2023-2024 / FINA9015-1

Finance for non financials


30h Th, 15h Pr

Number of credits

 Master in management (120 ECTS) (MBA)8 crédits 


Wilfried Niessen

Language(s) of instruction

English 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

Unit 0 :

  • Introduction
  • Towards international norms - the IFRS
Unit 1- Annual financial statements :
  • The Balance sheet
  • The concept of account: the general ledger and the balance
  • Profit and loss (P & L)
  • The charter of accounts
  • The Accounting system
Unit 2 - Management accounting and budgets :
  • Why Management Accounting?
  • The different types of costs and the break-even point
  • Cost calculation methods
  • Cost application methods of indirect costs
  • The budgets
  • Management control

Learning outcomes of the learning unit

  • Learn a common language
  • Learn the basic accounting principles
  • Use the accounting analysis for a deeper knowledge of some technical aspects
  • Explain the budget and cost calculation aspects
  • Analyse accounting documents in order to understand the effect of various activities (results, ratios, operating reports,...)
  • Create a link with the subjects and documents used in the companies
  • Study financing methods
  • Answer YOUR questions on the subject

Prerequisite knowledge and skills

Planned learning activities and teaching methods

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

Online self-study course and two Q&A sessions

Recommended or required readings

A written report & an oral exam

Work placement(s)

Organisational remarks and main changes to the course




Association of one or more MOOCs