1 How to read this page
- Each day has 360 minutes of teaching, 1,080 minutes for the whole course. Breaks are listed under each table and are not counted.
- Each quest opens with a live theory segment of 20 to 30 minutes, included in the block duration. The reference pages are pre-reading (the evening before, 45 minutes at most).
- In every block the order is: theory, then worked example, then exercise (solution folded).
- The 1 h and 3 h 30 exams are outside the 18 h (separate session). Only the “boss” cases and XP assess students during the three days: see Assessment.
- The “Cut first” column says what to drop first if a block overruns, so the day still ends at 6 h.
2 Day 1 — Exploring the financial statements
Goal: read and check financial statements, understand consolidation, then apply the six steps of the Banque de France method to an SME.
| Block | Start (min) | Duration (min) | Goal | Sources | Cut first |
|---|---|---|---|---|---|
| D1-B1 | 0 | 15 | Kick-off: game rules, teams, overview of the 6 steps | Home, BdF method | Badge details |
| D1-B2 | 15 | 110 | Q1 — Read and check balance sheet, income statement and cash flow (theory 25) | Q1, Financial statements | Level 3 (extension) |
| D1-B3 | 125 | 100 | Q2 — Consolidate a group: scope, eliminations, minority interests (theory 25) | Q2, BdF method | Intragroup dividends (extension) |
| D1-B4 | 225 | 135 | Q3 — Full 6-step diagnosis + Day 1 boss (theory 25) | Q3, Performance, Structure, Liquidity | DSCR exercise (extension) |
Breaks (not counted): 15 min mid-morning, 60 min lunch, 15 min in the afternoon.
Evening preparation (≤ 45 min): choose a real annual report (CAC 40) for Day 2 and read the Performance page.
3 Day 2 — Performance and strategy
Goal: measure performance, place the company in its business model, then decide on a rating and compare listed and unlisted companies.
| Block | Start (min) | Duration (min) | Goal | Sources | Cut first |
|---|---|---|---|---|---|
| D2-B1 | 0 | 120 | Q4 — ROCE, ROE, DuPont, financial leverage (theory 25) | Q4, Performance, Formulas | BFR and DuPont (homework) |
| D2-B2 | 120 | 105 | Q5 — Business Model Canvas, SWOT, CSR/ESG (theory 20) | Q5, BdF method | Summary note and slides (homework) |
| D2-B3 | 225 | 135 | Q6 — Rating, listed vs unlisted, valuation + Day 2 boss (theory 25) | Q6, BdF rating | Reporting table (homework) |
Breaks (not counted): 15 min mid-morning, 60 min lunch, 15 min in the afternoon.
Evening preparation (≤ 45 min): read the non-financial performance statement (DPEF) or the CSR section of the chosen annual report and note one ESG initiative.
4 Day 3 — Monitoring, financial strategy and ESG
Goal: integrate regulatory monitoring, build a 3-year financial plan and conclude with a report combining finance and ESG.
| Block | Start (min) | Duration (min) | Goal | Sources | Cut first |
|---|---|---|---|---|---|
| D3-B1 | 0 | 100 | Q7 — Regulatory watch: CSRD, IFRS 16, IFRS 9, AMF, DORA, interest rates (theory 20) | Q7 | Final synthesis and Q&A |
| D3-B2 | 100 | 110 | Q8 — 3-year financial plan, BFR, free cash flow (theory 25) | Q8, Liquidity | Demo, then strategy note |
| D3-B3 | 210 | 140 | Q9 — ESG, DPEF, CSRD and final boss (theory 30) | Q9, Formulas | Social and sustainable-finance rows of the grid |
| D3-B4 | 350 | 10 | Closing: levels, badges, debrief | Assessment | Badges |
Breaks (not counted): 15 min mid-morning, 60 min lunch, 15 min in the afternoon.
5 Totals
| Day | Teaching minutes |
|---|---|
| Day 1 | 360 |
| Day 2 | 360 |
| Day 3 | 360 |
| Total | 1,080 (18 h) |