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2024/2025  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 Semester
Start time of the course Autumn
Timetable Course schedule will be posted at calendar.cbs.dk
Max. participants 150
Study board
Study Board for cand.merc. and GMA (CM)
Course coordinator
  • Yanlei Zhang - Department of Accounting (AA)
Main academic disciplines
  • Accounting
Teaching methods
  • Blended learning
Last updated on 20-02-2024

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 Winter
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
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.
The number of registered candidates for the re-take exam warrants if the exam, most appropriately, is to be held as an oral examination. The students will be informed if the re-take examination will be held as an oral examination instead.
Description of the exam procedure

It is not possible to replace the exam with a term paper.
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 30 hours
Preparation 146 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 20-02-2024