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: 14.09.2021 - 25.10.2021

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Juha-Pekka Kallunki, David Derichs

Contact information for the course (applies in this implementation):

CEFR level (valid for whole curriculum period):

Language of instruction and studies (applies in this implementation):

Teaching language: English. Languages of study attainment: English

CONTENT, ASSESSMENT AND WORKLOAD

Content
  • valid for whole curriculum period:

    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

Assessment Methods and Criteria
  • valid for whole curriculum period:

    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 %)

Workload
  • valid for whole curriculum period:

    - Lectures, 15h

    - Exercises, 6h

    - Independent work, 139h

    - Exam, 3 h

DETAILS

Study Material
  • valid for whole curriculum period:

    Kinserdal, Plenborg & Petersen (2017). Financial Statement Analysis: Valuation - Credit Analysis - Performance Evaluation. Fagbokforlaget. ISBN:9788245021028

    Supplementary material provided by the instructor.

Substitutes for Courses
Prerequisites

FURTHER INFORMATION

Further Information
  • valid for whole curriculum period:

    Teaching Period:

    2020-2021 Autumn I, Spring IV

    2021-2022 Autumn I, Spring IV


    Course Homepage: https://mycourses.aalto.fi/course/search.php?search=22E00100


    Registration for Courses: In the academic year 2021-2022, registration for courses will take place on Sisu (sisu.aalto.fi) instead of WebOodi.

    Please see Sisu for the registration dates.