Lecture 1 Introduction
ACCG350 Financial Statement Analysis
Semester 1, 2013 Lecture Notes Week 1 Introduction, Management Communication and Corporate Governance (Chapter 1 & 12) By Charlene Chen
1
Lecture Outline
• Introduction: Unit Guide
– Assessment – How to study
• Overview of Financial Statement Analysis (FSA) • Communication with Investors • Introduction of Corporate Governance
2
Unit Guide
• Textbook
– Business Analysis and Valuation, 1st AsiaPacific edition, by Palepu, Healy, Bernard, Wright, Bradbury and Lee
• Teaching Staff
– – – – – – Unit Convenor/Lecturer: Charlene Chen Lecturer: Meiting Lu Lecturer: Philip Sinnadurai Tutor: Brian Millanta Tutor: Guillaume Babille Tutor: Ka Wai (Stanley) Choi
• Enquiries: sent to ACCG350@mq.edu.au ONLY
3
Unit Guide (cont’d)
• Assessments:
– Assessed coursework 15%
• 10% weekly tutorial assignment (2.5%*4’, randomly collect) • 5% in-class exercises (5%*2’, the best result counts)
– Group Assignment 25%
• 5% presentation (week 8 & 9) • 20% report (due by 4 pm Thursday, 23rd May)
– Final Exam 60%
• 3 hours duration, both calculative and theory questions
• For further information, please refer to Unit Guide and Assessment Guide
4
Introductory comments on how to study
• Read Unit Guide for details of assessment regime. • Lecture Notes are only a guide. • Focus is often on process (interpretation and argumentation), rather than a “correct answer”. • Much of delivery is directed at the major assignment, as well as final exam.
5
Introductory comments on how to study [cont’d]
• Revision from AFIN253/252. The most important topics to revise are as follows:
– – – – – Risk and return Valuation of equity Cost of capital and WACC Capital market efficiency You will need to revise capital market efficiency for yourselves.
6
Key Points this week
• • • • Role of Financial Statement Process of Business Analysis Channels of Management Communication Corporate Governance Mechanism
7
How
Semester 1, 2013 Lecture Notes Week 1 Introduction, Management Communication and Corporate Governance (Chapter 1 & 12) By Charlene Chen
1
Lecture Outline
• Introduction: Unit Guide
– Assessment – How to study
• Overview of Financial Statement Analysis (FSA) • Communication with Investors • Introduction of Corporate Governance
2
Unit Guide
• Textbook
– Business Analysis and Valuation, 1st AsiaPacific edition, by Palepu, Healy, Bernard, Wright, Bradbury and Lee
• Teaching Staff
– – – – – – Unit Convenor/Lecturer: Charlene Chen Lecturer: Meiting Lu Lecturer: Philip Sinnadurai Tutor: Brian Millanta Tutor: Guillaume Babille Tutor: Ka Wai (Stanley) Choi
• Enquiries: sent to ACCG350@mq.edu.au ONLY
3
Unit Guide (cont’d)
• Assessments:
– Assessed coursework 15%
• 10% weekly tutorial assignment (2.5%*4’, randomly collect) • 5% in-class exercises (5%*2’, the best result counts)
– Group Assignment 25%
• 5% presentation (week 8 & 9) • 20% report (due by 4 pm Thursday, 23rd May)
– Final Exam 60%
• 3 hours duration, both calculative and theory questions
• For further information, please refer to Unit Guide and Assessment Guide
4
Introductory comments on how to study
• Read Unit Guide for details of assessment regime. • Lecture Notes are only a guide. • Focus is often on process (interpretation and argumentation), rather than a “correct answer”. • Much of delivery is directed at the major assignment, as well as final exam.
5
Introductory comments on how to study [cont’d]
• Revision from AFIN253/252. The most important topics to revise are as follows:
– – – – – Risk and return Valuation of equity Cost of capital and WACC Capital market efficiency You will need to revise capital market efficiency for yourselves.
6
Key Points this week
• • • • Role of Financial Statement Process of Business Analysis Channels of Management Communication Corporate Governance Mechanism
7
How