli anni ’70. La scelta degli autori ha previlegiato Lorenzo de Minico, Domenico Amodeo, Angelo Provasoli e Vittorio Coda, ciò al fine di enfatizzare come le parole di Zappa, riportate nell’edizione de Il Reddito del 1937, abbiano dato origine ad un dibattito dottrinale dal quale sono emerse posizioni, a volte tra loro in antitesi
Costi di agenzia e controllo di gestione
No full textQuando gli individui costituiscono imprese composte da più persone, i proprietari (principali) assumono soggetti (agenti) al fine di compiere atti per loro conto. Gli agenti, una volta assunti al fine di compiere determinate mansioni, massimizzano la loro funzione di utilità che potrebbe, o non, coincidere con quella del principale; in quest’ultimo caso sorgono costi di agenzia. I costi di agenzia sono pertanto l’inevitabile risultato derivante dalla delega allorquando gli interessi dell’agente non coincidono con quelli del principale.
L’obiettivo del presente scritto è di verificare come l’introduzione di un sistema di controllo di gestione, facente parte di una valida architettura organizzativa, possa sensibilmente diminuire i costi di agenzia modificando il comportamento delle persone all’interno dell’organizzazione
A PERFORMANCE MEASUREMENT SYSTEM AND MANAGEMENT ACCOUNTING IN THE SUPERMARKET CHAIN SECTOR: ANALYSIS IN AN ITALIAN COMPLEX BUSINESS ENTITY
No full textThe paper aims to analyse the way in which management accounting is organised within companies which have a strategic need to centralise some functions and decisions, while simultaneously decentralising others. These characteristics are found above all in the supermarket chain sector, where a pressing need to centralise logistical and purchasing functions goes hand-in-hand with the need to respond to demands arising from the individual outlets’ local requirements.
In 2005, with a market share of almost 18%, Coop was Italy’s largest food retailing group. Coop’s distinctive organisational feature is that it consists of a total of 140 cooperatives, nine of them large-sized, grouped together in three district associations. The Adriatic District is the largest of these, accounting for about 40% of Coop’s total sales. The unique characteristic of this type of organisational model is the high degree of autonomy enjoyed by each individual cooperative, deriving from its independent corporate structure, with no particular ownership constraints. In spite of this, it may still be beneficial to centralise a number of corporate functions, in order to obtain full benefits from economies of scale with regard to specific management policies. However, if this centralisation is not carefully calculated, it runs the risk of not yielding its full potential in terms of results.
The cooperatives in the Adriatic District have responded to these needs by establishing Centrale Adriatica, assigned the task of performing coordination, marketing and logistics functions. This has made it necessary to acquire management accounting tools capable of planning and controlling the decisions affecting the parameters which are governed at the centralised level, but the effects of which are inevitably felt by each individual cooperative.
The definition of selling and purchase price policies, promotion and advertising, and logistics management, form the starting-point for systems for the centralised planning and control of the trading margins of the individual cooperatives. By this mechanism, the cooperatives themselves implement a system of delegation of powers which places management of the main factors for the achievement of their strategic and financial objectives in Centrale Adriatica’s hands. The cooperatives continue to handle the acquisition of data and their communication to Centrale Adriatica, together with the planning and control of all the activities performed within the individual outlets, which are still managed entirely by the specific cooperative concerned
L'evoluzione storica dei sistemi di pianificazione e controllo. L'evoluzione nel contesto italiano
No full textEvoluzione storica del sistemi di pianificazione e controllo in Italia dal XIX al XXI secol
L'imperialismo, come la lebbra, si cura con la morte": intesecting narratives in Ennio Flaiano's Tempo di uccidere
No full textIncludes abstract.Includes bibliographical references.In 1947 Ennio Flaiano published what was to become his only full-length novel, Tempo di uccidere. Set in Abyssinia during the 1935-1936 Italo-Ethiopian War, it is a work that, notwithstanding its ostensibly "realist" subject matter, displays a palpable dissonance with the coeval cultural and literary landscape of post-war Italy, then dominated by the age of neorealism. With Tempo di uccidere, Flaiano chooses to counter the largely nationally inward, materialist gaze of his contemporary authors by shifting the focus to a socio-political and cultural environment ghat would have proved largely foreign to the majority of his readers...The primary aim of this MA dissertation is to explore-and to critically engage with - the two indentifiable narratives that frame the interpretation of the novel..
