ifac information financière, audit & c - hec paris · 2016-11-28 · motivation file reference...

(IFAC = Information Financière, Audit & Conseil)

H. Löning 2017-2018

Hélène Löning - Département Comptabilité-Contrôle de Gestion - www.hec.fr/ifac 1

Corporate Financial Management (IFAC) characteristics

Professionalized, job-oriented: Towards Financial Management positions

- Big 4: auditing, TS, financial services, advisory, risk

- Consulting firms: financial, strategic, management, organisation,

- Corporate companies: controlling, internal auditing, financial mgt

- Corpo Finance (M&A)

A balanced and dense content:

Financial accounting, corporate finance, costing & controlling, business performance, project mgt, IS, (tax-law)

A spirit: Small class of team players, diverse profiles:

Mix 50/50 French students from the Classes Prépas (L3) International (and some French) students who entered the MiM (M1)

We put an emphasis on developing soft skills (group projects) We encourage Int. students to take courses in French We encourage French students to be internationally open & minded


Corporate Financial Management (IFAC) full of opportunities

French financial accounting certification (OECCA)

DSCG in French (waivers for 5 units out of 7)

US management accounting certification (IMA) CMA

(specific preparation for CMA exams)

Double Degree CEMS-HEC Accounting & Financial Mgt

6 European placements at S2: St Gallen, SSE, CBS, LSE, Bocconi and Wien


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What is (not)

Corporate Financial Management (IFAC)? •  It is not:

–  Just an Accounting Major! –  A catch-up course! …

•  It is: –  A well-balanced program of courses and learning outcomes –  That aims at training and educating high-level students

who will be both experts and wide-seeing managers in Corporate accounting & financial management

Hélène Löning - Département Comptabilité-Contrôle de Gestion - www.hec.fr/ifac

Strengths according to us

•  Acknowledged skills on the work place, with professional certifications

•  Rich and fruitful relationships with the practice and professional world

•  Enables the students to enter a large variety of industries and jobs, from consulting, auditing & advisory to corporate companies

•  A small Major, human-size, where collective dynamics are important, where students are expected to be actors of their education and senior year at HEC

5 Hélène Löning - Département Comptabilité-Contrôle de Gestion - www.hec.fr/ifac

Strengths: partnerships with…



8 8 Hélène Löning - Département Comptabilité-Contrôle de Gestion - www.hec.fr/ifac

Strengths

•  « Benefit from a wide range of job market opportunities in the accounting & corporate finance areas »

•  « Take advantage of my senior year at HEC to consolidate my hard skills background and deepen my knowledge »

•  « Develop a strategic approach to corporate financial transactions »

•  « Mastering the information tools in order to be able to interpret corporate financial and non financial numbers in deep »

•  « Gain credibility in all accounting & financial management related topics »

•  « Preparing for the DSCG and becoming an accounting expert »

•  « Preparing for the CMA is challenging but gives me credibility on the financial management market for corporate firms »

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According to you….

Non limitative list !


Tentative program & courses

Core courses (18h or 24h)

Accounting: Advanced accounting (S1) Group financial reporting (S1)

IFRS & international accounting frameworks (S1)

Finance: Financial statement analysis (S1)

Création de valeur (S2) Valuation & transactions (S2) Short-term Finance (S2)

Strategic Business Performance: Strategic management accounting (S1) Business performance mgt (S1)

Project management (S1) Corporate Governance (S2) IS auditing & risk management (EY) (S2) Droit pénal des affaires (S2)

Job-oriented courses (12h)

Auditing (EY), Transactions services/due diligence (PwC), Strategic consulting (MacKinsey), Advisory (KPMG), Investors’ relations (Kepler Chevreux), Trade credit insurance (Euler Hermès)

Conferences & job presentations



Filière DSCG (S2) (cours en français)

Additional courses (18h): Consolidation, Fiscalité, Compta des sociétés Fusac, ERPs (Saint Gobain), SI pour financiers (Mazars)

Additional S2 course

Intensive prep course for CMA takers Managing Finance (CMA)


Corporate Financial Management (IFAC) selection criteria

« Dossier » including: Motivation file Reference letter (internships) Academic transcript: GPA in M1 (& L3)

Then, if pre-selected, interview

Motivation Academic Profile

Personality Ready to work, not afraid of numbers Contribution to the major Collaborative skills Professional attitude Mature behavior Open mindedness


How to apply?

You apply for Corporate Financial Management only (courses S1 & S2 on campus):

•  File (on the intranet) to be filled in and sent to [email protected] •  If your file is accepted, you will be appointed for an interview


How to Apply? You apply for the Double Degree Corporate Financial Management – CEMS (courses S1 on campus & S2 at exchange university):

•  File (on the intranet) to be filled in and sent to [email protected] •  Please fill in the 2 parts of the questionnaire:

your motivation for the Major (CFM) & your motivation and preferred destinations for CEMS

•  If your Major CFM file is accepted, you will be appointed for a double interview with me + representative of International Office

•  3 possibilities: –  not accepted (then you will need to apply elsewhere 2nd round), –  accepted to Major only (then you will do the Major), –  accepted for the Double Degree

•  In the latter case, we will offer you a destination, which might be one of your choices (#1,#2, #3) or another destination – you will be free to accept the destination or do the Major only


Corporate Financial Management (IFAC)

More info on:

www.hec.fr/ifac (to be updated shortly)

Thank you!


Architecture

September December March April May June

Introduction week

-  Introduction -  Team building -  Back to Costing -  Back to Accounting -  Excel for Finance -  Research methodology

S 1 S 2

“Body” courses (core & practice-oriented)

X x

DSCG Track courses X

CMA prep course X

Semester 1 Semester 2 Courses

Research project, readings and field/empirical work, writing master thesis

Master thesis CMA

Defence Exams


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Financial accounting 26 % Corporate Finance 22 % Business, consulting,

advisory & strategy 22 % Tax & corporate law 10 % Miscell. (governance…) 20 %



Corporate Financial Management (IFAC)

Additional opportunities for students…

•  Certifications: –  DSCG Track (équivalences –waivers: 5 UVs out of 7) –  CMA (preparing for taking the two exams in May & June)

•  CEMS Double Degree: –  6 destinations –  international exchange during S2


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Certifications (1/2)

•  DSCG Track Enables students to complete advantageous equivalent units (5/7) for the French DSCG, which is the second step towards DEC (Diplôme d’Expertise Comptable)


DSCG units

DSCG Track 5 units completed Finance

Economie (anglais)

Contrôle de gestion

Management des SI

2 units To prepare and take

individually Comptabilité et audit

Gestion juridique, fiscale et sociale

Relations professionnelles

DSC

G


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Certifications (2/2)

•  CMA (Certified Mgt Accountant) Professional certification issued by IMA (US)

Becoming an IMA member and preparing for the CMA

Involves significant self study and one revision course

10 scholarships awarded by IMA (nominations based on GPA)

Taking 2 exams in May-June: –  Part I exam = Financial Reporting, Planning, Performance & Control –  Part II exam = Financial Decision Making


International scope of the Major

•  We welcome international M.i.M students

•  Students may apply to the Double Degree CEMS-HEC Accounting & Financial Mgt –  6 European placements at S2: St Gallen, SSE, CBS, LSE, Bocconi & Wien

•  Corporate Financial Management (IFAC) has developed a partnership with Freie Uni. Berlin FACTS program welcoming 2 IE students in the Major at S1


ifac information financière, audit & c - hec paris · 2016-11-28 · motivation file reference...

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