Presencial, Online, Streaming

Master in Management, Finance, and Business Law with PKF Attest

Program director:

Álvaro Beñarán, Partner at PKF Attest

Campus:

Madrid

Date:

September

LANGUAGE:

Español

Máster en Gestión, Finanzas y Derecho Empresarial con PKF Attest

Specialization in audit and compliance is not an option, it is the key to leading in an ever-evolving business world.

The Specialization Master’s Program with PKF Attest at ISDE is designed to educate the professionals who will lead audit, compliance, and risk management in an increasingly complex and highly regulated corporate environment. Developed in collaboration with one of the leading firms in audit and advisory services, this program prepares you to master the essential tools and methodologies in financial auditing, corporate compliance, anti–money laundering, and the management of legal and reputational risks.

With a strongly practice-oriented approach and a faculty composed of active auditors, consultants, and lawyers from PKF Attest and other leading firms, you will acquire the skills needed to conduct internal and external audits, implement effective compliance systems, and advise companies on adapting to key regulations such as Anti–Money Laundering legislation, the General Data Protection Regulation (GDPR), and International Standards on Auditing (ISA). In addition, the program addresses highly topical issues such as sustainability auditing (ESG), the digitalization of compliance processes, and crisis management in global corporate environments.

Are you ready to become the professional companies need to ensure integrity, transparency, and long-term success in an increasingly demanding and competitive market?

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Introduction and objectives

This master’s program offers comprehensive training in business management from a global perspective, covering organizational, financial, tax, legal, and talent management areas.

Through a program structured into five modules, this master’s allows students and professionals to acquire key knowledge to successfully lead and manage any type of organization by providing knowledge and skills in its key areas.

Thanks to its modular and flexible format, the program adapts to different profiles, from students seeking to complement their education to active professionals who wish to specialize in specific areas without needing to complete the entire master’s program.

This master’s strengthens ISDE’s educational offerings through its collaboration with a major firm like PKF Attest, consolidating the ISDE method, based on practical training with practicing professionals and ensuring the incorporation of talent into the best firms.

Objectives:

  • To offer a global and strategic view of business management, covering organizational, financial, tax, legal, and talent management aspects.
  • To provide students with practical tools and specialized knowledge that allow them to successfully face current and future professional challenges.
  • To promote specialization and flexible learning, allowing enrollment in specific modules based on the student’s interests and needs.
  • To complement the education of individuals from different areas of specialization (from engineers to lawyers) who want to prepare for managerial or leadership roles in the business world.
  • To offer active professionals advanced and adaptable training that enables them to update and expand their knowledge without interfering with their career development.

Sponsor

Structure, location and calendar

The Master’s in Management, Finance, and Business Law with PKF Attest consists of five modules, designed to provide comprehensive training in business management from a legal, financial, tax, and organizational perspective. Its modular and flexible structure allows students to complete the full master’s program or specialize in specific areas according to their interests and professional needs.

 

LOCATION: ISDE Madrid

SCHEDULE: Starting in September, each module (expert course) will last 6 weeks.

Each one will include 80 hours of teaching.

 

During the first phase of the program, the Digital Business course will also be held.

 

From the moment of enrollment, access will be granted to the materials for the Introduction to Accounting and Business Finance course.

Career Opportunities

Depending on prior studies and students’ preferences, this master’s program will provide them with the necessary knowledge and skills to start and lead their own businesses or occupy positions in various departments of existing companies. Some examples include:

  1. Finance Department / Financial ManagementPositions:
    • Financial Analyst
    • Financial Planning Manager
    • Financial Controller
    • M&A Analyst (Mergers and Acquisitions)
    • Financing and Debt Specialist
  2. Strategy and Corporate Development DepartmentPositions:
    • Internal Strategy Consultant
    • Corporate Development Analyst
    • Strategic Projects Manager
  3. Management Control / Internal Audit DepartmentPositions:
    • Management Controller
    • Internal Auditor
    • Reporting Technician
  4. Information Systems / Digital TransformationPositions:
    • Business Process Analyst
    • ERP/CRM Implementation Consultant
    • BI (Business Intelligence) Specialist
  5. Sustainability / ESG DepartmentPositions:
    • ESG Technician
    • Sustainability Manager
    • Non-Financial Risk Analyst
  6. Human Resources / People AnalyticsPositions:
    • Organizational Development Technician
    • HR Business Partner
    • People Analytics Specialist
    • Compensation and Benefits Manager
  7. Consulting / Business AdvisoryPositions:
    • Restructuring Consultant
    • Financial-Tax Consultant
    • Strategy or Compliance Consultant
  8. Startups, Innovation, and Funded ProjectsPositions:
    • Innovation Project Manager
    • Public Financing Technician
    • Institutional Relations Manager

ACADEMIC PROGRAM

Module 1. EXPERT COURSE IN CORPORATE FINANCE

Section 1: Accounting

Objectives:
To know and understand the accounting process and the annual accounts of companies, based on current regulations, as well as to gain a practical perspective for the analysis of those annual accounts.

