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Majors and Minors
Accounting, Finance and Actuarial and financial engineering
(HIR/BEng)
Katrien Antonio, Liesbeth Bruynseels, Kristien Smedts
March 16, 2016
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The AFI research group • AFI is short for Accountancy, Finance, and Insurance. • AFI’s educational coordinators:
Accounting, Auditing, Revisoraat
Risk & Finance Insurance, Actuarial & Financial Engineering
Prof. dr. Liesbeth Bruynseels Prof. dr. Kristien Smedts Prof. dr. Katrien Antonio
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‘Future selves’ of AFI students
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‘Future selves’ of AFI students
CFO Accounting and financial management
Banker/Regulator Financial markets, institutions, risk and
regulation
Auditor/Controller Accountancy and auditing
Actuary/Risk modeller Insurance, actuarial and financial
engineering
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AFI Master education
Career outlook - In the short run: financial analist, controller, auditor,
consultant, corporate finance expert, … - In the long-run: Chief Financial Officer of an
internationally oriented company, …
Profile of CFO 1
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AFI Master education
Training in accountancy and financial management - Accountancy: Risk Management & Control,
International Accounting, Introduction to Auditing and International Auditing Standards
- Financial management : Strategic Financial Management, International Business Finance, Financial Statement Analysis and Valuation
Profile of CFO 1
Major/Minor
A&FM
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AFI Master education
Masterpaper setup (24 stp) - Research paper of 30 pages - In groups of two students - Defense during a poster session - Research seminar (o.a. databases, methodology,
statistical software)
Profile of CFO 1
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AFI Master education
Masterpaper topics (selection) - Audit partner rotation: evidence for the Belgian audit market - Audit committee replacement following opportunistic insider
trading - Reputation in Managerial reporting: Honesty and Capability - Financial constraints and innovation - The effect of the Notional Interest Rate Deduction on the
capital structure of Belgian firms - The determinants of the choice between a formal liquidation
and a formal reorganization procedure
Profile of CFO 1
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AFI Master education
Career outlook - In the short run: financial analist, consultant in
financial services, risk manager, asset manager, trader, asset and liability manager, …
- In the long-run: executive in a financial services
company/regulator, financial expert, …
Profile of banker/regulator 2
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AFI Master education
Training in risk and finance - Markets: Asset pricing, Financial products, Trading and
exchanges
- Banking: Economics of financial intermediation
- Risk: Risk management in financial institutions, Loss models
Profile of banker/regulator 2
Major
Risk&Finance
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AFI Master education
Further specialization in finance - Corporate finance: Strategic financial management,
Financial statement analysis & valuation, International business finance
- Banking: Credit and Banking, Business Finance
- Financial Economics: Macro-finance, Empirics of financial markets
Profile of banker/regulator 2
Minor
Finance
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AFI Master education
Masterpaper setup (24 stp): see profile 1
Profile of banker/regulator 2
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AFI Master education
Masterpaper topics (selection) - Return predictability of Bitcoin/USD - Modelling macro-economic stress test and its impact on
credit portfolio quality - Liquidity risk and multiple venues - Uncertainty and Systematic Risk in banking - Business models of banks in the new regulatory context: the
ideal sweetspot for capital, liquidity and leverage? - Stress tests and banks’ incentives for private information
disclosure
Profile of banker/regulator 2
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AFI Master education
Career outlook - In the short run: actuary, risk manager/modeller,
financial engineer, quant trader, regulator, … - In the long-run: executive in a financial services
company, chief actuary, regulator, insurance expert, …
Profile of actuary/quantitative risk modeller 3
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AFI Master education
Your gateway to a career in actuarial and financial engineering: (1) HIR: Minor Financiële en Actuariële Wetenschappen;
(2) BEng: Major Risk & Finance and Minor Financial & Actuarial Engineering;
(3) (Rest of) MSc in Insurance Studies + MSc in Financial and Actuarial Engineering.
Profile of actuary/quantitative risk modeller
3
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AFI Master education
Profile of actuary/quantitative risk modeller 3
More about this ‘future self’ from www.lrisk.be See ‘Education’ pages and ‘Alumni’ section on LRisk website.
“I believe the MFAE is a perfect complementary master for business engineers with an aptitude for quantitative courses.” Alexander Vandewiele, BEng, MSc Insurance Studies & MFAE 2015
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AFI Master education
Career outlook
financial manager
Auditor controller
Information manager
(tax) consultant
Profile of auditor/controller 4
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AFI Master education
Training in accountancy and auditing Preparation to become certified auditor and accountant, with specialization in the area of: - Accountancy and Auditing: Auditing, Boekhoudrecht
Prakt i jkcol lege account ing, Deontologie van accountancy en revisoraat
- Law: Vennootschapsbelasting, Personenbelasting, B e l a s t i n g o v e r d e t o e g e v o e g d e w a a r d e , Vennootschapsrecht, Sociale wetgeving
Profile of auditor/controller 4
Major
Accountancy & Auditing
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AFI Master education
Further specialisation in accountancy and/or auditing - Accountancy and Auditing: Introduction to auditing
and IAS, Boekhoudrecht, Praktijkcollege accounting, Deontologie van accountancy en revisoraat, International accounting, Reporting for banks, Reporting for insurance companies
- Auditing: Vennootschapsbelasting, Personenbelasting, Belasting over de toegevoegde waarde, Vennootschapsrecht, Sociale wetgeving
Profile of auditor/controller 4
Minor
Accountancy & Auditing
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AFI Master education
Masterpaper setup (24 stp): see other profiles.
Profile of auditor/controller 4
Mark magazine with De Standaard March 4, 2016
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Masterpaper topics (a selection) - Audit Committee Chair versus CEO Power and
Earnings Quality - TARP banks and their auditors - Internal control deficiencies and Earnings Reliability:
the role of the auditor - Audit partner rotation: Evidence for the Belgian bank
audit market - Audit firm rotation and market entry
Profile of auditor/controller 4
AFI Master education
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More information? • AFI is your gateway for a career in Accounting, Audit,
Finance, Risk or Actuarial & Financial Engineering!
• Contact our educational coordinators for more information: