COMPTABILIT BANCAIRE :

LES FONDAMENTAUX

BANKING ACCOUNTING :
THE FUNDAMENTALS
2 DAYS

OBJECTIVE

To have a clear understanding of IFRS rules and their application within

financial and credit institutions.

OBJECTIF

Bien comprendre les IFRS et leur application au sein des entreprises

financires et des tablissements de crdit.

TRAINEES PROFILE

Financial and Accountancy Department Executives, Accountants,

Representatives of procedures structures & organization, internal and
external auditors, inspectors.

PROFIL STAGIAIRE

Responsables des Directions financires et comptables, Comptables,

Responsables des structures de procdures et de lorganisation,
Auditeurs internes et externes, Inspecteurs.

TRAINER'S PROFILE

Consultant/Expert in banking accounting.

PROFIL FORMATEUR

Consultant/Expert en comptabilit bancaire.

PRESENTATION OF IAS 39
+ The different accounting methods and their
practical application : synthesis of IAS39
CASH OPERATIONS
+ Trading portfolio
+ Tools available for sale (AFS)
+ Tools owned until due date:
+ The case of the Tainting rule
+ Loans and other debts: the case of the effective
interest rate
THE BY-PRODUCTS : INTEREST RATE
SWAP, XCHANGE SWAP,OPTION
+ Handling of by products : interest rate swap and
option accountancy in the IRS in the HFT portfolio
+ Accountancy of this kind of products ; their hedging
+ The fair value hedging (FVH)
+ The cash flows hedging (CFH)

10

2 JOURS

CORPORATE FINANCING

DEPRECIATION (INDIVIDUAL BASIS)

+ The problematic of incorporated by-products : which
recording/recognition and derecognition (application
to repurchase agreement operations)
THE FINANCIAL TOOLS ACCOUNTING REFORM : IFRS9

LA PRSENTATION DE LIAS 39
+ Les diffrentes mthodes comptables utilises et
leur traduction pratique : synthse de lIAS39

LA DPRCIATION (BASE INDIVIDUELLE)

+ La problmatique des drivs incorpors : quelle
comptabilisation et dcomptabilisation (application
aux oprations de repurchase agreement )

LES OPRATIONS CASH

+ Le portefeuille de trading
+ Les instruments disponibles la vente (AFS):
+ Les instruments dtenus jusqu chance:
+ Le cas de la rgle du Tainting
+ Les prts et autres dettes:
+ Le cas du taux dintrt effectif
LES PRODUITS DRIVS : INTEREST RATE
SWAP, XCHANGE SWAP, OPTION
+ Comptabilisation de ces produits drivs et de leur
couverture
+ La notion de juste valeur
+ La couverture des flux
+ La spcificit de l'valuation des options

FI NAN CEM ENT DES ENTREPRISES

11

IFRS REGULATION AND FINANCIAL

INSTRUMENTS

IFRS ET LES INSTRUMENTS

FINANCIERS : IAS 39

2 DAYS

OBJECTIVE

Handling / applying IFRS/IAS rules.

Comment the news about the replacement of the rule IAS 39 and
understand its stakes.

OBJECTIF

Matrise des normes IFRS /IAS.

Faire un point dactualit sur le remplacement de la norme IAS 39 et
comprendre ses enjeux.

TRAINEES PROFILE

Finance and Accounting Department Executives, Consolidation

Executives, lawyers, tax specialists, public accountants and legal
auditors, cost controllers.

PROFIL STAGIAIRE

Responsables comptables et financiers, Responsables consolidation et

consolideurs, Fiscalistes, avocats, experts-comptables et commissaires
aux comptes, Contrleurs de gestion et responsables de trsorerie.

TRAINER'S PROFILE

Consultant/Expert in IFRS.

PROFIL FORMATEUR

Consultant/Expert en IFRS.