Syllabus:

  • Conceptual Framework and Accounting Principles (We will refer to IFRS).
  • Main Valuation Standards.
  • Accounting method, accounting accounts and accounting entries.
  • Journal and general ledger.
  • Annual Accounts. Financial statements included. Standard, abridged and SMEs. (Limits).
  • Practical cases of the main areas that make up companies’ financial statements:
    • Fixed assets – grants.
    • Financial investments.
    • Inventories – Purchases – Change in Inventories.
    • Customers – sales.
    • Cash and cash equivalents.
    • Debt – Interest.
    • Equity.
    • Suppliers and creditors.
    • External services.
    • Personnel expenses.
  • Base Case: Economic events of a company – accounting entries.
  • Cash Flow. From daily treasury management to long-term financial strategy.
  • The corporate group from an accounting perspective: Consolidation.
  • Economic-Financial Analysis:
    • Analysis of the Balance Sheet, the Profit and Loss Account and the Notes to the Financial Statements.
    • Main financial indicators.
    • Statement of cash flows.

Section 2: Audit

Objectives:
To provide a global overview of the audit profession and its relevance in companies’ financial transparency.

Syllabus:

  • External Audit of Annual Accounts.
  • Introduction (importance, users, etc.). Materiality. Audit risk, etc. Independence. ROAC. Professional corporations.
  • Mandatory/Voluntary (limits).
  • Auditing standards. Audit Law, regulations, etc. Audit process (planning, execution and conclusion).
  • The audit opinion. Analysis of its different sections.
  • Types of audit opinions and conclusions (what qualified opinions imply, going concern principle, etc.).
  • Accounting fraud.

Section 3: Management Control

Objectives:
Introduction to the management systems implemented by companies, as well as to the areas of planning, control and reporting.

Syllabus:

  • Tools.
  • Planning procedures.
  • Control procedures.
  • Reporting procedures.

Module 2. EXPERT COURSE IN TAXATION

Section 1: Introduction and tax procedure

Objectives:
To know the main characteristics and structure of the tax system and tax procedure.

Syllabus:

  • Introduction:
    • Global tax framework.
    • Regional tax aspects.
    • Financing system.
  • Tax procedure:
    • Management.
    • Inspection.
    • Collection.
    • Penalties and appeals.

Section 2: Direct taxes

Objectives:
To review in detail the different direct taxes within our tax system.

Syllabus:

  • Corporate Income Tax (IS):
    • General part.
    • Special part on consolidation.
    • Special part on restructuring.
    • Special part on others (SOCIMIs, EIGs, etc.).
    • Accounting.
  • Personal Income Tax (IRPF).
  • Non-Resident Income Tax (IRNR) and Double Taxation Treaties (DTTs).
  • Inheritance and Gift Tax (ISD).
  • Wealth Tax and Tax on Large Fortunes.

Section 3: Indirect taxes

Objectives:
To review in detail the different indirect taxes within our tax system.

Syllabus:

  • Value Added Tax (VAT).
  • Transfer Tax/Stamp Duty and real estate taxation.
  • Excise Duties:
    • Alcohol and alcoholic beverages.
    • Hydrocarbons.
    • Tobacco.
    • Registration tax on means of transport.

Section 4: Others

Objectives:
To go deeper into specific aspects of taxation.

Syllabus:

  • Family business.
  • Transfer Pricing.
  • Tax deductions.
  • Local taxes.
  • Practical case.

Module 3. EXPERT COURSE IN PEOPLE MANAGEMENT AND BUSINESS LEADERSHIP (CDG)

Section 1: Strategic People and Talent Management

TOPIC 1. Strategy and new challenges in People management

Objectives:
To know and understand the socioeconomic and labour market environment in order to identify the key factors and challenges that will allow us to define the People strategy.

Syllabus:

  • Introduction – Socioeconomic and labour market context.
  • The role of People management.
  • The importance of strategy in People Management.
  • Formulation of the People Strategy.
  • Control and monitoring of the People Strategy.
  • Strategic Human Resources planning.
  • New challenges in People management.

TOPIC 2. Main policies and processes in People management

Objectives:
To know and understand the main practices and processes associated with People management.

Syllabus:

  • Introduction: Comprehensive Human Resources management model.
  • Main practices and processes associated with People management:
    • Recruitment and selection.
    • Onboarding process.
    • Compensation models.
    • Performance evaluation model.
    • Development evaluation model: competency-based management.
    • Training and development.
    • Career path design.
    • Diversity, inclusion and equality.

