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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 80
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Shelton Weeks - Department of Accounting (AA)
For academic questions related to the course, please contact instructor H. Shelton Weeks at sw.acc@cbs.dk
Main academic disciplines
  • Finance
  • Economics
Teaching methods
  • Online teaching
Last updated on 16/04/2020

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 Home assignment - written product
Individual or group exam Individual exam
Size of written product Please see text below
4 hour home assignment. No requirement for maximum number of pages.
Assignment type Written assignment
Duration Written product to be submitted on specified date and time.
Grading scale 7-point grading scale
Examiner(s) One internal examiner
Exam period Summer, Ordinary exam: 4 hour home assignment in the period of 27–31 July 2020
Retake exam: 4 hour home assignment 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
Make-up exam/re-exam
Same examination form as the ordinary exam
Retake exam: 4 hour home assignment, 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
This year all courses are taught digitally over the Internet. Instructors will apply a mixture of direct teaching through a live link (like Skype, Team, Zoom…) and indirect, where visual pre-recorded material is uploaded on Canvas. The instructor will inform participants about the precise format on Canvas.
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, 4e

ISBN 978-1-119-62805-7

 

 
Last updated on 16/04/2020