This module is not currently running in 2024 to 2025.
This module deals with the interpretation of financial statements, valuation models and implications of market based accounting research.
Indicative topics are:
- A framework for business analysis and valuation;
- Financial analysis/ratio analysis;
- Valuation theory and concepts;
- Quality of earnings;
- Security analysis;
- Credit analysis and financial distress prediction;
- Mergers and acquisitions.
Total contact hours: 36
Private study hours: 114
Total study hours: 150
Main assessment methods:
Group Presentation (20%)
Essay (2000 words) (20%)
Final Report (5000 words) (60%).
Reassessment method:
100% coursework
Barker, R. (2001) Determining Value: valuation models and financial statements, Harlow: Pearson
Kim, K.A and Nofsinger, J.A. (2004) Corporate Governance, 2nd edn, New Jersey: Pearson Prentice Hall
Palepu, K.G, Healey, P.M and Peek, E. (2013), Business Analysis and Valuation. 3rd edn. IFRS Edition, Text and Cases, London: Thompson
White, G.I., Sondhi, A.C and Fried, D. (2003) The Analysis and Use of Financial Statements, 3rd edn, International edition, New Jersey: Wiley
See the library reading list for this module (Canterbury)
The intended subject specific learning outcomes.
On successfully completing the module students will be able to:
- Understand and use different valuation models to value companies.
- Analyse the annual reports and accounts of companies.
- Make critical comment on the role and usefulness of financial statements in company valuation.
- Extract, analyse and interpret corporate accounting and financial data from multiple sources.
- Understand the impact of credit analysis/debt rating in corporate financing.
- Value companies at the time of mergers/acquisitions
- Understand the implications of market-based accounting research for financial statement analysis.
The intended generic learning outcomes.
On successfully completing the module students will be able to:
- Develop practical skill on the use of financial information for the valuation of a company.
- Develop ability to compute and interpret different financial ratios.
- Develop a framework to assess the usefulness of financial information in making a decision.
- Develop ability to plan, work and study independently.
- Develop ability to critically evaluate the usefulness of annual reports and accounts for the analysis of a company.
- Write a research report from the analysis of financial information reported by the companies in their annual reports and accounts.
- Develop ability to analyse and evaluate financial statements reported by the companies.
- Develop ability to work in a group environment through group assignment
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