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Accounting for Business Restructuring (M&A, Spin-offs)

  • Enseignant(s): L.Doukakis
  • Titre en français: Restructuration comptable - (acquisitions, spin-offs)
  • Cours donné en: anglais
  • Crédits ECTS: 3 crédits
  • Horaire: Semestre d'automne 2018-2019, 2.0h. de cours (moyenne hebdomadaire)
  •  séances
  • Formations concernées:
    Maîtrise universitaire ès Sciences en comptabilité, contrôle et finance

    Maîtrise universitaire en Droit et économie

 

Objectifs

This course is a research seminar, designed for Master-students in Accounting, Control and Finance. As a pre-requisite, participants must have an expertise in financial accounting and consolidation.

The main topics covered during the course are the following:

  • Accounting for goodwill
  • Accounting for bargain purchase gains
  • The use of accounting figures in the valuation of acquisitions
  • Earnings management practices before or after M&A activities
  • Purchase price allocation
  • Restructuring charges
  • Business combinations under common control
  • Leveraged buyouts
  • Management buyouts
  • Share repurchases

The course language is English. The number of participants is constrained to 20. The course is designed so as to create an interface or link between the academic and the practitioner perspectives of various dimensions of the business restructuring process. The readings cover both the academic literature and company-based cases. Each student will be assigned a particular topic. For each topic a compulsory reading list is provided. Presentations are NOT just a summary of the assigned readings. Students are explicitly required to provide in-depth explanations of the theories and empirical findings as well as to challenge the findings they present. Students are required to enrich their presentations by additional readings including recent publications in the top journals of the field (The Accounting Review, Journal of Accounting and Economics, Journal of Accounting Research, Review of Accounting Studies etc.). Students will have to present and critically discuss real cases associated with the topics of the course.

The teaching and learning approach adopted emphasizes the importance of developing critical thinking and analytical skills. This is achieved through a mix of lectures, presentations, and class discussion. Students will provide a critical review of the current state-of-the-art in research on business restructuring. Students will develop a sound understanding and appreciation of the challenges faced by managers in completing business restructuring activities. Finally, participants will critically discuss and analyze real-world cases associated with different forms of business restructurings. After completing this course, students are expected to have a sound understanding of the theoretical underpinning of the literature and a familiarity with how this theory helps explain restructuring activity in a practical applied setting.

Contenus

see syllabus

Références

Academic papers will provide theory and empirical evidence on business restructuring. A detailed reading list is provided below. The reading list may be adapted during the course based on the number of participants.

Pré-requis

Sound knowledge of financial accounting and consolidation is required

Evaluation

1ère tentative

Examen:
Oral 60 minutes
Documentation:
Non autorisée
Calculatrice:
Non autorisée
Evaluation:

Evaluation Oral presentation (70%) + classroom contribution (30%)

Rattrapage

Examen:
Oral 30 minutes
Documentation:
Non autorisée
Calculatrice:
Non autorisée
Evaluation:

Students who fail the course and are tested in an exam retake-session will pass a 30 minutes oral exam on all the topics of the seminar.



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