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FINANCIAL ANALYSIS

Syllabus

EN IT

Learning Objectives

LEARNING OUTCOMES:
provide basic knowledge and understanding on selected issues in financial reporting, analysis, and, to a lower extent, consolidation.

KNOWLEDGE AND UNDERSTANDING:
recognize the impacts of selected items on financial statements and to be able to distinguish main elements in financial statements

APPLYING KNOWLEDGE AND UNDERSTANDING:
Provide basic financial statements analysis for different purposes
apply basic consolidation accounts techniques

MAKING JUDGEMENTS:
expressing opinion about the overal financial health of listed firms

COMMUNICATION SKILLS:
to be able to explain, adopting a differences in differences approach, why some companies perform better than others

LEARNING SKILLS:
Capacity of gradually acquiring the drivers of performance of different firms

Prerequisites

Have been succeed in a basic course of financial accounting. This prerequisite is valid for all students, including those enrolled in other Bachelor programs or in dual degree programs with other countries. The prerequisite is not applicable only for incoming erasmus students

Program

This course aims to introduce you to selected issues in financial reporting. After this course, you should be able to:
1. read and provide a general analysis of the most important items within financial statements of listed companies for different purposes;
Provide basic financial statements analysis for different purposes;
apply basic consolidation accounts techniques and/or tax accounting

Here below, the detailed syllabus. It will consist on 6 parts and each part will take, on average one week:

1.Refreshment on Financial Statements
2.Valuations of main fixed assets (Tangible and Intangible)
3. Advance valuation of Inventories
4. Impairment and Provisions
5. Financial assets,
6. Tax Reporting
7. Cash Flow statements and companies' main financing policies

Books

Horngren et al., Introduction to Financial Accounting,13th edition, Wiley, Chapter 5

Weygandt, Kimmel, Kieso: Financial & Managerial Accounting 3rd ed. (for short: WKK) Ch 4, 6, 9, ch 8 par. 17, 10, 11


Additional readings uploaded on the course webpage.


All the materials uploaded on the course webpage

Bibliography

Kieso, Weygandt, Warfield, Intermediate Accounting – Ifrs edition, vol I, Wiley, 2011, 3 edition, chapters 1, 2, 3,4,5;

Aerts, Walton, Global Accounting and Reporting, Cengage, 2017, 4th edition, chapters 8, 9, and 10;

International Financial Reporting Standars – Accounting and Financial Reporting Using IFRS, 2015, McGraw-Hill, chapters 1 and 2

All IAS-IFRS currently issued at the starting day of the course
Subramanyam (2014), Financial Statement Analysis, 11th edition, McGraw-Hill

Teaching methods

Teaching Hours and Teaching Methods

Teaching methods:
Lecture 60%
Exercises, Discussion and group presentation 40%
(Homework assignments are the basis for class discussion)



Exam Rules

Group Project presentation and report 25%
Final exam 70%
Total 100%
The following factors are considered in the class participation and they can give to students additional individual bonuses:
1. Attendance.
2. Volunteering answers to questions or asking good questions.
3. Responses to discussion questions.
However, non attending students will not find any obstacles to achieve the same performance of attending ones.

As for the assessment, there are no differences between attendants and non-attendants, except by the fact they cannot collect additional bonuses as for the aforementioned 3 bullet points. Non Attendants will submit and present their projects (also made individually) the day of the exam.

Students will succeed in the exam by getting a grade equal or higher than 18/30. Below 18 student will be rejected and invited to attempt again at a future date after having deepened the lackings reported.
Within the range of positive grades (from 18 to 30) it is possible to recognize the following sub-range and related features:
18-20. The student can succeed in the light of a very basic understanding of all topics and ability to report and discuss them with a very minor critical approach.
21-23. The student got the basics well and is able to understand and quickly well-debrief the major concepts and issues faced during the course.
24-26. The student is mature with respect to the course contents and related understand. He/she can fairly report all concepts in a correct manner by well balancing synthesis and analysis
27-29. The understanding is full and appreciable. The student not only has learned much, he/she is also able to infer his/her knowledge in connection with other subjects and discipline and he/she is also able to open up future critical issue.
30- 30 cum laude. The student's preparation and performance is outstanding. He/she is at ease in perfectly respond to whatever issue around those faced during the course. He/she is able to make connection and bridges in the vast field of business administration and this attitudes demonstrate the student's potential to succeed in the job market in the areas related with the course.