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2019/2020  KAN-CCMVI2008U  Financial Statement Analysis

English Title
Financial Statement Analysis

Course information

Language English
Course ECTS 7.5 ECTS
Type Elective
Level Full Degree Master
Duration Summer
Start time of the course Summer
Timetable Course schedule will be posted at calendar.cbs.dk
Max. participants 60
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Course instructor: H. Shelton Weeks. Florida Gulf Coast University.
    Sven Bislev - Department of Management, Society and Communication (MSC)
For academic questions related to the course, please contact instructor H. Shelton Weeks at sweeks@fgcu.edu
Other academic questions: contact academic director Sven Bislev at sb.msc@cbs.dk
Main academic disciplines
  • Finance
  • Economics
Teaching methods
  • Face-to-face teaching
Last updated on 12/11/2019

Relevant links

Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors:
  • Understand financial reporting and construction of Financial Statements
  • Understand Financial Reporting standards
  • Conduct analysis of various financial statements
  • Evaluate corporate health and risk based on data from financial statements
  • Make decisions informed by analysis of financial statement data
Course prerequisites
BS degree that includes Financial Accounting and Business Finance
Examination
Financial Statement Analysis:
Exam ECTS 7.5
Examination form Written sit-in exam on CBS' computers
Individual or group exam Individual exam
Assignment type Written assignment
Duration 4 hours
Grading scale 7-point grading scale
Examiner(s) One internal examiner
Exam period Summer, Ordinary exam: 4 hour written exam in the period of 27–31 July 2020
Retake exam: 4 hour written exams in the period of 28 September–2 October 2020
3rd attempt (2nd retake) exam: 72-hour home assignment- 23-26 November 2020 – for all ISUP courses simultaneously

Exam schedules available on https:/​/​www.cbs.dk/​uddannelse/​international-summer-university-programme-isup/​courses-and-exams
Aids Closed book: no aids
However, at all written sit-in exams the student has access to the basic IT application package (Microsoft Office (minus Excel), digital pen and paper, 7-zip file manager, Adobe Acrobat, Texlive, VLC player, Windows Media Player), and the student is allowed to bring simple writing and drawing utensils (non-digital). PLEASE NOTE: Students are not allowed to communicate with others during the exam.
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.
Retake exam: 4 hour written sit-in exam, new exam question
Exam form for 3rd attempt (2nd retake): 72-hour home project assignment, max. 10 pages.
Course content, structure and pedagogical approach
This course will provide students with the skills to successfully assess company performance and financial position. All aspects relating to construction and analysis of financial statements will be examined.  The goal of the course will be to provide students with the knowledge required to conduct effective analysis and reach data driven conclusions with respect to a firm's financial health and market position.  Specific goals include the following.
1. Understand the acco
unting mechanics behind financial reporting
2. Discover the differences between statements from around the world
3. Learn how each financial statement element affects security valuation
4. Master analysis of firm operation and risk
 
 The course will be useful for students planning a career in accounting or finance, whether it is investment banking, portfolio management, securities analysis or venture capital. The course will also benefit students who aspire to be consultants or business analysts.
 
Preliminary assignment:  The preliminary assignment will feature a reading from the CFA Institute designed to refresh the student's basic understanding of financial statements.
 
Class 1: Financial Statement Analysis: Introduction
Class 2: Financial Reporting Mechanics & Financial Reporting Standards
Class 3: Understanding Income Statements & Understanding Balance Sheets
Class 4: Understanding Cash Flow Statements
Class 5: Financial Analysis Techniques
Class 6: Student Presentations
 
Feedback activity:
 
Class 7: Inventories & Long-Lived Assets
Class 8: Non-Current (Long-term) Liabilities
Class 9:  Financial Reporting Quality & Applications of FAS
Class 10: Income Taxes & Employee Compensation
Class 11: Multinational Operations & Evaluating Quality of Financial Reports
Description of the teaching methods
All teaching takes place on campus (notice that face-to-face teaching may include the use of online materials and tools.
Feedback during the teaching period
Student presentations will utilize current data from actual firms and students will be provided with feedback regarding their analysis of the firm's current position.
Student workload
Preliminary assignment 20 hours
Classroom attendance 33 hours
Preparation 126 hours
Feedback activity 7 hours
Examination 20 hours
Further Information

Preliminary Assignment: To help students get maximum value from ISUP courses, instructors provide a reading or a small number of readings or video clips to be read or viewed before the start of classes with a related task scheduled for class 1 in order to 'jump-start' the learning process.

 

Course timetable is available on https://www.cbs.dk/uddannelse/international-summer-university-programme-isup/courses-and-exams

 

We reserve the right to cancel the course if we do not get enough applications. This will be communicated on https://www.cbs.dk/uddannelse/international-summer-university-programme-isup/courses-and-exams end March 2020.

 

Expected literature

Mandatory readings:

 

Robinson, Henry, Pirie and Broihahn: International Financial Statement Analysis, 3rd edition.

 

 

Last updated on 12/11/2019