(anne-mie.reheul@kuleuven.be) ACCOUNTING TRACK Anne-Mie Reheul (anne-mie.reheul@kuleuven.be) anne-mie.reheul@kuleuven.be

Program overview MA Accounting: Courses Term Credits Leadership Lab Common Part 1   6 Ethics, Responsibility, and Sustainability 2 Business Research Methods 3 Master's Thesis 15 IFRS and Group Accounting Compulsory Management Control and Cost Management Advanced Financial Statement Analysis Electives: From elective list Elective 12 Total 60 The accounting track consists of 3 mandatory accounting courses. There are no accounting-specific electives,

PREPARERS Financial reporting USERS In this track, two perspectives are used to address accounting: (1) those involved in preparing financial statements; and (2) professional users of financial statement information and the underlying accounting system. USERS

accounting regulation PREPARERS: accounting regulation Financial reporting

IFRS and group accounting - group accounting: consolidation techniques - content IFRS (IAS 2, 11, 12, 16, 18-21, 23-24, 27-29, 31-40, IFRS 3, 5, 7) - comparison of the most important international accounting standards (IFRS - US GAAP – European law)

Internal and external USERS Financial reporting Internal and external USERS

Users Advanced financial statement analysis General framework for firm valuation comprising different valuation methods. Application of the general framework in different settings (IPO, credit analysis, mergers and acquisitions). Academic articles on topics related to FSA: importance of FS quality, earnings quality, audit quality, …

Users Management Control and Cost Management Making use of the accounting system : to support decicion-making (pricing decisions, product-mix decisions) - to control managers (budgeting, financial PIs) - to achieve cost reductions

Master thesis Empirical study about, for instance The determinants of timeliness of financial reporting (+\- 20% of Belgian nonprofits exceed the filing deadline... ) the relation between environmental uncertainty and the design of budgeting systems The relation between quality of financial reporting and access to debt

Required prior knowledge Financial accounting Financial statement analysis Management Accounting (basics company law)

Career options Companies Bank sector Finance department: - preparing FS - preparing budgets & budgetary control - financial calculations Bank sector Credit analysis Consulting firms (KPMG, E&Y, Deloitte, …) Independent consultant

Questions ? anne-mie.reheul@kuleuven.be