Finance

General Data
Academic program	General Engineering Program			Module Manager(s) : FRECON Pierre,MONAGHAN Erin
EC Type : Lectures	Finance (LIIAem09EFin)
Project : 12h00 Total duration: 12	Status	Period Semester 9	Teaching language : French

General objectives
The "Finance and Business Management" course is designed to summarize the fundamental concepts of business management and finance, presented in the most coherent manner possible so that students can fully understand them and use them to meet their needs as future business executives: team leaders, project managers, executives, or entrepreneurs. To enhance learning, the teaching method involves each student individually applying the concepts learned in a familiar, stimulating setting that allows for diverse but similar experiences for each student: the financial analysis of listed companies.

General objectives

The "Finance and Business Management" course is designed to summarize the fundamental concepts of business management and finance, presented in the most coherent manner possible so that students can fully understand them and use them to meet their needs as future business executives: team leaders, project managers, executives, or entrepreneurs.
To enhance learning, the teaching method involves each student individually applying the concepts learned in a familiar, stimulating setting that allows for diverse but similar experiences for each student: the financial analysis of listed companies.

Content
Theoretical Contributions • General Accounting • Profitability: value chain, income statement, cost theory • Cash flow: balance sheet, working capital, working capital requirement • Imbalance: “cash is king!”, cessation of payments, receivership/liquidation • Cash flow for profitability: “time is money” Deliverables during the course: Characterize the company's economic activity • Understand the main business(es), the economic model; define needs (expenses, fixed assets) and opportunities (revenues, markets) • Identify some listed competitors • Find recent news about the group (last 3 years) and/or its primary market Theoretical Contributions • General accounting plan • Tax return • Income statement: interim management balances, income accounts (7), expense accounts (6); Focus on the payroll ?? • Balance sheet: capital and long-term debt, fixed assets, inventories, third-party accounts, and VAT • Financial analysis: why? Operating ratios and financial structure Deliverables during the Financial Analysis course • Locate the financial statements and the company report • Conduct an initial analysis of the company's situation and its evolution over the past few years, based on the identified significant events • Compare with identified competitors and any information on the broader market Theoretical contributions • Finance and financial markets • Financial instruments: shares, bank loans • Speakers: equity investors (private investors and public markets (stock market)), banks, and public and parapublic organizations Deliverables during the course: The company in its market • Complete the initial analysis with a vision of the company's environment: does it need funds, what type, and from whom? Is it better equipped than the competition? • Conclusion: should we buy?

Content

Theoretical Contributions • General Accounting
• Profitability: value chain, income statement, cost theory
• Cash flow: balance sheet, working capital, working capital requirement
• Imbalance: “cash is king!”, cessation of payments, receivership/liquidation
• Cash flow for profitability: “time is money”
Deliverables during the course: Characterize the company's economic activity
• Understand the main business(es), the economic model; define needs (expenses, fixed assets) and opportunities (revenues, markets)
• Identify some listed competitors
• Find recent news about the group (last 3 years) and/or its primary market
Theoretical Contributions • General accounting plan
• Tax return
• Income statement: interim management balances, income accounts (7), expense accounts (6); Focus on the payroll ??
• Balance sheet: capital and long-term debt, fixed assets, inventories, third-party accounts, and VAT
• Financial analysis: why? Operating ratios and financial structure
Deliverables during the Financial Analysis course
• Locate the financial statements and the company report
• Conduct an initial analysis of the company's situation and its evolution over the past few years, based on the identified significant events
• Compare with identified competitors and any information on the broader market
Theoretical contributions • Finance and financial markets
• Financial instruments: shares, bank loans
• Speakers: equity investors (private investors and public markets (stock market)), banks, and public and parapublic organizations
Deliverables during the course: The company in its market
• Complete the initial analysis with a vision of the company's environment: does it need funds, what type, and from whom? Is it better equipped than the competition? • Conclusion: should we buy?

Corequis
None

Bibliographie
Finance for Executives: Managing for Value Creation (Anglais) (G. Hawawini, Editions Broché – 2012 (4th Edition)) The Blue Line Imperative: What Managing for Value Really Means (Anglais) (Kevin Kaiser,? S. David Young – Editions Jossey Bass – 2013)

Assessment(s)
N°	Nature	Coefficient	Observable objectives
1	Written exam	1	The "Finance and Business Management" course is designed to summarize the fundamental concepts of business management and finance, presented in the most coherent manner possible so that students can fully understand them and use them to meet their needs as future business executives: team leaders, project managers, executives, or entrepreneurs. To enhance learning, the teaching method involves each student individually applying the concepts learned in a familiar, stimulating setting that allows for diverse but similar experiences for each student: the financial analysis of listed companies.