Master of Science in International Accounting, Audit & Control Program

Maximize your options in the field of accountancy.

  • Format

    2 SEMESTERS* + INTERNSHIP

  • Languages

    ENGLISH

  • Location

    PARIS

  • Fees

    €15,000

  • Intake

    September

  • Credits

    90 ECTS

Accreditations

Program

The Master of Science in International Accounting, Audit & Control is designed to shape the participants’ understanding of contemporary financial reporting and advisory functions needed for the real business world.

The program is offered on a full-time basis and consists of 2 consecutive semesters of courses (September – May) followed by a professional experience (from June onwards).

The curriculum contains a wide range of core courses on elementary and advanced issues in financial reporting and management Control. It also features a series of elective courses allowing students to specialize in different areas within the domain of accounting, Audit & Control.

The MSc in International Accounting, Audit & Control is aligned with prerequisites of international professional accountancy institutes (e.g., ACCA, CIMA and IMA) and students benefit from the program’s dedicated faculty which balance relevant academic and business experiences.

Course Content

ECTS

Financial Reporting & Analysis

14

International Financial Accounting

2

This course deals with the underlying fundamentals of financial reporting, the factors that affect accounting standard-setting, and the mechanics of accounting for events and transactions that have an economic effect on single-entity firms. The focus of this course is to allow course participants to gain an understanding into the preparation of financial statements.After successful completion of this course, students should be able to:

Defend the usefulness of financial reporting and accrual accounting

Demonstrate the knowledge of double-entry and accounting systems

Record accounting entries for various economic transactions

Prepare balance sheets and income statements for single entities

Reconcile cash flow statements

International Corporate Financial Reporting and Consolidation

4

This course provides a more thorough understanding of financial reporting and extends the fundamentals for multi-establishment firms to consolidation. Starting from the International Financial Reporting Standards (IFRS), students will be able apply knowledge, skills and exercise professional judgment in the application and evaluation of financial reporting principles and practices in a range of business contexts and situations.After successful completion of this course, students should be able to:

Advise on and report the financial performance of entities

Prepare the financial statements of groups of entities in accordance with IFRS

Interpret Business Combinations and the Consolidation Process

Comment on Intercompany Transactions and Consolidation of Foreign Subsidiaries

Account for Foreign Currency Transactions and Derivatives

International Financial Reporting and Analysis I

2

This course provides students with a background for evaluating trends in a company’s performance over several measurement periods and for comparing the performance of different companies over a given period. The courses cover in great depth financial analysis techniques based on the financial reports.After successful completion of this course, students should be able to:

Describe tools and techniques used in financial analysis, including their uses and limitations

Classify, calculate, and interpret basic financial ratios

Describe the relationships among ratios and evaluate a company using ratio analysis

Demonstrate the application of DuPont analysis of return on equity

Calculate and interpret ratios used in equity analysis, credit analysis, and segment analysis

Describe how ratio analysis and other techniques can be used to model and forecast earnings.

International Financial Reporting and Analysis II

2

Students take the perspective of a financial analyst and study the effects of alternative financial reporting policies on financial statements and ratios to execute appropriate adjustments and to enhance comparability between companies. The focus shifts from a pure technical calculation exercise towards a comparison between a company’s reported financial statements and the economic reality.After successful completion of this course, students should be able to:

Interpret and describe the presentation and disclosures relating to inventory valuation

Calculate and interpret ratios used to evaluate inventory management

Interpret the impact of different amortization methods for intangible assets with finite lives and the effects of assumptions concerning useful life / residual value on amortization expense

Apply a revaluation model / impairment test and explain the financial impact

Analyze disclosures relating to deferred tax items and the effective tax rate reconciliation

Identify the key provisions of and differences between income tax accounting under IFRS and U.S. GAAP.

