2023-2024 / FINA0072-1

Analysis of financial statements


30h Th

Number of credits

 Master in management (120 ECTS) (evening classes)5 crédits 


Grégory Gonzalez Rodriguez

Language(s) of instruction

French language

Organisation and examination

Teaching in the first semester, review in January


Schedule online

Units courses prerequisite and corequisite

Prerequisite or corequisite units are presented within each program

Learning unit contents

The aim of this course is to give students the key knowledge to be able to understand basic financial concepts around the structure and financial health of a company.

The first part of the course will address the importance of the subject, distinguishing different types of financial statements and will recall the main principles applicable in Belgium in terms of the preparation, deposition and publication of annual accounts.

The second part of the course will enable students to familiarise themselves with the structure and content of annual accounts, with the key concepts (liquidity, solvability, profitability, working capital, working capital requirements, etc.) and the various financial analysis methods.

The last part of the course consists of applying the concepts studied to practical cases, and the presentation of a few indicators of bankruptcy.

Learning outcomes of the learning unit

By the end of the course, students will be able to:

  • Consult annual accounts and understand the main underlying principles
  • Establish an in-depth examination of the financial reports of a company in order to conduct a financial analysis using financial analysis methods.

Prerequisite knowledge and skills

Advanced notions of general accounting

Planned learning activities and teaching methods

Case studies analysed in class.

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

Face-to-face course

Recommended or required readings

Accounting course.

Exam(s) in session

Any session

- In-person

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

Written work / report

Additional information:

Group work and oral defence of the work (30% of the grade).

Written examination (possibly in the form of multiple choice questions: 70% of the grade).

If one of the two parts of the exam (group work or written exam) is passed (with a mark of 50% or more) in the first session, the points for this part will be "frozen" and used as they are for calculating the mark for the second session.

In the event of a second session for group work, if the number of people required to represent the group proves insufficient to form groups, the work may be done individually.

Work placement(s)


Organisational remarks and main changes to the course




Mobile: +32 495 60 30 29

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