CORPFIN 7017 - Financial Statement Analysis (M)
North Terrace Campus - Semester 1 - 2015
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General Course Information
Course Details
Course Code CORPFIN 7017 Course Financial Statement Analysis (M) Coordinating Unit Adelaide Business School Term Semester 1 Level Postgraduate Coursework Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange Y Prerequisites COMMERCE 7033, ACCTING 7019 & CORPFIN 7005 Corequisites ECON 7200 Assessment Exam/assignments/tests/tutorial work as prescribed at first lecture Course Staff
Course Coordinator: Professor Alfred Yawson
Lecturer in charge
Name: Professor Alfred Yawson
Location: Room 12.42, 10 Pulteney Street
Telephone: 08 8313 0687
Consultation: Thursdays 2.30-4.30
Email: alfred.yawson@adelaide.edu.au
Course Website:
Teaching assistant
Name: Hui Zhong Zhang (Jodie)
Location: Resource Room, Level 12, 10 Pulteney Street
Consultation time: Tuesdays 3-4pm
Phone: 08 8313 0751
Email: hui.zhang@adelaide.edu.auCourse Timetable
The full timetable of all activities for this course can be accessed from .
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Learning Outcomes
Course Learning Outcomes
By the end of this course students should be able to:
1. Appreciate financial statement analysis as an integral part of the broader framework of business analysis.
2. Perform detailed and practical evaluation of financial statements.
3. Gain knowledge and skills in analysing financial statements for the purpose of business decisions, resource allocation decisions, and individual investment decisions.
4. Develop an understanding of the components of financial statements, and the development of analytical skills for financial and equity analysis.
5. Develop the skills required to forecast accounting numbers and estimate company value.
6. Express well considered opinion on issues relating to financial statements analysis.
7. Develop skills required to work effectively in a group.University Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University Graduate Attribute Course Learning Outcome(s) Knowledge and understanding of the content and techniques of a chosen discipline at advanced levels that are internationally recognised. 1 - 6 The ability to locate, analyse, evaluate and synthesise information from a wide variety of sources in a planned and timely manner. 1 - 6 An ability to apply effective, creative and innovative solutions, both independently and cooperatively, to current and future problems. 1 - 6 Skills of a high order in interpersonal understanding, teamwork and communication. 1 - 7 A proficiency in the appropriate use of contemporary technologies. 1 - 6 A commitment to continuous learning and the capacity to maintain intellectual curiosity throughout life. 1 - 6 A commitment to the highest standards of professional endeavour and the ability to take a leadership role in the community. 1 -7 An awareness of ethical, social and cultural issues within a global context and their importance in the exercise of professional skills and responsibilities. 1 - 7 -
Learning Resources
Required Resources
Subramanyam, K. R. 2014. Financial Statements Analysis, 11th Edition, McGraw-Hill New York.Recommended Resources
Palepu, K. G., Healy, P. M., Bernard, V. L., Wright, S., Bradbury, M., Lee, P. 2015. Business Analysis and valuation using financial statements: Text and cases. South Western, Cengage Learning.
Robinson, T. R., Greuning, H., Henry E. And Broihahn, M. A. 2009. International Financial Statement Analyis, John Wiley & Sons, Inc.
Financial Reporting and Analysis, CFA Program Curriculum, Levels I and II.
Additional reading materials will be provided in the course of the semester.Online Learning
Please check your student email and MyUni as course-related announcements are communicated via email and also posted onto MyUni. -
Learning & Teaching Activities
Learning & Teaching Modes
In this course, we seek to create an interesting, challenging, relevant, and engaging education experience. To help achieve this objective we have a number of teaching aims:
Create a climate of engagement, dialogue and ongoing feedback between students and lecturers regarding the content, teaching strategies, learning experiences and outcomes
Cater for a variety of learning preferences and abilities by providing a range of learning activities and teaching methods
Develop independent learning skills and create an environment that both provides structure and guidance as well as encouraging students to extend their learning
Teaching strategies
This course is a combination of formal lectures and tutorials (problem solving classes). The lectures are used to explain concepts and to give real life examples of situations in which these concepts are used. The tutorials are for problem-solving and discussion of issues raised in the lectures. All tutorial questions are from end of chapter exercises in Subramanyam and Wild. There is an expectation that students will engage in additional readings, as well as the required text. In all classes, students are encouraged to ask questions if there is material that they do not understand.
TUTORIALS
Tutorial classes will be held weekly commencing the second week of the semester. Membership of tutorial classes is to be finalised by the end of the second week of semester. Students wishing to swap between tutorial classes after this time are required to present their case to the Lecturer-in-Charge, but should be aware that such a request may not be approved.
Tutorials are an important component of your learning in this course. The communication skills developed in tutorials by regularly and actively participating in discussions are considered to be most important by the School and are highly regarded by employers and professional bodies.Workload
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
The University expects full-time students (i.e. those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This means that you are expected to commit approximately 9 hours for a three-unit course or 13 hours for a four-unit course, of private study outside of your regular classes.