THE NOTION OF FINANCIAL TOOL IN IFRS AND THE

LASTING PRINCIPLES FROM IAS 39 TO IAS 9
+ The notion of financial instruments in IFRS
+ Financial instrument fair value in the balance-sheet
+ A high demand for analysis besides instruments
HANDLING OF FINANCIAL INSTRUMENTS
ACCORDING TO IAS 32, IAS 39 AND IFRS 7
+ To know about the evaluation basics of financial
instruments
+ The notion of fair value and its establishing
modalities
+ Application exercise: calculation of a TIE
+ Accounting and assessing the financial assets and
liabilities according to IAS 39

12

2 JOURS

CORPORATE FINANCING

ACCOUNTING AND EVALUATION OF

FINANCIAL INSTRUMENTS
+ Identify the by-instruments
+ Set up the hedging accountancy
+ Present the information to give in financial
statements and annexes according to IFRS 7
The trainer will comment the updated reforms and their
application modalities

LA NOTION DINSTRUMENT FINANCIER EN

IFRS ET LES PRINCIPES QUI RESTERONT
INVARIANTS DIAS 39 IFRS 9
+ La notion dinstrument financier en IFRS
+ Des instruments drivs la juste valeur dans le
bilan
+ Une exigence danalyse en substance des
instruments

COMPTABILISER LES DPRCIATIONS

DACTIFS FINANCIERS
+ Identifier les instruments drivs
+ Mettre en uvre la comptabilit de couverture
+ Prsenter linformation fournir dans les tats
financiers et les annexes selon IFRS 7
Le formateur effectuera un point sur l'actualit des
rformes et de leur modalit d'application

MATRISER LE TRAITEMENT DES INSTRUMENTS

FINANCIERS SELON IAS 32, IAS 39 ET IFRS 7
+ Connatre les bases dvaluation des instruments
financiers la notion de juste valeur et ses modalits
de dtermination) Exercice dapplication : calcul
dun TIE
+ Comptabiliser et valuer les actifs et les passifs
financiers selon IAS 39

FI NAN CEM ENT DES ENTREPRISES

13

GESTION INTERNATIONALE
DE TRSORERIE

INTERNATIONAL
CASH POOLING
2 DAYS

OBJECTIVE

Mastering the risks of international cash-management and the relevant

techniques.

OBJECTIF

Matrise des normes IFRS /IAS.

Faire un point dactualit sur le remplacement de la norme IAS 39 et
comprendre ses enjeux.

TRAINEES PROFILE

Sales engineer, assistant, lawyer and executive, financial profile and

executive.

PROFIL STAGIAIRE

Responsables comptables et financiers, Responsables consolidation et

consolideurs, Fiscalistes, avocats, experts-comptables et commissaires
aux comptes, Contrleurs de gestion et responsables de trsorerie.

TRAINER'S PROFILE

Consultant/Expert en centralisation de trsorerie (filiales et maison

mre). Consultant/Expert on centralization of cash management
(subsidiaries and parent company).

PROFIL FORMATEUR

Consultant/Expert en IFRS.

INTERESTS AND STAKES OF THE CASH POOLING

THE TECHNICAL MEANS OF THE CASH POOLING
+ The merger of the interests scale
+ The cash pooling
+ The netting or multilateral balancing
THE CLIENTS IMPACTS OF THE CHANGES
TO WANTS THE CASH POOLING
+ The operational and organizational constraints
+ Anticipate the operational impacts
+ International context vs cash pooling
REALIZE A PRE-IMPLEMENTATION DIAGNOSIS
+ Maping for each subsidiary or entity of the group
+ Fiscal and legal impacts of the cash pooling
+ Financial and Fiscal Optimization
+ Legal Documentation to set up

14

2 JOURS

CORPORATE FINANCING

THE ESSENTIAL ASPECTS OF THE NEGOTIATION

+ The banking negociation
+ The flow optimization
+ The netting operations
+ The key structure
+ The centralized handling of the exchange rate risk

INTRTS ET ENJEUX DU CASH POOLING

LES MOYENS TECHNIQUES DU CASH POOLING
La fusion des chelles d'intrts
+ Le cash pooling
+ Le netting ou compensation multilatrale
+