TOPIC 3. Strategic transformational leadership

Objectives:
To know and understand the concept of strategic transformational leadership and its impact on the building of work teams.

Syllabus:

  • Introduction: Different dimensions of Leadership.
  • Strategic transformational leadership model.
  • Key competencies for the transformational leader.
  • Methodology:
    • Theory with presentation of practical company case studies.
    • Application of transformational leadership tools.

TOPIC 4. Talent Management

Objectives:
To know the tools for managing people’s talent, including commitment, compensation and recognition, among others.

Syllabus:

  • Introduction: Concept of talent.
  • Identification of talent in organizations: Talent map.
  • Tools and practices for Talent management.
  • Main challenges in attracting and retaining Talent.

TOPIC 5. Digitalization of Human Resources

Objectives:
To provide a 3.0 vision of the different information systems required for effective and efficient human resources management.

Syllabus:

  • Introduction: digital transformation and its impact on People management.
  • Use of technology for the development and implementation of different People management practices: performance evaluation, talent map, professional development plans…
  • People Analytics for People management.
  • Employer branding strategies in combination with 3.0 recruitment practices through digital media and platforms.
  • Impact of artificial intelligence on People management.
  • DigComp model: European reference framework.

Section 2: Labour Law

TOPIC 1: LABOUR LAW

Objectives:
To know and understand the content of labour legislation, and the rights and obligations it creates for employers and workers, with detailed coverage of labour procedures.

Syllabus:

  • How rules operate in Labour Law (Constitution, laws and regulations, collective bargaining agreements, employment contract, …).
  • The employment relationship: Characteristic features (voluntariness, remuneration, working for another, dependency and personal nature) that distinguish it from other non-employment relationships.
    • Brief note on non-employment relationships (directors, family work, commercial agents, self-employed transport workers with their own vehicle, etc.).
    • Brief note on certain special employment relationships (Senior Management, Domestic Workers, …).
  • Employment contracts: Formalities and forms of employment contracts. Possible hiring incentives. Possible special contractual clauses.
  • Working time: working day and schedule, rest periods, leave and permits, time tracking, overtime.
  • Remuneration: Salary and non-salary remuneration. Salary structure (base salary, salary supplements, extraordinary payments). Salary amount (minimum wage; collective bargaining agreements). Absorption and offsetting. Payslips. Salary protection (garnishments, FOGASA, …).
  • Other rights of the worker during the employment relationship: Effective occupation, non-discrimination, risk prevention, respect for dignity and privacy, exercise of legal actions, more beneficial condition.
    • Analysis of groups with special protection (against dismissals, …, in occupational risk prevention, …).
  • Other rights of the employer during the employment relationship: requirement of good faith and diligence, occupational health and safety, management and organizational authority, disciplinary authority, requirement of non-competition.
  • Termination of the employment relationship: Forms of termination of the employment relationship, with details of each one, their formalities and effects.
  • Modification of the employment contract: substantial and non-substantial changes. Geographical and functional mobility. Procedure and effects.
  • Suspension of the Employment Contract: Types, formalities and effects.

TOPIC 2: COLLECTIVE AND COMPANY BARGAINING

Objectives:
To know and understand the scope, content and nature of a collective bargaining agreement, as well as its negotiation procedure.

Syllabus:

  • Workers’ representation in the company: Trade Union Elections. Representative bodies, types, powers and guarantees.
  • Scope of the Collective Bargaining Agreement: Territorial, functional and personal. Concurrence of Agreements. Accession and Extension.
  • Term of the Collective Bargaining Agreement: Duration, notice of termination and extension.
  • Legitimacy to negotiate. Legitimate parties.
  • Negotiation procedure: Promotion of negotiation. Negotiating committee: composition and functioning.
  • Content of the Collective Bargaining Agreement. Minimum content.
  • Registration, deposit and publication of the Collective Bargaining Agreement.
  • Joint Committee of the Agreement. Other procedures for resolving disputes on the application and interpretation of the agreement.

Section 3: Labour Management

TOPIC 1: PAYROLL

Objectives:
To know and understand the structure and content of a payroll slip, and how it is calculated, with detailed coverage of remuneration concepts and their types, calculation of the Social Security contribution base, Social Security deductions, personal income tax withholdings and other deductions. Also, the calculation and management of Social Security contributions under the General Social Security Regime and Social Security collection matters.

