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Master in Accounting and Financial Management (specialization in Corporate Finance)

Program curriculum and final degree

Program Curriculum

MODULE 1. Financial Accounting

1. New trends in accounting and International Financial Reporting Standards

  • Critical vision and a comparative international approach to accounting regulations (Spanish Reporting Standards and International Financial Reporting Standards).
  • Comparison with the Generally Accepted Accounting Principles US GAAP.
  • Review of most recent research in spanish accounting and international accounting.
  • Analysis of the latest trends and repercussions for the company.

2. Consolidation of financial statements. Advanced level

  • Accounting requirements for the preparation and presentation of consolidated financial statements, requiring entities to consolidate entities it controls.
  • Comparison with International Financial Reporting Standards.
  • Review of most recent research in consolidated financial statement.

3. Auditing. Advanced level

  • Auditing principles, norms and procedures.
  • Critical vision and a comparative international approach to auditing regulations.
  • Internal auditing and internal control.
  • Comparison with International Standards on Auditing.
  • Review of the most recent research in auditing.
  • Responsibilities and functions of the independent auditor.

MODULE 2. Accounting Management

1. Analysis of companies I

  • Review of the most recent research in business analysis.
  • Economic and financial analysis of the company. One-dimensional and multidimensional models.
  • Financial statement analysis identifying business needs and determining solutions to business problems.
  • Working capital analysis. Relationship between working capital and the cash conversion cycle.
  • Analysis of the profit generating capacity. Analysis of cost and revenue of the firm which determines whether or not the firm is profiting.
  • Economic value creation.    

2. Strategic Cost Management

  • Relationship between cost accounting, financial accounting and management accounting.
  • Review of the most recent research in management accounting.
  • Activity based costing and activity based management.
  • Cost management information for strategic management purpose.
  • Cost structure and business models.
  • Cost reduction and continuous improvement.

3. Budgetary management and control

  • Relationship between information systems and business processes.
  • Budgeting and management process: effective budgeting systems in practice.
  • Review of the most recent research in budgetary management.
  • Management control system techniques.
  • Performance measures.
  • Strategic planning and management system and the balanced scorecard.
  • Management control system techniques: long and short range planning.
  • Case studies in management control systems.

MODULE 3. Financial Management

1. Stock exchange and financial markets

  • Methods used to analyse securities and make investment decisions: fundamental analysis and technical analysis.
  • Fundamental analysis and the determination of the underlying health of a company by examining financial statements.
  • Technical analysis involves using charts for forecasting the direction of stock prices.
  • Stock Market and financial markets.

2. Advanced working capital management

  • Best practices in cash management.
  • Review of the most recent research in cash management and credit management.       

3. Taxation and Financial Planning

  • Taxation optimization strategies: tax planning opportunities to help meet financial objectives.

4. Investment assessment

  • Relationship between firm investment and financial status.
  • Assessment for investment proposals by taking into account the level of risk, investment strategies and assessment of results.
  • Indicators for measuring value added from investment.
  • Project finance and the long-term financing.

5. Analysis of companies II

  • Last trends in qualitative techniques in financial statement analysis.
  • Review of the most recent research in consolidated financial statements.
  • Last trends in qualitative techniques in financial statement analysis.
  • Insolvency prediction models.
  • Credit scoring and credit rating models.
  • Analysis of individual corporations with aggregates and sectoral ratios.

6. Financial system

  • Financial system and strategies for mobilizing funds for investment.
  • Macroeconomic factors affecting business environment.
  • Review of most recent research in Spanish, European and international financial systems.

MODULE 4. Corporate Finance

Choosing four of the five:

1. Financial management

    • Financial operation and corporate objectives: agency theory and good governance codes.
    • Estimating financial needs, capitalization and debt policies.
    • Dividend policies.
    • Short and long term business financial strategy.
    • Evaluation instruments for businesses.

2. New financial instruments

    • Stock market (IPOs, takeovers, etc.).
    • Bond issue.
    • Hybrids.
    • Syndicated loans.
    • Project finance.
    • Securitization.
    • Private Equity (venture capital).

3. Mergers and acquisitions

    • Concept, typology and processes in acquisition, fusion and division operations.
    • Due diligence.
    • Negotiation and closing operations.
    • Post-purchase and post-sale management.

4. Futures, options and currencies

    • Futures.
    • Options.
    • Financial swaps.
    • The European and international financial system.
    • Investment and financing operations in foreign currencies.

5. International Finance

    • International finance management
    • Treasury management
    • Foreign exchange and cash flow hedge
    • Enterprise risk management

*Subject to available places

 

FINAL PROJECT

CURRICULAR INTERNSHIP:
The Master in Accounting and Financial Management (specialization in Corporate Finances) includes a curricular internship. This type of internships gorm part of the academic course contents. The internship is considered as an additional subject that must be passed satisfactorily in order to successfully complete the course.

 

*The information contained herein may be subject to changes.

 

Final Degree

Once students have completed the programme, they will receive the degree Máster Universitario en Dirección Financiera y Contable de la Empresa. Especialidad en Finanzas Corporativas from Pompeu Fabra University.

Official Master's Degree: Upon successfully completing the master's program you will receive a final diploma awarded by Pompeu Fabra University. In order to issue the certificate, the Government of Catalonia charges an additional fee of approximately €200. The exact amount varies annually and will be finalized upon completion of the degree. In accordance with the regulations set out by the Spanish Ministry of Education this final diploma will be issued in Spanish.

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