Option
5
6 ECTS
Autumn
None
EC310
Deni Memic
2017
Financial statements analysis and valuation
Analysis of the statement of shareholders’ equity
Analysis of the balance sheet and income statement to reveal profitability
Analysis of the cash flow statement to identify cash generation
Analysis of profitability and growth
Financial forecasting
Converting forecasts to a valuation
Accounting methods and measures of profitability, growth and residual earnings
Fundamental risk analysis
| Type | Number per Term | Duration | Total Time |
|---|---|---|---|
|
Lectures |
15 | 1.5 | 22.5 |
|
Workshops |
5 | 1.5 | 7.5 |
|
Seminars |
5 | 1.5 | 7.5 |
| Tutorials | 5 | 1.5 | 7.5 |
| Total Guided/Independent Learning Hours | 45.0 | ||
| Total Contact Hours | 105.0 | ||
| Total Engagement Hours | 150.0 | ||
| Type | Number Required | Duration / Length | Weighting | Timing / Submission Deadline |
|---|---|---|---|---|
|
Final exam |
1 |
3 hours |
50% |
Week 17 |
|
Mid-term exam |
1 |
2 hours |
20% |
Week 8 |
|
Valuation project and Presentation |
1 |
1000 words 20 minutes |
20% 10% |
Weeks 14-15 |
Intended Learning Outcomes:
Critical understanding of the main aspects of financial performance
evaluate financial statements
Evaluate how various corporate strategies and business models affect the firms’ value
Understanding of the value creation process and the concept of residual earnings
Critical understanding of how financial management affects firms’ value
Understanding differences among major valuation approaches
Teaching and Learning Strategy:
Lectures (ILO: 1-6)
In-class exercises (ILO: 1-6)
Assessment Strategy:
Written exams (ILO: 1-6)
Valuation project (ILO: 4)
Practical Skills:
Analyse corporate financial statements
Interpret equity research reports
Evaluate prices of financial assets
Teaching and Learning Strategy:
Lectures (PS: 1-3)
In-class exercises (PS: 1-3)
Assessment Strategy:
Valuation project (PS: 1-3)
Valuation project (PS: 1-3)
Transferable Skills:
Research Skills
Numerical Skills
Communication Skills
Team working skills
Teaching and Learning Strategy:
Lectures (TS: 1-4)
In-class exercises (TS: 2-3)
Assessment Strategy:
Exams and tests (TS: 2)
Valuation project (TS: 1, 3,4)
Set text
Penman S. H. (2013) Financial Statement Analysis and Security Valuation, 5th Edition, McGraw-Hill
Supplementary Materials
Damodaran, A. (2012) Investment Valuation: Tools and Techniques for Determining the Value of any Asset, Wiley
Hillier, D. (2016) Corporate Finance: European Edition, 3rd Edition, McGraw-Hil
Brealey, R. A., Myers, S. C. & Allen, F. (1970) Principles of Corporate Finance, International Edition, 12th Edition, McGraw-Hill
Walther, L. (2016). Principles of Accounting, http://www.principlesofaccounting.com
Weetman, P. (2016) Financial Accounting: An Introduction, 7/E, Pearson
Elsevier (2017) Journal of Corporate Finance, https://www.journals.elsevier.com/journal-of-corporate-finance/
Please note
This specification provides a concise summary of the main features of the module and the learning outcomes that a typical student might reasonably be expected to achieve and demonstrate if he/she takes full advantage of the learning opportunities that are provided.
More detailed information on the learning outcomes, content and teaching, learning and assessment methods of each module and programme can be found in the departmental or programme handbook.
The accuracy of the information contained in this document is reviewed annually by the University of Buckingham and may be checked by the Quality Assurance Agency.
Date of Production : January 2017
Date approved by School Learning and Teaching Committee:
Date approved by School Board of Study :
Date approved by University Learning and Teaching Committee:
Date of Annual Review:
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