Operational Audit Techniques

2

The purpose of this course is to strengthen the students’ ability to anticipate, analyze, and react appropriately to ethical issues that managers as well as employees are confronted with. The course discusses topics on personal integrity, internal and external contexts of globalized businesses, ethics in strategy and global standards for competition.Upon successful completion of this course, candidates should be able to:

Recognize the legal and regulatory environment and its impact on audit and assurance practice

Demonstrate the ability to work on an assurance within a professional / ethical framework

Assess and recommend quality control policies / procedures in practice

Identify and formulate the work required to meet the objectives of audit assignments and apply the International Standards on Auditing

Understand the current issues and developments of audit- related and assurance service

Risk Based Internal Audit

2

No course description available.

Management & Strategy

13

Project Management

2

The course aims at providing students with a good understanding of the nature and rigour of project management, to learn to:

Initiate a project

Define a project planning

Execute the project in line with budget, time, and scope requirements

Control/manage the execution of a project

Transfer the results of a successful project

At the end of the course, the student should be able to:

Master risk management terminology.

Initiate and control the risk management process.

Define strategies to mitigate risks on project objectives.

Consultancy Management

2

The course intends to provide the students with all the necessary tools in order for them to understand the nature and rigour of management consulting and apply skills in management consulting processes; to identify the consulting sector characteristics and features for future employment; to recognise, analyse and negotiate consulting opportunities; to demonstrate problem solving, design and other analytical skills and learn overall consulting process skills; to apply the economics of management consulting to set rates and compensate consultants; to generate insights with meaningful conclusions and recommendations.

Business Ethics and Managerial Behavior

3

Understand the global context of business, key issues for business activity, as well as business’ social and environmental impact;

Develop a strategic, proactive vision that reflects social and environmental concerns while emphasizing competitive advantage, corporate value creation, innovation, and leadership;

Apply theory to practice by emphasizing how global businesses can potentially contribute to the creation of positive social change and to the development of a sustainable future. In this perspective, the course could be structured around the following sequences:
– Defining CSR and stakeholder management;
– Designing and implementing a CSR strategy;
– Communicating CSR through reporting and advertising;
– Implementing CSR through responsible leadership;
– Coping with ethical dilemmas in CSR.

Business Game

2

This course is based on a business management simulation game that integrates the functional areas of production, marketing, logistics, finance and strategy. It increases participants’ awareness of operating a company from a general management perspective. At the end of the course, the student should be able to understand how to design and implement a strategy for different kinds of markets; interpret and forecast market situations and financial results and translate them into goal-oriented decisions; analyse problems, find solutions and take decisions in a context characterised by changes; recognize the interactions among the various companies and external stakeholders in a complex and interrelated environment.In this business game, teams will develop and execute strategies for their simulated company operating in different markets with specific customer behavior, cost structures, and currency fluctuations. They will be required, in several rounds of the game, to make operational decisions and overcome various business challenges.

Talent: Career Support Program

2

Career Support Program.

Managing and Leading a Professional Service Firm

2

No course description available.

Audit & Internal Control

16

Audit Techniques

2

This is an introduction to audit assignments and discusses concepts like the need for auditors and their independence. Further it advances in audit regulations, the audit process itself, and business risk approach. Students will evaluate true and fairness in reports based upon substantive testing procedures and will discuss year-end cut off and provisions and contingencies.Upon successful completion of this course, candidates should be able to:

Understand the nature and need for auditing

Comprehend how and where auditing fits into business activities and identify the steps of the audit process

Distinguish between tests of controls and substantive testing

Discuss the special issues at year-end during an audit

Accounting Information Systems

2

This course deals with conceptual models and physical implementation of accounting information systems. Accounting systems are studied from an accounting cycle’s perspective, emphasizing the nature and relevance of accounting internal controls and the relationship of accounting systems to the functional areas of accounting. Using contemporary information technology, students analyze, design, and implement accounting systems along with relevant internal control structures.Upon successful completion of this course, candidates should be able to:

Design business processes and represent them with documentation tools

Analyze business data to provide insights about business operations and performance

Develop a spreadsheet and database manager

Design and implement well-structured databases to enable business processes.

Evaluate internal control in information systems and design controls to mitigate risks

Controling and auditing corporate social responsibility

2

No course description available.

