ACCTFIN 7017 - Financial Statement Analysis (M)

North Terrace Campus - Semester 1 - 2016

Financial Statement Analysis is essential for all individuals working in the business world. Understanding financial accounting information is critical for a wide range of business decision making. Being able to ask for and understand the appropriate financial information is particularly important for financial analysts and individuals seeking, or already in, management positions at all levels of organizations. Financial statement analysis is exciting and dynamic. It can be orientated in different ways to suit the needs of many individuals including investors, analysts, consultants, creditors, managers, directors, regulators and employees. This offering of Financial Statement Analysis has been specifically designed to meet the needs of individuals who have sufficient background in accounting and finance. The course forges a unique path in financial statement analysis that responds to the needs of modern day business analysts. In particular, it provides a framework for using financial statement data in a variety of business analysis and valuation context. The most important knowledge and skill for managers attempting to understand financial statement information, is a good knowledge of how important business transactions are accounted for, and how these transactions appear in the financial statements. It will be much harder for informed managers to be confused and mislead by `creative? financial reporting put before them by others. Accordingly, this course focuses on teaching managers and business analysts the skills to be able to understand the complexities of financial statements, and untangle important information that is not visible to the untrained eye. The pedagogy adopted for this course is deliberately designed to closely follow the set text, and the range of applied questions provided in the text. The reason for this approach is very simple: to gain the knowledge and skills necessary to understand financial reporting techniques and pitfalls requires a practice more than anything else. The set tutorials and assignments will engage you in tasks that are designed to provide you with this practice. It is very important that you do each and every one of the set work tasks to the best of your ability to obtain the most from the course.

Open All

Course Details

Course Code	ACCTFIN 7017
Course	Financial Statement Analysis (M)
Coordinating Unit	新浪彩票 Business School
Term	Semester 1
Level	Postgraduate Coursework
Location/s	North Terrace Campus
Units	3
Contact	Up to 3 hours per week
Available for Study Abroad and Exchange	Y
Prerequisites	ACCTING 7019, CORPFIN 7005, COMMERCE 7033, ECON 7200
Assessment	Exam/assignments/tests/tutorial work as prescribed at first lecture

Course Staff

Course Coordinator: Professor Alfred Yawson

Lecturer in charge

Name: Hui Zhong Zhang (Jodie)
Location: Room 12.46, 10 Pulteney Street
Telephone: 08 8316 2061
Consultation: Mondays 11am-1pm
Email: hui.zhang@adelaide.edu.au
Course Website:

Course Timetable

The full timetable of all activities for this course can be accessed from .

Course Learning Outcomes

By the end of this course students should be able to:

1. Appreciate financial statement analysis as an integral part of the broader framework of business analysis.

2. Perform detailed and practical evaluation of financial statements.

3. Gain knowledge and skills in analysing financial statements for the purpose of business decisions, resource allocation decisions, and individual investment decisions.

4. Develop an understanding of the components of financial statements, and the development of analytical skills for financial and equity analysis.

5. Develop the skills required to forecast accounting numbers and estimate company value.

6. Express well considered opinion on issues relating to financial statements analysis.

7. Develop skills required to work effectively in a group.

University Graduate Attributes

This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:

University Graduate Attribute	Course Learning Outcome(s)
Deep discipline knowledge informed and infused by cutting edge research, scaffolded throughout their program of studies acquired from personal interaction with research active educators, from year 1 accredited or validated against national or international standards (for relevant programs)	1 to 7
Critical thinking and problem solving steeped in research methods and rigor based on empirical evidence and the scientific approach to knowledge development demonstrated through appropriate and relevant assessment	1 to 7
Teamwork and communication skills developed from, with, and via the SGDE honed through assessment and practice throughout the program of studies encouraged and valued in all aspects of learning	1 to 7
Career and leadership readiness technology savvy professional and, where relevant, fully accredited forward thinking and well informed tested and validated by work based experiences	1 to 7
Intercultural and ethical competency adept at operating in other cultures comfortable with different nationalities and social contexts able to determine and contribute to desirable social outcomes demonstrated by study abroad or with an understanding of indigenous knowledges	1 to 7
Self-awareness and emotional intelligence a capacity for self-reflection and a willingness to engage in self-appraisal open to objective and constructive feedback from supervisors and peers able to negotiate difficult social situations, defuse conflict and engage positively in purposeful debate	1 to 7

Learning Resources

Required Resources

Subramanyam, K. R. 2014. Financial Statements Analysis, 11th Edition, McGraw-Hill New York.

