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Unit information: Financial Reporting and Analysis in 2016/17

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Unit name Financial Reporting and Analysis
Unit code EFIMM0030
Credit points 15
Level of study M/7
Teaching block(s) Teaching Block 1 (weeks 1 - 12)
Unit director Dr. Elshandidy
Open unit status Not open
Pre-requisites

None

Co-requisites

None

School/department School of Accounting and Finance
Faculty Faculty of Social Sciences and Law

Description

This unit builds strong links between accounting and finance through helping students to understand the preparation and articulation of the main financial statements and to use the data therein for financial analysis and valuation models. The unit starts with the main concepts of accounting measurement and then goes on to illustrate these with a variety of important financial reporting issues, including principles of consolidation. The unit then introduces basic financial analysis techniques and prediction models based on financial statement data. Finally, the unit provides an introduction to various valuation models, including practical examples of how to apply and assess such models.

Intended learning outcomes

As a result of taking this course, the student should be able to:

A1. Describe the accounting environment (aims of accounting, users of financial reporting, regulations, and qualitative characteristics of accounting information);

A2. Find, select, organise, adjust relevant financial and non-financial data for a company;

A3. Use Financial analysis tools through applying ratio analysis;

A4. Use comprehensive range of security valuation techniques; and

A5. Critically evaluate the usefulness of financial and non-financial information in the valuation of securities

Teaching details

In congruence with the teaching and learning strategy of the UOB, the following set of tools are used:

  • Lectures;
  • Seminars where students will be asked to prepare assigned home work (a problem-solving and/or a case study), and the solution of which are reviewed in class; and
  • Use of Blackboard.

Assessment Details

This module includes both formative (including case-studies and problem-solving) and summative (course-work) assessments. The summative assignment is a written report prepared in a team (30% of the final mark), and a two-hour exam in January (70% of the final mark) assessments.

The formative assessment aims to prepare students for the examination.

The first summative assessment “the written report” tests Learning Outcomes A.2, A.3 and a part of A.4

The second summative assessment “the final written examination” tests the other Learning Outcomes.

The written final exam will include both essay and numeric questions.

Reading and References

The unit will provide readings from various sources for each main section. These will be drawn from text books and academic and professional journal articles. The following text-books will cover most of the essential reading materials:

  1. Alexander, D, Britton, A. and Jorissen A, (2014). International Financial Reporting and Analysis (6th edition) Cengage Learning.
  2. Penman, S. (2009), Financial Statement Analysis and Security Valuation, 4th edition, McGraw-Hill
  3. Palepu, K. G., Healy, P. M. and Peek, E. (2013), Business Analysis and Valuation: IFRS edition, 3rd edition, Cengage Learning
  4. Wahlen, J., Baginski, S. and Bradshaw, M. (2015). Financial Reporting, Financial Statements, and Valuation, 7th Edition.

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