22E00100 - Financial Statement Analysis, Lecture, 2.9.2024-14.10.2024

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 of publicly listed companies. After completing the course, students are able to apply the underlying theory of financial analysis and valuation. They can evaluate 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, including ESG performance. In particular, they can answer to the important question: what is this company 'really' worth?

Credits: 6

Schedule: 02.09.2024 - 14.10.2024

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Roope Keloharju

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

    10. ESG measurement/performance and firm valuation

Assessment Methods and Criteria

  • valid for whole curriculum period:

    1. Exam
    2. Exercises
    3. Group course project
    4. Peer Evaluation of course project

Workload

  • valid for whole curriculum period:

    Lectures (live or pre-recorded)
    Group Assignments
    Group Course Project
    Independent Study based on the module requirements (could be substituted with longer lectures/tutorials and will be announced)
    Exam

    The exact distribution of hours will be announced on the MyCourses Page.

DETAILS

Study Material

  • valid for whole curriculum period:

    Plenborg, Kinserdal (2020). Financial Statement Analysis: Valuation - Credit Analysis - Performance Evaluation. Fagbokforlaget. ISBN:9788245034240

    All editions of the book are fine.

    Supplementary material provided by the instructor.

Substitutes for Courses
Prerequisites
SDG: Sustainable Development Goals

    8 Decent Work and Economic Growth

    11 Sustainable Cities and Communities

FURTHER INFORMATION

Further Information

  • valid for whole curriculum period:

    Teaching Language: English

    Teaching Period: 2024-2025 Autumn I
    2024-2025 Spring IV
    2025-2026 Autumn I
    2025-2026 Spring IV

    Registration:

    Registration for courses in Sisu.

Rules of Conduct - Students´ Rights and Responsibilities (in force from 1 August 2020)

Aalto University Code of Academic Integrity and Handling Violations Thereof