Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.
LEARNING OUTCOMES
This course is intended for students interested in financial statement analysis. After completing the course, students understand the underlying theory of financial analysis and valuation. They can assess the profitability and risk of a company using financial statement ratios and other analytical tools. They have knowledge and skills needed in analyzing financial statements in various decision-making situations. In particular, they can answer to the important question: “what is this company really worth?"
Credits: 6
Schedule: 01.03.2021 - 14.04.2021
Teacher in charge (valid 01.08.2020-31.07.2022): Henry Jarva
Teacher in charge (applies in this implementation): Henry Jarva
Contact information for the course (valid 28.02.2021-21.12.2112):
Henry Jarva (henry.jarva@aalto.fi)
CEFR level (applies in this implementation):
Language of instruction and studies (valid 01.08.2020-31.07.2022):
Teaching language: English
Languages of study attainment: English
CONTENT, ASSESSMENT AND WORKLOAD
Content
Valid 01.08.2020-31.07.2022:
1. Understanding the Business
2. Accounting Analysis
3. Financial Ratio Analysis
4. Cash Flow Analysis
5. Forecasting
6. Cost of Capital
7. Firm Valuation
8. Valuation Ratios
9. Accounting Flexibility and Earnings Quality
Applies in this implementation:
Please see MyCourses pages.
Assessment Methods and Criteria
Valid 01.08.2020-31.07.2022:
1. Exam (60 %)
2. Assignments (40%)
Exception: For online course in autumn 2020:
1. Exam (40 %)
2. Exercises (15 %)
3. Report (35 %)
4. Peer Evaluation of report (10 %)Applies in this implementation:
Exception for the online course in spring term 2021:
1. Exam (40 %)
2. Exercises (15 %)
3. Report (35 %)
4. Peer Evaluation of report (10 %)
Workload
Valid 01.08.2020-31.07.2022:
- Lectures, 15h
- Exercises, 6h
- Independent work, 139h
- Exam, 3 h
Applies in this implementation:
Please reserve enough time for preparing the analyst report and then on the subsequent assessment work.
DETAILS
Study Material
Valid 01.08.2020-31.07.2022:
Kinserdal, Plenborg & Petersen (2017). Financial Statement Analysis: Valuation - Credit Analysis - Performance Evaluation. Fagbokforlaget. ISBN:9788245021028
Supplementary material provided by the instructor.
Applies in this implementation:
Please see course pages for further information.
Prerequisites
Valid 01.08.2020-31.07.2022:
Introduction to Financial Accounting (22C00100), Financial Accounting (22C00400).
FURTHER INFORMATION
Details on the schedule
Applies in this implementation:
Due to the COVID-19 situation, all lectures will be online via Zoom. Please use this link to participate online lectures:
https://aalto.zoom.us/j/68030844830
Schedule for lectures:
Mon 1.3. at 12:15-14:00
Wed 3.3 at 12:15-14:00
Mon 8.3 at 12:15-14:00
Wed 10.3 at 12:15-14:00
Wed 17.3 at 12:15-14:00
Wed 24.3 at 12:15-14:00
Wed 7.4 at 12:15-14:00
- Opettaja: Jarva Henry