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2013/2014  KAN-CM_R81  Financial Statement Analysis and Valuation

English Title
Financial Statement Analysis and Valuation

Course information
Language English
Exam ECTS 7.5 ECTS
Type Elective
Level Full Degree Master
Duration One Quarter
Course period Autumn, First Quarter
Changes in course schedule may occur
Class A: Wednesday 08.00-11.30, week 36-42
Wednesday 08.00-12.25, week 43
Class B: Wednesday 15.20-19.00, week 36-42
Wednesday 12.35-17.10, week 43
Time Table Please see course schedule at e-Campus
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Jesper Møller Banghøj - Department of Accounting and Auditing (AA)
Jesper Møller Banghøj, jb.acc@cbs.dk
Anni Harazouk, ah.acc@cbs.dk
Secretary Sadaf Hussain, shu.acc@cbs.dk
Main academic disciplines
  • Financial and management accounting
Last updated on 06-01-2014
Learning objectives
The aim of the course is to enable the students to analyse a firm’s profitability, growth and risks, calculate and interpret financial ratios that describe a firm’s economic well being and demonstrate the ability to value firms using different valuation techniques.
Course prerequisites
Students are required to have had an introductory course in financial accounting and a reasonable knowledge of corporate finance.
Examination
Financial Statement Analysis and Valuation:
Examination form Written sit-in exam
Individual or group exam Individual
Assignment type Written assignment
Duration 4 hours
Grading scale 7-step scale
Examiner(s) Internal examiner and external examiner
Exam period Autumn Term
Aids allowed to bring to the exam Limited aids, see the list below and the exam plan/guidelines for further information:
  • Books and compendia brought by the examinee
  • Notes brought by the examinee
  • Allowed calculators
  • Allowed dictionaries
Make-up exam/re-exam
Same examination form as the ordinary exam
If the number of registered candidates for the make-up examination/re-take examination warrants that it may most appropriately be held as an oral examination, the programme office will inform the students that the make-up examination/re-take examination will be held as an oral examination instead.
Description of the exam procedure
PC exam on CBS computers with print. The paper has to be written on PC and handed in as prints along with an excel file on a cd rom which is provided by CBS.
If necessary graphs/ models/ formulas may be drawn in hand on paper and handed in with the printed paper.
It is not allowed to bring your own PC and printer.
No access to the internet and LEARN.
Access to personal S:/drive.
Before the exam starts information can also be uploaded from a USB-key to PC, then the USB-Key should be put away during exam.
Course content and structure

Research and theory based lectures are mixed with exercises and cases. Lectures provide the students with the necessary tools to make financial analyses and valuation. Through cases the students learn how to apply theory and use a variety of decision models used in practice.

The course’s development of personal competences:

Candidates are trained in presenting solutions to a variety of real life business cases, including valuation, based on financial statement analysis.
Teaching methods
Research and theory based lectures are mixed with exercises and cases.
Expected literature

‘Financial Statement Analysis for Decision Makers’, by Christian V. Petersen and Thomas Plenborg, Pearson 2011
Last updated on 06-01-2014