2023-2024 / DROI1401-1

Reading annual accounts


20h Th

Number of credits

 Bachelor in law3 crédits 


Wilfried Niessen

Language(s) of instruction

French language

Organisation and examination

Teaching in the second semester


Schedule online

Units courses prerequisite and corequisite

Prerequisite or corequisite units are presented within each program

Learning unit contents

This course aims to introduce students to accounting and the understanding and analysis of legal accounting documents.

Chapter 1 : Introduction : what is a company?

Chapter 2 : The annual accounts (balance sheet, income statement and notes)

Chapter 3 : Initiation to the financial analysis of annual accounts

Learning outcomes of the learning unit

Course objectives :

  • discover the basic principles of accounting: financial, economic and fiscal approaches
  • learn a common financial and accounting language
  • to highlight headings and relevant elements for lawyers
  • to have a general vision of the financial situation of a company
  • discover the basic techniques for analysing annual accounts (solvency, liquidity, profitability, financing capacity)
Accounting and the reading of accounting documents is useful for the entrepreneur, company managers, company lawyers, consultants and lawyers, notaries, .... and all those who work in or for a company.
The course on reading annual accounts should be linked to courses on company law, economic law, tax law, etc.

Prerequisite knowledge and skills

Planned learning activities and teaching methods

The theory explained and illustrated by the professors as well as the exercises solved during the courses and remediation sessions constitute the main part of the course.
Teaching methods and means:
course divided into modules: illustrated theoretical presentations AND exercises and case analysis

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

The course is given in classroom. During the case analyses, a reading and preparation at home is required.

Recommended or required readings

The course materials consist of slides, case analyses and a documentation file.

Exam(s) in session

Any session

- In-person

written exam ( multiple-choice questionnaire, open-ended questions )

Continuous assessment

Additional information:

Written exam composed of MCQ; R/F; open questions; case analysis.
Students can dispose of the Economic Law Code (This can be highlighted, sublined, numerically referenced from articles to articles. Bookmarks can only include the name of a chapter/section/...).

Work placement(s)

Organisational remarks and main changes to the course


Professor Wilfried Niessen: wilfried.niessen@uliege.be
Assistant: Magali Herman: magali.herman@uliege.be

Association of one or more MOOCs