IE Brown Executive MBA

Despite the fact that many people think that accounting practice is characterized by the mechanic application of a set of rules, Marco Trombetta believes that the only way to account properly for a transaction is to first understand the economics of it and then apply the accounting mechanics. It was this intuition that made Marco, a fully trained theoretical economist, see accounting as a way for companies to transform raw data into information useful for internal and external decision makers. 

However abstract this idea may seem at the beginning, it is actually at the core of the recent developments in accounting practice. The way how companies are created, organized and managed is changing so rapidly that only a set of accounting standards and procedures that gives preference to the substance of transactions over their form, will be able to keep track with the dynamic of the business environment and will manage to get accepted internationally. 

This is the spirit embedded into the set of International Financial Reporting Standards and that underlines the on going process of harmonizing accounting standards around the world. And this is also the fundamental background of Professor Trombetta’s accounting teaching. 

Besides his activity as a teacher and researcher, Professor Trombetta develops an activity as a consultant and in-company trainer. Moreover, Marco is Editor-in-chief of the Journal of Accounting and Public Policy, one of the most important academic accounting journals in the world.