Duration
30h Th
Number of credits
| Master in management, professional focus in Financial Analysis and Audit | 5 crédits |
Lecturer
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 course is part of the curriculum offered to students in the 'Financial Analysis and Audit' programme.
It provides an in-depth study of business taxation, focusing mainly on the taxation of Belgian companies and their shareholders, including in an international context.
Taxation is a determining factor in a number of decisions to be made by the company and/or its shareholders.
Taxation is also an important component of financial decisions.
It is certainly one of the subjects that must be mastered by those interested in professions related to accounting, auditing, finance and, of course, taxation (particularly internal or external tax experts).
The course therefore offers an in-depth look at the tax rules applying to companies and their shareholders.
This examination mainly covers corporate tax and shareholders' taxation.
Awareness will also be raised on the subjects of VAT and customs duties (which are becoming increasingly important at present). Emphasis is also placed on international aspects, which are essential given that Belgian economic operators are increasingly called upon to work in an international context.
The course therefore aims to
- establish the basics of corporation tax:
* Which companies are subject to corporation tax in Belgium? How are other companies operating in Belgium treated?
* How is the taxable base of a 'Belgian' company determined?
- to examine how shareholders, whether individuals or companies, established in Belgium or abroad, are taxed.
The course also offers a reflection on how to structure or restructure a company's activities.
Learning outcomes of the learning unit
The objectives of the course are,
- on the one hand, to encourage business managers to incorporate tax considerations into their analyses. Managers must be able to understand the tax implications of a given situation, seek solutions to certain tax issues, and understand the tax explanations provided by specialists, with a view to making decisions;
- to provide essential tax basis for professions that support businesses in the areas of accounting, taxation and auditing;
- to raise awareness of international issues in order to better understand the challenges facing Belgian companies in an international market.
This course contributes to the following Intended Learning Outcomes :
To strengthen knowledge and understanding of management disciplines and their legal, policy and social context
- Gaining the knowledge and understanding of one of the proposed fields of concentration or to gain deep knowledge in the field of the management being already specialized thru a first University Master Degree .
- Integrate autonomously researched information, tools, knowledge and context to build and propose, either individually or as part of a team, original, creative and viable solutions to concrete complex management problems, whether real or simulated, taking into account, when necessary, the human, social and legal context.
- Being capable of professional team work
- Creative conception of solutions
- Faced with a management problem, suggesting solutions that are ethical and socially responsible and that respect the principles of good governance.
Prerequisite knowledge and skills
Good command of French language
Belgian general tax law (General Tax Law course): students who have not already taken the course on "general tax law" are asked to contact Mrs Catherine Simon Dubois.
In-depth knowledge of Belgian general accounts and consolidation operations
The legal subjects covered in the basic curriculum at HEC are assumed to be known and mastered (public law, civil law, company law, social law).
Mathematics: basic algebra notions
Planned learning activities and teaching methods
The course is taught in person.
It requires active participation from students and continuous preparation of the material from week to week.
The course is based on active teaching methods.
The theoretical foundations necessary for mastery of the subject are illustrated with numerous practical examples.
Mode of delivery (face to face, distance learning, hybrid learning)
Face-to-face course
Further information:
Face to face.
Active participation is required, which means taking part in the exercises proposed during the course, reviewing the material from week to week and preparing certain lessons.
The primary aim is to deepen your knowledge of the subject. But the aim is also to understand the subject, to perceive what is at stake for the company and the economic world, to develop an analytical and critical vision of the subject, so as to be able to fulfil one's role as a manager, advisor, auditor and, in any event, as a citizen/taxpayer in the best possible way.
The course is completed with exercises sessions. Students are asked to prepare the cases and participate actively during the sessions.
Any exercise sessions that may be organised are given by a student-instructor. They are optional.
Course materials and recommended or required readings
Platform(s) used for course materials:
- LOL@
Further information:
- powerpoint
- video clips (preparation for the VAT course)
- tax code (up to date)
- bibliography: a general bibliography is provided, together with information on the documentary sources available in the field of taxation. Additional information can be found in basic manuals or specialised articles.
Exam(s) in session
Any session
- In-person
written exam ( multiple-choice questionnaire, open-ended questions )
Further information:
The assessment includes a written examination.
For this written examination:
The use of the Tax Code is permitted.
Any form of cheating, by any means whatsoever, will result in a mark of 0/20.
Watches, mobile phones, any connected devices, earphones, etc. are strictly prohibited.
The examination aims to test comprehension, knowledge, mastery of the subject matter, the ability to apply the rules studied to concrete situations, the ability to organise a response, and analytical and critical thinking skills.
The examination may include multiple-choice questions, true/false questions, short questions, and open-ended questions.
The Tax Code may be underlined, coloured, and include keywords and cross-references from article to article. The code includes a table of contents, which may also be annotated. An up-to-date code is recommended. New legislation may be added to the code, provided that all printed sheets are bound together.
Loose sheets are not permitted.
Continuous assessment:
The final assessment may include a continuous assessment component to take into account the student's personal work throughout the year.
Work placement(s)
Organisational remarks and main changes to the course
Up-to-date Tax Code
Contacts
Please contact the professor when teaching or by appointment
Assistante: Mrs Catherine Simon Dubois (Catherine.SimonDubois@uliege.be)
Association of one or more MOOCs
Items online
see lol@
see lol@