Financial Statement Analysis
| Module title | Financial Statement Analysis |
|---|---|
| Module code | BEFM011 |
| Academic year | 2023/4 |
| Credits | 15 |
| Module staff | Dr Christina Dargenidou (Convenor) |
| Duration: Term | 1 | 2 | 3 |
|---|---|---|---|
| Duration: Weeks | 10 |
| Number students taking module (anticipated) | 50 |
|---|
Module description
Summary:
The principal function of this module is to ensure that you become able to review critically the tools available for financial statement analysis and evaluate the usefulness of relevant financial reporting information.
Additional Information:
Internationalisation
This module uses International Financial Reporting Standards (IFRS) which apply to more than 100 countries around the world, as well as U.S. GAAP, and, therefore, prepares students for an international career.
Sustainability
Presentations, PowerPoint slides and tutorial notes are all made available on the ELE (Exeter Learning Environment).
External Engagement
This course follows the CFA (Chartered Financial Analysts) Institute curriculum.
Employability
In this module, students acquire skills which will be directly applicable to roles such as Equity and Credit Analysts. Students lead to synthesize information from multiple sources, and make decisions based on their analysis of information and its context.
Module aims - intentions of the module
This is the first module of two in the area of investment analysis and equity valuation. Its principal function is to ensure that students review critically the tools available for financial statement analysis and synthesise the empirical research literature in order to evaluate the usefulness of financial statement information. Particular attention will be paid to the extension of these tools for the comparison of companies in an international setting.
Intended Learning Outcomes (ILOs)
ILO: Module-specific skills
On successfully completing the module you will be able to...
- 1. assess the financial position and performance of a company under different accounting systems;
- 2. critically appraise the usefulness of corporate financial statements in light of both accounting and research;
- 3. appraise different aspects of accounting procedures and their relevance to the measurement of key dimensions of company operations and performance.
ILO: Discipline-specific skills
On successfully completing the module you will be able to...
- 4. develop rigorous conclusions based on financial reporting information and a variety of other data sources;
- 5. access a wide body of empirical research literature and use it to enhance decisions;
- 6. use relevant databases, existing research literature and techniques to conduct a detailed investigation of problems.
ILO: Personal and key skills
On successfully completing the module you will be able to...
- 7. plan and manage his/her own study both individually and within a group;
- 8. make appropriate use of learning resources, including sophisticated computer datasets and the financial press;
- 9. analyse critically problems arising in both academic and practical contexts;
- 10. present effectively results and achievements of collaborative projects as developed through the mode of instruction using group assignments.
Syllabus plan
- Introduction to financial analysis
- Estimates in the income statement
- Cash flow statement
- Debt/Leases/Pensions
- Financial & Intangible assets
- Tangible assets
- Inventories
- Deferred tax
- Financial reporting quality
- Accounting standards
Learning activities and teaching methods (given in hours of study time)
| Scheduled Learning and Teaching Activities | Guided independent study | Placement / study abroad |
|---|---|---|
| 35 | 115 | 0 |
Details of learning activities and teaching methods
| Category | Hours of study time | Description |
|---|---|---|
| Scheduled Learning and Teaching Activity | 20 | Lectures |
| Scheduled Learning and Teaching Activity | 15 | Tutorials |
| Guided Independent Study | 115 | Reading, preparation for classes and assessments |
Formative assessment
| Form of assessment | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|
| Online self-test | 5 hours | 1-5, 9 | Correct answers |
| Tutorial exercises | 15 hours | 1-6,8,9 | Correct answers |
Summative assessment (% of credit)
| Coursework | Written exams | Practical exams |
|---|---|---|
| 20 | 80 | 0 |
Details of summative assessment
| Form of assessment | % of credit | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|---|
| Group assignment | 20 | 3000 words | 1-10 | Written feedback |
| Examination | 80 | 2 hours | 1-6,9 | Correct answers |
| 0 | ||||
| 0 | ||||
| 0 | ||||
| 0 |
Details of re-assessment (where required by referral or deferral)
| Original form of assessment | Form of re-assessment | ILOs re-assessed | Timescale for re-assessment |
|---|---|---|---|
| 2 hours written examination (80%) | 2 hours written examination (80%) | 1-5,9 | August/September Reassessment Period |
| Group Assignment (20%) | Individual Assignment (20%) 1000 words | 1-6,8,9 | August/September Reassessment Period |
Indicative learning resources - Basic reading
Basic Reading:
Financial Statement Analysis, CFA PROGRAM CURRICULUM Level I Supplementary reading: Assigned research papers and articles (these will be made available through ELE)
Web-based and electronic resources:
ELE – College to provide hyperlink to appropriate pages
Other resources:
| Credit value | 15 |
|---|---|
| Module ECTS | 7.5 |
| Module pre-requisites | None |
| Module co-requisites | None |
| NQF level (module) | 7 |
| Available as distance learning? | No |
| Origin date | 17/07/2014 |
| Last revision date | 09/06/2022 |