LES POINTS ESSENTIELS DE LA NGOCIATION

+ Ngociation bancaire
+ Optimisation des flux et structure pivot
+ La gestion centralise du risque de change

LES IMPACTS CLIENT DE LA MUTATION

VERS LE CASH POOLING
+ Les contraintes oprationnelles et
organisationnelles
+ Prvoir les impacts oprationnels
+ Difficults lies au contexte international
RALISER UN DIAGNOSTIC PR-IMPLMENTATION
+ Cartographier pour chaque filiale ou socit du
groupe
+ Impacts fiscaux et juridiques du cash pooling
+ Optimisation financire et fiscale
+ Documentation juridique mettre en uvre

FI NAN CEM ENT DES ENTREPRISES

15

INGNIERIE FINANCIRE

FINANCIAL ENGINEERING
1 DAY

OBJECTIVE

Understand the principal financial structures/packages? linked with

stockholders equity operations.

OBJECTIF

Comprendre les principaux montages associs aux oprations de haut

de bilan.

TRAINEES PROFILE

Financial managers. All people willing to understand the mechanisms of

stockholders equity operations.

PROFIL STAGIAIRE

Directeurs financiers. Toute personne souhaitant comprendre les

mcanismes des oprations de haut de bilan.

TRAINER'S PROFILE

Consultant/Trainer/Instruction in Financial engineering.

PROFIL FORMATEUR

Consultant/Formateur en ingnierie financire.

IDENTIFY THE EXISTING CAPITALISTIC STRATEGIES

+ Create value for shareholders
+ Find out the optimal balance equity/debts
+ Application: choosing the level of debt
+ Define the principles of dilution and relution effects
FINANCE THE DEVELOPMENT THROUGH THE CAPITAL
+ Possible alternatives, working and realities of the
market
+ Analyze the mechanisms of quasi equity and
mezzanine funds
STRUCTURE THE COMPANY ACCORDING
TO THE ADOPTED STRATEGY
+ Restructure the company: the different possibilities
GET OUT OF A DIFFICULT SITUATION
+ Restructure a debt or a shareholding
+ Identify the contribution of specialized funds

16

1 JOUR

CORPORATE FINANCING

OPTIMIZE THE TAKEOVER OF A COMPANY

+ Pilote a merger & acquisition project
+ Case study : study of a merger & acquisition
operation
+ Pilote a project of capital development, LBO and
LMBO
+ Case study : process of a LBO and determination of
the best solutions of exit

IDENTIFIER LES STRATGIES

CAPITALISTIQUES EXISTANTES
+ Crer de la valeur pour les actionnaires
+ Trouver l'quilibre optimal fonds propres / dettes
+ Exercice d'application : choix d'un niveau
d'endettement
+ Dfinir les principes de l'effet de dilution et de
rlution
FINANCER LE DVELOPPEMENT PAR LE CAPITAL
+ Alternatives possibles, fonctionnements et ralits
du march
+ Analyser les mcanismes des quasi fonds propres et
des fonds mezzanines

SORTIR D'UNE SITUATION DIFFICILE

+ Restructurer une dette ou un actionnariat
+ Identifier l'apport de fonds spcialiss
OPTIMISER LA REPRISE D'UNE ENTREPRISE
+ Piloter un projet de fusion-acquisition
+ tude de cas : tude d'une opration de fusionacquisition
+ Piloter un projet de capital dveloppement, LBO et
LMBO
+ tude de cas : Droulement d'un LBO et
dtermination des possibilits de sortie les plus
adaptes

STRUCTURER L'ENTREPRISE EN FONCTION

DE LA STRATGIE ADOPTE
+ Restructurer l'entreprise : les diffrentes
possibilits
+ Matriser l'ensemble des dimensions du projet

FI NAN CEM ENT DES ENTREPRISES

17

STRUCTURATION DU RISQUE
DE CRDIT

CREDIT RISK
STRUCTURATION
1 DAY

OBJECTIVE

Understanding the legal means allowing the management of the

regulatory constraints CRB 97-02, and optimization of legal security
of the risk taken, management and refinancing of the risk taken at its
outcome stage.

OBJECTIF

Ce module a pour objectif de connatre les outils juridiques qui

permettent la gestion des contraintes rglementaires CRB 97-02
et d'optimiser la scurit juridique de la prise de risque, gestion et
refinancement du risque pris son dnouement.

TRAINEES PROFILE

Company managers, Financial Managers. Every person willing to

understand the mechanisms of micro and macro credit risk management
operations.

PROFIL STAGIAIRE

Dirigeants d'entreprise, Directeurs financiers. Toute personne souhaitant

comprendre les mcanismes des oprations de micro et macro gestion
du risque de crdit.

TRAINER'S PROFILE

Consultant/Credit-risk management expert.

PROFIL FORMATEUR

Consultant/Expert en gestion du risque de crdit.

DEFINITION OF THE FINANCIAL AND LEGAL RISK

+ Definition according to Basel III
+ Legal definition
+ Schism between both definitions : risk schism
STRUCTURE AND OPTIMIZE THE RISK TAKING:
CREATION OF THE LEGAL VEHICLE
+ Financial structuration : the cost of the risk
+ Legal structuration : the cost of the legal security
MARKETIZATION ? BETWEEN CONCEPT AND REALITY
+ Which financial optimization through the
marketizing of the risk
+ Transfer and flow of the credit risk securization and
credit derivative

18

1 JOUR

CORPORATE FINANCING

THE PERFORMANCE AND THE LEGAL RISK

+ Future of the marketized risk
+ Restructuration of the underlying risk
RESOLVE A MARKETIZATION OPERATION
OF THE CREDIT RISK
+ Resolution of the credit risk-taking
+ Reimbursement and reorganization of initial credit
risk-taking

DFINITION DU RISQUE FINANCIER ET JURIDIQUE

+ Dfinition selon Ble III
+ Dfinition juridique
+ Schisme entre les deux dfinitions : risque de ce
schisme
STRUCTURER ET OPTIMISER LA PRISE DE RISQUE
ET CRATION DU VHICULE JURIDIQUE
+ Structuration financire : le prix du risque
+ Structuration juridique : le prix de la scurit
juridique

LA PERFORMANCE ET LE RISQUE JURIDIQUE

+ Le devenir du risque marchis
+ La restructuration du risque sous jacent
DNOUER UNE OPRATION DE
MARCHISATION DU RISQUE DE CRDIT
+ Dnouement de la prise de risque de crdit
+ Remboursement et rorganisation de la prise de
risque de crdit initiale

MARCHISATION ENTRE CONCEPT ET RALIT

+ Quelle optimisation financire au travers de la
marchisation du risque
+ Transfert et circulation du risque de crdit :
titrisation et driv de crdit

FI NAN CEM ENT DES ENTREPRISES

19

INVESTIR EN EUROPE

INVEST IN EUROPEAN
COUNTRIES

1 JOUR

1 DAY

OBJECTIVE

To better understand attractivity differences between host countries

in Europe for foreign investments, to be able to evaluate investment
opportunities in Europe.

OBJECTIF

Comprendre les diffrences dattractivit entre les pays dEurope

(zone Euro/hors zone Euro), tre capable dvaluer les opportunits
dinvestissement.

TRAINEES PROFILE

Portfolio manager, mergers & acquisitions Directors.

PROFIL STAGIAIRE

Portfolio manager, Directeur du dveloppement, directeur des fusionsacquisitions.

TRAINER'S PROFILE

Consultant/Expert in portfolio management.

PROFIL FORMATEUR

Consultant/Expert en fusions-acquisitions transfrontalires, juriste

international.

