Code
MUFE ACC 3403
Niveau
L3
Discipline
Comptabilité, contrôle de gestion
Langue
Anglais/English
Crédits ECTS
3
Heures programmées
18
Charge totale étudiant
60
Coordonnateur(s)
Département
- Data analytics, Économie et Finances
Equipe pédagogique
Introduction au module
This course introduces students to the interpretation of financial statements under international standards. It covers the purpose, users and components of financial reporting, with a focus on the balance sheet, income statement, statement of cash flows and statement of changes in equity. Students also learn how to analyse financial performance through ratio analysis, DuPont analysis and ESG reporting.
Finalité d'apprentissage (Bloc de compétences)
- 6. Concevoir et/ou piloter des solutions de gestion innovantes en veillant à garantir une création de valeur soutenable pour toutes les parties prenantes
Objectifs d'apprentissage
- 6.3 - Produire et analyser les principaux documents de synthèse, dans le but de s'assurer d'une gestion optimale, durable, en veillant à son alignement sur la vision, mission et les valeurs de l'organisation.
Traits de compétences
By the end of this PGE L3 course, students will be able to:
1. Describe the purpose, users and main components of financial statements under international reporting standards.
2. Identify and interpret the main elements of the balance sheet, including assets, liabilities and equity.
3. Analyse the structure of the income statement by distinguishing revenue, expenses, gains and losses.
4. Interpret the statement of cash flows by classifying cash flows into operating, investing and financing activities.
5. Explain the role of the statement of changes in equity and its relationship with balance sheet equity.
6. Calculate and interpret liquidity, efficiency, leverage, profitability and market valuation ratios from financial statements.
7. Apply DuPont analysis to decompose return on equity and assess the drivers of financial performance.
8. Analyse the main components of ESG reporting and relate them to financial statement interpretation and corporate performance analysis.
Contenu : structure du module et agenda
0 Preparation
0.1 Course Outline
0.2 Learning Objectives
0.3 Evaluation
0.4 Class Policies
0.5 Exam Policies
0.6 References
Chapter 1 Introduction
1.1 How does a firm work?
1.2 Purpose (Why?)
1.3 Users (For whom?)
1.4 Components (What?)
1.5 GAAP vs. IFRS (Where?)
Chapter 2 Balance Sheet
2.1 Balance Sheet Structure
2.2 Assets
2.3 Liabilities
2.4 Equity
Chapter 3 Income Statement
3.1 Income Statement Structure
3.2 Revenue and Expenses
3.3 Gains & Losses
3.4 Income Statement Breakdown
Chapter 4 Statement of Cash Flow
4.1 Purpose
4.2 Operating Activities
4.3 Investing Activities
4.4 Financing Activities
4.5 Statement of Cash Flow Structure
Chapter 5 Statement of Changes in Equity(SOCIE)
5.1 Key components
5.2 SOCIE vs. Balance Sheet Equity
Chapter 6 Ratio Analysis
6.1 Principles
6.2 Common-size Financial Statements
6.3 Liquidity Ratios
6.4 Efficiency (Activity) Ratios
6.5 Leverage Ratios
6.6 Profitability Ratios
6.7 Market (Valuation) Ratios
Chapter 7 DuPont Analysis
7.1 ROE Decomposition
7.2 Interpretation
Chapter 8 ESG Statement
8.1 Regulatory Context
8.2 ESG Pillar
Contribution à l'atteinte des ODD (Objets du Développement Durable)
SDG 12 – Responsible Consumption and Production: This course contributes to SDG 12 by helping students interpret financial and ESG reporting, thereby supporting more transparent assessment of corporate performance and sustainability practices.
Nombre d'ODD abordés parmi les 17
1
Apprentissage
synchrone
Méthode pédagogique
The course combines lectures, guided exercises, case studies, problem-solving sessions and student presentations. Lectures introduce the key concepts, reporting statements and analytical frameworks. Guided exercises and problem-solving sessions help students apply financial statement analysis techniques step by step. Case studies and student presentations require students to analyse the financial report of a real company and communicate their interpretation in a structured way.
Système de notation et modalités de rattrapage
Attendance is mandatory for this course.
The assessment evaluates students’ ability to interpret financial statements under international standards and to apply the analytical tools covered in class. It measures their capacity to identify the structure and meaning of financial statements, calculate and interpret financial ratios, conduct DuPont analysis, analyse ESG information, and present a structured assessment of a company’s financial situation.
