Финансовый анализ по МСФО

Бакалавриат 2020/2021

Статус: Курс по выбору (Управление бизнесом)

Направление: 38.03.02. Менеджмент

Кто читает: Департамент финансового менеджмента

Где читается: Высшая школа бизнеса

Когда читается: 4-й курс, 1 модуль

Формат изучения: без онлайн-курса

Язык: английский

Кредиты: 3

Контактные часы: 30

Full Syllabus

Abstract

This course is designed to develop knowledge and skills in understanding the framework of the preparation of financial statements and how to analyse and interpret those financial statements. The course combines theoretical concepts underlying the presentation of financial statements with the practical techniques of financial statement analysis. Topics include examination of the components of a balance sheet, income statement and statement of cash flows and application of various quantitative techniques of financial statement analysis, such as ratio interpretation from the point of view of a creditor and investor. Financial statements and other disclosures are impossible to understand without an awareness of the underlying accounting principles and business culture. It is also very important to be able to analyze and make decisions concerning profitability, operational and financial activity of a company on the base of financial statements. Once you have completed this course you will have a broader and in depth understanding of financial accounting, reporting and analysis to better prepare yourself for your future careers.

Learning Objectives

The core objective of the course is to sensitize students to the international dimensions of financial reporting and analysis. The course combines theoretical concepts underlying the presentation of financial statements with the practical techniques of financial statement analysis.

Expected Learning Outcomes

Knowledge of the terminology used in international financial reporting and analysis
Knowledge of the main forms of financial reports and understanding their relationship
Knowledge of the main principles of international financial reporting
Ability to make financial decisions based on the data obtained from financial reports
Ability to demonstrate concisely presented financial statement analysis in a written format

Course Contents

Introduction to international financial reporting
1.1. The purpose of financial reporting 1.2. Users’ and stakeholders’ needs 1.3. Accounting for information, types of accounting 1.4. Regulation (IASB) 1.5. Conceptual Framework
Statement of financial position
2.1. The main elements and financial reporting principles 2.2. Accounting equation 2.3. Current and non-current assets
Statement of profit or loss
3.1. The main elements and financial reporting principles 3.2. Accrual accounting 3.3. Relationship between Statement of profit or loss and Statement of Comprehensive Income
Cash flow statement and its analysis
4.1. The main elements and financial reporting principles 4.2. Direct versus indirect method 4.3. Cash flow statement and its relationship to lifecycle of a company
Introduction to Financial Statement Analysis and analysis of working capital and liquidity
5.1 The main methods of financial statement analysis 5.2. Analysis of working capital 5.3. Liquidity analysis and liquidity ratios
Analysis of business activity and profitability
6.1. Analysis of cash conversion cycle 6.2. Return on Assets (ROA) 6.3. Return on Equity (ROE) 6.4. Financial leverage 6.5. DuPont Model

Assessment Elements

Test 1
Multiple-choice questions related to topics 1-3
Test 2
Multiple-choice questions related to topics 4-6
Group project
Written report from a group of students plus all calculations in Excel
Final Exam
The exam will consist of three parts. The first part is theoretical and will include one open question related to international financial reporting or financial statement analysis. The second part will include a short task with calculations related to the main principles of international financial reporting. The third part will be devoted to financial statement analysis of a particular company.

Interim Assessment

Interim assessment (1 module)
0.6 * Final Exam + 0.2 * Group project + 0.1 * Test 1 + 0.1 * Test 2

Bibliography

Recommended Core Bibliography

International financial reporting and analysis, Alexander, D., 2009
International financial reporting and analysis, Alexander, D., 2014
Nicolas Schmidlin. (2014). The Art of Company Valuation and Financial Statement Analysis : A Value Investor’s Guide with Real-life Case Studies. Wiley.

Recommended Additional Bibliography

IGOR Mizikovsky, & ALEXANDER Bazhenov. (2019). Accounting and Financial Reporting as a Tool for Transparency of Economic Activity of a Business Entity. https://doi.org/10.26794/2408-9303-2016——2-69-77

Course Syllabus