2020-2021 / FINA9014-1

Finance for business

Duration

45h Th

Number of credits

 Master in sales management (120 ECTS) (en alternance)5 crédits 

Lecturer

Anne Chanteux, Magali Herman

Language(s) of instruction

French language

Organisation and examination

Teaching in the first semester, review in January

Schedule

Schedule online

Units courses prerequisite and corequisite

Prerequisite or corequisite units are presented within each program

Learning unit contents

The course is based on the search for answers to the following questions:


  • Is the company I'm about to make an offer to solvent?
  • What are the costs and margins of my products and services?
  • Which factors should be taken into account to set the sales prices?
  • What level of sales is required to make a profit?
  • We're making a profit but there are treasury problems; why? what should we do?
  • How is the sales department's performance measured and managed?

Learning outcomes of the learning unit

The purpose of the course is to enable students to :

  • quickly do an overall financial analysis based on the annual financial statements in order to measure the level of solvency
  • define and classify costs as actual, standard, direct, indirect, fixed and variable costs
  • calculate various types of costs and the margins of product-market couples
  • define the determining factors of the sales price
  • calculate and analyse the break-even point and the safety margin
  • use the costs, margins and break-even point in decision-making
  • build sales performance management dashboards.
These specific objectives mainly help to develop the following ILO:
  • In management situations, understand the following transversal tools: quantitative analysis, IT systems and management projects
  • Elaborate and develop solutions relevant to management problems
  • Teamwork
  • Develop a critical sense (argumentation)
  • Develop a transversal overview
  • With regard to a management problem, suggest ethical and socially responsible solutions that respect the principles of good governance
  • Communicate in writing in a professional manner

Prerequisite knowledge and skills

Financial accounting

Planned learning activities and teaching methods

  • Lectures in class
  • Self-study  and flipped classrooms
  • Exercises and case studies
  • Wooclap tests
  • Group work
  • Testimonials

Mode of delivery (face to face, distance learning, hybrid learning)

Hybrid learning

Organisational adjustments related to the current health context

For some classes split of the group
More e-learning

Recommended or required readings

see Lol@ platform

Assessment methods and criteria

Below you will find information on the evaluation methods planned for in-person and remote exams as well as those planned for hybrid sessions. Depending on how the health crisis evolves, the chosen method will be communicated to you no later than one month before the start of the exam session.

Any session :

- In-person

written exam ( multiple-choice questionnaire )

- Remote

written exam ( multiple-choice questionnaire )

- If evaluation in "hybrid"

preferred in-person


Additional information:

Students be assessed according to two elements: 1. Continuous assessment (during certain classes) (individually and by group) 2. Exam in the form of an MCQ

Work placement(s)

Organizational remarks

Contacts

Anne Chanteux e-mail: anne.chanteux@uliege.be room 304
Magali Herman e-mail: magali.herman@uliege.be room 302
HEC-Liège
Bâtiment N1 Rue Louvrex, 14
B-4000 LIEGE