MSc International Finance

Module 1 : Company Valuation

Firm valuation methods are traditionally used in several processes such as mergers & acquisitions, transmission, investment. Valuation implies an in depth analysis of the strategic position of the firm (competitors, products, market) in order to build forecasts on future financial equilibrium. How does this strategic information transform into numbers? How do these numbers transform into forecasts? And how are these forecasts used in valuation models? This course will try to answer these three questions by an overview of the traditional valuation models and their implementation through a large number of examples.

Module 2 : Principles of Financial Reporting Analysis

Financial Accounting, Reporting and Analysis will give the student the tools enabling optimal understanding of the various accounting documents issued by the company (balance sheet, income statement, flow charts). Particular attention will be paid to the impact on the accounts of certain management decisions relating to the accounting for inventories, depreciation policy, the use of funding non-conventional. Analysis of accounts by various recognized methods will help to awaken the critical spirit of the student on the methods of publication accounts chosen by different societies studied.

Module 3 : Corporate and Investment Decisions

The course is a continuation of the basic concepts of corporate finance relating to time value of money, risk, return and securities’ valuation already taught in ESC1. It examines the important issues in corporate finance from a perspective of financial managers who need to make significant investment and financing decisions. The course integrates the underlying theories and corporate practices for developing a rational decision making framework for finance managers. The course aims at providing knowledge of fundamentals of corporate finance and an understanding of major corporate finance decisions involving long and short-term investments, financing and income distribution. It provides an insight into the way corporate finance managers scan the business environment and take decisions for creating wealth.

Module 4 : Introductory Econometrics for Finance

The purpose of this seminar is to provide students with an introduction to econometrics in finance. Each 3-hour session includes a theoretical part, then a comment of program, and finally a year of implementation to achieve at the meeting on machine, by students. The applications are programmed under Excel, Minitab, and Eviews software.

Module 5 : FinTech

This course will help students understand the latest trends and their effect on the Financial services industry. It will provide them with exposure to new Fintech services within a critical framework while assessing traditional money, banking and financial systems. In other words, we will take a look at what constitutes FinTech, what the main growth sectors are, and what opportunities it offers compared to traditional financial services.

Module 6 : Forecasting and Business Environment