Students in this course are expected to attend all lectures throughout the semester plus one tutorial class each week.Learning Activities Summary
LECTURE SCHEDULE
Week Date Chapter Topic 1 5 March 1 & 2 Overview of financial statement analysis 2 12 March 3 Analyzing financing activities 3 19 March No Lecutures No lectures 4 26 March 4 Analyzing investing activities 5 2 April 5 Analyzing investing activities - inter-corporate investments 6 9 April Class test Class test 7 30 April 6 Analyzing operating activities 8 7 May 7 Cash flow analysis 9 14 May Performing accounting adjustments - Qantas 2010 10 21 May 8 Return on invested capital and profitability analysis 11 28 May 10 Credit analysis 12 4 June 11 Equity analysis and valuation
Tutorial SCHEDULEWeek Chapter Questions 1 No tutorials No tutorial 2 1 & 2 Ex. 1-1; Prob 1-11; Cases 1-2 & 1-4; Ex. 2-2; Prob. 2-17 3 No tutorials No tutorial 4 3 Ex. 3-13; Prob. 3-2 & 3-5; Case 3.5. 5 4 Ex. 4-1, 4-6 & 4-7; Prob. 4-8; Case 4-3 6 No tutorials No tutorials 7 5 Ex. 5-1 & 5-5; Prob. 5-1, 5-4 & 5-6 8 6 Ex. 6-2; Prob 6-5; Case 6-4 9 7 Ex. 7-10; Cases 7-2 & 7-3 10 Performing accounting adjustments - Qantas 2010 11 8 Ex. 8-6 & 8-9; Case 8-1 12 10 Ex. 10-4; Prob. 10-5; 10-13; 10-16 13 11 Ex. 11-3 & 11-5; Case 11-2 -
Assessment
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment Summary
Assessment Due Date and time Weighting Related Learning
OutcomeClass Test* Week 6: Lecture time 15% 1 - 6 Group Assignment** 11 June, 2015, 4pm 25% 1 -7 Final Exam 3 hours - closed
book exam***Examination period 60% 1 - 6 Total 100%
Details of each assessment component will be discussed in class and posted onto the subject webpage.
Assessment Related Requirements
The following additional conditions apply:
- To gain a pass in this course, a mark of at least 50% must be obtained in the final examination as well as a total of at least 50% overall. Students who fail to achieve the minimum examination mark will be awarded no more than 49%.
- Legible handwriting and the quality of English expression are considered to be integral parts of the assessment process. You may lose some marks in the examination due to poor handwriting.
- Students in this course are not permitted to take a dictionary (English or English-Foreign) into the examination.
- The use of non-programmable calculator is permitted in this course.
Assessment Detail
*The class test will be held during lecture hours in week 6. It will cover lecture materials from Weeks 1 and 2 (Chapters 1, 2 and 3) and the corresponding tutorials. It will be a closed book exam.
**Detailed information on the group assignment will be discussed in class. A sample assignment will be placed on the subject website.
***The final examination will be a 3 hour closed book exam and will be held during the examination period.Submission
Notes on Assessment
1. All set work including assignments and class test must be provided by the due date and must be genuine attempts, to complete the course.
2. Legible hand-writing and the quality of English expression are considered to be integral parts of the assessment process. You may lose some marks in the class test and final examination because of poor hand-writing.
3. Assessment marks prior to the final exam will be displayed on MyUni. Students are encouraged to check their marks and notify the lecturer-in-charge of any discrepancies.
Presentation of Assignments
1. Please must retain a copy of all assignments submitted.
2. Please attach an ‘Assignment Cover Sheet’, which is signed and dated by you before submission.
3. All group assignments must be attached to a ‘Group Assignment Cover Sheet’, which must be signed and dated by all group members before submission. All team members are expected to contribute approximately equally to a group assignment.
Lecturers can refuse to accept assignments, which do not have a signed acknowledgement of the University’s policy on plagiarism.
Assignment Guidelines including Referencing Details
A copy of the Postgraduate Programs: Communication Skills Guide will have been given to you at the beginning of your program. This guide will assist you structure your assignments. A copy of the guide can also be downloaded from
This publication also provides guidelines on a range of other important communication skills including writing essays and management reports, making oral presentations etc.
In preparing any written piece of assessment for your postgraduate studies it is important to draw on the relevant ‘literature’ to support critical analysis. Also essential is to reference the literature used. Correct referencing is important because it identifies the source of the ideas and arguments that you present, and sometimes the source of the actual words you use, and helps to avoid the problem of plagiarism. (Further information on plagiarism is provided later in this course outline.)
The Harvard system is widely used in the Business School. Guidelines for the use of this style of referencing can be found in the Communication Skills Guide.
Further assistance with referencing is available from the Faculty’s Learning Support Advisors. The contact details are provided on page 6 of the Communication Skills Guide.
Late Assignment Submission
Students are expected to submit their work by the due date to maintain a fair and equitable system. Extensions will generally only be given for medical or other serious reasons. All requests for extensions must be emailed to the lecturer in charge of the course before the due date. Each request will be assessed on its merits.
Return of Assignments
Lecturer’s aim to mark and return assignments to students within two (2) weeks of the due date with written feedback. Students are responsible for collecting their marked assignments from the postgraduate hub. If assignments aren’t collected after two (2) weeks, it will be posted out to the students, only if the correct mailing addresses are on the assignments.
Replacement/Additional Assessment (R/AA)
Illness
1. Anyone who cannot submit a major assignment/sit an examination due to illness must submit the appropriate 成人大片 form.
2. Normal doctor’s certificates alone do not have to be accepted.
3. An application must be accompanied by the form downloaded from:
Compassionate Grounds
For a replacement examination on compassionate grounds refer to:
Academic grounds
To qualify for Academic supplementary Assessment students must achieve a total mark of at least 45%.Course Grading
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through .
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Student Feedback
The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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Student Support
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
- Careers Services
- Library Services for Students
- LinkedIn Learning
- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
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Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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Fraud Awareness
Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student鈥檚 disciplinary procedures.
The 成人大片 is committed to regular reviews of the courses and programs it offers to students. The 成人大片 therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.