Recommended Resources

Palepu, K. G., Healy, P. M., Bernard, V. L., Wright, S., Bradbury, M., Lee, P. 2015. Business Analysis and valuation using financial statements: Text and cases. South Western, Cengage Learning.

Robinson, T. R., Greuning, H., Henry E. And Broihahn, M. A. 2009. International Financial Statement Analyis, John Wiley & Sons, Inc.

Financial Reporting and Analysis, CFA Program Curriculum, Levels I and II.

Additional reading materials will be provided in the course of the semester.

Online Learning

Please check your student email and MyUni as course-related announcements are communicated via email and also posted onto MyUni.
Learning & Teaching Activities

Learning & Teaching Modes

In this course, we seek to create an interesting, challenging, relevant, and engaging education experience. To help achieve this objective we have a number of teaching aims:

Create a climate of engagement, dialogue and ongoing feedback between students and lecturers regarding the content, teaching strategies, learning experiences and outcomes

Cater for a variety of learning preferences and abilities by providing a range of learning activities and teaching methods

Develop independent learning skills and create an environment that both provides structure and guidance as well as encouraging students to extend their learning

Teaching strategies

This course is a combination of formal lectures and tutorials (problem solving classes). The lectures are used to explain concepts and to give real life examples of situations in which these concepts are used. The tutorials are for problem-solving and discussion of issues raised in the lectures. All tutorial questions are from end of chapter exercises in Subramanyam and Wild. There is an expectation that students will engage in additional readings, as well as the required text. In all classes, students are encouraged to ask questions if there is material that they do not understand.

TUTORIALS

Tutorial classes will be held weekly commencing the second week of the semester. Membership of tutorial classes is to be finalised by the end of the second week of semester. Students wishing to swap between tutorial classes after this time are required to present their case to the Lecturer-in-Charge, but should be aware that such a request may not be approved.

Tutorials are an important component of your learning in this course. The communication skills developed in tutorials by regularly and actively participating in discussions are considered to be most important by the School and are highly regarded by employers and professional bodies.

Workload

The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

The University expects full-time students (i.e. those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This means that you are expected to commit approximately 9 hours for a three-unit course or 13 hours for a four-unit course, of private study outside of your regular classes.

Students in this course are expected to attend all lectures throughout the semester plus one tutorial class each week.

Learning Activities Summary

Lecture and Tutorial schedule

TBA

The University's policy on Assessment for Coursework Programs is based on the following four principles:

Assessment must encourage and reinforce learning.
Assessment must enable robust and fair judgements about student performance.
Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
Assessment must maintain academic standards.

Assessment Summary

Assessment	Due Date and time	Weighting	Related Learning Outcome
Class Test*	Week 6: Lecture time	15%	1 - 6
Group Assignment**	6 June, 2016, 4pm	25%	1 -7
Final Exam 3 hours - closed book exam***	Examination period	60%	1 - 6
Total		100%

Details of each assessment component will be discussed in class and posted onto the subject webpage.

Assessment Related Requirements

The following additional conditions apply:

To gain a pass in this course, a mark of at least 50% must be obtained in the final examination as well as a total of at least 50% overall. Students who fail to achieve the minimum examination mark will be awarded no more than 49%.
Legible handwriting and the quality of English expression are considered to be integral parts of the assessment process. You may lose some marks in the examination due to poor handwriting.
Students in this course are not permitted to take a dictionary (English or English-Foreign) into the examination.
The use of non-programmable calculator is permitted in this course.

新浪彩票