The consolidated financial statements (CFS) are considered both as an external reporting tool and as an integral part of the broader reform of the internal accounting system for organizations. The analysis is aimed at understanding the perception of the possibility of use CFS for assessing group performance and the organisational implications. This survey was carried out through questionnaires sent to the Italian Municipalities addressing the mandatory adoption of CFS. The results show that the CFSs are perceived as a useful tool for studying and evaluating the boundaries of the local group. However, it is not perceived as potentially suitable for modifying the configuration of the group. With regard to the group’s performance, the results are contradictory. The main approach of controlling Municipalities is a top-down relation with the subsidiaries, not oriented towards a strategic vision of the group. In fact, the majority of local authorities believe that relations with the subsidiaries are often of a conflictual nature, rather than open collaboration.

An Investigation of Organisational Effects of Consolidated Financial Statement. An Exploratory analysis on the Italian Municipalities.

Cristian Carini
;
Laura Rocca;Monica Veneziani;Claudio Teodori
2018-01-01

Abstract

The consolidated financial statements (CFS) are considered both as an external reporting tool and as an integral part of the broader reform of the internal accounting system for organizations. The analysis is aimed at understanding the perception of the possibility of use CFS for assessing group performance and the organisational implications. This survey was carried out through questionnaires sent to the Italian Municipalities addressing the mandatory adoption of CFS. The results show that the CFSs are perceived as a useful tool for studying and evaluating the boundaries of the local group. However, it is not perceived as potentially suitable for modifying the configuration of the group. With regard to the group’s performance, the results are contradictory. The main approach of controlling Municipalities is a top-down relation with the subsidiaries, not oriented towards a strategic vision of the group. In fact, the majority of local authorities believe that relations with the subsidiaries are often of a conflictual nature, rather than open collaboration.
File in questo prodotto:
Non ci sono file associati a questo prodotto.

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11379/514622
 Attenzione

Attenzione! I dati visualizzati non sono stati sottoposti a validazione da parte dell'ateneo

Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact