Finance

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Program Overview

Semester 1


Fundamental Learning Unit

Financial Accounting 1

Microeconomics 1

Introduction to Economics


Methodological Learning Unit

Statistics 1

Mathematics 1


Exploratory Learning Unit

Introduction to Organizational Sociology

Introduction to Law


Transversal Learning Unit

Foreign Language 1


Semester 2


Fundamental Learning Unit

Financial Accounting 2

Microeconomics 2

Business Economics

History of Economic Thought


Methodological Learning Unit

Statistics 2

Mathematics 2


Exploratory Learning Unit

Computer Science 1

Commercial Law


Transversal Learning Unit

Foreign Language 2


Semester 3


Fundamental Learning Unit

Managerial Accounting

Macroeconomics 1

Public Finance

Monetary Economics


Methodological Learning Unit

Statistics 3

Financial Mathematics

Introduction to Business Administration


Exploratory Learning Unit

Research Methodology


Transversal Learning Unit

Computer Science 2


Semester 4


Fundamental Learning Unit

Corporate Finance

Macroeconomics 2

Business Management

International Accounting Standards


Methodological Learning Unit

Statistics 4

Operations Research Fundamentals


Exploratory Learning Unit

Entrepreneurship

Business Ethics


Transversal Learning Unit

Foreign Language 3


Semester 5


Fundamental Learning Unit

Financial Management 1

Advanced Financial Accounting 1

Financial Markets

Corporate Taxation


Methodological Learning Unit

Management Control

Banking Techniques


Exploratory Learning Unit

Business Law


Transversal Learning Unit

Specialized Foreign Language 1


Semester 6


Fundamental Learning Unit

Financial Management 2

Advanced Financial Accounting 2

Financial Theory

International Trade & Finance


Methodological Learning Unit

Project Evaluation

Bachelor's Graduation Project


Exploratory Learning Unit

Data Analysis


Transversal Learning Unit

Specialized Foreign Language 2

Teaching Language : Arabic and French

Curriculum Highlights

Core Courses

Semester 5


Fundamental Learning Unit

Financial Management 1

Advanced Financial Accounting 1

Financial Markets

Corporate Taxation


Methodological Learning Unit

Management Control

Banking Techniques


Exploratory Learning Unit

Business Law


Transversal Learning Unit

Specialized Foreign Language 1


Semester 6


Fundamental Learning Unit

Financial Management 2

Advanced Financial Accounting 2

Financial Theory

International Trade & Finance


Methodological Learning Unit

Project Evaluation

Bachelor's Graduation Project


Exploratory Learning Unit

Data Analysis


Transversal Learning Unit

Specialized Foreign Language 2


Advanced Topics

Semester 5


Fundamental Learning Unit


Financial Management 1

- Fundamentals of Financial Management (Review)

- Balance Sheet Analysis

- Profit & Loss Review

- Margin Analysis

- Cash Flow Basics

- Equity Changes


Advanced Financial Accounting 1

- Tangible, intangible, and financial fixed assets accounting

- Finance lease contracts accounting

- Long-term contracts accounting (construction contracts)

- Inventory accounting (allowances and revolving provisions)

- Customer deferred transactions accounting: commercial papers

- Foreign currency transactions accounting

- Payroll and salaries accounting

- Taxes and duties accounting (including deferred taxes)


Financial Markets

- Introduction to the financial system

- Basics of financial markets

- Financial market regulation

- Financial instruments and derivative contracts

- Securities market pricing

- Stock market indices

- Stock exchange listing procedures

- Market efficiency: Introduction to the Efficient Market Hypothesis (EMH)

- Introduction to technical and fundamental market analysis


Corporate Taxation

- Introduction to taxation

- Legal framework of the Algerian tax system

- Global Income Tax (GIT)

- Corporate Profit Tax (CPT)

- Professional Activity Tax (PAT)

- Value Added Tax (VAT)

- Single Lump-Sum Tax (SLT)

- Corporate tax planning


Methodological Learning Unit


Management Control

- Nature of management control

- Management control within cost accounting techniques (direct vs. indirect costs)

