Topics: Financial statements, Financial statement analysis, Valuation Pages: 8 (1949 words) Published: August 11, 2013
ANU College of Business and Economics Mail Building 26C Australian National University Canberra ACT 0200 Room 2.01 (Level 2) ANUCBE Building 26C 1300 732 120 (local call cost only) +61 2 6125 3807 02 6125 0744 +61 2 6125 0744

School of Accounting & Business Information Systems Building 21 Australian National University Canberra ACT 0200 Room 2037 (Level 2) Hanna Neumann Building 21 02 6125 0025 +61 2 6125 0025 02 6125 4310 +61 2 6125 4310

Student Office Phone: Within Australia International Fax: Within Australia International Email:

Research School of Accounting and Business Information Systems Course Outline BUSN7036 Financial Statement Analysis Course Outline - Semester 2, 2013 1. Staff
E-mail Room number Phone Consultation Times

Course Coordinator: Dr Mark Wilson Hanna Neumann 1030 61253659 Tue 11am1pm Thu 1.30 2.30pm TBA

Other staff: Lilly (Lijuan) Zhang

Rm 3.19 Bldg 26C


Course Administrators:

2037 Hanna Neumann Bld 21

6125 0025 6125 7968

9am – 5pm Monday Friday

CRICOS Provider No. 00120C

2. Course Description
This is an intermediate course which examines the analysis of financial information presented in firms’ financial reports and other related sources. The course comprises three related sections: fundamental analysis; valuation; and, the application of fundamental analysis and valuation techniques to a variety of specific decisions. Fundamental analysis involves answering questions such as: how is the firm performing? how might the firm perform in the future? What risks does the firm face? In addressing these issues particular attention is paid to the impact of financial reporting choices on the relation between reported earnings and firms’ underlying economic performance. Valuation describes the methods by which our expectations of firms’ future performance may be converted to a present day value of the firm’s assets, and the various financial claims on those assets. The final section of the course provides an introductory coverage to issues such as equity security analysis and credit analysis, with a strong emphasis on the use of financial statement data for these purposes.

3. Learning Outcomes
On successful completion of the course you should be able to: 1. Describe and apply the basic techniques of financial statement analysis (FSA); 2. Explain the relationship between strategic business analysis, accounting analysis and financial analysis; 3. Identify and utilise value-relevant information contained within financial statements; 4. Recognise and explain the fundamental role of accounting numbers in the valuation of entities and the key financial claims on these entities assets (equity and debt securities); 5. Explain the impact of financial reporting choices on the usefulness of reported earnings to predict future performance; 6. Prepare a written analysis of a listed company, which incorporates and synthesises the strategic, accounting and financing techniques covered in the course; 7. Conduct applied business research (including locating, critically interpreting and evaluating firmspecific financial information). 8. Work effectively in a team environment

4. Prerequisites or Assumed Knowledge
BUSN7008 Financial Statement and Reporting (or equivalent introductory accounting course)

The following course (or equivalent) is a co-requisite FINM7006 Foundations of Finance.

5. Textbooks and Materials
Palepu, K. G., P. M. Healy, V. Bernard, S. Wright, M. Bradbury, P. Lee, Business Analysis and Valuation Using Financial Statements: Text and Cases, Asia Pacific Edition, Cengage Learning, 2010. Additional materials, including analyst reports, book chapters and journal articles will be made available via the course website.

6. Technology, Software, Equipment
You will be required to use MS-Word and MS-Excel in completing the...
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