Financial management and legal aspects

Course Code :2003FBDOOD
Study domain:Business sciences
Academic year:2019-2020
Semester:2nd semester
Contact hours:52
Credits:6
Study load (hours):168
Contract restrictions: Exam contract not possible
Language of instruction:Dutch
Exam period:exam in the 2nd semester
Lecturer(s)Eddy Laveren
Alain Praet

3. Course contents *

The course is divided in two parts: financial management of SMEs and juridical aspects of corporate policy.
 
Partim 1:  Financial management of SMEs
 
After an introduction on the financial aspects applicable to starting a business, attention is given to the technique of bookkeeping and the content of the financial accounts. In a next step, we elaborate further on the way in which this information can be used for taking financial decisions. The following subjects will be discussed:

 

-         analysis of the financial accounts (static and dynamic analysis);
-         cost price calculation and break-even analysis;
-         work out financial forecasts and draw up financial plans;

 

-         assessment and selection of investment projects;
-         demand and supply side of SME financing;
-         venture capital, business angels and mezzanine financing;
-         working capital management.
 
Partim 2: Juridical aspects of corporate policy
 
After a general introduction on the juridical basic concepts of corporate policy, attention is given to the most important aspects of commercial law, corporate law and fiscal law. The following subjects will be discussed:

 

- overview of the pros and cons of several legal forms of an organization;

- introduction to the trade practices act;
- introduction to contract law;
- introduction to corporate tax and VAT.
 
The classes will be organized in an interactive way. Exercises and case studies should lead to an increase of the students’ capacity to apply the knowledge (concepts and techniques) in a real life context. The students need to work out and present a number of group tasks.