Université Saint-Louis - Bruxelles

INGE1210 - Financial Statement Analysis

KU Leuven Campus Brussel

Crédits : 3

Professeur :

Mode d'enseignement :
Premier quadrimestre, 26 heures de théorie.

Langues d'enseignement :

Objectifs d'apprentissage :
The course aims at contributing to the following learning results:
The student...

- Understands basic theories, basic terms, and basic concepts of each management domain, in particular with respect to the financial, operational, commercial and organisational activities, and applies them when solving (business) economics problems (2.a)
o Understands how the financial situation of a company can be measured and evaluated and is able to apply these techniques on the financial statements od companies (2.a.4)

- Has insight into the current financial reporting regulations and applies them to register financial transactions (2.e)
o Has insight into corporate governance (the responsibilities of directors, managers and the auditor) (2.e.2)
o Knows the Belgian consolidation legislation (the scope of application, the exemptions, the format of consolidated accounts, the choice of consolidation technique) (2.e.3)
o Knows the primary differences between the Belgian accounting legislation and the international financial reporting standards (IAS/IFRS) and the corresponding financial statements (2.e.4)

- Assesses the financial performance of an organisation based on a thorough understanding of the structure and preparation of annual accounts and also based on the critical use of several techniques of financial analysis; produces recommendations to adjust the financial policy (2.f)

- Analyses issues in different management domains on the basis of appropriate theories, concepts and models and proposes a scientifically sound solution (2.t)

Prérequis :
Pour le programme de Bachelor of Science in Business Engineering :

Corequis :

Contenu de l'activité :
- Study of the annual accounts (incl. regulation and corporate governance)
- Financial statements analysis (horizontal and vertical analysis, liquidity, operating/investing/financing/total cash flow, profitability, added value and solvency.
- Introduction into consolidation (rules and regulations, introduction to consolidation methods, format of the consolidated accounts)
- IFRS (rules and regulation and model of the annual accounts)

Activités d'apprentissages prévues et méthodes d'enseignement :
The content of this course is taught by means of lectures and interaction between the teacher and students. The lectures contain theory and practical cases as well as exercises.

The students have to make a paper, in groups of 6-8 students. In this paper, the individual annual accounts of a chosen Belgian company are studied. To finalize this paper, an accurate planning by the group is needed. Starting from the beginning of the semester, the professor launches each week a new assignment to motivate continuous work on the paper.

The lectures are used to get familiar with new course content. To make sure that the students use their common knowledge and knowledge from other courses (mainly Financial Accounting A & B), interacting questions between the professor and students during the colleges are also used.

During the colleges, the professor also uses simple and practical examples to make the course content more clear, concrete, practical and no longer only theoretical. After each chapter, the students need to prepare exercises which are discussed in class. This gives the students the opportunity to think actively about a case and prepare themselves for the exam.

Méthodes d'évaluation :
Type : Exam during the examination period
Description of evaluation : Written
Type of questions : Multiple choice, Open questions, Closed questions
Learning material : List of formulas, Calculator

The exam can contain questions about (i) study of the annual accounts (exercise and/or theory), (ii) financial statements analysis (insight and understanding question and/or application of a financial statement analyis to the annual accounts of a given company), (iii) consolidation and IFRS (exercise and/or theoretical questions) and/or (iv) multiple choice covering the complete course content.

During the exam, the students are provided with exam attachments (see Toledo for an example) containing a list of formulas, a (consolidated) chart of accounts and the complete scheme of the annual accounts. The use of a dictionary is not allowed. A standard pocket calculator will be provided during the exam. The use of your own calculator is not allowed.

Bibliographie :
Pas de bibliographie recommandée