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HEC Management School - University of Liege
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Master degree in Management, professional focus in Financial Analysis and Audit
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Or
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Th
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Pr
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Au
 | Credits
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 First Year
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 Compulsory courses
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| 
DROI1262-1
 | 
Labour Law - Paul Crahay
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
GEST1079-3
 | 
Entrepreneurship (english language) - Jean-Marie Choffray
 | Q1
 | 30
 | -
 | -
 | 5
 |
| 
GEST3029-1
 | 
International Strategy (english language) - Nathalie Crutzen, Nicolas Neysen
 | Q2
 | 18
 | -
 | -
 | 3
 |
| 
INFO2039-2
 | 
Management Information Systems (english language) - Ashwin Ittoo
 | Q1
 | 30
 | -
 | -
 | 5
 |
| 
GEST3030-1
 | 
Development of managerial skills - Jean-Marie Dujardin, Jocelyne Robert - Suppl : Sabine Hauser
 | TA
 | 12
 | -
 | -
 | 2
 |
| 
MQGE0005-5
 | 
Quantitative Methods in Management (english language)
 |
 |
 |
 |
 | 5
 |
| | - | 
Part : Operations Research - Yasemin Arda
 | | 15
 | -
 | -
 | |
| | - | 
Part : Statistics - Cédric Heuchenne
 | | 15
 | -
 | -
 | |
| 
MARK0781-2
 | 
Strategic Marketing (english language) - Zelal Ates, Cécile Delcourt, Jean Tondeur
 | Q1
 | 30
 | -
 | -
 | 5
 |
| 
FINA0050-1
 | 
Valuation and Capital Budgeting (english language) - Marie Lambert, Alain Schockert
 | Q1
 | 30
 | -
 | -
 | 5
 |
| 
GRHO0017-2
 | 
Change Management (english language) - Olivier Lisein
 | Q1
 | 30
 | -
 | -
 | 5
 |
 Optional courses
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|  Choose one language course from the following :
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| 
Notice access to basic-level language courses is subject to a number of requirements - see the HEC regulations.
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| 
LANG1925-1
 | 
German 4 - Marie Mawhin
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1926-1
 | 
Advanced German 4 - Sylvia Deroose
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1927-1
 | 
Spanish 4 - Alexis Alvarez Barbosa, Véronique Peiffer
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1928-1
 | 
Advanced Spanish 4 - Nicole Grutman
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1929-1
 | 
Italian 4 - Christine Hanon
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1930-1
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Advanced Italian 4 - Christine Hanon
 | Q2
 | 30
 | -
 | -
 | 5
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| 
LANG1931-1
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Dutch 4 - Nicole Engelen, Lutgarde Nachtergaele, Baudoin Yans
 | Q2
 | 30
 | -
 | -
 | 5
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| 
LANG1932-1
 | 
Advanced Dutch 4 - Lutgarde Nachtergaele
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1933-1
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Elementary German 1 - Sylvia Deroose, Marie Mawhin
 | Q2
 | 30
 | -
 | -
 | 5
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| 
LANG1934-1
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Elementary Spanish 1 - Alexis Alvarez Barbosa, Véronique Peiffer
 | Q2
 | 30
 | -
 | -
 | 5
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| 
LANG1936-1
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Elementary Dutch 1 - Nicole Engelen
 |
 | 30
 | -
 | -
 | 5
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| 
LANG1954-1
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French beginner level 1 - ISLV
 |
 | 30
 | -
 | -
 | 5
 |
| 
Notice this course is only open to non-French speaking students.
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|  Choose one option from the following :
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| 
Notice each option given below is a prerequisite to access to the concerned focus, offered in 2nd year of Master.