Forensic Accounting and Fraud Risk Management

2

The purpose of this course is to give students an introduction to forensic accounting and its role within society. It will cover examples of legal system and regulations affecting forensic accounting. The module will also introduce some of the resources and technology available.Upon successful completion of this course, candidates should be able to:

Use forensic technology in both financial investigations and expert witness assignments

Interpret SOX and AICPA procedures for defining and detecting fraud (SASS 99)

Digital Evidence Recovery; Data Analytics; Electronic Discovery

Discuss identification strategies via “fuzzy” matching

Quantitative Methods

2

The purpose of this course is to introduce students to time value of money techniques and statistics and probability techniques. Also, the course introduces students discrete and continuous probability distributions most commonly used to describe the behavior of random variables in the field of investment and project valuation and in financial risk management.Upon successful completion of this course, candidates should be able to:

Quantify relationships among various variables

Interpret estimation results and make predictions

Interpret hypothesis tests and comment on the reliability of results

Mitigate and interpret problems that arise during econometric estimations

Management Accounting

2

This course introduces candidates to elements of management accounting which are used to make and support decisions. The course introduces the nature, the source and purpose of cost accounting and the costing techniques used in business. Further, it contains a discussion on the use of budgeting and standard costing and variance analysis as essential tools for planning and controlling business costs.On successful completion of this course, candidates should be able to:

Explain the nature, source and purpose of management information

Explain and apply cost accounting techniques, including activity-based costing (ABC) and time-driven ABC (TDABC)

Prepare budgets for planning and control

Compare actual costs with standard costs and analyze the resulting variances

Explain and apply performance measurements and monitor business performance

Management Control and Decision Making

2

This course builds on the concepts covered in management accounting and intensifies the focus on decision-making. It introduces the student to an economics-based framework for understanding the use of accounting data for decision-making and control in organizations. The course aims at developing an analytical and critical mind towards relevant management accounting practices.On successful completion of this course, candidates should be able to:

Differentiate between short and long-term decision relevance criteria

Matching proper performance techniques for optimal strategic decisions

Perform probability modeling for short-term profitability planning

Perform customer profitability analyses

Understand and apply the fundamentals underlying Goldratt’s ‘Theory of Constraints’

Data Analytics

2

At the end of this course, the students will have a good understanding of a global IT audit framework. The students will be able to realize a preliminary evaluation of risks related to an information system, and assess the risks related to the systems security, the systems adaptability, the activity continuation plan and management of accesses. They will also have the opportunity to: evaluate the coverage of the risks related to an information system by the appropriate criteria; prepare the right recommendations to be implemented from the identified risks; and reproduce an IT audit interview in a real business context. The student should also be able to identify advanced data analytics techniques through real-life examples (clustering, link analysis, tag cloud and text mining, etc.). In addition, the participant should be able to distinguish the main steps in a forensics data analytics approach and suggest the right utilization for the right situation. Similarly, the student will be able to: define the right questions starting from the available data; collect and pre-process data; review models estimations and interpretation. The students should also be able to use some basic methods packaged in data analytics software’s like R.

Corporate Finance, Taxation & Global Economy

13

Corporate Finance

2

This course provides an introduction to business finance issues on corporate financial management and investments. The primary objective is to provide a framework, concepts, and tools for analyzing financial decisions based on fundamental principles of modern financial theory.Upon successful completion of this course, candidates should be able to:

Understand the company’s financing decision (debt vs. equity) and its effect on firm value.

Understand the significance of taxes on financing decisions and its effect on firm value.

Understand the company’s optimal capital structure in financial distress and bankruptcy.

Understand the effect of managerial incentives on financial decisions and firm value.

Understand the trade-offs in pay-out policies and their significance to investors and firm value.

Accounting and the Global Economy

2

This course brings insights in the standard setting process and economics of the financial reporting process for international businesses.Upon successful completion of this course, students should be able to:

Interpret the linkage of (supra-national) institutions [e.g., legal, governmental, and societal] to market functioning.

Formulate opinions on accounting best practice (including concept neutrality and prudence discussions)

Understand the impact of accounting harmonization initiatives and its effect on reporting outcomes.

Comment on the need for IFRSs for SMEs.