Syllabus:

  • Salary and non-salary concepts:
    • Salary structure in payroll.
    • Extraordinary payments.
    • Calculation of settlement of proportional parts of extraordinary payments.
    • Calculation of severance payments for different types of dismissal.
    • Irregular income.
    • Benefits in kind.
    • Flexible remuneration.
  • Contribution bases:
    • Maximum and minimum bases.
    • Contribution rates.
    • Salary costs.
    • Calculation of personal income tax withholding rate.
    • Other payroll deductions.
  • Temporary disability:
    • Duration.
    • Delegated payment and direct payment regime for the benefit.
    • Payroll with Temporary Disability due to common and professional contingencies.
    • Payroll calculation in maternity situations.
  • Calculation of settlement of social security contributions:
    • Contribution of salary arrears.
    • Contribution of bonuses.
    • Social Security collection.

TOPIC 2: SOCIAL SECURITY

Objectives:
To know and understand the protective action of Social Security, with detailed coverage of the most relevant benefits.

Syllabus:

  • Protective action of Social Security. List of the benefits it includes.
  • Retirement:
    • Requirements and amount.
    • Ordinary retirement.
    • Early retirement.
    • Active retirement.
    • Partial/flexible retirement.
  • Permanent Disability:
    • Degrees, requirements and amount.
    • Effects on the employment relationship.
  • Death and survivor benefits:
    • Widow’s/widower’s pension.
    • Orphan’s pension.
    • Benefits for relatives.
    • Requirements and amounts.
  • Unemployment benefit:
    • Requirements.
    • Legal unemployment situation.
    • Duration and amount of the benefit.
    • Determination of the regulatory base.
    • Minimum and maximum benefit amount.
    • Social Security contributions during unemployment.
    • Suspension and termination of the benefit.
    • Right of option.
    • Unemployment subsidy and its different modalities.

Module 4. EXPERT COURSE IN FINANCING, RESTRUCTURING AND INSOLVENCY

Section 1: Sources of financing and capital structure

TOPIC 1. Capital structure

Objectives:
To provide a solid foundation covering the most important aspects of capital structure.

Syllabus:

  • Introduction to capital structure: Basic concepts and the importance of capital structure in the business context.
  • Understanding debt and equity: Different types of debt and equity, and how they affect capital structure.
  • Assessment of financial risk: Methods for assessing financial risk associated with different capital structures.
  • Optimal capital structure: How to determine the optimal capital structure to maximize company value.
  • Capital structure theories: Main theories.
  • Case studies: Practical examples of companies with different capital structures, analysis of real cases and discussion of results.

TOPIC 2. Sources of financing

Objectives:
To know the basic concepts of financing, as well as the importance of financing in business. In addition, the different sources of financing will be analysed.

Syllabus:

  • Introduction to Financing.
  • Risk Assessment and Management.
  • Types of Financing.
  • Bank Financing.
  • Non-bank Financing.

Section 2: Capital markets

TOPIC 1. Debt Capital Markets

Objectives:
To know what fixed income is and how it works; Basic concepts of fixed income; Comparison with other types of investment.

Syllabus:

  • General Characteristics of Fixed Income:
    • What fixed income is and how it works.
    • Basic concepts of fixed income.
    • Comparison with other types of investment.
  • Classification of Fixed Income Assets:
    • Type of issuer.
    • Duration of the asset.
    • Type of return.
  • Public and Private Fixed Income:
    • Functioning of primary and secondary markets.
    • Government bonds vs. corporate bonds.
    • Key differences and practical examples.
  • Main Risks and Returns of Fixed Income Assets:
    • Credit risk.
    • Interest rate risk.
    • Liquidity risk.
    • Risk mitigation strategies.
    • Return calculation.
  • Valuation of Fixed Income Assets:
    • Bond valuation.
    • Calculation of yield and duration.
    • Clean price vs. dirty price.
    • Accrued coupon.
  • Green, Social and Sustainable Bonds:
    • What green, social and sustainable bonds are.
    • Main characteristics and benefits.
    • Examples of recent issuances.

TOPIC 2. Equity Capital Markets

Objectives:
To know what equities are and how they work; Basic concepts of equities; Comparison with other types of investment.

Syllabus:

  • Introduction to Equity Markets:
    • What equities are and how they work.
    • Basic concepts of equities.
    • Equities vs. other financial assets.
    • Regulation and Taxation.
    • Importance of Equity Markets.
  • The IPO process:
    • Reasons for going public.
    • Requirements.
    • Timelines.
    • Costs.
    • Main players.
    • The process in detail.
    • IPO and secondary public offering.
  • Share Trading:
    • Main Secondary Markets.
    • Types of trading.
    • Settlement.
    • Securities lending.
  • Equity Derivatives:
    • What derivatives are.
    • Futures.
    • Swaps.
    • Options.
    • Structured Products.
  • Equity Analysis:
    • Fundamental Analysis.
    • Technical Analysis.
  • Trends and Challenges:
    • Digital trading platforms.
    • Asset tokenization.

