Business combinations under commoncontrol (BCUCC): the Italian Experience. The aim ofthis paper was to analyze the phenomenon ofbusiness combinations under common control(BCUCC) with emphasis on the Italian experience,focusing on information deduced from a sample ofItalian financial statements and comparing themwith each other and with the same number ofEuropean listed companies. We started from atheoretical analysis of the phenomenon,contextualizing it within the IAS/IFRS framework,and discussing the different visions and possiblesolutions that have been suggested by otherimportant national and international organizations(US GAAP, Assirevi, China GAAP), and thenproceeded to analyze the financial statements of themost important Italian companies in detail. Wesubsequently considered the two differentmethodologies for accounting, delineating theanalogies and differences between them, in anattempt to investigate the reasons why one of themcould be preferable to the other and the differenteffects of each on consolidated financial statements.Finally we analyzed the different informationalneeds of users of the financial statement comparedwith cases of “normal” business combinations. Thesamples chosen for our research comprised acertain number of companies randomly chosenfrom Italian stock exchange quotations as well asfrom the other major Italian stock index FTSEMIB
