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Interacting with and understanding Multinational Enterprise (MNE) Groups

Interacting with and understanding Multinational Enterprise (MNE) Groups

Course Leader

Francesca MANES ROSSI

Target Group

Managers and statisticians fully or partially involved in the domain of business statistics, macroeconomics and globalisation statistics.

Entry Qualifications

  • Sound command of English. Participants should be able to make short interventions and to actively participate in discussions
  • The course is intended for statisticians and managers in the domain of business statistics, macroeconomics and globalisation statistics with basic experience in the statistical field, wishing to gain improved understanding of the multinational enterprises and their practices in accounting and improving knowledge between business standards and their use in their relevant statistical fields.

Objective(s)

  • Drawing from work done in the past few years in the context of Large Case Units and European Profiling, and to support the ongoing move to a more systematic and coordinated approach to globalisation-related activities in the ESS, this course should support managers/statisticians involved in business/macroeconomic and globalisation statistics growing need to understand well and interact successfully with multinational enterprise groups (MNEs) operating in Europe.
  • The course will aim at providing the participants with an improved statistical skillset to tackle Multinational Enterprise Groups issues, including:
  • A better understanding of the MNEs structure, organization and activities
  • A better understanding MNEs accounting and reporting concepts and standards
  • Searching and using financial information on MNEs.

Contents

The course will cover the following topics:

  • Developing critical and relevant account management practices among participants, to assist them in addressing emerging globalisation issues coming from MNEs.
  •  Building strong capabilities in financial information analysis, with the help of theory and practical examples, to support participants’ understanding of MNEs’ financial reports, and ultimately the implications for MNE structure, operations and activities.
  • Theoretical understanding: participants should familiarise with relevant accounting and reporting standards (for example IFRSs 3, 8, 10, 11, 12 and 15, IASs 24, 27 and 28, among others). They should be able to understand the implications from these standards on issues such as levels of control, consolidation, segment reporting, and group structure (especially regarding entities such as SPEs, SPVs, branches, affiliates, joint operations and ventures).
  • Practical understanding: participants should learn how to derive and analyse financial information from company financial reports to support their work in business and macroeconomic statistics. Linking to the above objective, the course should also cover the units and concepts relevant for business statistics, the regulatory framework, guidelines, operational rules and practical aspects in place.
  • Familiarising participants with the important concepts and definitions across the different statistical domains, for the purpose of highlighting possible divergences (and opportunities for harmonisation) and ensure statistical consistency.

Expected Outcome

At the end of the course, participants should be able to have a better understanding of MNEs organization, accounting and reporting concepts and how to use MNEs financial information in the business, globalisation and macroeconomics statistics.

Training Methods

  • Presentations and lectures
  • Exchange of views/experiences on national practices/discussion
  • Practical Exercises and examples
 

Required Reading

  • Documents sent to the participants.

Suggested Reading

  • Documents sent to the participants
  • IFRS in your pocket 2019
  • Iatridis, G. (2010). International Financial Reporting Standards and the quality of financial statement information. International review of financial analysis, 19(3), 193-2
  • Jaggi, B., & Low, P. Y. (2000). Impact of culture, market forces, and legal system on financial disclosures. The international journal of accounting, 35(4), 495-519.
  • The European system of accounts 2010 (ESA2010)
  • Regulation (EC) No 177/2008 of the European Parliament and of the Council of 20 February 2008 establishing a common framework for business registers for statistical purposes and repealing Council Regulation (EEC) No 2186/93
  • European Business Statistics Manual

Required Preparation

See ‘Required reading’.

Trainer(s)/
Lecturer(s)

Francesca MANES ROSSI (independent expert)

Virginia BALEA (independent expert)

Practical Information

When

Duration

Where

Organiser

Application  via National Contact Point

01-03.06.2021

3 days

ONLINE

GOPA

Deadline: 06.04.2021