Objectifs

This is a course focusing on financial reporting and corporate governance. The interplay between the two concepts is of particular importance both from a theoretical and a practical point of view. The purpose of this course is to help students understand the importance of corporate governance as well as its formulation and implementation in the real world. It will also help the students understand the main challenges faced in implementing good corporate governance systems. The course aims to enhance students’ understanding of the flexibility inherent in financial reporting and the role that corporate governance plays in restricting extreme forms of accounting judgment. An important supplementary objective is to develop students’ judgmental skills to provide opinions on the application of different corporate governance provisions and their intended and unintended consequences. The course also brings practitioners in the class who share their experiences and constructively discuss the effect of corporate governance provisions on financial reporting quality.

Contenus

The main topics in this course are:

1. Conflicts of Interests
2. Financial Reporting Quality
3. Earnings Management
4. Financial Reporting Scandals
5. Group Reporting
6. Board of Directors (BoD)
7. BoD & Financial Reporting Quality
8. Ownership Structure
9. Evaluation and Compensation
10. Director’s Dismissal / Female Quota
11. Audit Committee

Références

• CP – Course Package: slides and cases (Moodle)
• Financial Reporting and Corporate Governance (2007) – Thomas A. Lee, ISBN: 978-0-470-98618-9
• Corporate Governance Matters (2016) – David Larcker, 2nd edition, Print ISBN: 9780134031569, eText ISBN: 9780134031637.

Pré-requis

A sound understanding and good technical proficiency in accounting is required.

Evaluation

1ère tentative

Examen:

Sans examen (cf. modalités)  

Evaluation:

- Case Study to be analyzed during the last session (75%)

- Presentation during the last session (25%)

Rattrapage

Examen:

Sans examen (cf. modalités)  

Evaluation:

Same rules apply.

Details for the dates will be announced.