THE UNIVERSITY of EDINBURGH

DEGREE REGULATIONS & PROGRAMMES OF STUDY 2021/2022

Information in the Degree Programme Tables may still be subject to change in response to Covid-19

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DRPS : Course Catalogue : Business School : Common Courses (Management School)

Postgraduate Course: Analysis of Corporate Financial Information (CMSE11084)

Course Outline
SchoolBusiness School CollegeCollege of Arts, Humanities and Social Sciences
Credit level (Normal year taken)SCQF Level 11 (Postgraduate) AvailabilityAvailable to all students
SCQF Credits15 ECTS Credits7.5
SummaryThe course is intended to enable participants to critically analyse the annual reports and financial statements of corporations from around the world and to develop their use of analytic techniques to critically understand business in its environment and to consider the relationships between accounting statements, corporate strategy and business valuation.
Course description Participants will learn to read corporate reports and financial statements. They will calculate and utilise accounting ratios and metrics critically and will interpret them rigorously. Participants will also gain understanding of the limitations of financial statements and of methods for evaluating the quality of these statements.

Key issues within the teaching of financial analysis, indeed of any form of analysis, are criticality and rigour. These issues are emphasised and demonstrated throughout the course.

Teaching also includes a series of accounting workshop sessions for students with a limited background in accounting.


Syllabus
- Introduction to relevant theories and concepts
- Critical Ratio Analysis
- Non-Accruals based accounting metrics
- Discretionary free cash flow analysis
- Interactive financial statement modelling
- Takeovers and acquisitions
- Critical equity valuation
- Creative accounting issues
- Constructing, rigorous and meaningful analysis


Student Learning Experience
Learning will primarily be through lecture attendance, reading, reflective-thinking practical workshop activities. Accounting and analysis concepts take time and effort to assimilate. A high level of active participation is also expected from students and are expected to actively participate and so students should expect to have to work hard. Supplementary exercises and solutions will be also provided for students to work through as self-study.

Tutorial/seminar hours represent the minimum total live hours - online or in-person - a student can expect to receive on this course. These hours may be delivered in tutorial/seminar, lecture, workshop or other interactive whole class or small group format. These live hours may be supplemented by pre-recorded lecture material for students to engage with asynchronously.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements For Business School PG students only, or by special permission of the School. Please contact the course secretary.
Information for Visiting Students
Pre-requisitesBusiness School postgraduate students only.
High Demand Course? Yes
Course Delivery Information
Academic year 2021/22, Available to all students (SV1) Quota:  None
Course Start Semester 1
Timetable Timetable
Learning and Teaching activities (Further Info) Total Hours: 150 ( Seminar/Tutorial Hours 15, Summative Assessment Hours 2, Programme Level Learning and Teaching Hours 3, Directed Learning and Independent Learning Hours 130 )
Additional Information (Learning and Teaching) Seminar/Tutorial hrs are the min total live hrs, online or in-person, students can expect to receive
Assessment (Further Info) Written Exam 60 %, Coursework 0 %, Practical Exam 40 %
Additional Information (Assessment) 40% presentation (group) - assesses course Learning Outcomes 1, 2, 3
60% exam (individual) - assesses all course Learning Outcomes
Feedback Formative:
Verbal, group-level feedback to groups immediately following group presentations.
Informal feedback is available to any individual or group who requests it

Summative:
Written, individual, feedback on individual examination performance
Written, generic, feedback on class examination performance
Exam Information
Exam Diet Paper Name Hours & Minutes
Main Exam Diet S1 (December)Analysis of Corporate Financial Information (CMSE11084)2:00
Learning Outcomes
On completion of this course, the student will be able to:
  1. Understand and critically evaluate the construction of corporate financial accounting statements
  2. Undertake analysis of corporate value and evaluation of company health and opportunity
  3. Explain and discuss value creation and the creation of residual income
  4. Critically evaluate past and current research relevant to the analysis of corporate financial information
Reading List
Palepu, Healy and Peek, Business Analysis and Valuation: IFRS Edn, Cengage, 2019

There are no specific Key journals for this course. Readings are taken from a number of established, Accounting, Finance, Investment and Corporate Strategy journals.

Resource List:
https://eu01.alma.exlibrisgroup.com/leganto/public/44UOE_INST/lists/26181353120002466?auth=SAML


Additional Information
Graduate Attributes and Skills Cognitive Skills:
- The course will develop analytical, numerical and problem-solving skills.

Subject Specific Skill:
- Understand a set of financial statements.
Keywordsfinancial,statement,analysis
Contacts
Course organiserDr Tom Brown
Tel: (0131 6)50 8333
Email: T.Brown@ed.ac.uk
Course secretaryMiss Mary Anne Boeff
Tel: (0131 6)50 8072
Email: MaryAnne.Boeff@ed.ac.uk
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