Undergraduate Course: Financial Statement Analysis (ACCN10023)
Course Outline
School | Business School |
College | College of Arts, Humanities and Social Sciences |
Credit level (Normal year taken) | SCQF Level 10 (Year 3 Undergraduate) |
Availability | Available to all students |
SCQF Credits | 20 |
ECTS Credits | 10 |
Summary | The course will allow students to develop an understanding of the conduct of financial statement analysis, the application of theory in financial statement analysis and current and formative issues in financial statement analysis. |
Course description |
The course adopts the view of an investor who not only wants to 'return to fundamentals' but to earn returns from fundamentals. Consequently, the course has both a theoretical and a practical emphasis. On completion of this course students should be able to conduct useful financial analysis and to design a comprehensive equity research report.
Syllabus
Foundations of Value
Historical Performance Analysis
Forecasting
Cost of Capital
Other Valuation Approaches
Value Creation: Mergers and Acquisitions, Divestitures
Capital Structure
Student Learning Experience
Emphasis is placed on discussing examples and solving exercises in class.
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Information for Visiting Students
Pre-requisites | Visiting students must have at least 4 Accountancy courses at grade B or above. This MUST INCLUDE at least one Finance course at intermediate level. This course cannot be taken alongside BUST08003 Principles of Finance; BUST08030 Introduction to Corporate Finance; 'Accountancy 2A'; 'Accountancy 2B'; 'Accountancy 1A' or 'Accountancy 1B'. We will only consider University/College level courses.
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High Demand Course? |
Yes |
Course Delivery Information
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Academic year 2021/22, Available to all students (SV1)
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Quota: None |
Course Start |
Semester 1 |
Timetable |
Timetable |
Learning and Teaching activities (Further Info) |
Total Hours:
200
(
Lecture Hours 20,
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
176 )
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Assessment (Further Info) |
Written Exam
70 %,
Coursework
0 %,
Practical Exam
30 %
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Additional Information (Assessment) |
Group presentations will count for 30% of the mark.
The examination will now be open book and will count for 70%. It will take the form of a multi-part case study specifically designed to link to the learning outcomes. |
Feedback |
Face to face teaching events will include the opportunity for students to ask questions and students will be encouraged to contact the course lecturer for clarification on any course relevant topics. At mid-semester, students will be asked to provide mid-course feedback. Towards the end of the course, at one of the face to face events, students will be asked for their comments on the course. The usual course feedback questionnaires will also be used.
Your examination marks will be posted on Learn (together with generic feedback and examination statistics) as soon as possible after the Boards of Examiners' meeting (normally in early February). |
Exam Information |
Exam Diet |
Paper Name |
Hours & Minutes |
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Main Exam Diet S1 (December) | | 2:00 | |
Learning Outcomes
On completion of this course, the student will be able to:
- Apply a critical approach to the consumption of financial accounting and to the construction of financial statement analyses.
- Understand and discuss the application of rhetorical techniques by corporate management in their presentation of financial accounting.
- Use of a variety of model types in equity analysis and discuss the further development of models.
- Understand and discuss the articulation of the forms of information required and the development of appropriate novel metrics.
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Reading List
VALUATION: MEASURING AND MANAGING THE VALUE OF COMPANIES, 5th edition, by Tim Koller, Marc Goedhart, and David Wessels, published by J. Wiley, copyright 2010.
Students will also be required to undertake additional readings during the course.
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Additional Information
Graduate Attributes and Skills |
Cognitive Skills: students will develop critical and reflective understanding of the analysis of accounting narrative and will also develop skills in model design. Students will also be required to assimilate the, sometimes paradoxical, theories of different theoretical schools.
Key skills: critical analysis, model development, rhetorical analysis, an understanding of the impact of strategic decision making on financial accounting outcomes, the role of novel information in the investment/disinvestment decision. |
Keywords | FSA |
Contacts
Course organiser | Dr Tom Brown
Tel: (0131 6)50 8333
Email: T.Brown@ed.ac.uk |
Course secretary | Miss Jen Wood
Tel: (0131 6)50 8335
Email: J.Wood@ed.ac.uk |
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