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

Transcript:Anne-Mie Reheul (anne-mie.reheul@kuleuven.be):
Anne-Mie Reheul (anne-mie.reheul@kuleuven.be) anne-mie.reheul@kuleuven.be ACCOUNTING TRACK Financial reporting PREPARERS USERS Financial reporting PREPARERS: accounting regulation IFRS and group accounting group accounting: consolidation techniques 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) B.Kegels Certified external auditor BDO Financial reporting External and internal USERS Advanced financial statement analysis General framework and methods for firm valuation Application in different settings (IPO, credit analysis, mergers and acquisitions). Academic articles related to the analysis of FS: importance of FS quality, earnings quality, audit quality, … Users Prof. dr. I. Simac dr. W. Creemers Management Control and Cost Management Use of the accounting system by internal managers to: support decision-making (pricing decisions, product-mix decisions, …) control managers (budgeting, financial performance indicators, …) - achieve cost reductions Users Prof. dr. A. Hoppe Program overview Master thesis Research questions about: window-dressing of financial statements Auditor choice, audit quality Financial performance Financial management: capital structure, cash policy, cost structure … Determinants such as: auditor characteristics (Big4/NonBig4, sector expertise) CEO/CFO characteristics (educational background, tenure, …) law and regulation (e.g. EU audit regulation) governance (composition of the board of directors) Data collection via databases available @ KU Leuven Accounting track NOT: bookkeeping BUT: financial reporting in a broader perspective Required prior knowledge Financial accounting Financial statement analysis Management Accounting (Basics company law) Career options Consulting firms (KPMG, E&Y, Deloitte, …) Companies Finance department: - head of financial reporting - controlling: preparing budgets managerial performance evaluation Other departments: - financial calculations Bank sector Credit analysis Public sector (NBB, EU) Study departments Independent consultant Career options Accounting profiles are very much wanted on the job market! Financial reporting is legally required Wide sector of service providers in the accounting domain Good understanding of accounting numbers is a valuable skill for managers/leaders of any type of business/business unit In Belgium: accounting profiles in top 10 of bottleneck professions Further questions? anne-mie.reheul@kuleuven.be