FINANCIAL STATEMENT ANALYSIS

FIN3FSA

Not currently offered

Credit points: 15

Subject outline

In this subject, you will examine financial statement analysis from the point of view of the primary users: equity and credit analysts. You7 will gain an understanding of how financial statements are constructed in order to separate the economic process that generates the numbers from the accounting process that at times obfuscates them. Each topic is focussed on a specific area of analysis and the effect of differences in accounting methods and estimates on reported financial conditions, results of operations and financial ratios is highlighted. International accounting differences are discussed and relevant empirical research findings are considered.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorKok-Boon Oh

Available to Study Abroad StudentsYes

Subject year levelYear Level 3 - UG

Exchange StudentsYes

Subject particulars

Subject rules

Prerequisites ACC1AMD and FIN1FOF

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsInternational Financial Statement Analysis (third edition)PrescribedRobinson, T.R., Henry, E. & Pirie, W.L. (2015)Somerset: Wiley.ISBN9781119029748
ReadingsInternational Financial Statement Analysis Workbook (third edition)PrescribedRobinson, T.R., Henry, E. & Pirie, W.L. (2015)Somerset: Wiley.
ReadingsThe Analysis and Use of Financial Statements. 3rd EditionRecommendedWhite G. I., Sondhi A. C. and Fried D.ISBN9781119029717

Graduate capabilities & intended learning outcomes

01. Develop an understanding of the accounting, financial and economic theory on which the practice of financial analysis is founded.

Activities:
Individual assignment; group activity; final exam

02. Analyse the differences which exist between accounting standards and their application in different countries, in particular the difference between US GAAP and IASB GAAP.

Activities:
Individual assignment; group activity; final exam

03. Develop the practical skills to collect, manage, and deconstruct a company#s financial statements so as to extract meaningful information to guide relevant decisions.

Activities:
Individual assignment; group activity; final exam

04. Draw professional and empirical conclusion pertaining to the actual financial health of a company and the implication of such financial state for a broad range of stakeholders

Activities:
Individual assignment; group activity; final exam

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