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Unit information: Financial Reporting and Analysis in 2020/21

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. Nikos Tsileponis
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

Teaching will be delivered through a combination of synchronous and asynchronous sessions including lectures, tutorials, drop-in sessions, discussion boards and other online learning opportunities

Assessment Details

This unit will be assessed by 50% group coursework and 50% individual assignment

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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