Consolidated Financial Statement: Managerial Tool to Plan for the Local Council
Luigi Puddu, Alessandra Indelicato, Christian Rainero, Silvana Secinaro

Abstract
This paper intends to answer the question ‘which approaches and which managerial tools can be efficaciously adopted in constructing a harmonious relationship of co-evolution between the local council and the external world?’ In particular, the research concentrates on the use of consolidated financial statements as a means of planning and audit for local council-run companies that hold shares in multi-utility companies and which have a controlling interest in non-profit companies operating locally.

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