Il rendiconto finanziario tra aspetti teorici ed elementi empirici: alcune considerazioni sulla post-implementation analysis

Abstract

The aim is to compare the accounting rules contained in the Italian accounting standard no. 10 with the operating procedures for the preparation of the first time adoption of the statement of cash flows, highlighting the main critical elements deriving from the empirical analysis of a sample of 200 companies. Many errors and inaccuracies have been observed in its preparation, a sign that the statement has not yet fully entered Italian accounting culture. The main criticalities are in the Cash Flow from Operating Activities, due to its complex structure: transformation of some values from accrual to financial dimension, with particular regard to the treatment of the items of net working capital; the survey of non-cash items, with particular reference to the positive ones; interpretation of «Utilisation of provisions». The policy implications go in the direction of: making the layout proposed by the OIC no. 10 (and/or the text of the accounting standard) more analytical, so as to overcome the criticalities that emerged in the empirical analysis; improving the definition of the net working capital, in order to clearly identify its boundaries; making companies understand that the table is not to be filled but to be reasoned; reinforcing its equal role with the statement of profit or loss and the statement of financial position; to clarify some situations of operational difficulty such as the different nature of short-term financial debt and the need to make certain items more analytical (i.e. accounts receivable, accounts payable, prepayments and accrued income, accrued expenses and deferred income); request the introduction of commentary information on the items and reference aggregates.

References

  • AGLIATA F., ALLINI A., BISOGNO M., CALDARELLI A., CAPALBO F., DI CARLO F., FIONDELLA C., FORTE W., INCOLLINGO A., LUCCHESE M., MACCHIONI R., MAFFEI M., MAGLIO R., MANNES ROSSI F., SANNINO G., TARTAGLIA POLCINI P., TUCCILLO D., Il bilancio secondo i principi contabili internazionali IAS/IFRS. Regole e applicazioni, G. Giappichelli Editore, Torino, 2013.
  • BDO CANADA LLP., Assurance and accounting ASPE - IFRS: a Comparison Financial Statement Presentation, 2017.
  • BUSSO D., DEVALLE A., Il nuovo rendiconto finanziario. Schema, costruzione e interpretazione secondo il codice civile e l’OIC 10, Eutekne, Torino, 2016.
  • CAPALBO F., Il sistema contabile australiano. Attori e processi, Cedam, Padova, 2004.
  • COLLIN S., Interpretation and Application of UK GAAP: for accounting periods commencing on or after 1 January 2015, Wiley, 2015.
  • CRAMPTON A., DOROFEYEV S., KOLB S., MEYER-HOLLATZ W., European Comparison: UK & Germany. The main differences between UK and German Accounting Practice, Deloitte & Touche, 2001.
  • DELL’ATTI A., Il rendiconto finanziario nell’ambito dell’informazione societaria, in Rivista dei Dottori Commercialisti, Giuffrè Editore, Milano, 2017, fasc. 1.
  • ERNST & YOUNG LLP., Understanding ASPE Section 1540, Cash Flow Statement, 2015.
  • AA.VV., Principi contabili internazionali 2014, Il Sole 24Ore, Milano, 2014.
  • IANNUCCI A., Ias 7: redazione del rendiconto finanziario, in Guida alla contabilità e bilancio, Il Sole 24Ore, Milano, 2006, fasc. 4.
  • JONES C., M.D. Samar-Fauchon, European Comparison: Uk & France. The main differences between UK and French accounting practice. Deloitte & Touche, 2001.
  • PRICEWATERHOUSECOOPERS, IFRS versus German GAAP (revised). Summary of similarities and difference, 2010.
  • PRICEWATERHOUSECOOPERS, Similarities and differences: a comparison of current UK GAAP, new UK GAAP (FRS 102) and IFRS, 2013.
  • PRICEWATERHOUSECOOPERS, Similarities and differences: a comparison of IFRS and Luxembourg GAAP, 2013.
  • PROVASI R., Rendiconto finanziario. L’OIC n. 10 per i bilanci chiusi dal 31.12.2014, Novecento Editore, Milano 2015.
  • SANTESSO E., SÒSTERO U., I principi contabili per il bilancio d’esercizio. Analisi e interpretazione delle norme civilistiche, Egea, Milano, 2016
  • SARTORI E., Bilancio IAS/IFRS e analisi per indici, Franco Angeli, Milano, 2012.
  • TORT E., Les tableaux de flux de trésorerie en règles françaises et internationales: essai de synthèse, Revue Française de Comptabilité, n. 462, Février 2013, pag. 20.
  • TEODORI C., Il rendiconto finanziario: ruolo informativo, analisi, interpretazione e modelli contabili, G. Giappichelli Editore, Torino, 2015.
  • TEODORI C., Il rendiconto finanziario: caratteristiche, ruolo informativo e interpretazione, G. Giappichelli Editore, Torino, 2009.
Chiudi [X]

Acquista l'articolo

Inserisci i tuoi dati affinché un funzionario di Giuffrè possa contattarti per perfezionare i termini dell’acquisto

Campi obbligatori*