Aims

2 Has knowledge and understanding of the different domains of business management and the coherence between them.

2.a Understands basic theories, basic terms, and basic concepts of each management domain, in particular with respect to the financial, operational, commercial and organisational activities, and applies them when solving (business) economics problems.

2.a.1 Understands correct entries within the system of double entry bookkeeping based on supporting documents.

2.a.2 Understands how the financial situation of a company can be measured and evaluated.

2.a.3 Understands the possible classifications of costs and makes this reasoning itself at a given cost in a given situation.

2.a.4 Understands the different cost methods and also applies these methods to a given initial situation.

2.e Has insight into the current financial reporting regulations and applies them to register financial transactions.

2.e.1 Has insight into the accounting system and corporate financial statements and applies it when registering the common commercial and financial operations, transactions concerning fixed assets, current assets and liabilities, including the transactions at year-end.

2.e.2 Has insight into the choices concerning valuation rules and can make a targeted choice in view of an image-oriented versus tax-efficient presentation in the financial statements.

2.f Assesses the financial performance of an organisation based on a thorough understanding of the structure and preparation of annual accounts and also based on the critical use of several techniques of financial analysis; produces recommendations to adjust the financial policy.

2.g Analyses critical methods of cost accounting and uses them accurately when taking management decisions.

2.t Analyses issues in different management domains on the basis of appropriate theories, concepts and models and proposes a scientifically sound solution.

2.t.1 Analyses the financial situation of an existing company and is able to formulate recommendations about the financial policy based on the information generated by the financial statement analysis.

2.t.2 Analyses the impact of a specific cost system on the profit or loss in a given situation.

12 Recognises the social and ethical aspects of management and can reflect critically on them.

12.a Estimates the impact of business operations on various stakeholders and society.

12.a.1 Reflects on the impact of financial figures and decisions on various stakeholders (suppliers, customers, staff, ...).

Previous knowledge

Basic knowledge of the accounting technique is advisable, but not required.  Basic techniques will be explained during the first lectures. 

Identical courses

This course is identical to the following courses:
D0X47A : Interne en externe financiële verslaggeving
HTH82A : Interne en externe financiële verslaggeving (BL)
Y05069 : Interne en externe financiële verslaggeving (S)
HSH85A : Interne en externe financiële verslaggeving (S)

Is included in these courses of study

• Bridging Programme: Master of Business Administration (Brussels) 60 ects.
• Preparatory Programme: Master of International Business (Programme for students started before 2022-2023) (Brussels) 27 ects.
• Preparatory Programme: Master of Business Administration (Programme for students started before 2023-2024) (Brussels) 90 ects.
• Courses for Exchange Students Faculty of Economics and Business (Brussels)
• Preparatory Programme: Master of International Business (Programme for students started in 2022-2023 or later) (Brussels) (Track 2: Preparatory Quantitative Methods for Business Administration) 27 ects.
• Preparatory Programme: Master of Business Administration (Programme for students started in 2023-2024 or later) (Brussels) 75 ects.