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

2. 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,

3. 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

4. accounting regulation
PREPARERS:
accounting regulation
Financial reporting

5. 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)

6. Internal and external USERS
Financial reporting
Internal and external USERS

7. 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, …

8. 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

9. 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

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

11. 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

12. Questions ?