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

Program curriculum and final degree

Program Curriculum

MODULE 1. Introduction.

  1. New trends in accounting
    • New General Accounting Plan: conceptual framework, annual accounts, registration and appraisal norms, differences from the previous General Accounting Plan.
    • New General Accounting Plan for PYMES (small and medium-sized businesses) and regimes for micro-enterprises.
  2. Auditing
    • Auditing principles and norms.
    • Auditing procedures.
    • Auditing reports.
    • ICAC sanctions procedures.
    • Internal auditing and internal control.
  3. Consolidation
    • Norms for drawing up annual consolidated accounts.
    • Preparing consolidated accounts for corporations and business groups.

MODULE 2. Accounting Management

  1. Economic and financial analysis of the company.
    • Introduction to financial states analysis.
    • Equity and financial analysis.
    • Economic analysis.
    • Profitability analysis.
    • Working capital analysis.
    • Integral analysis.
  2. Analytical accounting.
    • Cost types.
    • Direct costs system.
    • Order costs.
    • Total costs system.
    • Costs system based on activities.
    • Strategic management of costs.
    • New trends in the area of accounting costs.
  3. Preparation and control of budgets.
    • The process of drawing up budgets.
    • Budget types:
      • Fixed budgets.
      • Flexible budgets.
      • Zero-based budgets.
      • Activity based budgets (ABB).
    • Standard costs and deviation analysis models.
    • Practical application of budget control systems.
  4. Application and monitoring of management control systems.
    • Budget control versus management control.
    • Selection of monetary and non- monetary indicators.
    • Effectiveness, efficiency, economy, quality, setting, sustainability.
    • Design of scoreboards (integral scoreboards).
    • Human aspects of management control.
  5. Managerial skills I.
    • Presentation of written and oral reports.
    • Time management.
    • Organization of work and circuits.

MODULE 3. Financial Management

  1. Financial management analysis.
    • Formulation of predictive models based on ratios.
    • Area analysis.
    • Bankruptcy forecasting techniques.
    • Integral analysis.
  2. Stock Market and financial markets.
    • Titles-values.
    • Operation types.
      • Cash.
      • Credit.
      • Capital increases.
      • Public takeover bid (PTB).
      • OPV (public sale offer).
    • Fundamental analysis and technical analysis.
    • Risk types.
      • Change risk.
      • Interest type risk.
      • Trading risk.
    • Futures, options, swaps.
      • Caps.
      • Floors.
      • Collars.
  3. Investment appraisal
    • Mathematics for financial operations (optional part).
      • Previous concepts.
      • Simple and compound interest.
      • Discounts.
      • Updating and capitalization.
      • Loans and income.
      • Annual equivalent rate.
    • Investment appraisal.
      • Previous aspects to consider in the appraisal of investments.
      • Static methods.
      • Recovery period
      • Dynamic methods.
      • (NPV) Net present value and (TIR) Internal rate of return.
      • Influence of inflation and taxes.
      • Analysis of additional investment-finance project.
      • Project finance.
  4. Working capital management.
    • Cash management.
      • Cash forecasts.
      • Financial products to cover short –term needs.
      • Financial products for the placement of short-term surpluses.
      • Relations between banks and businesses.
      • Income statement and bank-business balance.
      • Cash pooling and other cash management techniques.
    • Credit management.
      • Client credit policies.
      • Charge risks and management.
      • Credits.
      • Charge policies and circuits.
      • Credit department and risk committee: objectives, risk responsibilities and policies.
      • Credit monitoring and control: information sources and actions to be taken.
  5. Spanish, European and international financial systems.
    • Spanish financial system.
      • Bank of Spain.
      • Banks.
      • Savings banks.
      • Credit co-operatives.
      • Leasing and factoring companies.
      • Financial companies.
    • Financial and investment products.
    • European and international finance systems.
    • Currencies.
  6. Taxation aspects of finance.
    • Differences between accounting and taxation.
    • Corporation tax.
  7. Financial management for businesses.
    • Study of financial needs.
    • Capitalization and debt policy.
    • Capital cost.
    • Short and long-term debt policy.
    • Self-finance and dividend policy.
    • Short and long-term financial strategy for businesses
      • Mergers and acquisitions.
    • Company appraisal.
      • Methods based on equity analysis.
      • Methods based on economic analysis.
      • Mixed methods.
  8. Managerial skills II.
    • Team leadership, motivation and management.
    • Meetings management.
    • Negotiation and stress management.
  9. Business game (financial setting). (optional subject).

MODULE 4. International Finance and Accounting

Choosing four of the five:

1.     International Controlling

  • Management control systems to evaluate the performance in multinational corporations
  • Effective decision making in international business.
  • Controlling subsidiaries

2.     International Financial Reporting Standards. Advanced Level I.

IAS 16 Property, Plant and Equipment, IAS 40 Investment Property, IAS 34 Interim Financial Reporting, IAS 12 Income Taxes, IAS 23 Borrowing Costs, IFRS 5 Non-current Assets Held for Sale and Discontinued Operations, IFRS 16 Leases, IAS 38 Intangible Assets, IAS 36 Impairment of Assets, IAS 2 Inventories, IFRS 15 Revenue from Contracts with Customers, IFRS 2 Share-based Payment, IFRS 8 Operating Segments, IFRS 7 Financial Instruments: Disclosures, IAS 33 Earnings Per Share.

3.     International Financial Reporting Standards. Advanced Level II.

IAS 19 Employee Benefits, IFRS 3 Business Combinations, IAS 27 Separate Financial Statements, IAS 28 Investments in Associates and Joint Ventures, IAS 21 The Effects of Changes in Foreign Exchange Rates, IAS 24 Related Party Disclosures, IAS 20 Accounting for Government Grants and Disclosure, IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements, IFRS 12 Disclosure of Interests in Other Entities, IFRS 9 Financial Instruments, IAS 29 Financial Reporting in Hyperinflationary Economies, IFRS 1 First-time Adoption of International Financial Reporting Standards.

4.     International Taxation

  • Introduction and taxation systems
  • Taxes and jurisdictions
  • Transfer pricing
  • Legal tax avoidance schemes to take advantage of low tax countries

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 International Finance and Accounting 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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