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|  Option "Banking and Asset Management"
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| 
FINA0051-1
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Banking and Insurance (english language) - Fabien Boniver, Georges Hübner
 | Q2
 | 30
 | -
 | -
 | 5
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| 
FINA0052-1
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Financial Derivatives (english language) - Aline Muller
 | Q2
 | 30
 | -
 | -
 | 5
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| 
FINA0053-1
 | 
Investments and Portfolio Management (english language) - Georges Hübner
 | Q2
 | 30
 | -
 | -
 | 5
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|  Option "Financial Analysis and audit"
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| 
FINA0011-2
 | 
Audit (english language) - Félix Fank
 | Q2
 | 30
 | -
 | -
 | 5
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| 
FINA0030-1
 | 
Consolidation and IFRS (english language) - Patrice Schumesch
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
FINA0044-5
 | 
Strategic Performance Management (english language) - Gabriele Catania
 |
 | 30
 | -
 | -
 | 5
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|  Option "Marketing and Strategic Intelligence"
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| 
MARK0783-1
 | 
Consumer Intelligence (english language) - Zelal Ates
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
INFO2048-1
 | 
Business Analytics (english language) - Michael Schyns
 | Q2
 | 30
 | -
 | -
 | 5
 |
|  Choose one of the following courses :
 |
| 
GEST3146-1
 | 
Digital Marketing Essentials (english language) - André Blavier, Céline Brandt
 |
 | 30
 | -
 | -
 | 5
 |
| 
MARK0784-1
 | 
Introduction to Strategic Intelligence (english language) - Claire Gruslin
 |
 | 30
 | -
 | -
 | 5
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|  Option "Social enterprise management"
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| 
GEST3035-1
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Introduction to social economy and social entrepreneurship (english language) - Jacques Defourny
 | Q2
 | 30
 | -
 | -
 | 5
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| 
GEST3036-1
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Social Innovation and Organisational Diversity (english language) - Benjamin Huybrechts
 | Q2
 | 30
 | -
 | -
 | 5
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| 
GEST3037-1
 | 
Financing Social Enterprise (english language) - Sybille Mertens de Wilmars
 |
 | 30
 | -
 | -
 | 5
 |
 Second Year
 |
 Compulsory courses
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| 
GEST1076-1
 | 
Sustainable strategy in a multi-polar world (english language) - Nathalie Crutzen, Marc Deschamps
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
Notice The students enrolled in the professional focus in entrepreneurship are invited to attend the course GEST0215-2 "Growth strategy" (5 ECTS) instead of the course GEST1076-1.
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| 
GTFE0013-1
 | 
Final work - Collégialité
 |
 | -
 | -
 | -
 | 20
 |
 Optional courses
 |
|  Follow-up to the language choice made in the 1st year of Master :
 |
| 
LANG1938-1
 | 
German 5 - Marie Mawhin
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1939-1
 | 
Advanced German 5 - Sylvia Deroose
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1940-1
 | 
Spanish 5 - Nicole Grutman
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1941-1
 | 
Advanced Spanish 5 - Véronique Peiffer
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1942-1
 | 
Italian 5 - Christine Hanon
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1943-1
 | 
Advanced Italian 5 - Christine Hanon
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1944-1
 | 
Dutch 5 - Doris De Laet
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1950-1
 | 
Advanced Dutch 5 - Doris De Laet
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1945-1
 | 
Elementary German 2 - Sylvia Deroose
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1946-1
 | 
Elementary Spanish 2 - Nicole Grutman
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
LANG1948-1
 | 
Elementary Dutch 2 - Claire de Lamotte
 |
 | 30
 | -
 | -
 | 5
 |
| 
LANG1955-1
 | 
French beginner level 2 - N...
 |
 | 30
 | -
 | -
 | 5
 |
| 
Notice this cours is only open to non-French speaking students
 | |
| 
LANG0908-2
 | 
English for Entrepreneurs - Jonathan Solheid
 | TA
 | 10
 | 60
 | -
 | 5
 |
| 
Notice this course is compulsory and only open to students of the entrepreneurship focus
 | |
| 
Notice focus open to students who have taken the "Financial Analysis and Audit" option during the 1st year of Master
 | |
 Compulsory courses
 |
| 
FINA0057-1
 | 
Advanced taxation - Michel de Wolf - Suppl : Isabelle Richelle
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
GEST3061-1
 | 
Skills portfolio - Louis Esch, David Homburg
 | TA
 | -
 | -
 | -
 | 5
 |
| 
GSTG0014-3
 | 
Placement - Collégialité
 |
 | -
 | -
 | -
 | 10
 |
 Optional courses
 |
|  Choose two courses out of the following :
 |
| 
FINA0058-1
 | 
Advanced accountancy and taxation - Wilfried Niessen, Danielle Sougné
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
DROI1237-1
 | 
Advanced commercial and corporate law - Roman Aydogdu, Benoît Kohl
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
DROI1238-1
 | 
Business criminpal law - Adrien Masset
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
FINA0059-1
 | 
Multinational Financial Management (english language) - Marie Lambert
 | Q2
 | 30
 | -
 | -
 | 5
 |
| 
FINA0079-1
 | 
Fund Administration & Audit (english language) - Danielle Sougné
 | Q2
 | 30
 | -
 | -
 | 5
 |