Visualisation plan de cours
2026 / 2027
EM09HM03
Essential Concepts in Financial Analysis
Programme
PGE PGE4 FI
Semestre
B
Coefficient
5
Volume horaire
Face à face : 27 H
Travail personnel indicatif : 54 H
Discipline
Finance
Nombre de places
45
Cours ouvert aux étudiants visitants
Non
Langue d'enseignement
Anglais
Responsable
SERVEY
Discipline
Finance
Descriptif
The course provides an overview of the key concepts used to conduct a financial and stock market analysis. The introduction points out the growing importance of reliable financial statements in a globalization context. The first part covers the financial accounts. The second part covers the most frequently used measures and techniques to conduct a financial accounts'analysis. In this section, particular attention is paid to value creation for shareholders. The last part covers the tools and techniques used to conduct a stock market analysis.Oral interaction in class will be facilitated by the numerous quiz which will be answered.
MAC
Auditer et évaluer des pratiques managériales/Audit and evaluate managerial practices
5 ECTS
Contribution pédagogique du cours au programme
Develop impactful management using the latest knowledge and tools in the fields of management |
|---|
| Determine a strategic and managerial vision in a complex, uncertain and changing environment |
| Evaluate sustainable managerial practices using managerial concepts and instruments as well as digital tools |
| Design solutions adapted to organizational problems by applying relevant methodologies |
Practice impactful management in a multicultural and international environment, driven by a "European mindset" |
| Communicate in a professional context in (foreign) languages, in writing and/or orally |
Organisation pédagogique
Face-to-face
- Lectures- Tutorials
- E-learning
In group
- ExercisesInteraction
- Other : quizObjectifs pédagogiques - COGNITIVE DOMAIN
A l'issue du cours, l'étudiant(e) devrait être capable de / d'...
- break down the accounts analysis following 4 major steps (margin analysis, efficiency analysis, financing, profitability and risk analysis)
- determine key financial analysis and stock market analysis indicators
- interpret the accounting ratios and stock market indicators to point out the strengths and weaknesses of a financial situation
- rank financial indicators between accounting and economic indicators
- interpret the major financial documents (income statement, balance sheet and cash flow statement), and highlight their respective interdependencies.
- combine risk measures (liquidity ratio, gearing ratio) to point out certain areas of risk such as high financial leverage and distinguish between high returns driven by risk and true value creation
Objectifs pédagogiques - AFFECTIVE DOMAIN
A l'issue du cours, l'étudiant(e) devrait être capable de / d'...
- exemplify the growing importance of effective accounting systems and reliable financial documents in the context of an accelerated globalization.
Objectifs pédagogiques — Objectifs de développement durable (ODD)
ODD portés par la politique RSO de l'EM.
Plan / Sommaire
I General introduction
II Financial accounts
1. Accounting: A crucial information source for decision making
2. Profit and loss statement
3. Balance sheet
4. Cash flow statement
5. Statement of changes in equity
6. Relationships between financial statements
III Financial accounts'analysis
1. From financial accounts to financial analysis
2. Profitability analysis
3. Efficiency analysis
4. Value creation and performance measurement
5. Risk analysis and financial leverage
6. How to conduct a financial analysis?
IV Stock market analysis
1. Key financial concepts for shares
2. Market multiples
3. How to conduct a stock market analysis?
V General conclusion
II Financial accounts
1. Accounting: A crucial information source for decision making
2. Profit and loss statement
3. Balance sheet
4. Cash flow statement
5. Statement of changes in equity
6. Relationships between financial statements
III Financial accounts'analysis
1. From financial accounts to financial analysis
2. Profitability analysis
3. Efficiency analysis
4. Value creation and performance measurement
5. Risk analysis and financial leverage
6. How to conduct a financial analysis?
IV Stock market analysis
1. Key financial concepts for shares
2. Market multiples
3. How to conduct a stock market analysis?
V General conclusion
Prérequis nécessaires
Connaissances en / Notions clés à maîtriser
Basic knowledge in - accounting - corporate finance- basic knowledge of financial statements - Time value of money concepts (NPV, Future value)
Supports pédagogiques
Mandatory tools for the course
- Computer- Calculator
- Reference manuals
Documents in all formats
- Photocopies- Worksheets
Moodle platform
- Upload of class documents- Assessments
- Coaching/mentoring
Adossement à la recherche
Bibliographie/références académiques
VERNIMMEN newsletter:http://www.vernimmen.com/html/letter/index.php lettre VERNIMMEN: http://www.vernimmen.net/html/lettre/index.php Further references to academic litterature can be found at the end of every chapter of the VERNIMMEN textbookModalités d'évaluation
Liste des modalités d'évaluation
Evaluation intermédiaire / contrôle continu 1
specified on the moodle page
Compétence mesurée
ILO1.1-PGE, ILO1.2-PGE, ILO1.3-PGE
Evaluation intermédiaire / contrôle continu 2
specified in class
Compétence mesurée
ILO1.1-PGE, ILO1.2-PGE, ILO1.3-PGE
Evaluation finale 3
Semaine d'examens
Compétence mesurée
ILO1.1-PGE, ILO1.2-PGE, ILO1.3-PGE
Seconde chance
Semaine d'examens
Compétence mesurée
ILO1.1-PGE, ILO1.2-PGE, ILO1.3-PGE