Section 3: Public financing

TOPIC 1. Public Aid and Legal Framework

Objectives:
To know what a public incentive is, as well as its types, the stakeholders involved and the regulations that affect them.

Syllabus:

  • General Aspects:
    • What is a public incentive?
    • Public Administration.
    • Search for opportunities.
    • Grants and soft loans and participative loans.
    • Tax savings and deductions in Corporate Income Tax.
    • Social Security rebates for research staff.
    • General Subsidies Law.
  • Applicable Regulations and Laws:
    • Block Exemption Regulation.
    • Late Payment Law.
    • De minimis aid.
    • Aid intensity.
    • Reimbursable tranche/NRS.
    • Net grant equivalent.
    • Guarantees and collateral.
    • INNOVATIVE SME seal.
  • Calls for Aid:
    • Terms and conditions and calls.
    • Simple concurrence and competitive concurrence.
    • Compatibility of aid.
    • Incentive effect of aid.
    • DNSH principle.
    • Geographical scope: regional, national and European aid.
    • Submission or application process.
  • Justification and certification process.
  • Certification bodies accredited by ENAC.
  • ROAC audit, supporting account, audit certificate.

TOPIC 2. Aid Bodies and Programmes

Objectives:
To know which bodies manage aid and the different programmes through which they structure it.

Syllabus:

  • Bodies and Programmes at national level:
    • Recovery Plan/Next Generation.
    • ERDF FUNDS and other funds.
    • Ministries.
    • CDTI.
    • IDEA.
    • AEI.
    • ENISA.
  • Bodies and Programmes at regional level.
  • Bodies and Programmes at European level.

TOPIC 3. Beneficiaries of aid

Objectives:
To know the different types of beneficiaries, their characteristics and obligations.

Syllabus:

  • Key concepts and tools:
    • Possible types of beneficiaries (companies, research organizations, etc.).
    • Date of incorporation.
    • Start date of activity.
    • Equity.
    • Share capital.
    • Company size.
    • Company in crisis.
    • Links between companies.
    • Sabi.
    • CIRBE.
  • Administrative/financial documentation:
    • Deeds of incorporation.
    • Annual Accounts (audited or unaudited), abridged accounts.
    • Form 200: corporate income tax return (IS).
    • Certificates proving compliance with payment obligations and subsidy reimbursement obligations (Tax Agency (+Regional), Social Security).
    • Personnel documentation: RNT, IDC, 190.
    • Expense documentation: contract (3 offers, when necessary), invoice, proof of bank payment.
    • Beneficial ownership certificate.
    • IAE/Census certificate.
    • Powers of attorney.
    • Natural/legal person certificate.
    • Separate accounting.

TOPIC 4. Projects

Objectives:
To know the main aspects that make up a project, as well as its types and structure.

Syllabus:

  • Main aspects of a project:
    • Cooperative projects (in consortium) and individual projects.
    • Technical report.
    • Title/Acronym.
    • Objectives.
    • State of the art: limitations and innovations.
    • Timeline/activities/tasks.
    • Budget (requested and eligible).
    • Aid (requested and granted).
    • DNSH certification.
  • Writing and reviewing proposals:
    • Formats, images and tables.
    • Competitive proposals and non-competitive proposals.
    • Excellent reference projects.
    • High-level design of a proposal.
    • Consortium design.
    • Abstract.
    • Problem.
    • Solution.
    • State of the art.
    • Product 1.0.
    • Product 2.0.
    • Objectives (general, specific).
    • Work packages/Activities.
    • Timelines.
    • Budget.
    • Market.
    • Impact.
    • Competitors.
    • Conceptual diagrams of a project.
    • Entrepreneurial team CVs.
    • Proposal review.
    • Use of artificial intelligence in proposal preparation.

Section 4: Restructuring and insolvency

TOPIC 1. Business plans and viability

Objectives:
To carry out an analysis and diagnosis of the viability of a business.

Syllabus:

  • Viability Diagnosis Methods.
  • Assessment of financial and operational viability.
  • Quantitative methods: cash flow analysis, financial ratios.
  • Qualitative methods: business model analysis, management team assessment.
  • Business Viability Plan.
  • Structure and components of a viability plan.
  • Short-, medium- and long-term financial projections.
  • Tools for preparing viability plans.
  • Unit 2.3: Viable business models.
  • Assessment and adaptation of business models.
  • Digital transformation and business viability.
  • Innovation and restructuring as viability factors.

TOPIC 2. Restructuring/Refinancing and Viability

Objectives:
To analyse the legal and procedural measures applicable in restructuring processes. To study new alternatives for restructuring companies in crisis. To examine the impact of the reform on debt negotiation and restructuring. To develop practical skills in the application of legal restructuring procedures.

