FINA0086-1

Duration

30h Th

Number of credits

	Master in management (120 ECTS)	5 crédits

Lecturer

Grace Garrais

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

This course covers the legal and financial diagnostic techniques and tools that you have seen throughout your course and which you will be expected to synthesise. The course will show you how business support professionals use these techniques and tools in their daily practice.
The 10 sessions are structured around the life cycle of a company and cover
- its creation (legal aspects)
- its launch phase (support for emerging companies)
- its growth phase (financing the various stages of growth)
- its transmission phase (transferring and taking over a business)
- its eventual decline phase (liquidation and recovery of the company in difficulty).
Given the busy schedule of the speakers, the sessions will not always be able to take place in the logical order of the business life cycle.

Learning outcomes of the learning unit

General objective
At the end of the course, you should be able to mobilise your knowledge of financial and legal diagnosis in order to carry out the different phases of its conception.
Specific objectives
At the end of the course, you will be able to : - Identify the financial and legal diagnostic tools appropriate to the case of a specific company - Extract the key data of a company allowing to carry out the diagnosis - Formulate the diagnosis on its different components (activities, market, production, functioning, legal - social and financial environment) - Justify the relationships presented between the key data and the conclusions of the diagnosis - Propose possible solutions and action plans - Argue the relevance of the diagnosis made
Skills
In addition to the elements mentioned above, the case also aims to enable you to develop your ability to - Listen to the company's management and your peers - Respect the point of view of others - Seek consensus with your peers on the conclusions, possible solutions and action plans included in your diagnosis - Communicate clearly (both in writing and orally) - Convince the lecturer of the relevance of your diagnosis

Prerequisite knowledge and skills

This course is part of the Financial Audit and Analysis programme. It builds on the knowledge you have gained throughout your course.
This course is a continuation of the following courses: - GEST3014-2: Principles of Marketing - FINA0067-1: Finance and Accounting (Belgian accounting standards) - DROI2003-1 or DROI2003-2 : General legal management of the company (Belgian law) - FINA0001-1 : Analysis of Financial Statements and Corporate Finance (Belgian Accounting Standards) - FINA0011-2 : Audit (Belgian standards) - FINA0050-1 : Corporate Finance It implies an ability to mobilise knowledge acquired in the above-mentioned courses.
The revision of some of these prerequisites is integrated in sessions 1 to 4. Students who have not taken these courses are strongly advised to consult the pedagogical commitments of these courses.

Planned learning activities and teaching methods

Course
In order to help you achieve your objectives of carrying out a quality diagnosis, the 10 sessions of the course will be divided as follows
Session 1: Presentation of educational commitments & introduction to financial and legal diagnosis
Session 2: Company formation (using an example)
Session 3: Growth and structuring (based on an example)
Session 4: Transfer and restructuring (based on an example)
These first 4 sessions should provide you with the first tools necessary to develop the interview guide to carry out your diagnosis and the first analyses of the chosen company. The presentation of the material based on examples is intended to be interactive, and your active participation is desired.
Session 5: Group meeting with the teacher and presentation by the students of the company selected for the case study, the contacts and meetings obtained and the interview guide developed.
Session 6: Financing the company (CBC - Mr PLUMIER)
Session 7: Financing the company (INVEST FOR JOB - M PICARD , case of Ateliers de la Meuse)
Session 8 : Legal audit of the company (DELOITTE - M TREVISAN & COLOT)
Session 9 : Restructuring and bankruptcy (HENRY & MERSCH - M MINON & M FRANK)
Session 10: Financing and transmission (SOWALFIN&SOWACCESS - M DI BARTOLOMEO)
The last 5 sessions will allow you to refine your diagnosis and propose improvements or solutions to the problems identified during your interviews with the company's general and financial management (or external accountant).
The richness of your exchanges with the speakers will contribute to the finesse of your diagnosis.
The schedule and its content can be adapted according to your needs and the availability of the speakers. Some sessions will be subject to wooclap formative tests.
Availability
Outside of class hours, you can ask questions to the lecturer. It is strongly advised to make an appointment by email grace.garrais@uliege.be

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

Face-to-face course

Additional information:

The sessions will take place face-to-face in compliance with the health measures in force.
Sessions could be conducted virtually if health measures require it.

