Le Grand Syllabus 2016/2017
CFA SEMINAR PART 1
Semester : Autumn and Spring Number of hours : 48 Language of tuition : English
focus on ethics, economics, corporate ﬁnance, asset valuation and portfolio management ; Required reading : 1.CFA Curriculum is made of 6 volumes. Semester 1 will cover Volumes 1 and 3.
Teachers : Gary CANTOR (Independant ﬁnancial consultant and trainer, Cantor Gary Stuart), Nathalie COLUMELLI (Consultante, FINANCE TRAINING), Zakaria DAROUICH (Gérant de Portefeuilles, AMUNDI). Prerequisite : Basic knowledge in Quantitative methods and ﬁnancial statements Pedagogical format : Seminar Course validation : Students take a mock exam at the end of the seminar Students take the CFA level 1 exam on Saturday, June 3rd 2017 The exam is organized on that single day by the CFA Institute in Paris Workload : The CFA level 1 course (Semesters 1 and 2) implies a large commitment of personal and autonomous study of 320 hours. For the Semester 1 course, students will need to allocate 120 hours to master the material. Pedagogical method : Students study the topics in the CFA curriculum books before the course The course is made of 1/3 theory and 2/3 practice For each topic, professors focus on technics for correctly answering the CFA Exam questions on each topic. Additional questions will be dealt with by e-mail until the exam date. Students should always attend the course with an authorized calculator : Authorized calculator : Texas Instrument TIBA2+ Course Description : The CFA Program provides a strong foundation of advanced investment analysis, analytical and real-world portfolio management skills. It is strongly anchored in high professional ethical standards. Hiring leading ﬁrms often require the CFA credential when considering job applications. This course objective is to cover the CFA level 1 program with a focus on exam practice. During the 1st Semester, the course will cover ﬁnancial reporting and analysis and quantitative methods while in the 2nd semester, the course will 2046
COMPLIANCE AND INTERNAL CONTROL
Semester : Autumn Number of hours : 24 Language of tuition : English
Opened to the exchange program
Teachers : Dominique PENEAU-GERBAUX (Exton Consulting - Associée). Prerequisite : None. Pedagogical format : Elective Course validation : 4 credits. Pedagogical method : 12 sessions of 2 hours (24h). Course Description : New regulations add new and extended responsabilities to the internal control department and the compliant ofﬁcer. We will study how the new ﬁnancial regulation has been settled in the banking sector and has spreaded in insurance and industry. The lecture will focus on internal control concepts, fundamental and organization principles, with a focus on different control levels, the risk management function and the audit function. Secondly the lecture will focus on the Compliant ofﬁcer. This new top manager is more powerful each year due to new assignements : how to qualify and prevent fraud, to deﬁne and manage Anti Money Laundering action plans and to tackle terrorism. The compliant ofﬁcer and the internal controller have reinforced their consulting role to the board. As States are putting a lot of pressure to Bankers and Insurance Companies to manage their risk in a matured and more secured way, we will analyse new controls to be putted in place and the correlated ﬁnancial penalties for unefﬁcient control system. Required reading : Contrôle interne : Concepts, Réglementation, Cartographie des risques, Guide d'audit de la fraude, Méthodologie et mise en place, Référentiels, modes opératoires, Frédéric Bernard, Rémy Gayraud & Laurent Rousseau.