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Financial Statement Analysis

871 words - 4 pages

Course Goals and Learning Objectives: The goal of this course is to provide students a practitioner’s perspective on financial statement analysis. The course will emphasize thinking beyond the text and will focus to how to critically examine financial statement information and management representations. The course will primarily focus on financial statements prepared in accordance with US GAAP, however differences between US GAAP and IFRS will be outlined and examined. The class will be taught using a combination of lectures, class discussions and real-world case studies. In order to maximize our time together, students are expected to read the assigned chapters and complete the case ...view middle of the document...

Students will conduct a comprehensive analysis of the selected company. Additionally students must identify a minimum of two and a maximum of four direct or indirect competitors to the subject company. After conducting the analysis, students must make an investment recommendation regarding the subject company relative to its direct or indirect competitors. Mid-Term Exam (Exam 1): Exam 1 will cover the lecture material and subjects explored in case studies during the first three weeks of class. Prepare for a mix of multiple choice and short answer questions (2/3rds of the exam) along with short essay response questions (1/3rd of the exam). A study session will be scheduled during Week 3 of the course. Final Exam: The Final Exam will cover the lecture materials and subjects explored in case studies during the entire course. The Final Exam will be a mix of multiple-choice questions and written response questions, along with some case-study type exercises. A study session will be scheduled ruing Week 6 of the course.

Course Outline
Week 1: Monday/Wednesday July 8th and July 10th Lecture topics: Outlining the four steps in Financial Statement Analysis and Valuation Understanding a company and its operating environment The connection between business activities and financial statements Required Reading: Chapter 1 – Framework for Analysis and Valuation Chapter 2 – Overview of Business Activities and Financial Statements Case work: General Mills Inc. –Understanding Financial statements DUE on Wednesday July 17th Week 2: Monday/Wednesday July 15th and 17th Lecture topics: Revenue recognition Expense recognition Taxes The impact of foreign currency Earnings per share Introduction to earnings quality 2|Page

Required reading: Chapter 5 – Revenue Recognition and Operating Income Chapter 6 – Asset Recognition...

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