English   Danish

2024/2025  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
Min. participants 30
Max. participants 60
Study board
Study Board for cand.merc. and GMA (CM)
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 07/11/2024

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
The number of registered candidates for the make-up examination/re-take examination may warrant that it most appropriately be held as an oral examination. The programme office will inform the students if the make-up examination/re-take examination instead is held as an oral examination including a second examiner or external examiner.
1st retake: 4 hour written-sit in exam, new exam question.
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 30 hours
Preparation 129 hours
Feedback activity 7 hours
Examination 20 hours
Further Information

3-week course cannot be combined with any other course.

 

Preliminary Assignment: 

About end of May, before the start of the course, students will receive concrete information about the pre-course activity, which requires students to start reading the following pre-term textbook:
Tracy and Tracy. 2024. How to Read a Financial Report: Wringing Vital Signs Out of the Numbers. Wiley (8. Edition or more recent editions only authored by Tage Tracy).

 

In addition, students will solve (ungraded) Canvas quizzes based on this material. Students are expected to spend about 20 hours on this pre-course activity. The material covered in this pre-course activity will be relevant for the final exam.

 


 
 

 
Expected literature

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

 

 
Last updated on 07/11/2024