Master of Science in International Financial Analysis

The objective is to acquire key skills in budget management and reporting. Particular emphasis will be placed on budget architecture, including the implementation of summary documents, project management control and its connection with budget management, as well as the creation and monitoring of dashboards.

This module aims to teach the creation of a Business Plan: designing a financial project for starting or expanding a business. Several key steps are covered :

• Feasibility study
• Market targeting
• Opportunities and risks
• Strengths and weaknesses
• Communication
• Financial planning and profitability

• Perfect the techniques of understanding and communication in the English language in a context broader than the field of business English.

• This module aims to deepen students’ IT skills to meet the demands of companies in terms of budgetary or commercial monitoring, project management, personnel management, and communication : Excel, Word, PowerPoint, team collaboration tools, business software.
• Its goal is to develop proficiency in office tools, quickly identify and correct errors, customize existing tools, or create one’s own tools.

• The business game is conducted using a management simulator.
• Groups of students are responsible for managing a company in real-time.
• All major functions of the company are addressed.
• Students will make decisions aimed at maximizing the company’s profitability.

This module allows learners to enhance their CV and professional presence through various practical exercises (professional simulations, public speaking, etc.) :

• Practical and professional workshops (CV, professional social networks, coaching, etc.)
• As well as career conferences and master classes.

• General accounting aims to explain the ‘reasons for being’, the main uses, the documents, and the mechanisms of general accounting, notably :
• The purpose, content, and use of the Balance Sheet and the Income Statement of an organization
• The mechanisms that enable the link between these two financial statements
• The accounting entry of the main business transactions
• This introductory module in general accounting has the primary objective of providing every student, regardless of their career plans, with a basic accounting culture to understand the content of financial statements and use them to communicate with accountants.

• Modern tools of financial diagnosis to conduct a comprehensive analysis of the company.
• Tools to support financial diagnosis: analysis of profitability, solvency, and financial structure of the company.
• Study of profitability.

• Break-even point calculation and dead point analysis
• Budget management techniques
• Activity monitoring and dashboards
• Analysis and application of management control, cost calculation methods, analysis center methods, national allocation of fixed costs, marginal cost, partial costs.

• Evaluation of operations and the company’s level of control.
• Providing advice and studying tools to contribute to value creation.
• Evolution of the auditor’s profession.

• The seminar covers the tasks of auditing accounts as well as the procedures, tests, methods, and audit tools.
• Presentation of legal audit, general aspects, and implementation of the audit, assessment of internal control, specific checks, and final mission reports.
• Analytical procedures, physical controls, and management declarations.

• Mastery of the accounting procedure.
• Consolidation of financial statements.
• Allocation of profits.
• Capital reduction.
• Valuation of securities.
• Formation of companies.
• Capital increase.
• Convergence of the French GAAP (PCG) towards IFRS standards.

• Mastery of fundamental concepts for making financial forecasts.
• Sources of information, sector analysis, analysis of economic and financial performance, analysis of financial structure and financing methods.

• Definition of business law. The concept of contracts. Obligations of means and results.
• The concept of legal personality, the functioning of SARL, SA, and SNC.
• Criteria for choosing a business structure.

• Presentation of the IFRS and US GAAP frameworks.
• Comparison of financial flows over time.
• Organization of the accounting framework, conceptual framework of standards, and presentation of financial statements under IFRS/US GAAP.
• Valuation and accounting of financial instruments.

• Investment projects: selection criteria and the real options approach.
• Financing methods: quasi-equity, bond financing, negotiable debt securities, initial public offerings, venture capital.
• Explanatory theories of financing choices.
• Cash management and centralized cash flow management.

• The principles and scope of corporate tax (IS), tax optimization within a group.
• International taxation.
• VAT: principles and mechanisms.
• Special VAT regimes.
• VAT territoriality : rules of VAT territoriality, supply of movable goods, service provision.
• VAT liability : VAT base and its calculation.

This hybrid-delivered module will provide an understanding of the role of the Financial Markets Authority in regulating and supervising financial markets through the following topics :

• Financial instruments.
• Crypto-assets and risks.
• Collective investment management.
• Functioning and organization of markets.
• Post-trade and market infrastructures.
• Issuance and securities operations, and finally the accounting and financial fundamentals.
• Financial instruments.
• Crypto-assets and risks.
• Collective investment management.
• Functioning and organization of markets.
• Post-trade and market infrastructures.
• Issuance and securities operations, and finally the accounting and financial fundamentals.

• Comprendre et maitriser les principes d’actualisation et de capitalisation.
• Calcul des intérêts.
• Comparaison des flux financiers dans le temps.
• Calcul des principaux indicateurs de rentabilité dans un projet d’investissement.

• Diagnosis based on individual and consolidated financial statements.
• Study of profitability, solvency, financial structure, and return (ROCE, ROE).
• Analysis of listed and unlisted companies.

