Financial Reporting and Analysis

2023/2024

Academic Year

ENG

Instruction in English

3

ECTS credits

Delivered at:

HSE Banking Institute

Course type:

Compulsory course

When:

1 year, 1 module

Instructor

Tsangl, Natalia

Course Syllabus

Abstract

The course consists of three mains blocks: financial accounting, reporting and analysis. Within the ‘Financial accounting’, students get acquainted with the conceptual framework and main principles of accounting. At the stage of the ‘Reporting’, students learn financial reports’ types and structure. The ‘Analysis’ forms the ability of students to perform a comprehensive analysis of a company’s financial standing.

Learning Objectives

• The objective of this course is to form students’ theoretical knowledge and practical skills related to methodology and process of financial reporting and analysis’ organization in a company, to usage intelligently of financial data for compilation of financial reports as well as for sound decision-making based on a company’s financial analysis. The course is focused on international standards of accounting and analysis.

Expected Learning Outcomes

• Being able to analyze the main data and elements of financial reporting aimed at the assessment of a company’s financial performance, health (profit decomposition, impact of financial leverage, sustainable growth, creating shareholder value) and of its market steadiness and investment attractiveness, maintenance of financial stability.
• Getting acquainted with a company’s reporting types, principles of its constitution;
• Getting acquainted with main requirements with regards to financial reporting organization;
• Getting knowledge on economic nature of accounts, composition and structure of financial reporting;
• Learning of subject, objects, fundamentals and purpose of financial reporting and analysis;

Course Contents

• Subject, goals, principles of financial accounting and reporting in accordance with IFRS, balance and operations of a company
• IFRS - analysis of main standards
• Financial reporting
• Financial analysis of a company:
• Manipulation with financial statements

Assessment Elements

• Cumulative Grade
  Cumulative Grade current based on ten-point scale for each element of current control is defined before the final control (exam). Grade current is calculated as weighted sum of all types of current control. Current control is defined as students’ contribution to seminars and hands-on learning classes: student’s activity in business games, discussions, task solving ability during the seminar, expressing the own evidenced opinion, comprehensiveness of presentation topic’s coverage, quality of self-work.
• Exam
  Exam consists of two written parts. The first part is a multiple choice on accounting and reporting combined with 2-3 accounting tasks to solve. The second part of the exam is a case study, which has to be examined and analyzed by students in advance, prior to the exam. At the exam, students are provided by tasks and questions to the case which have to be solved in written within the defined exam time. When assessing the exam, the professor pays significant attention not only to the final solution but also to the logic of the proposed solution to see a student’s way of thinking.

Interim Assessment

• 2023/2024 1st module
  0.45 * Cumulative Grade + 0.55 * Exam

Bibliography

Recommended Core Bibliography

• Robert Higgins. (2018). ISE EBook Online Access for Analysis for Financial Management. McGraw-Hill Education.

Recommended Additional Bibliography

• David Alexander, Ann Jorissen, Martin Hoogendoorn, Carien van Mourik, & Collette Kirwan. (2020). International Financial Reporting & Analysis, Edition 8: Vol. Eighth edition. Cengage Learning.
• Sherman, E. H. (2015). A Manager’s Guide to Financial Analysis : Powerful Tools for Analyzing the Numbers and Making the Best Decisions for Your Business: Vol. Sixth edition. AMA Self-Study.