Finance & Governance

mlsmm2112  2024-2025  Mons

Finance & Governance
5.00 credits
30.0 h
Q1
> Schedule
Teacher(s)
D'Hondt Catherine;
Language
French
Main themes
  • The CFO’s missions and the purpose of corporate financial decisions
  • Project valuation  
  • Capital structure choices and corporate financial policy
  • Corporate financial planning
  • Corporate governance
Learning outcomes

At the end of this learning unit, the student is able to :

1 Competencies
Given the « competencies referential » linked to the LSM Master 120 in Management and in Business Engineering, this course mainly develops the following competencies:
  • 1. Corporate citizenship
  • 2. Knowledge and reasoning
  • 3. Scientific and systematic approach
  • 5. Work effectively in an international and multicultural environment
  • 6. Teamwork and leadership
  • 9. Personal and professional development
Learning outcomes
At the end of this learning unit, students will be able to:
  • Analyze and discuss the CFO and corporate financial decisions’ positioning in a world wherein environmental, social & governance (ESG) considerations prevail
  • Estimate the value of an investment project with leverage
  • Analyze and discuss any firm or organization’s capital structure choice and its implications
  • Analyze and discuss working capital and corporate treasury management, and identify the related trade-off
  • Analyze any firm or organization’s corporate governance and explain its implications 
 
Content
  • Corporate finance and CFO's roles in an evolving environment
  • Conceptual fundamentals of corporate finance
  • Capital budgeting and project valuation
  • Capital structure and long-term financial planning
  • Working capital management
  • Short-term financial planning
  • Corporate governance and its key challenges
Teaching methods
  • Lectures
  • Case studies
     
Evaluation methods
Within this course, students' skills assessment is twofold :
• Ongoing assessment with mandatory homeworks (case studies) to deliver during the semester (25% of the final grade)
• Written exam with open questions at mid-semester (75% of the final grade)
The grade of the homeworks is not longer taken into account in case of second session (resit exam=100% of the grade).
Bibliography
  • Vernimmen, Quiry & Le Fur, Finance d’entreprise, 20e édition (Dalloz, 2022)
  • Berk & DeMarzo, Finance d’entreprise (version française), Pearson, 5e édition, 2020
Faculty or entity
> CLSM


Programmes / formations proposant cette unité d'enseignement (UE)

Title of the programme
Sigle
Credits
Prerequisites
Learning outcomes
Master [120] in Management
GESM2M
5
Master [60] in Management
GESM2M1
5