The final grade consists of:
• Mid-term closed-book written exam: 30% of the final grade.
• Group project: 30% of the final grade, with 2 students per group.
• Final closed-book written exam: 40% of the final grade.
• Bonus points may be awarded based on attendance and participation in class discussions.
Each student will receive an individual grade for the group project.
In case of absence from an exam, the grade for that exam will be 0. If the absence is justified and validated by the administration, the corresponding exam will be neutralised.
There is no separate resit exam for the mid-term exam alone.
In case of failing the course, a closed-book written resit exam will be organised. The resit exam will stand alone as the final grade for the course and will be capped at 10/20.
Règlement du module
1. Professor–Student Communication
The professor will communicate with students through their institutional school email address (IMT-BS/TSP) and/or the Moodle portal. No communication will be sent to personal email addresses. Students are responsible for regularly checking their IMT-BS/TSP mailbox and Moodle announcements.
Students may contact the professor by email using the professor’s institutional email address. When necessary, students may meet the professor during office hours or by appointment.
2. Students with Accommodation Needs
Students who have a disability or any specific accommodation need that may affect their ability to complete the required work must inform the professor during the first class, in order to facilitate the necessary arrangements in accordance with the school’s applicable procedures.
3. Class Attendance and Behaviour
Students are expected to attend class, arrive on time and behave respectfully throughout the session.
Unless explicitly authorised by the professor, the use of electronic devices, including computers, mobile phones and tablets, is prohibited during class. Students are not allowed to take photos, videos or audio recordings in the classroom without the professor’s explicit consent.
Students must avoid disruptive or disrespectful behaviour, including arriving late, leaving early, sleeping, reading non-course material, using inappropriate language, speaking over others, eating or drinking during class, or engaging in any behaviour that disturbs the class. A warning may be given for a first violation. Repeated violations may lead to penalties, exclusion from the class and/or disciplinary proceedings.
A delay of up to 10 minutes is tolerated at the beginning of class. Attendance will be recorded on Edusign during this 10-minute period using a QR code provided by the professor at the start of each session.
Leaving the classroom before the end of the session without the professor’s approval will be considered an absence.
In the case of remote learning, students must keep their camera on unless instructed otherwise by the professor.
4. Exams and Assessments
Students must arrive on time for exams and other assessments. A delay of up to 10 minutes is tolerated.
No student may continue the exam once the allocated time is over. No student may leave the room during an examination unless they have finished the exam and handed in all required documents.
Only the following items are allowed during exams:
• pens;
• student card;
• a non-programmable calculator, or a programmable calculator with activated EXAM mode.
All other items are prohibited.
Possession of any unauthorised electronic device, even if turned off, will be considered cheating.
Possession of a programmable calculator without activated EXAM mode, even if turned off, will be considered cheating.
A random check may be carried out after students are instructed to activate EXAM mode. Failure to prove that EXAM mode has been activated after this instruction will be considered cheating.
Students are responsible for knowing how to activate EXAM mode on their calculator before the exam.
Any violation of the instructions given by the professor or the examination supervision team will be reported to the Discipline Committee.
Références obligatoires et lectures suggérées
1. Harrison, W. T., Horngren, C. T., Thomas, C. W., Tietz, W. M. and Suwardy, T., Financial Accounting IFRS, Global Edition.
2. Kieso, D. E., Weygandt, J. J. and Warfield, T. D., Intermediate Accounting IFRS.
3. Palepu, K. G. and Healy, P. M., Business Analysis and Valuation: Using Financial Statements.
4. Robinson, T. R., Henry, E., Pirie, W. L. and Broihahn, M. A., International Financial Statement Analysis.
5. Elliott, B. and Elliott, J., Financial Accounting and Reporting.
6. Alexander, D., Britton, A., Jorissen, A., Hoogendoorn, M. and van Mourik, C., International Financial Reporting and Analysis.
Mots-clés
Financial statements; IFRS; balance sheet; income statement; cash flow statement; statement of changes in equity; financial ratios; liquidity; leverage; profitability; DuPont analysis; ESG reporting; financial performance.
Prérequis
LinkedIn Learning - Statistics Foundations 1 and 2