Market and Corporate Accounting

This course is structured on three main lines :

a) The historical and sociological context of the IAS/IFRS standards emergence

b) A modular analysis of the main accounting topics

) Examples and practical applications

The first part of the course gives : - a history of the accounting approaches, opposing law-based and shares-based accounting methods. This part analyses the discriminating elements which lead to different accounting frameworks ; - the necessary accounting law elements for the making up of a financial inventory according to the IAS/IFRS standards, as well as the introduction to Anglo-Saxon accounting notions (cash-flow statement) ; - the essential tools the accountant needs and the basic accounting entries.

The second part introduces the financial statements analysis and is made up of various sections : analysis of the illiquid assets, stocks, claims, financial instruments, reserves, pension liabilities, etc. The IAS 32 and 39 standards and the modus operandi of the financial instruments, among others namely the derivative products, for which two standards have been set up, will be particularly emphasized. The third part which has strong links with the first two parts, deals with the quality and the reliability appreciation of the financial statements information, the way of formulating an appreciation on the enterprise financial situation. In this third part there will be alternatively theoretical presentations with examples and special cases explanations.

This course aims at understanding the reference framework, the principles and the application rules as well as the terms of the international accounting standards IAS/IFRS which have been applied to the European listed enterprises since 2005. The course is structured on a modular approach of various accounting topics according to the IAS/IFRS standards sequence. Many parallels are drawn with the Belgian and European accounting regulations. This course will give the students the basic knowledge in Anglo-Saxon accounting and a survey of the conceptual differences between various accounting systems. If need be parallels with the Belgian tax legislation are clarified.

Strong links are made with corporate/market finance

Lectures, Exercise sessions, Case studies

Contacts

Bruno Colmant

b.colmant@degroofpetercam.com

Méthode(s) d'évaluation

• Autre

Autre

Oral test

Construction de la note (en ce compris, la pondération des notes partielles)

Class interaction and exam

Langue(s) d'évaluation

• anglais