Can Practical Wisdom Mitigate the Negative Effects of Rule-following and Hyper-codification?
No full textThis article sets out to explain how practical wisdom, supported by rationality, can play a fundamental role in management and combat the main problems of rule-following and hyper-codification. The systematic use of Big Data, collected via the ever-increasing adoption of technology, has generated a large increase in the degree of standardisation of company procedures concerning not only physical and technical issues but above all decision-making. Applied to the solution of repetitive, easily codified problems, standardisation increases the level of efficiency, but when used for the resolution of complex problems it may partially, or even completely, preclude the pursuance of the common good. This may occur through the setting of rules which are not capable of fully describing reality, and their inappropriate use, which may lead, through their unthinking application, to a lack of morality, and even to the side-lining of earnings opportunities. We believe that practical wisdom is able to interact with necessary, unavoidable codification systems and rules to provide the right interface with circumstances, becoming a part of the decision-making process in its own right and not just a viewing lens for use retrospectively to verify whether the outcomes of decisions taken have been effective in pursuing the common good
Audit quality and digitalization: some insights from theItalian context
No full textPurpose: The differences between Big audit firms (BigN) and non BigN (nBigN) have been discussed at the international level from various points of view, focusing in particular on issues regarding the different quality of the services offered. This study aims to analyze the impact of digitalization on audit firms in the Italian context, seeking to understand how this phenomenon has influenced the quality differences already studied in the scientific literature. Design/methodology/approach: The research adopts a qualitative approach, using semi-structured interviews. A total of 16 professionals working in the legal audit world were interviewed. The firms involved were PricewaterhouseCoopers, KPMG, Ernst and Young and Deloitte in the BigN category and BDO Italia Spa, MooreAxis Srl and Analisi Spa in the non Big class. The data collected via the interviews underwent thematic analysis. This analysis allowed the identification of three topics, on which the presentation of the results concentrated. Findings: The findings of this research reveal that the digitalization of companies has widened the quality gap between Big and non BigN. BigN have been better able to exploit the benefits of the new digital technologies due to their greater investment capacity. At the same time, stakeholders’ expectations of the audit process in terms of quality have increased sharply, also in relation to nBigN. Originality/value: This study’s main contribution is its analysis of the impact of digitalization on the audit quality of BigN and nBigN. This paper contributes to the existing literature by studying the consequences of digitalization on nBigN, a topic previously unexplored in the scientific literature (Manita et al., 2020), and the impact of new technologies in the context of audit firms in general
Social Accounting at Work: An Analysis of Social Impact Measurement Models
No full textThe development of the field of social entrepreneurship has drawn attention to the need for additional work on identifying and measuring the value created through the solution of social problems by means of businesses with social impact. There has been a multiplication of the measurement models for satisfying the most widely varying demands for information about the Social Impact (SI) generated by social enterprises, although so far the results cannot be considered exhaustive. In this context, the present study attempts to contribute to the debate by investigating the effectiveness of SI measurement models in accounting and communicating SI creation, in relation to the main stakeholders’ needs for information. As a result, a framework for analysing and classifying the main social accountability models is provided. The analysis shows that the measurement models considered are not always able to provide useful information for the assessment of the social activities carried out and the extent to which social oriented organizations fulfil their social goals as stated in their missions and their contribution to the promotion of wider and institutional social change
Risultati economici, ricapitalizzazioni e indebitamento nelle società di calcio professionistiche italiane
No full textIl presente contributo realizza un approfondimento sui temi connessi alle peculiarità delle società operanti nel settore del calcio professionistico, con particolare riferimento ad aspetti ritenuti generalmente di particolare rilievo: le performance economiche, il livello di indebitamento e il valore delle ricapitalizzazioni. I dati analizzati non risultano essere in buona parte di immediata estrapolazione dai bilanci delle società, ma derivano da una loro rielaborazione attraverso i valori rilevati e rappresentati all’interno del ReportCalcio 2018, report predisposto dalla Federazione Italiana Giuoco Calcio, con la collaborazione di AREL, PwC e dei sottoscritti Autori
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