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Establishment
Language of instruction
English
Teaching content
ACCOUNTING / AUDIT / CONTROL
Training officer(s)
R.BARROSO
Stakeholder(s)
R.BARROSO
Présentation
Prerequisite
na
Goal
Demonstrate an expertise on key concepts, techniques and trends in the use of financial information in the fashion management industry.
The objectives of this course are:
- to understand the process of accumulating, identifying, measuring and recording economic information
- to evaluate the use of accounting information for both external and internal decision making by braking down complex organizational problems and applying the most relevant methodologies.
- to construct expert knowledge from cutting-edge information
We obtain those objectives by using state-of-the-art management techniques
The objectives of this course are:
- to understand the process of accumulating, identifying, measuring and recording economic information
- to evaluate the use of accounting information for both external and internal decision making by braking down complex organizational problems and applying the most relevant methodologies.
- to construct expert knowledge from cutting-edge information
We obtain those objectives by using state-of-the-art management techniques
Presentation
The course is an introduction to accounting designed for business students. The main purpose of this course is to deal with the construction of accounting information and its external and internal use.
The approach is based on the following ideas:
- We adopt a user perspective, rather than a producer one, because most students will become users of financial statements, internally (managers, executives…) or externally (investors, analysts…), rather than preparers of financial statements. Hence, the financial information a company uses to internally determine its performance is also used by investors and analysts to assess a company in the marketplace.
- Decision-making is pivotal in the daily activity of managers. These decisions cover a wide range of topics, including launching products, pricing, make or buy decisions, dropping a product or an activity, etc. Managers make their decisions based on a mix of financial, economic and strategic analyses. One of the primary roles of accounting is to provide useful information for these decisions, assessing the profitability of alternatives. This course is aimed at providing students with various calculation methods that can be used for decision-making. - Decision-making is pivotal in the daily activity of managers. These decisions cover a wide range of topics, including launching products, pricing, make or buy decisions, dropping a product or an activity, etc. Managers make their decisions based on a mix of financial, economic and strategic analyses. One of the primary roles of accounting is to provide useful information for these decisions, assessing the profitability of alternatives. This course is aimed at providing students with various calculation methods that can be used for decision-making.
The approach is based on the following ideas:
- We adopt a user perspective, rather than a producer one, because most students will become users of financial statements, internally (managers, executives…) or externally (investors, analysts…), rather than preparers of financial statements. Hence, the financial information a company uses to internally determine its performance is also used by investors and analysts to assess a company in the marketplace.
- Decision-making is pivotal in the daily activity of managers. These decisions cover a wide range of topics, including launching products, pricing, make or buy decisions, dropping a product or an activity, etc. Managers make their decisions based on a mix of financial, economic and strategic analyses. One of the primary roles of accounting is to provide useful information for these decisions, assessing the profitability of alternatives. This course is aimed at providing students with various calculation methods that can be used for decision-making. - Decision-making is pivotal in the daily activity of managers. These decisions cover a wide range of topics, including launching products, pricing, make or buy decisions, dropping a product or an activity, etc. Managers make their decisions based on a mix of financial, economic and strategic analyses. One of the primary roles of accounting is to provide useful information for these decisions, assessing the profitability of alternatives. This course is aimed at providing students with various calculation methods that can be used for decision-making.
Modalités
Organization
| Type | Amount of time | Comment | |
|---|---|---|---|
| Présentiel | |||
| Cours interactif | 16,00 | ||
| Autoformation | |||
| Lecture du manuel de référence | 4,00 | ||
| Travail personnel | |||
| Group Project | 10,00 | ||
| Charge de travail personnel indicative | 20,00 | ||
| Overall student workload | 50,00 | ||
Evaluation
Course not graded
Ressources
Bibliography
SEE BELOW - SEE BELOW
The first part of the course is based on the following book: “Financial Accounting and Reporting: A Global Perspective” (co-authored by Prof. Hervé Stolowy with Prof. Michel Lebas and Prof. Yuan Ding), Cengage Learning, Andover, UK, 4th edition 2013 (or later). The second part of the course is based on: “Malea Fashion District: How Successful Managers Use Financial Information to Grow”. Antonio Davila & Daniel Oyon. Vease Ediciones; 2nd edition (February 23, 2013) You can get a review of the concep