Code
MUSF FIN 2201
Level
L2
Field
Finance
Language
Anglais/English
ECTS Credits
3
Class hours
20
Total student load
80
Program Manager(s)
Department
- Data analytics, Économie et Finances
- Service Programme Bachelor
Educational team
Introduction to the module
This introductory course is designed to provide students with a solid foundation in both financial accounting and managerial accounting. The course first emphasizes how different accounting standards—specifically French GAAP (Plan Comptable Général or PCG), International Financial Reporting Standards (IFRS), and US GAAP—shape financial reporting and decision-making in an international environment. The course then guides students to constructing costs in order to gain a better understanding, to help make decisions (bearing in mind that cost alone should never determine the decision) and to account on one's performance. The course standpoint is not the accountant’s but the one of the manager who needs to understand the management situations for which he or she is accountable and wants to make relevant decisions.
By the end of this course, students are expected to achieve several key learning objectives:
1. Understanding the fundamental role of accounting in organizations and society.
2. Clearly distinguishing between financial accounting (focused on external reporting) and managerial accounting (focused on internal decision-making).
3. Being able to record and interpret basic business.
4. Reading and analyzing core financial statements, including the balance sheet, income statement, and notes.
5. Recognizing key differences among French GAAP, IFRS, and US GAAP.
6. Using basic cost concepts to support managerial decisions.
7. Knowing the possibilities and limits of various costing systems.
Learning goals/Programme objectives
- LG3 Having the foundations of responsible and sustainable management
Learning objectives/Intended learning outcomes
- 3.1 - Understand and employ basic concepts, knowledge and theories related to the discipline
- 3.2 - Apply discipline knowledge appropriately and effectively
Content : structure and schedule
10 two-hour sessions
Chapter 1: Introduction to Accounting and Regulatory Frameworks
Chapter 2: Revenue recognition issues
Chapter 3: Defining and measuring Assets
Chapter 4: Constructing costs for decision making
Chapter 5: Direct costing, absorption costing and activity-based costing
Chapter 6: Synthesis: different cost for different decision
Sustainable Development Goals
N°4 – Education de qualité
N°8 – Travail décent et croissance économique
Number of SDG's addressed among the 17
2
Learning delivery
synchrone
Pedagogical methods
Sessions last 2 hours and alternate between lectures, exercises and discussion.
The course topics will be presented by the teacher in lectures supported by visual aids (e.g. PowerPoint slides) and bibliographical aids such as books . Throughout the course, students will be given homework assignments on topics and concepts covered in class. Participation in class and debate with the learners will be encouraged in order to better assimilate the course content, as well as to better address the questions raised by the learners.
Evaluation and grading system and catch up exams
The overall course assessment is structured around continuous participation and two major in-class assessments conducted during Session 5 and Session 10. These two continuous controls constitute the main body of the grade.
If the module is not validated, a 2-hours retake exam will be scheduled in May. In this case, the mid term marks are cancelled.
Module Policies
Professor-Student Communication
● The professor will contact the students through their school email address (IMT-BS/TSP) and the Moodle portal. No communication via personal email addresses will take place. It is the student responsibility to regularly check their IMT-BS/TSP mailbox.
● Students can communicate with the professor by emailing him/her to his institutional address. If necessary, it is possible to meet the professor in his office during office-hours or by appointment.
Students with accommodation needs
If a student has a disability that will prevent from completing the described work or require any kind of accommodation, he may inform the program director (with supporting documents) as soon as possible. Also, students are encouraged to discuss it with the professor.
Class behavior
● Out of courtesy for the professor and classmates, all mobile phones, electronic games or other devices that generate sound should be turned off during class.
● Students should avoid disruptive and disrespectful behavior such as: arriving late, leaving early, careless behavior (e.g. sleeping, reading a non-course material, using vulgar language, over-speaking, eating, drinking, etc.). A warning may be given on the first infraction of these rules. Repeated violators will be penalized and may face expulsion from the class and/or other disciplinary proceedings.
● The tolerated delay is 5 minutes. Attendance will be declared on Moodle during these 5 minutes via a QR code provided by the teacher at each course start.
● Student should arrive on time for exams and other assessments. No one will be allowed to enter the classroom once the first person has finished the exam and left the room. There is absolutely no exception to this rule. No student can continue to take an exam once the time is up. No student may leave the room during an examination unless he / she has finished and handed over all the documents.
● In the case of remote learning, the student must keep his camera on unless instructed otherwise by the professor.
Honor code
IMT-BS is committed to a policy of honesty in the academic community. Conduct that compromises this policy may result in academic and / or disciplinary sanctions. Students must refrain from cheating, lying, plagiarizing and stealing. This includes completing your own original work and giving credit to any other person whose ideas and printed materials (including those from the Internet) are paraphrased or quoted directly. Any student who violates or helps another student violate academic behavior standards will be penalized according to IMT-BS rules.
Keywords
international accounting, managerial accounting
Prerequisites
Comptabilité pour les managers ACC1201; Analyse financière FIN1201 ou similaire/Introduction to Accounting ACC1201; Fundamentals of Financial Management FIN1201 or similar