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2022/2023  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
  • Bjørn N. Jørgensen - Department of Accounting (AA)
For academic questions related to the course, please contact course responsible Bjørn N. Jørgensen (bnj.acc@cbs.dk).
Main academic disciplines
  • Finance
  • Accounting
Teaching methods
  • Face-to-face teaching
Last updated on 16-11-2022

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 the accounting mechanics behind financial reporting
  • Discover the differences between financial reporting from around the world
  • Understand the basic techniques of financial statement analysis and business valuation
  • Differentiate between different valuation models
  • Understand the benefits and limitations of those models
  • Be able to implement valuation of a company using techniques and tools covered during the course
  • Understand financial reporting incentives and accounting quality
Course prerequisites
Completed Bachelor degree or equivalent.
Previous classes in Accounting and/or Finance at the bachelor level is a plus
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 and Summer, Exam schedules available on https:/​/​www.cbs.dk/​uddannelse/​international-summer-university-programme-isup/​courses-and-exams
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 the personal drive (S-drive) on CBS´ network
  • Advanced IT application package
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.
1st retake: 4 hour written-sit in exam, new exam question.
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.

2nd retake (3rd attempt): The second retake is always an online oral exam (20 minutes online oral exam with no preparation time) with one internal examiner and an internal co-examiner.
Description of the exam procedure

The final exam will consist of a mix of different type of questions, which may include case questions, open questions and true/false questions.
Course content, structure and pedagogical approach
Course content:
This course will provide students with the skills to successfully evaluate firm's financial health and determine its value. Students will learn about various aspects of constructing and analyzing financial statements. The aim is to provide students with fundamentals of effective financial analysis and firm valuation.
 
Course structure:Preliminary assignment:  The preliminary assignment will feature a reading package, incl. readings from academic papers, designed to refresh the students' basic understanding of financial statements. 
 
 
Description of the teaching methods
Teaching is done as a blend of lectures and exercises. Part of the lectures will be characterized as active dialogue with students.
Feedback during the teaching period
Mock exam and discussion of answers
Student workload
Preliminary assignment 20 hours
Classroom attendance 33 hours
Preparation 126 hours
Feedback activity 7 hours
Examination 20 hours
Further Information

Short 3 weeks course that cannot be combined with any other course.

 

Preliminary Assignment:

The course coordinator uploads Preliminary Assignment on Canvas at the end of May. It is expected that students participate as it will be included in the final exam, but the assignment is without independent assessment & grading.

 

Course and exam timetable:

Is/will be 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 in start March.

 
Expected literature

Thomas Plenborg and Finn Kinsedal. 2021. Financial Statement Analysis. 2nd edition. Fagbokforlaget.

 

 
Last updated on 16-11-2022