Syllabus:

  • Start of the process:
    • Diagnosis and Early Warnings.
    • Communication of the opening of negotiations.
  • Restructuring Expert and Pre-pack:
    • The Restructuring Expert.
    • The Practitioner.
    • The Pre-Pack Expert and its Procedure.
  • Restructuring Plans: Content and Voting:
    • Restructuring Plans.
    • Content of the Restructuring Plan.
    • Voting on Plans.
    • Court Approval of Plans.
    • Challenge to Court Approval.
    • Breach of Restructuring Plans.

TOPIC 3. Insolvency proceedings

Objectives:
To know in detail the functioning, phases, participants and other matters relating to insolvency proceedings.

Syllabus:

  • Introduction to Insolvency Proceedings:
    • Definition and nature of insolvency proceedings.
    • The purpose of insolvency proceedings: liquidation or viability of the company.
    • The role of the Insolvency Administrator.
  • Phases of Insolvency Proceedings:
    • Common phase: declaration of insolvency and legal effects of the declaration.
    • Composition phase: preparation and approval of the restructuring agreement: Refinancing agreement within the framework of insolvency proceedings. Viability plan in insolvency proceedings.
    • Liquidation phase: the process of liquidating the company’s assets and rights.
  • Effects of the resolution or termination of insolvency proceedings:
    • Closure of insolvency proceedings: possible outcomes (confirmation of composition agreement or liquidation).
  • Procedural Aspects and Related Case Law.
  • Analysis of recent case law on insolvency proceedings.
  • The impact of recent reforms on insolvency procedure.

Module 5. EXPERT COURSE IN CORPORATE ORGANIZATION AND OPERATIONS

Section 1: Valuations

TOPIC 1. Valuation methods

Objectives:
To provide a solid foundation covering the most important aspects of company valuations.

Syllabus:

  • Introduction to company valuations: Basic concepts and the importance of valuations in the business context.
  • Valuation methods: Different approaches and techniques, such as the discounted cash flow method, valuation by multiples method, and asset-based valuation method.
  • Financial analysis: Assessment of financial statements, financial ratios and their application in company valuation.
  • Valuation of intangible assets: How to value assets such as intellectual property, brands and patents.
  • Valuation in mergers and acquisitions (M&A): Procedures and specific considerations in company valuation during M&A processes.
  • Case studies: Practical examples of company valuations, analysis of real cases and discussion of results.

Section 2: Transactions

TOPIC 1. M&A

Objectives:
The objective of the M&A programme is to transfer the basic knowledge required to carry out a purchase and sale process.

Syllabus:

  • Introduction:
    • The M&A market: recent data.
    • What types of corporate transactions are possible?
    • Brief description of the different types of corporate transactions: purchase, sale, joint venture, merger. Advantages, disadvantages and alternatives.
  • Main aspects to consider:
    • Why consider a corporate transaction and when should it be carried out?
    • Value creation and synergies.
    • Advantages and disadvantages of doing it too early or too late.
  • The phases of a process:
    • Internal/external analysis.
    • Preparation of the transaction strategy and structure.
    • Go-to-market and NBO negotiation.
    • Due diligence and post-due negotiation.
    • SPA and closing.
  • Required documentation:
    • NDA.
    • Blind profile (Teaser).
    • Information Memorandum.
    • Process Letter.
  • Main issues to negotiate:
    • Recurring EBITDA.
    • Reference multiples.
    • Working capital and minimum operating cash.
    • Net financial position.
    • Deferred payment or earn-out.
    • Representations and warranties.
    • Bridge EV to Equity.
  • Advisors:
    • Who is involved.
    • Associated costs.
    • Remuneration formulas.

TOPIC 2. Due Diligence

Objectives:
To provide a solid foundation covering the most important aspects of financial, tax, legal and labour due diligence.

Syllabus:

  • Introduction to due diligence: Basic concepts and the importance of due diligence in the business context.
  • Financial due diligence: Assessment of financial statements, cash flow analysis, financial ratios and their application in company valuation.
  • Tax due diligence: Analysis of the company’s tax position, identification of tax risks and tax planning.
  • Legal due diligence: Assessment of contracts, regulatory compliance, analysis of legal risks and legal procedures.
  • Labour due diligence: Assessment of the company’s labour situation, compliance with labour regulations, analysis of labour risks and human resources management.
  • Case studies: Practical examples of due diligence in companies, analysis of real cases and discussion of results.

TOPIC 3. Corporate and commercial legal aspects

Objectives:
To know in detail all the corporate and commercial legal aspects that must be taken into account in transaction processes.

