Not available in 2019/20
AC332 Half Unit
Financial Statement Analysis and Valuation
This information is for the 2019/20 session.
This course is available on the BSc in Accounting and Finance. This course is available with permission as an outside option to students on other programmes where regulations permit and to General Course students.
Students must have completed Elements of Accounting and Finance (AC100) or Elements of Financial Accounting (AC102). Accounting Theory and Practice (AC200) is recommended to complement either AC100 or AC102, but not required.
AC332 introduces and develops an economic framework for business analysis and corporate valuation. The main focus is on integrating key concepts of economics, accounting, and finance in order to effectively evaluate the information content of financial reports; develop up-to-date applied knowledge of fundamental valuation techniques; and successfully implement investment strategies.
The aim of the course is to help students to become “sophisticated users” of financial accounting information from a fundamental analysis perspective. Students are expected to develop valuation-related and financial-analysis skills to support the interpretation, evaluation, and use of accounting information from the viewpoint of major users of financial reports (i.e., equity investors, corporate lenders, etc.). Ultimately, students will be able to analyse a wide variety of financial reporting issues and discuss their valuation implications within the context of the relevant academic literature. Students must also be prepared to think critically about ongoing accounting events, controversies and debates.
22 hours of lectures and 10 hours of classes in the LT. 1 hour of lectures and 1 hour of classes in the ST.
The lecture and class in the ST are revision sessions.
Detailed reading lists of books and journal articles will be provided during the course. No one book covers the entire course. Recommended books include Beaver, W.H. (1998), Financial Reporting: An Accounting Revolution, Prentice-Hall; Palepu, K.G., Healy, P.M., Bernard, V.L. and Peek, E. (2013), Business Analysis and Valuation, IFRS Edition, Thomson.
Exam (75%, duration: 2 hours, reading time: 15 minutes) in the summer exam period.
The exam duration is 2 hours and 15 minutes. The first 15 minutes will be reading time.
The details of the coursework will be made available on Moodle nearer the scheduled start time of the course.
Total students 2018/19: Unavailable
Average class size 2018/19: Unavailable
Capped 2018/19: No
Value: Half Unit
Personal development skills
- Team working
- Problem solving
- Application of information skills
- Application of numeracy skills
- Commercial awareness
- Specialist skills