This course is designed for participants who do not have any prior background in financial accounting. It is a foundation course in financial accounting & reporting that is delivered as part of the MBA program. The different elements of financial statements are treated in terms of content, presentation and analysis and the basics in accounting techniques are taught.

 The Management Accounting course is also an introductory course. It relies on financial accounting by reorganizing the information produced to calculate costs, margins and profits. These calculations concern not only the products and/or services provided by the company. But the cost calculations can relate to a function, an entity, a process, etc. This optional and internal accounting offers a double dimension, accounting and management. It contributes to the valuation of certain elements in the balance sheet and the income statement and it also allows managerial decisions in relation to conservation, subcontracting, discontinuation of activities, maximization under constraint, pricing, capacity management, etc.

 This course is not oriented towards calculation. It aims at developing a critical thinking by questioning any cost calculation which always represents an opinion about how resources are consumed by a cost object. It wants to help you integrating the cost concepts in your (strategic) thinking and facilitate your dialog with management accountants.