Syllabus:

  • Introduction to corporate and commercial legal elements in corporate transactions.
  • Non-disclosure agreements (NDA): Purpose, structure and legal considerations.
  • Share purchase agreements (SPA): Key elements, negotiation and execution.
  • Shareholders’ agreement: Types of agreements, common clauses and their importance in managing relationships among shareholders.
  • Legal and commercial aspects: Assessment of contracts, regulatory compliance and analysis of legal risks.
  • Case studies: Practical examples of NDAs, SPAs and shareholders’ agreements, analysis of real cases and discussion of results.

Section 3: Organization

TOPIC 1. Corporate compliance

Objectives:
To provide a solid foundation covering the most important aspects of corporate compliance.

Syllabus:

  • Introduction to Corporate Compliance: Basic concepts and the importance of regulatory compliance in the business context.
  • Criminal compliance: Assessment of criminal risks and procedures for the prevention of crimes.
  • Regulatory compliance: Strategies and tools to ensure compliance with internal and external regulations.
  • Prevention of money laundering: Risk self-assessment procedures and controls at corporate level.
  • Corporate Compliance Policy: Anti-fraud, anti-corruption and conflict of interest.
  • Case studies: Practical examples of implementation of Compliance policies in companies, analysis of real cases and discussion of results.

TOPIC 2. Privacy and personal data protection

Objectives:
To provide a solid foundation covering the most important aspects of privacy and protection.

Syllabus:

  • Introduction to privacy and data protection: Basic concepts and the importance of data protection in the business context.
  • General Data Protection Regulation (GDPR): Principles, rights and obligations under the GDPR.
  • Data Protection Impact Assessment: Procedures and tools to carry out impact assessments.
  • Security measures: Strategies to ensure data protection, including encryption and access control.
  • Privacy and cookies policy: Review and update of privacy and cookies policies.
  • Case studies: Practical examples of implementation of data protection policies in companies, analysis of real cases and discussion of results.

TOPIC 3. Sustainability – ESG

Objectives:
To know and understand the impact of sustainability in the current business context, understanding the risks, opportunities and obligations that companies must face.

Syllabus:

  • Introduction – Sustainability context:
    • What sustainability is.
    • Background.
    • ESG factors.
  • Areas of sustainability / ESG:
    • Breakdown of the different components of sustainability.
    • In particular, the areas addressed within each area:
      • Corporate governance.
      • Environment.
      • Social.
  • Sustainable finance:
    • Sustainable investment or financing products.
    • Regulation on sustainability disclosure in the financial sector (SFDR) and European Taxonomy.
  • Sustainability reporting:
    • Impact of the new regulation on Sustainability Reporting (CSRD).
    • Management practices for impacts, risks and opportunities in sustainability matters.

TOPIC 4. COMPANY INFORMATION SYSTEMS (ERP, CRM, BI, etc.)

Objectives:
To provide a global overview of the different information systems required for effective and efficient management of organizations’ main business processes.

Syllabus:

  • Management information systems:
    • Types of information systems.
    • Systems map and classification.
    • The context in which they are suitable.
    • Main market solutions in each area.
  • ERP systems – Enterprise Resource Planning:
    • What an ERP is.
    • ERP components/modules.
    • Business processes covered.
    • The ERP implementation process.
  • CRM systems – Customer Relationship Management:
    • What a CRM is and what it brings to the business.
    • Functional areas covered by a CRM.
    • How to implement a CRM.
  • Business Intelligence:
    • The information pyramid and business intelligence.
    • Metrics and KPIs.
    • Dashboards.
    • Characteristics of a Business Intelligence system.
  • Other information systems:
    • CMS.
    • LMS.
    • GIS.
    • Etc.

TOPIC 5. Management Systems

Objectives:
To provide a solid foundation covering the most important aspects of management systems.

Syllabus:

  • Introduction to management systems: Basic concepts and the importance of management systems in the business context.
  • Quality management: Principles and requirements of ISO 9001, implementation and benefits.
  • Environmental management: Principles and requirements of ISO 14001, strategies for sustainability and reducing environmental impact.
  • Occupational health and safety: Principles and requirements of ISO 45001, risk assessment and preventive measures.
  • Information security: Principles and requirements of ISO 27001, data protection and information security management.
  • Integration of management systems: How to integrate different management systems to improve business efficiency and effectiveness.
  • Audit and management control: Internal and external audit procedures, and tools for management control.
  • Case studies: Practical examples of implementation of management systems in companies, analysis of real cases and discussion of results.

TOPIC 6. ARTIFICIAL INTELLIGENCE

Objectives:
To understand the real impact of AI on financial and legal processes, identifying specific opportunities and risks. Likewise, the aim will be to analyse the transition towards AI-based models in financial or legal departments, exploring tangible use cases (compliance, risk prediction, accounting automation, treasury optimization, etc.).