• Definition of the concept of a group.
• Regulatory and legal framework.
• Scope and methods of consolidation.
• Full consolidation and disclosure.
• Restatement of intra-group transactions and results.
• Presentation of group financial statements.

• From CSR practices to the implementation of the CSRD.
• European (ESRS) and international sustainability standards.
• In-depth study of E/S/G criteria.
• Analysis of sustainability reporting.
• Ability to conduct a non-financial diagnosis.
• Study of the connectivity between financial and non-financial reporting.
• Connection with sustainability reporting.
• The challenges of double materiality.

• The conceptual framework.
• The presentation of financial statements.
• The content of the main standards.
• The concepts of financial position and financial performance.
• Intangible assets and business combinations.
• The importance of cash flows.
• Impairment tests.
• Financial instruments and the treatment of derivatives under IFRS.

• Asset-based and goodwill-based methods.
• DCF-based methods.
• Analogous methods.
• From value to price, internal and external factors to the parties involved in the transaction and transfer.
• Study of the fiscal, financial, and social constraints of a transfer.
• LBO (Leveraged Buyout) transactions.
• Establishment of holdings and their impact on cash flow.
• Leveraged financial structuring.
• Governance of companies under LBO.

• Budgeting and centralization of intra-group treasury operations.
• Cash management investments and financing.
• The use of derivative products for hedging interest rate and exchange rate risks.

• Understanding the organization of equity markets, money markets, and bond markets, from order placement to post-trade operations (delivery, settlement), including trading and order execution.
• Understanding institutional frameworks (AMF, ESMA, SEC, etc.).
• Acquiring valuation techniques and risk management for major financial instruments.
• The crypto-assets market (bitcoin, etc.).
• Portfolio management and SRI (Socially Responsible Investment).

• Master the technical knowledge required by the financial profession (financial instruments and risk, third-party asset management, functioning and organization of markets, securities issuance and transactions).
• Practice and take the certification exam.

• Complex financial structures designed to meet the financing needs of large companies and projects through bond issuances, securitization, mezzanine financing, and syndicated loans.
• The focus is on risk management, tailored structuring, and optimizing financing costs.
• The challenges of bank and bond debt.
• Public offers (tender offers, exchange offers, etc.) and IPOs.

• Master the main entities involved in M&A transactions by explaining their key stages.
• Familiarize with the technical vocabulary and understand the documents prepared by the key players in such transactions.
• All stages of a merger and acquisition transaction will be detailed, including the pre-contractual phase and the negotiation phase (conditions precedent, asset and liability guarantees, reiterative agreements).
• A focus will also be made on other forms of M&A transactions (merger, partial asset contribution, spin-off).

• Understand how investment funds operate.
• The institutional environment of private equity.
• The different types of financing structures (SCR, FCPR, etc.).
• Funding for start-ups (business angels, etc.) and the role of fintechs.
• ESG issues in private equity.
• Ethical, green, and social funds, etc.
• Techniques in ICOs (Initial Coin Offerings).

• This module allows learners to enhance their CV and professional posture through various activities, including simulations (professional simulations, public speaking, etc.) ;
• Practical and professional workshops (CV, professional social networks, coaching, etc.) ;
• As well as career-focused conferences and masterclasses.

• Organize data from multiple sources in different formats to build clear dashboards.
• Automate data collection to reduce decision-making time and minimize errors due to re-entry.
• Present data and enhance the visual communication of information.

From recruitment to training, including the implementation of an attractive compensation policy, processes, procedures, and indicators to be set up to ensure effective management of employees and their roles within the company.

• Understand the strategies to support financial developments within organizations, such as managing restructurings, integrating new financial tools, and ensuring compliance with regulations.
• The focus is on communication, training, and managing stakeholder resistance.
• The goal is to ensure a smooth transition to optimized and sustainable financial practices.

• Deepen advanced data analysis using Python and harness the potential of Generative Artificial Intelligence (GenAI).
• Learn how AI techniques can enhance data interpretation and communication through prompt engineering.
• Apply data processing strategies to real-world cases.
• Develop a critical mindset essential for advancing in the field of data.

• Explores the principles of credit risk management in financial institutions and businesses.
• It covers solvency assessment, credit ratings, financial analysis, and scoring models.
• The focus is on identifying, measuring, and managing default risks, as well as understanding regulatory frameworks (Basel Agreements).

• Utilize quantitative data for financial evaluation and decision-making.
• Study of techniques for processing, visualizing, and statistical modeling applied to financial statements and performance indicators.
• Learn to interpret financial ratios, forecasts, and market trends to master fundamental analysis, auditing, and asset management.

• The construction of internal and external financial reporting.
• Forms and mediums of financial communication.
• The regulatory environment in force (United States, Europe, etc.).
• The constraints of supervisory authorities (SEC, AMF, etc.).
• The policy of rating agencies. Information and communication indicators.
• Communication with partners.

• Enable learners to understand the expectations of the applied research thesis.
• Formulate a research problem, build a literature review, choose the study methodology, and make recommendations.

• Written exams
• Thesis defense