+
+

+
+
+

20

Cross-border investment flows : stats

Differences in European legal environments (Euro/
non-Euro zone)
Case studies : portfolio investments : return, tax
approach, investment vehicles
Direct investments (financial or industrial ) :
categories, sectors, amounts, failures, successes
Regulatory steps
Post-acquisition follow-up
Potential future evolutions

CORPORATE FINANCING

Les flux dinvestissement transfrontaliers :

statistiques
+ La diffrence de lgislation zone Euro/hors zone
Euro
+ tudes de cas : investissement de portefeuille :
rentabilit, fiscalit, vhicules
+ Investissements directs (industriels ou financiers):
classifications, montants, russites, checs,
secteurs
+

tapes rglementaires
Suivi post-acquisition
+ volutions probable
+
+

FI NAN CEM ENT DES ENTREPRISES

21

FINANCEMENTS STRUCTURS ET
FINANCEMENT DE PROJET

STRUCTURED FINANCES AND

PROJECT FINANCING
2 DAYS

OBJECTIVE

To well understand the environment and the market of structured

finances as well as to know about the different forms of financing
project (BOT, DBFT, PPP) ; to evaluate the principal legal and financial
risks as their securing.

OBJECTIF

Comprendre lenvironnement et le march des financements structurs

et de connatre les diffrentes formes de financements de projet,
d'valuer les principaux risques juridiques et financiers et leur
scurisation.

TRAINEES PROFILE

Manager of back and middle-office managers in charge of structured

financing operations; sales engineer financing departments, structured
export finances or asset finances.

PROFIL STAGIAIRE

Manager de back et middle-office bancaire grant des oprations de

financements structurs. Responsable de financements de projets,
financements structurs export ou financements dactifs.

TRAINER'S PROFILE

Consultant/Expert in banking sector.

PROFIL FORMATEUR

Consultant/expert en financements structurs.

THE PROJECT FINANCING : GENERAL PRESENTATION

+ Understanding the conceptsProject financing,
corporate financing, public-private partnerships
(PPP)
STRUCTURATION OF PROJECT FINANCING
STRUCTURED FINANCES
+ Different actors through the financing structuration
stages and their principal partners
+ The legal and financial setting up of the Special
Purpose Vehicle
+ Subordination techniques (junior/senior debt,
mezzanine) and waterfall mechanism
+ The principal settings up
THE INFRASTRUCTURE FINANCING: CASE STUDY
+ The cash flow ratios : ensure the project monitoring
and the risk security.
+ Financing securization : financial and non financial
covenants, warranties

22

2 JOURS

CORPORATE FINANCING

Objective and relevance of a rating-agency

intervention
+ The role of credit insurers in the risk management.
+

APPLICATION TO THE ASSETS AND

PROPERTY FINANCINGS
+ Investing financing composing elements and
principal types of debts (term loans, revolving, sale
& lease back, VAT credits).
+ The role of Export Credit Agencies in the security of
operations (case study of an aeronautic financing
(Airbus) ; the distribution methods of the debt by
the banks)
AFTER THE FINANCING PROJECT ITS MANAGEMENT
+ Refinancing and secondary markets

LE FINANCEMENT DE PROJET :
PRSENTATION GNRALE
+ Cerner les concepts, financement de projet,
financement corporate, partenariats public-priv
(PPP)
FOCUS SUR LA STRUCTURATION DU FINANCEMENT
DE PROJET STRUCTURED FINANCES
+ Connatre les diffrents acteurs au travers des
tapes de la structuration du financement et les
principaux partenaires.
+ Le montage juridique et financier du Special
Purpose Vehicule
+ Techniques contractuelles de financement
LES FINANCEMENTS DINFRASTRUCTURE
+ Les ratios de cash flow : assurer le monitoring du
projet et la scurisation du risque.
+ La scurisation du financement : covenants
financiers et non financiers, scurits

Objectif et pertinence de lintervention dune agence

de notation
+ Le rle des assureurs crdit dans la gestion du
risque.
+

APPLICATION AUX FINANCEMENTS

IMMOBILIERS ET D'ACTIFS
+ Composantes dun financement investisseurs et
principaux types de dette (term loans, revolving,
sale & lease back, crdits de TVA).
+ Le rle des Agences de Crdit Export dans la
scurisation des oprations ; les modes de
distribution de la dette par les banques)
APRS LE FINANCEMENT DE
PROJET: SON MANAGEMENT
+ Le refinancement et les marchs secondaires

FI NAN CEM ENT DES ENTREPRISES

23