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2021/2022  KAN-CCMVV1645U  Financial Statement Analysis and Valuation

English Title
Financial Statement Analysis and Valuation

Course information
Language English
Course ECTS 7.5 ECTS
Type Elective
Level Full Degree Master
Duration One Quarter
Start time of the course First Quarter
Timetable Course schedule will be posted at calendar.cbs.dk
Max. participants 180
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Yanlei Zhang - Department of Accounting (AA)
Main academic disciplines
  • Accounting
Teaching methods
  • Online teaching
Last updated on 21/12/2021

Relevant links
Learning objectives
  • read and understand financial statements
  • conduct a profitability analysis using financial ratios
  • conduct a growth analysis using financial ratios
  • conduct a liquidity risk analysis using financial ratios
  • prepare pro forma statements for forecasting
  • estimate firm values
Course prerequisites
Students are required to have knowledge on introductory financial accounting and a reasonable knowledge of corporate finance.

The course is closed for students at FIR, FIN, FIV, and ASC
Examination
Financial Statement Analysis and Valuation:
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 Autumn
Aids Limited aids, see the list below:
The student is allowed to bring
  • USB key for uploading of notes, books and compendiums in a non-executable format (no applications, application fragments, IT tools etc.)
  • Any calculator
  • In Paper format: Books (including translation dictionaries), compendiums and notes
The student will have access to
  • Access to Canvas
  • Advanced IT application package
Make-up exam/re-exam Home assignment - written product
Size of written product: Please see text below
Assignment type: Written assignment
Duration: Written product to be submitted on specified date and time.
Description of the exam procedure

It is not possible to replace the exam with a term paper.

 

About the make-up/re-take exam:

 

Size of the written product: No maximum number of pages, students have 4 hours to complete the assignment.

 

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.
Course content, structure and pedagogical approach

Theory-based lectures are supplemented with exercises and workshops. Lectures provide the students with the necessary tools to make financial analyses and valuation. Through workshops, students understand better the theories and learn how to apply a variety of decision models in the practice.

 
Description of the teaching methods
Lectures with exercises and workshops.
Feedback during the teaching period
Exercise classes entail feedback to students who have prepared solutions at home. Students will see the instructor's solution and are encouraged to speak up in case of deviations between the instructor solutions and their own solutions. Online or in-class quizzes may be offered in order to give students a quick indication of their understanding of each topic.
Student workload
Lectures 35 hours
Preparation 140 hours
Exam 30 hours
Further Information

The course is closed for students at FIR, FIN, FIV, and ASC.

 
Expected literature

Two options of the textbook:

 

(1) Christian Petersen, Thomas Plenborg, and Finn Kinserdal, Financial Statement Analysis, 1st edition, Fagbokforlaget, 2017, ISBN: 9788245021028

 

(2) Thomas Plenborg and Finn Kinserdal, Financial Statement Analysis, 2nd edition, Fagbokforlaget, 2020, ISBN: 9788245034240

 

 
Last updated on 21/12/2021