- Management control within full costing method

- Management control with rational allocation of fixed costs

- Management control using variable costing analysis

- Management control with standard direct costs and variance analysis

- Management control with standard indirect costs and variance analysis

- Budgetary planning


Banking Techniques

- Overview of banking institutions

- Bank accounts management

- Payment instruments management

- Savings products

- Credit allocation

- Islamic banking techniques: Murabaha, Musharaka, Mudaraba, Istisna'a, Ijara, Tawarruq


Exploratory Learning Unit


Business Law

- Concept of Business Law

- Commercial activities related to currency and financial operations

- Actors in the commercial environment

- Commercial companies

- Startups established as Simplified Joint-Stock Companies (SJSC)

- Regulatory authorities in finance and business


Transversal Learning Unit


Specialized Foreign Language 1

- Company structure

- Financial institutions

- Accounting principles

- Funding

- Financial securities

- Stocks and shares

- Derivatives and futures


Semester 6


Fundamental Learning Unit


Financial Management 2

- Introduction to financial ratio analysis

- Operational risk analysis using leverage and break-even point (linear/non-linear analysis...)

- Profitability analysis (return ratios) and financial leverage

- Operating cycle analysis (working capital requirement estimation)

- Financing the operating cycle / Short-term financing policy analysis

- Corporate capital structure and cost of capital study


Advanced Financial Accounting 2

- Fixed assets adjustments: Depreciation, Revaluation differences, Impairment losses

- Inventory adjustments: Perpetual vs. periodic inventory systems, Inventory impairment, Inventory count variances, other inventory adjustments

- Accounts receivable adjustments: Doubtful accounts provision, Bad debt write-offs

- Provisions adjustments: Liability provisions, Expense/product provisions

- Bank reconciliation approach

- Accounting policies, estimate changes & error corrections

- Post-closing date events

- Preparation of financial statements


Financial Theory

- Introduction to financial investments

- Expected Utility Theory

- Risk-Return Analysis of Individual Investments

- Equity Valuation Using Discounted Cash Flow Models

- Bond Valuation

- Managing Bond Price-Interest Rate Sensitivity

- Introduction to Modern Portfolio Theory


International Trade & Finance

- Introduction to International Trade and Finance

- Theories of International Trade

- Regional Economic Blocs

- Foreign Trade Policies

- Balance of Payments

- Exchange Rate Regimes

- Foreign Exchange Markets

- Foreign Exchange Risk Management

- Foreign Direct Investment (FDI)

- International Trade Financing Mechanisms


Methodological Learning Unit


Project Evaluation

- Fundamental Concepts of Investment Projects

- Investment Project Components & Capital Budgeting

- Investment Project Appraisal Methods

- Time Value of Money

- Time-Adjusted Evaluation Methods

- Aggregate Evaluation Methods

- Risk-Adjusted Evaluation Methods

- Uncertainty-Based Evaluation Methods

- Special Issues in Project Appraisal


Bachelor’s Graduation Project

- Feasibility Study: Student-prepared project under professor supervision, developing a business plan to materialize the project idea. This falls under entrepreneurship center or business incubator guidance and follows evaluation by experts per Ministerial Decision 1275.

- Open Workshops: Organization and participation in university-wide workshops inviting sector representatives (banking, accounting, commerce directorate, industry directorate, insurance, telecoms, production/industrial enterprises) to mentor 3rd-year students.

- Specialization Seminars: Training workshops covering: Statistical database creation, Stock market indicator tracking/analysis, Specialized foreign article translation, Other technical topics

- Field Internship: Practical training with institutional supervision, culminating in a professional report co-guided by academic and industry mentors.

- Case Study Analysis: Examination of economic phenomena using statistical software (SPSS, R, Stata).

- Educational Tools Development: Design of applied programs to support coursework learning.

- Simulation Projects

- Field Research: Empirical studies addressing current challenges


Exploratory Learning Unit


Data Analysis

- Matrix Algebra Operations

- Linear Transformations & Eigenvalues

- Principal Component Analysis (PCA)

- Correspondence Factor Analysis (CFA)

- Multiple Correspondence Analysis (MCA)

- Cluster Analysis (CA)

- Discriminant Analysis (DA)


Transversal Learning Unit


Specialized Foreign Language 2


- Financial ratios

- Asset management

- Banking services

- leveraged finance

- Business letters

Admissions Information

- Management and Economics Baccalaureate

- Mathematics Baccalaureate

- Experimental Sciences Baccalaureate

- Technical Mathematics Baccalaureate

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