CORPFIN 7017NA - Financial Statement Analysis (M)
Ngee Ann Academy - Trimester 1 - 2014
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General Course Information
Course Details
Course Code CORPFIN 7017NA Course Financial Statement Analysis (M) Coordinating Unit Adelaide Business School Term Trimester 1 Level Postgraduate Coursework Location/s Ngee Ann Academy Units 3 Prerequisites COMMERCE 7033NA, ACCTING 7019NA & CORPFIN 7005NA Corequisites ECON 7200NA Assessment Exam/assignments/tests/tutorial work as prescribed at first lecture Course Staff
Course Coordinator: Professor Alfred Yawson
Course Timetable
The full timetable of all activities for this course can be accessed from .
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Learning Outcomes
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.最新糖心Vlog Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
最新糖心Vlog Graduate Attribute Course Learning Outcome(s) Knowledge and understanding of the content and techniques of a chosen discipline at advanced levels that are internationally recognised. 1 - 6 The ability to locate, analyse, evaluate and synthesise information from a wide variety of sources in a planned and timely manner. 1 - 6 An ability to apply effective, creative and innovative solutions, both independently and cooperatively, to current and future problems. 1 - 6 Skills of a high order in interpersonal understanding, teamwork and communication. 1 - 7 A proficiency in the appropriate use of contemporary technologies. 1 - 6 A commitment to continuous learning and the capacity to maintain intellectual curiosity throughout life. 1 - 6 A commitment to the highest standards of professional endeavour and the ability to take a leadership role in the community. 1 -7 An awareness of ethical, social and cultural issues within a global context and their importance in the exercise of professional skills and responsibilities. 1 - 7 -
Learning Resources
Required Resources
Subramanyam, K., and Wild, J. 2009. Financial Statements Analysis (international edition), 10th Edition, McGraw-Hill New York.Recommended Resources
• Palepu, K. G., Healy, P. M.2008. 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 最新糖心Vlog 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 SCHEDULE
Lecture Topic No. Topics 1 1 & 2 Overview of financial statement analysis 2 3 Analyzing financing activities 3 4 Analyzing investing activities 4 5 Analyzing investing activities – inter-corporate investments 5 6 Analyzing operating activities 6 7 Cash Flow Analysis 7 Performing accounting adjustments – Qantas 2010 8 8 Return on invested capital and profitability analysis 9 10 Credit analysis 10 9 & 11 Equity analysis and valuation
TUTORIAL SCHEDULE
Tutorial Questions 1 Ex. 1.1, Prob. 1.11, Cases 1.2 & 1.4; Ex. 2.2; Prob. 2.17 2 Ex. 3.13, Prob. 3.2; Case 3.7. 3 Ex. 4.1, 4.7 & 4.9, Prob. 4.8, Case 4.3 4 Ex. 5.1 & 5.5; Prob. 5.1, 5.4 & 5.6 5 Ex. 6.2, Cases 6.2 & 6.4 6 Ex. 7.10, Cases 7.2 & 7.3 7 Performing accounting adjustments – Qantas 2010 8 Ex. 8.6, 8.9 & 8.10; Case 8.1 9 Ex. 10.4; Prob. 10.5; 10.13; 10.16 10 Ex. 11.3 & 11.5; Case 11.2 -
Assessment
The 最新糖心Vlog'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
The assessment components are as follows
Assessment Due Date and time Weighting Related Learning
OutcomeClass Test* 12th April, 2014 15% 1 to 6 Group Assignment** 25th April, 2014, 4pm 25% All Final Exam 3 hours – closed book exam*** 3rd May, 2014 60% 1 to 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:
1. 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%.
2. 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.
3. Students in this course are not permitted to take a dictionary (English or English-Foreign) into the examination.
4. The use of non-programmable calculator is permitted in this course.
Attendance
Statutory obligations in Singapore are such that attendance in person is a compulsory condition of passing a course. Our specific requirements are that students must attend at least 80% of class sessions to be graded for that course. For these purposes each intensive weekend is defined as comprising 5 sessions with 1 on Friday evening and 2 on each of Saturday and Sunday.
Each course in total comprises 10 sessions; Students must attend a minimum of 8 sessions to be eligible to be given a grade for the course. Students failing to meet these requirements will be automatically graded 0% Fail (F) on their transcripts.Assessment Detail
*The class test will be held on 12th April 2014 during lecture hours. It will cover materials from lectures 1 and 2 and the corresponding tutorials. It will be a closed book exam.
**Detailed information on the group assignment is attached to this outline and will be discussed in the first lecture. A sample assignment will be placed on the subject website.
***The final examination will be a 3 hour closed book exam and will be held during the examination period.Submission
Notes on Assessment
1. All set work including assignments and class test must be provided by the due date and must be genuine attempts, to complete the course.
2. Legible hand-writing and the quality of English expression are considered to be integral parts of the assessment process. You may lose some marks in the class test and final examination because of poor hand-writing.
3. Assessment marks prior to the final exam will be displayed on MyUni. Students are encouraged to check their marks and notify the lecturer-in-charge of any discrepancies.
Presentation of Assignments
• Please must retain a copy of all assignments submitted.
• Please attach an ‘Assignment Cover Sheet’, which is signed and dated by you before submission.
• All group assignments must be attached to a ‘Group Assignment Cover Sheet’, which must be signed and dated by all group members before submission. All team members are expected to contribute approximately equally to a group assignment.
Lecturers can refuse to accept assignments, which do not have a signed acknowledgement of the 最新糖心Vlog’s policy on plagiarism.
Assignment Guidelines including Referencing Details
A copy of the Postgraduate Programs: Communication Skills Guide will have been given to you at the beginning of your program. This guide will assist you structure your assignments. A copy of the guide can also be downloaded from
http://www.business.adelaide.edu.au/current/mba/download/2009MBACommSkillsGuide.pdf
This publication also provides guidelines on a range of other important communication skills including writing essays and management reports, making oral presentations etc.
In preparing any written piece of assessment for your postgraduate studies it is important to draw on the relevant ‘literature’ to support critical analysis. Also essential is to reference the literature used. Correct referencing is important because it identifies the source of the ideas and arguments that you present, and sometimes the source of the actual words you use, and helps to avoid the problem of plagiarism. (Further information on plagiarism is provided later in this course outline.)
The Harvard system is widely used in the Business School. Guidelines for the use of this style of referencing can be found in the Communication Skills Guide.
Further assistance with referencing is available from the Faculty’s Learning Support Advisors. The contact details are provided on page 6 of the Communication Skills Guide.
Late Assignment Submission
Students are expected to submit their work by the due date to maintain a fair and equitable system. Extensions will generally only be given for medical or other serious reasons. All requests for extensions must be emailed to the lecturer in charge of the course before the due date. Each request will be assessed on its merits.
Return of Assignments
Lecturer’s aim to mark and return assignments to students within two (2) weeks of the due date with written feedback. Students are responsible for collecting their marked assignments from the postgraduate hub. If assignments aren’t collected after two (2) weeks, it will be posted out to the students, only if the correct mailing addresses are on the assignments.Course Grading
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through .
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Student Feedback
The 最新糖心Vlog places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the 最新糖心Vlog to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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Student Support
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
- Careers Services
- Library Services for Students
- LinkedIn Learning
- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
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Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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Fraud Awareness
Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student鈥檚 disciplinary procedures.
The 最新糖心Vlog of Adelaide is committed to regular reviews of the courses and programs it offers to students. The 最新糖心Vlog of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.