OUR ACADEMIC DEPARTEMENTS |
Lesson details
ADVANCED FINANCIAL STATEMENT ANALYSIS | |||
2018-2019 | EnIESEG School of Management
(
IÉSEG
)
| ||
Class code : | 1819-IÉSEG-M1S1-FIN-MA-PI79UE | FINANCE |
Level | Year | Period | Language of instruction |
---|---|---|---|
Master | 1 | S1 | EnEnglish |
Academic responsibility | N.POLOUNOVSKY |
---|---|
Lecturer(s) | Nicolas Polounovsky |
- This class exists in these courses :
- IÉSEG > IESEG Degree - Programme Grande École > Semester 1 > 2,00 ECTS
- IÉSEG > IESEG Degree - Programme Grande École > Semester 2 > 2,00 ECTS
Prerequisites
Understanding of the 3 main fiancial statements (ICS, BS, CFS): how they are prepared, what they contain, and what their content means
Basic accounting knowledge
Basic understanding of corporate finance and the funding of the firm
Basic knowledge of commonly used financial analysis tools and concepts: growths, margins, profitability, working capital, net debt, …
Basic understanding of what consolidation means and implies; constitues a substantial advantage in this course
Learning outcomes
At the end of the course, the student should be able to :
Navigate through a standard IFRS registration document / annual report - understand the meaning and relevance of the content displayed, and know where to find specific information
Understand the link/ties that bring the 3 main financial statements together
Prepare and present financial statements/financial data in a clear, readable and analysable format
Assess properly presented and formatted financially data
Identify key areas of questioning based on the previous assessment
Identify / Suggest the potential causes behind the areas of questioning; the level of certainty depending on effectively available data and/or information
Use the Registration Document and all publically available information to find answers to the questions raised by the quantitative analysis
Understand and suggest what the previous findings mean for the future
Course description
Financial information and accounting standards
Income Statement and business profitability
Balance Sheet structure and cash equation
Balance Sheet (BS) and shareholder profitability
Cash Flow Statement (CFS) analysis
Liquidity and solvency, financial debt analysis
Operating working capital analysis and management
Class type
Class structure
Type of course | Numbers of hours | Comments | |
---|---|---|---|
Independent study | |||
Estimated personal workload | 10,00 | ||
Face to face | |||
lecture | 16,00 | ||
Independent work | |||
Reference manual 's readings | 16,00 | ||
Total student workload | 42,00 |
Teaching methods
- Case study
- Project work
Assessment
The course assessment is primarily based on a Group Project that is prepared during the 2 weeks that follow the intensive course; students assemble in groups of 4 or 5 and perform an exhaustive financial analysis of a company based on the methodology used in class
Type of control | Duration | Number | Percentage break-down |
---|---|---|---|
Continuous assessment | |||
Participation | 0,00 | 0 | 20,00 |
Others | |||
Group Project | 0,00 | 0 | 80,00 |
TOTAL | 100,00 |
Recommended reading
- "Corporate Finance, Theory and Practice", Vernimmen / Quiry -
* This information is non-binding and can be subject to change