72920 - FINANCIAL STATEMENT ANALYSIS

Conoscenze e abilità da conseguire

The learning objectives for this course are: • To help students to further develop a thorough understanding of corporate external reporting practices; • To provide students an understanding of how to use financial statement information in analysing a firm’s performance and financial position; and • To help students to understand how to carry out business analysis and valuation through a comprehensive approach, in order to value the equity and debt securities of a firm.

Contenuti

This course teaches you how to use financial statement information in analysing a firm's performance and financial position and, ultimately, in valuing the firm's equity and debt securities. Using real-life examples and cases, the course takes you through the four steps of business analysis and valuation, being (1) strategy analysis, (2) accounting analysis, (3) financial analysis, and (4) prospective analysis, in various contexts, including equity analysis, credit analysis, and M&A analysis. The course consists of lectures, interactive discussions and exercises and thus requires active participation.
Lecture One

- Introduction to financial statement analysis;

- Business analysis and valuation framework;

- Conceptual introduction to valuation approaches;

- Accounting Analysis 1: Basics of accounting and accounting institutions and their implications for financial statement analysis.

Literature: Palepu, K., P. Healy, and E. Peek, Business Analysis and Valuation: IFRS Edition, Chapters 1 and 3.

Lecture Two

- Accounting Analysis 2: Accounting adjustments

- Financial analysis

Literature: Palepu, K., P. Healy, and E. Peek, Business Analysis and Valuation: IFRS Edition, Chapters 4 and 5.

Lecture Three

- Forecasting future financial statements

- Valuation: approaches, models and implementation

Literature: References: Palepu, K., P. Healy, and E. Peek, Business Analysis and Valuation: IFRS Edition, Chapters 6 and 7.

Lecture Four

- Valuation continued

- Cost of capital

Literature: References: Palepu, K., P. Healy, and E. Peek, Business Analysis and Valuation: IFRS Edition, Chapters 8.

Lecture Five -4/29/2013

- Other financial statement analysis applications:

o Credit analysis

o Mergers & Acquisitions analysis

Literature: Palepu, K., P. Healy, and E. Peek, Business Analysis and Valuation: IFRS Edition, Chapters 10 and 11.

Slides and class notes

Available (before each lesson) at: https://campus.cib.unibo.it/cgi/users/home

Attention: You need to enrol in the distribution list to access the materials

Testi/Bibliografia

Recommended reading

Palepu, K., P. Healy, and E. Peek, Business Analysis and Valuation: IFRS Edition.

A list of recommended background readings will be made available at the start of the course

Modalità di verifica e valutazione dell'apprendimento

Assessment and examination

Type

Weighting

Exercises and participation

40%

Individual written exam

60%

Orario di ricevimento

Consulta il sito web di Erik Peek