Postgraduate Course: Financial Statement Analysis (CMSE11338)
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 starts by developing the participants understanding of International Financial Reporting Standards and their knowledge of financial ratios. The course then combines your understanding of these two areas and allows participants to complete a financial analysis of real world annual reports. |
| Course description |
Students will learn to extract information and meaning from IFRS compliant statutory financial statements. They will be able to calculate and use accounting ratios, extracting information to make forecasts and valuations. Students will be able to conduct a limited analysis of corporate strategy and link this to the company's financial performance. Students will also gain understanding of the limitations of financial statements and the methods for evaluating the quality of these statements.
Syllabus:
- The Financial Accounting Environment: Rationale, drivers and perspectives for financial accounting. Basic accounting concepts. Users of accounting information.
- Understanding the financial statements (Income Statement, Balance Sheet, Cash flow Statement, Other Statements)
- Accounting regulation environment.
- International reporting standards
- Current Topics in International Accounting Standards
- Analysis of financial statements using ratio Analysis
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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-requisites | Business School postgraduate students only. |
| High Demand Course? |
Yes |
Course Delivery Information
|
| Academic year 2022/23, Not available to visiting students (SS1)
|
Quota: None |
| Course Start |
Semester 1 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
150
(
Seminar/Tutorial Hours 16,
Summative Assessment Hours 2,
Programme Level Learning and Teaching Hours 3,
Directed Learning and Independent Learning Hours
129 )
|
| Assessment (Further Info) |
Written Exam
100 %,
Coursework
0 %,
Practical Exam
0 %
|
| Additional Information (Assessment) |
100% exam (individual) - assessing all course Learning Outcomes |
| Feedback |
Formative feedback:
Students are strongly encouraged to ask questions and participate in group discussions.
Summative feedback:
There will be general feedback on the exam performance. |
| Exam Information |
| Exam Diet |
Paper Name |
Hours & Minutes |
|
| Main Exam Diet S1 (December) | Financial Statement Analysis (CMSE11338) | 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.
- Critically analyse the financial performance of a corporate entity. Identify and justify causes that explain the changes in financial performance.
- Identify and justify causes that explain the changes in financial performance.
- Undertake analysis of corporate value and evaluation of company health and opportunity.
|
Reading List
Recommended Reading:
Philip O'Regan, Financial Information Analysis, 2nd edition. Publisher: Routledge, ISBN: 9780415695855
Additional primary textbook for students who haven't studied accounting before:
Peter Atrill & Eddie McLaney, Accounting and Finance for Non-Specialists, 10th edition. Publisher: Pearson, ISBN: 9781292135601
Students should try to read the Financial Times on a regular basis.
Any additional in-course reading will be indicated during classes.
Supplementary reading:
Melville, Alan, International Financial Reporting: A Practical Guide, 6th edition. Publisher: Pearson. ISBN: 9781292200743 |
Additional Information
| Graduate Attributes and Skills |
Cognitive Skills:
This course will develop analytical, numerical and problem-solving skills as well as communication and working with others.
Subject Specific Skills
Understand the elements of a set of financial statements and the regulatory environment in which these statements are prepared.
Students will also be able to compile a series of financial ratios in order to analyse the performance of the organisation under a number of headings.
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| Keywords | Not entered |
Contacts
| Course organiser | Dr Rocky Wang
Tel:
Email: Shuo.Wang@ed.ac.uk |
Course secretary | Miss Tamara Turford
Tel: (0131 6)50 8074
Email: Tamara.Turford@ed.ac.uk |
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