Evaluate International Public Sector Accounting Standards (IPSAS) and comment on the reasons why governments have been slow to adopt the standards.

Discuss and evaluate integrated reporting and other narrative forms of reporting.

Financial Econometrics

2

No course description available.

Corporate Governance: A Financial Perspective

2

No course description available.

Visual Basic for Applications

2

No course description available.

International Taxation

3

The course will look in detail at the key tax provisions affecting the treatment of international business operations. Upon successful completion of this course, candidates should be able to:

Discuss the basis of taxation and the importance of company residence

Evaluate impact of branches/permanent establishments on taxation

Interpret cross-jurisdictional trade activities and other transactions

Explain double tax treaties, double tax relief, and withholding taxes

Discuss the issues about transfer pricing between controlled (foreign) companies

Interpret group provisions re. losses and gains

Recent anti–avoidance provisions

Certified Management Accountant

4

CMA 1

2

No course description available.

CMA 2

2

No course description available.

Hands-on Experience

30

Internship or work experience, thesis, or consulting project

30

4-6 month internship or work experience, thesis, or consulting project anywhere in the world.

Entrepreneurship Addendum*

30

5 courses and a collaborative project:

30

*Students holding a 3-year Bachelor degree (< 210 ECTS) as their highest-level degree prior to entering the Master of Science program that wish to receive the state-recognized Master degree on top of their MSc degree, will have to successfully complete an additional semester on Entrepreneurship. This is linked to the fact that a state-recognized Master degree in France requires participants to accumulate at least 300 ECTS, Bachelor degree included. As the standard Master of Science represents 90 ECTS, the School organizes a one-semester “Entrepreneurship Addendum” of 30 ECTS to enable all enlisted students to achieve the required 300 ECTS. The cost of this additional semester equals 4.500€ extra.

Technology Entrepreneurship & New Business Development

Creative Business Modelling

Design Thinking

Innovation Management

Entrepreneurial Funding

French language classes

French language lessons

French language lessons for all levels are included in the program for international students. French is the mandatory choice for all non-French speaking students.

Workshops and Corporate Events

Alongside the courses, the program includes various workshops and corporate events to further develop your personal and professional skills. These cover a range of topics, such as conflict management in cross-cultural environments and intercultural communication.
Our Talent program helps participants to establish their professional career plan by working on their skills, personal strengths, and using networking tools to be prepared to meet recruiters’ expectations internationally.

INTERNSHIP

During their internship, students are able to combine theories of management with hands-on experience and apply the cross-cultural skills they have developed at IÉSEG.

Audit Intern, Accountant Intern, Financial Analyst, Control Intern, Audit Project Manager or Financial Control Assistant for example: the internship opportunities offered by the program at the end of the curriculum are multiple.

Some companies which hire our interns: BMW Bank GmbH, Capgemini, Cargill Business Services, Deloitte, Motion Equity Partners, Evergreen Shipping Agency Corporation, Grant Thornton, HSBC, KPMG, Mizuho Bank, PWC, Safran Aircraft Engines, Sanofi Aventis Groupe, etc.

The internship can be undertaken in France or abroad. Most students have done their internships in Europe, in France or in Asia for example.

An IMA Higher Education Endorsed Program and the CMA®

The IMA (Institute of Management Accountants) Higher Education Endorsement Program is a program that identifies business curricula that meet the quality educational standards required to enable students to earn the CMA® (Certified Management Accountant) designation, and it helps other schools develop such programs.

IMA’s globally recognized CMA® (Certified Management Accountant) program is a relevant assessment of advanced accounting and financial management knowledge in critical areas such as financial planning, analysis, control, and decision support.
For more information about the CMA certification program, please visit www.imanet.org/certification.

Zoom on… Data Analytics

The evolution of the accounting profession is fundamental for the program.The Data Analytics course allows participants to get involved with advanced data analytics techniques through real-life examples (clustering, link analysis, tag cloud and text mining, etc.).
Participants get acquainted with the main steps in a forensics data analytics approach and gain knowledge on the use of some available data analytics software.

Local contact

Find here your dedicated contact in your region.

General contact

Élise LANCELOT