Assessment methods and criteria

Exam(s) in session

Any session

- In-person

oral exam

Written work / report

Additional information:

You will find below the evaluation modalities envisaged in face-to-face and distance learning as well as the one desired in case of a hybrid session. Depending on health developments, you will be informed of the chosen method at the latest one month before the start of the session.
First session :
Face-to-face :
Written report to be posted on lol@ by 24/12/2021 midnight at the latest - details on the form of the report will be communicated to you at the first class.
Presentation and oral defence in the HEC-ULG premises by group during the January examination session (one hour per group) - individual answers to the jury's questions (lecturer alone or accompanied)
Distance learning:
Written report to be posted on lol@ by 24/12/2021 midnight - details on the form of the report will be given to you at the first class.
Presentation and oral defence by group via videoconference which will be held during the January examination session at the rate of one hour per group) - individual answers to the questions of the jury (lecturer alone or accompanied)
Hybrid :
Preference for face-to-face
Second session :
Face-to-face :
Written report to be posted on lol@ by 15/08/2022 midnight
Presentation and oral defence of the report in the HEC-ULG premises individually or by group if several members of the same group have a second session (August examination session at the rate of one hour per group) - individual answers to the questions of the jury (lecturer alone or accompanied).
Distance learning:
Written report to be posted on lol@ by 15/08/2022 midnight
Presentation and oral defence of the report via videoconference individually or by group if several members of the same group have a second session (August examination session at the rate of one hour per group) - individual answers to questions from the jury (lecturer alone or accompanied).
Hybrid :
Preference for face-to-face
Attendance :
Students are strongly advised to attend ALL class sessions.
Session 5 is compulsory for ALL members of the group to present and discuss the chosen company, the contacts obtained and the interview guide produced. This ensures team cohesion.
Participation in sessions 6 to 10, which will be rich in reflections to feed your diagnosis, is highly recommended. Students who participate in at least 4 out of 5 of these sessions will receive a bonus of 0.25 points for each session attended in full.
Weighting :
Written report 50%: the group mark will be individually weighted by a peer review (one file per student to be uploaded on lol@ at the same time as the written report) (student mark = 0.5 * group mark * total points obtained in the peer review / maximum attributable points + 0.5 * group mark)
Presentation and oral defence 50% :
presentation by the group of a professional quality Powerpoint presentation (individual mark awarded) Oral defence of the same (individual answers - individual mark awarded)
Consultation of group work

The student has the right to consult his/her group work after the publication of the results. The student is invited to contact the teacher within a maximum of 2 weeks after the publication of the results to make an appointment within one month of the publication of the results.

Work placement(s)

Organizational remarks

The course will in principle take place from 1 p.m. to 4 p.m. (16/09/2021 - 23/09/2021 - 30/09/2021 - 07/10/2021 - 21/10/2021 - 04/11/2021 - 18/11/2021 - 25/11/2021 - 2/12/2021 - 09/12/2021) at HEC LIEGE - Rue Louvrex 14 - 4000 Liège - room 138 (1st floor N1).
The pedagogical commitments and the diagnosis to be carried out will be presented during the first course (16/09/2021).
The groups of students (4 to 5 students depending on the number of registrations) must be formed and registered in lol@ by 1/10/2021, you cannot register in a group already formed without the prior agreement of the other members of the group. Otherwise your registration will be removed from lol@ and you will have to find a group accepting you.
It is recommended that you actively look for a company to carry out the diagnosis at the beginning of the first four months and start as soon as possible. Ideally, you should find a company in your immediate or professional environment to ensure that you have access to the information.

Contacts

Useful information is also available on lol@ (course code).
Outside of class hours, you can ask questions to the lecturer. It is mandatory to make an appointment by email:
Grace GARRAIS
grace.garrais@uliege.be
HEC LIEGE - Rue Louvrex 14 - 4000 Liège - Office 302 (3rd floor N1) - present only on Monday - Wednesday morning - Thursday
Locker n°23 in the teachers' room (ground floor N1) - notify by email that a document has been deposited in the locker
GSM : 0495/62.00.60 - only in case of emergency
For questions relating to course registration, please contact the HEC LIEGE office:
HEC LIEGE - Rue Louvrex 14 - 4000 Liège - Office 022 (ground floor N1) - open from 8 am to 5 pm (working days)
Vincenza D'AGOSTINO
04/366.27.49
Vincenza.DAgostino@uliege.be
Yentl PICHLER
Yentl.Pichler@uliege.be
04/366.51.16
For questions related to lol@, please contact the UDI of HEC LIEGE :
HEC LIEGE - Rue Louvrex 14 - Office 218
udi.hec@uliege.be
Salvatore FANARA
Sébastien GRÉGOIRE

Depth diagnostics of business: Legal and financial aspects