Advanced Accounting

This class exists in these courses :
• FLSEG > Master in Management of Compagnies > Unité d'enseignement spécialisé > 4,00 ECTS
• FLSEG > Masters in international corporate management > Unité d'enseignement spécialisé > 4,00 ECTS

Prerequisites

The structure of "classic stock" (as accounting and tax forms)
FR, BFR, net cash
Cash flow statements

Learning outcomes

Allow students to read and understand a balance sheet (revision), to understand how to take an economic balance and transfer it to a balance sheet (assets versus economic investments), then assess and act on the creation or destruction of economic value within an organization

Course description

Part 1: Introduction
Part 2: From balance sheet to an economic balance
- Comrehension reviews and reading. Reading: balance sheet and financial tables
(Mini case BOILEVE SA)
- How to go from a balance sheet to an economic balance
(Mini St Gobain case)
- What is economic assets and how is it financed?
Leverage effect of debt or a club effect?
(Cases Porsche Volkswagen)
Part 3: the creation or destruction of economic value
- Strategy, pre-requisite for the creation of economic value (FCS and competitive advantage).
The textile industry case: group work
- Strategies to break (Cirque du Soleil and the Nintendo Wii)
- Understand the logic of calculating the weighted average cost of capital
- What is ROCE (divided into profitability and economic asset turnover), why is it more appropriate that a financial return for a shareholder? Operational efficiency (Zara vs Hermes)
- The Value Management (Presentation: Marc source Bertonèche HBS)

At the conclusion of the course: Students will approach the limits of management by the mere creation of economic value, and will know to put the "cursor" between what is morally desirable (see crisis), but not necessarily economically efficient.

Class type

Class structure

Note on organization: the division of lecture and tutorials will vary, since the maximum amount of interaction is desired.

Teaching methods

• Lecture
• Tutorial

Assessment

Recommended reading

• . - .

  Le VERNIMMEN (Pascal Quiry – Yann Le Fur) - Editions Dalloz
  La création de valeur (Grégory Denglos) – Editions Dunod
  Stratégie Océan Bleu (W Chan Kim – Renée Mauborgne) – Village Mondial
  Marc Bertonèche : Value based management
  Rapport de Clarisse Perotti sur l’industrie textile (chargée de mission auprès d’Hervé Novelli).
  Thèse professionnelle HEC : « proposition d’un modèle pour la création de valeur économique dans l’industrie textile : focus sur l’agglomération de Roubaix Tourcoing » (auteur : Phi