Duration
12h Th
Number of credits
| Advanced Master in Public Notary Law | 2 crédits |
Lecturer
Substitute(s)
Coordinator
Language(s) of instruction
French language
Organisation and examination
Teaching in the first semester, review in January
Schedule
Units courses prerequisite and corequisite
Prerequisite or corequisite units are presented within each program
Learning unit contents
The aim of this course is to provide students with the necessary foundations to:
- understand and gain a comprehensive knowledge of a balance sheet and income statement
- understand and gain knowledge of the structure and content of the minimum standardised chart of accounts
- find in the appendices to the annual accounts of the national bank the information necessary to understand the company's situation
- understand the specific interactions with financial professionals (auditors and accountants) that they will encounter in the processes of incorporation, contributions in kind, transformation, dissolution, reduction of contributions/capital (knowledge of the concepts of cash flow, net assets, debts, accounting par value, distribution tests).
- understand and be familiar with the basics of business valuation.
This course is not intended to teach students how to record accounting entries, prepare annual accounts or carry out complex assessments. Nor does it cover notarial accounting.
Learning outcomes of the learning unit
General objective
By the end of the course, you should be able to apply your knowledge of corporate accounting to help draft notarial deeds for corporate transactions.
Specific objectives
By the end of the course, you will be able to:
- understand and explain a balance sheet and income statement in general terms
- understand and explain the structure and content of the minimum standardised chart of accounts
- find the necessary information in the notes to the annual accounts of the National Bank
- understand the specific interactions with financial professionals (auditors and accountants) that you will encounter in the processes of incorporation, contributions in kind, transformation, dissolution, reduction of contributions/capital, and explain the concepts of cash flow, net assets, debts, accounting par value, distribution tests, etc.
- understand and apply the basics of business valuation.
Prerequisite knowledge and skills
Planned learning activities and teaching methods
Discovering and learning accounting concepts through 'accounting games' - CENECO
Lectures
Exercises
Mode of delivery (face to face, distance learning, hybrid learning)
Face-to-face course
Further information:
The introduction with 'the accounting game' lasts 3 hours. During this module, participants are asked not to take any notes and to focus on understanding the game, knowing that all necessary notes will be provided to participants in due course.
The subject is then covered in modules lasting 2 hours and 15 minutes per week, in the first term, for 4 weeks.
A session will be offered to students in January via TEAMS (students will vote on the date based on the teacher's proposal), so participation will be optional.
Course materials and recommended or required readings
Platform(s) used for course materials:
- MyULiège
Further information:
The course materials consist of the slides and exercises covered in class.
For students wishing to study the subject in greater depth:
Edipro 2023, G. GARRAIS and P. DEPRAETERE, 'Principles of Accounting'
Edipro 2019, J. CAPODICI and W. NIESSEN, 'Understanding Your Accountant'
Exam(s) in session
Any session
- In-person
written exam ( multiple-choice questionnaire, open-ended questions )
Further information:
In the first and second sessions, the examination is written.
The assessment focuses on understanding, knowledge and use of the concepts covered in the course, namely:
- balance sheet, income statement
- structure and content of the PCMN
- reading annual accounts
- concepts encountered in company operations (incorporation, contributions in kind, transformation, dissolution, reduction of contributions/capital) and interactions with accounting professionals
- basics of business valuation.
Work placement(s)
Organisational remarks and main changes to the course
The course is organised in the first term with a written exam in January.
The course dates are:
- 25/09 from 8am to 11am (B31 seminar 3 - 1/29)
- 2/10 from 8:45am to 11am (B31 seminar 3 - 1/29)
- 9/10 from 8:45 a.m. to 11 a.m. (B31 seminar 3 - 1/29)
- 16/10 from 8:45 a.m. to 11 a.m. (B31 seminar 3 - 1/29)
- 23/10 from 8:45 a.m. to 11 a.m. (B31 seminar 3 - 1/29).
It is the student's responsibility to check CELCAT for any changes to the timetable or room.
Contacts
Grace GARRAIS - Lecturer - Company Auditor
Finance & Law Department - HEC Liège Faculty
For any questions: grace.garrais@uliege.be
Mobile: for emergencies only (0495/62.00.60)