Syllabus:

  • Technological supremacy and the timing as a window of opportunity:
    • AI as a competitive advantage in finance and law.
    • How regulation is shaping AI adoption.
  • State of the technological art and upcoming milestones in finance and law:
    • AI applications in audit, taxation, accounting, financial or regulatory risk analysis, etc.
    • Automation in relation to due diligence processes, contracts, etc.
  • Change process towards AI-driven companies in finance and law.
  • Use cases in finance and law:
    • Cost reduction.
    • Cash-flow optimization.
    • Automation.
    • Assessment and mitigation of legal, financial risks, etc.

FACULTY

FACULTY – This master’s program features a top-tier faculty, made up of partners and leading figures in the sector, as well as active professionals with extensive experience in business management, corporate law, taxation and finance.

📚 A practical and real-world approach:
Our lecturers not only deliver theoretical knowledge, but also bring their first-hand experience, bringing students closer to the current challenges and trends in the sector.

  • Belén Parra Senior Management Systems Auditor at LRQA
  • Beatriz Herbada Senior Assessor at LRQA
  • Belén Díaz-Guerra Internal Audit – ADIF
  • Belén Parra Senior Management Systems Auditor at LRQA
  • Borja Molina PKF-Attest
  • Carlos Terreu PKF-Attest
  • Carlos Vital Bergé
  • César Cotta PKF-Attest
  • Damián Flores Deputy Director of the Legal and General Services Area – COFIDES
  • Daniel Moreno Pozuelo PKF-Attest
  • David Salazar Iglesias PKF-Attest
  • Diego Galipienzo PKF-Attest
  • Enrique Asla PKF Collaborator
  • Erick Berguer PKF-Attest
  • Esther Domínguez Tendero Talent Acquisition – MOEVE
  • Evelio Jimeno PKF-Attest (INNCOME)
  • Galo Gorrachategui Manso PKF-Attest
  • Gonzalo de Senna Fund Manager – EBN Capital SGIIC
  • Itsaso Santos Olalde PKF-Attest
  • Javier Castresana A&O Sherman
  • Javier Martínez López PKF-Attest
  • Javier Quintero García
  • Jesús Alonso García Tax Inspector – AEAT
  • Joaquín Rosel Marín Personal Wealth Management
  • José Ángel Hermida Bergé
  • José Ignacio Moyano Rodríguez Lawyer
  • José Manuel Cajigas Cajigas & Associates
  • José Manuel García Vos
  • José María Alberu PKF-Attest
  • Juan Basterra PKF-Attest
  • Juan Gomeza Partner at Kreston Iberaudit
  • Juan José Asegurado Head of Corporate Legal Services – BBVA
  • Lorena Elena Global Total Rewards & Performance Senior Manager at Repsol
  • Mª José Carmona Data Protection Officer – Mediaset España
  • Mª Teresa Enciso Alonso-Muñumer Dean of the Faculty of Legal and Political Sciences – Rey Juan Carlos University
  • Marc Conesa Rodrigo Factorial HR
  • Marco Mangano PKF-Attest
  • Mari Luz Velasco Deputy Director of Accounting – ADIF
  • María Francisca Moyano Rodríguez Lawyer
  • María Loinaz Alonso PKF-Attest
  • María Muñoz Viuejo Endesa
  • María Pedrosa Luque Directorate-General for the Regulation of Social Security
  • María Prieto Sauco PKF-Attest (INNCOME)
  • Mariano Mateos PKF-Attest
  • Mateo Sanfilippo Lefebvre
  • Matías González Corona PKF-Attest
  • Miguel Hernández PKF-Attest
  • Nerea Luis Mingueza PhD in Artificial Intelligence – ANDERSEN
  • Orlando Luján AEDAF – Luján Advisors
  • Óscar García Toledo General Manager – First Work Places
  • Paula Novo Cuba Secretary General of ICO
  • Ramón Palacín Sotillos EY Lawyers
  • Roberto Riera i Gómez IVI RMA Global
  • Rubén Conde PKF-Attest
  • Salvador Marín Economist and PhD in Economics and Business Sciences
  • Sergio Díaz Bustarviejo PKF-Attest
  • Tomás Azaola PKF-Attest
  • Tomás Azaola PKF-Attest
  • Víctor Fernández LEXAUDIT & CONCURSAL
  • Víctor Rapún KPMG

*Faculty subject to change

ACCREDITED DEGREE

Once the corresponding Program has concluded and ISDE has verified that the STUDENT has completed their work correctly, the STUDENT will receive the corresponding Certification for each PROGRAM.

In compliance with current legislation, specifically what is stated in article 4.4 of decree 84/2004, it is stated that ISDE’s programs have a professional orientation and therefore, unless explicitly stated otherwise, these are not programs that lead to obtaining an official degree, but rather a proprietary degree from ISDE.

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