Undergraduate Course: Financial Statement Analysis (ACCN10023)
Course Outline
| School | Business School |
College | College of Humanities and Social Science |
| Course type | Standard |
Availability | Available to all students |
| Credit level (Normal year taken) | SCQF Level 10 (Year 3 Undergraduate) |
Credits | 20 |
| Home subject area | Accounting |
Other subject area | None |
| Course website |
None |
Taught in Gaelic? | No |
| Course description | The course will allow students to develop an understanding of the conduct of financial statement analysis, the application of theory in financial statement analysis and current and formative issues in financial statement analysis.
Foundational concepts: pertinent theoretical issues relating to financial analysis including market structure, information asymmetry, corporate strategy, behavioural finance, efficient markets hypothesis, portfolio theory. Strategies employed by the investment profession, financial statements and financial statement analysis as rhetorical constructions.
Model use and development: critical appraisal of value and risk modelling techniques, developing "what-if?" accounting models. Acquisition and construction of information: performance and state ratios, use of conventional and novel accounting-based performance metrics. |
Information for Visiting Students
| Pre-requisites | Students must have passed Principles of Finance (BUST08003) AND Accountancy 2A (ACCN08009) AND Accountancy 2B (ACCN08010) equivalents.
Visiting students should have at least 3 Business/Accountancy related courses at grade B or above (or be predicted to obtain this). We will only consider University/College level courses.
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| Displayed in Visiting Students Prospectus? | Yes |
Course Delivery Information
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| Delivery period: 2014/15 Semester 1, Available to all students (SV1)
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Learn enabled: Yes |
Quota: None |
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Web Timetable |
Web Timetable |
| Course Start Date |
15/09/2014 |
| Breakdown of Learning and Teaching activities (Further Info) |
Total Hours:
200
(
Lecture Hours 20,
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
176 )
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| Additional Notes |
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| Breakdown of Assessment Methods (Further Info) |
Written Exam
70 %,
Coursework
15 %,
Practical Exam
15 %
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| Exam Information |
| Exam Diet |
Paper Name |
Hours & Minutes |
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| Main Exam Diet S2 (April/May) | | 2:00 | |
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| Delivery period: 2014/15 Semester 1, Part-year visiting students only (VV1)
|
Learn enabled: No |
Quota: None |
|
Web Timetable |
Web Timetable |
| Course Start Date |
15/09/2014 |
| Breakdown of Learning and Teaching activities (Further Info) |
Total Hours:
200
(
Lecture Hours 20,
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
176 )
|
| Additional Notes |
|
| Breakdown of Assessment Methods (Further Info) |
Written Exam
0 %,
Coursework
85 %,
Practical Exam
15 %
|
| No Exam Information |
Summary of Intended Learning Outcomes
Subject specific skills: development of a critical approach to the consumption of financial accounting and to the construction of financial statement analyses, the application of rhetorical techniques by corporate management in their presentation of financial accounting. The use of a variety of model types in analysis and the further development of models. Articulation of the forms of information required and the development of appropriate novel metrics. On completion of this course students should be able to conduct useful financial statement analysis.
Knowledge and Understanding: on completion of this course students will understand the theoretical underpinnings of the subject area but will also gain an appreciation of the principal theoretical inconsistencies that arise. They will also develop an understanding of the political nature of accounting information generation and interpretation. Working in groups, students will undertake several analyses themselves which they will present to their peers and to the course instructor and will gain a practice based understanding of the analysis process.
Cognitive Skills: students will develop critical and reflective understanding of the analysis of accounting narrative and will also develop skills in model design. Students will also be required to assimilate the, sometimes paradoxical, theories of different theoretical schools.
Key skills: critical analysis, model development, rhetorical analysis, an understanding of the impact of strategic decision making on financial accounting outcomes, the role of novel information in the investment/disinvestment decision.
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Assessment Information
The course will be assessed by means of a group presentation of a group-work analysis case counting for 30% of the overall marks awarded. For the final examination (70%) students will be examined on an individual basis (based on a case study).
Visiting Student Variant Assessment:
The course will be assessed by means of a group presentation of a group-work analysis case counting for 30% of the overall marks awarded and an individual case study of approximately 2,500 words will account for the remaining 70%. |
Special Arrangements
| None |
Additional Information
| Academic description |
Not entered |
| Syllabus |
Not entered |
| Transferable skills |
Not entered |
| Reading list |
Not entered |
| Study Abroad |
Not entered |
| Study Pattern |
Not entered |
| Keywords | FSA |
Contacts
| Course organiser | Ms Tatiana Rodionova
Tel: (0131 6)50 3789
Email: |
Course secretary | Miss Jen Wood
Tel: (0131 6)50 8335
Email: |
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