6 ECTS credits
163 h study time
Offer 2 with catalog number 4009038ENR for all students in the 1st semester at a (E) Master - advanced level.
Financial statement analysis:
Regulation of financial reporting (GAAP, standard setting bodies), recent trends in accounting, techniques of financial statement analysis (evaluating trend and components of business, financial ratios, cash flow statements), creative accounting.
Professionals on the field will give some guestlectures on financial analysis and an homework assignment is required in which students need to analyze and interprete the financial statements of a Belgian company.
Auditing (in conformity with International Statements on Auditing):
Regulation of the audit profession, audit evidence, audit risk analysis, internal control structure (concepts and assessement of control risk), substantive audit testing, audit report.
Manual required.
The Manual will systematically be made available (in Dutch) on Canvas throughout the first semester.
Powerpoint presentations (will be made available on Canvas, at least one day before the class meeting)
Complementary study material (in dutch):
Ooghe Hubert en Van Wymeersch Charles, 'Handboek Financiële Analyse van de Onderneming', Intersentia.
Lectures are in dutch.
Website department: http://www.vub.ac.be/ACCO (in dutch).
One objective of this course is to enable students to comprehend and critically evaluate the financial information included in corporate annual reports. Corporations are complex and so to are the rules and requirements that must be followed in preparing annual reports. Knowledge of these rules, requirements and some creative accounting techniques is a major focus of this course.
The auditor examines the information that managers use to prepare the financial statements and provides assurences about the credibility of those statements. Understanding the basic steps of the audit process and auditing concepts is a second objective of this course.
The final grade is composed based on the following categories:
Written Exam determines 100% of the final mark.
Within the Written Exam category, the following assignments need to be completed:
Assignment 'financial statement analysis' (groups of two students) AND written final exam in dutch.
The assignment will count for 40% of your final grade, the written final exam for 60%. Both (assignment + exam) are mandory, otherwise no final grade for this course can be obtained.
Detailed guidelines on this assignment (incl. groupformation, deadlines, penalisation policy,...) will be made available on Canvas (in Dutch).
Points of the assignment can be transferred from first to second session, but can not be transferred to the following academic year.
The written final exam (in Dutch) of the first and second session will be closed book and will consist of theory (open questions, multiple choice and true/false questions) and some auditing case studies. No extra oral exam will be taken.
This offer is part of the following study plans:
Master of Business Engineering: Standaard traject (only offered in Dutch)
Master of Business Economics: Standaard traject (only offered in Dutch)
Master of Teaching in Social Sciences: communicatiewetenschappen (90 ECTS, Etterbeek) (only offered in Dutch)
Master of Teaching in Economics: standaard traject (90 ECTS, Etterbeek) (only offered in Dutch)