Postgraduate Course: Analysis of Corporate Financial Information (CMSE11084)
Course Outline
| School | Business School |
College | College of Arts, Humanities and Social Sciences |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Available to all students |
| SCQF Credits | 15 |
ECTS Credits | 7.5 |
| Summary | The 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.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | None |
Information for Visiting Students
| Pre-requisites | None |
| High Demand Course? |
Yes |
Course Delivery Information
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| Academic year 2022/23, 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:
150
(
Lecture Hours 20,
Summative Assessment Hours 2,
Programme Level Learning and Teaching Hours 3,
Directed Learning and Independent Learning Hours
125 )
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| Assessment (Further Info) |
Written Exam
60 %,
Coursework
0 %,
Practical Exam
40 %
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| Additional Information (Assessment) |
40% presentation (group) - assesses course Learning Outcomes 1, 2, 3
60% exam (individual) - assesses all course Learning Outcomes |
| Feedback |
Formative: Informal feedback is available to any individual or group who requests it
Summative: Verbal, group-level feedback to groups immediately following group presentations. Written, individual, feedback on individual examination performance Written, generic, feedback on class examination performance |
| 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:
- Understand and critically evaluate the construction of corporate financial accounting statements
- Undertake analysis of corporate value and evaluation of company health and opportunity
- Explain and discuss value creation and the creation of residual income
- Critically evaluate past and current research relevant to the analysis of corporate financial information
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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.
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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.
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| Keywords | financial,statement,analysis |
Contacts
| Course organiser | Dr Eleni Chatzivgeri
Tel: (0131 6)50 8074
Email: Eleni.Chatzivgeri@ed.ac.uk |
Course secretary | Miss Jen Wood
Tel: (0131 6)50 8335
Email: J.Wood@ed.ac.uk |
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