Office hours: 11:00-13:00, Tuesday and 12:00-14:00, Thursday and by appointment
The purpose of this course is to teach students how to evaluate company’s performance and health through reading and analyzing the financial statements prepared by the management.
This course helps students to analyze company’s financial statements filed by the management. This course will help students to analyze company financial statements and reveal their true value or condition.
This course is designed to help you understand and interpret financial statements and to value firms. Much of the analysis is general but the course focuses on financial statements of publicly traded corporations.
At the end of this course the students will be able to:
Required Reading Material:
Gibson, Charles, “Financial Reporting and Analysis: Using Financial Accounting Information”, 13th Edition, Cengage 2013
Palepu, Krishna G., and Paul M. Healy,, “Business Analysis & Valuation: Using Financial Statements, Text and Cases”, 4th Edition South-Western Publishing 2008.
Other materials will be given during the course
|Session||Date||Chapters: Please read before coming to class the following assigned chapters.||Assignment to be Submitted for Grading in the following Session|
|1||October 14||Ch1. Introduction to Financial Reporting||Presentation and Discussion|
|2||October 21||Ch2. Introduction to Financial Statements and Other Financial Reporting Topics||Presentation and Discussion
|3||October 28||Ch3. Balance Sheet Analysis||Presentation and Discussion
|4||November 04||Ch4. Income Statement Analysis||Presentation and Discussion
|5||November 11||Ch5. Basics of Analysis||Presentation and Discussion
|6||November 18||Ch6. Liquidity of Short-Term Assets; Related Debt-Paying Ability||Presentation and Discussion|
|7||November 25||Mid-term Exam|
|8||December 02||Ch7. Long-Term Debt-Paying Ability||Presentation and Discussion|
|9||December 09||Ch8. Profitability||Presentation and Discussion
|10||December 16||Ch10. Statement of Cash Flows Summary Analysis: Nike, Inc.||Presentation and Discussion
|Makeup #8 ??||23.12.2015 (Wed) – 04.01.2016 (Mon.)||Christmas Recess|
|11||January 06||Ch9. For the Investor||Presentation and Discussion|
|12||January 13||Ch11. Expanded Analysis||Presentation and Discussion|
|13||January 20||Ch12. Special Industries: Banks, Utilities, Oil and Gas, Transportation, Insurance, Real Estate Companies||Presentation and Discussion
|14||January 27||General Review||Presentation and Discussion|
|15||February 03||Final exam|
* The instructor reserves the right to make appropriate alternation of the above tentative schedule
Attendance is mandatory.
If a student is absent for more than 20% of the course (i.e. 12 hours) then a grade of “F” will automatically be awarded. An excused absence must be discussed with the instructor before (when possible) the lecture session to be missed, or immediately upon the student’s return to the following class session.
The class lecture sessions are an integral part of the student’s learning experience and are essential for the students to obtain a mastery of the course material.
Active Participation in class and Assignment are an integral part of the grading system.
Students are advised to read the assigned Chapter before coming to the class. During each class students will be asked to comment on the relevant case studies related to that chapter. The assignments should be submitted within the deadline assigned by the instructor. No late assignment will be accepted unless rare instances in which case no full grade will be granted.
There are no make-up or grade –improvement projects available in this class. It is necessary that you take both exams in order to receive a grade in this course. In no case, will a make-up exam be given prior to exam days, and only in very rare instances, will a make-up exam will be allowed after a mid-term exam. There will be no make-up exam for the Final Exam.
Appropriate class participations
At a beginning of each class students will be asked to discuss and comment on the relevant articles related to financial statement analysis and accounting. The evaluation of articles discussion will go toward the appropriate class participations.
Homework and quizzes
You will be assigned homework throughout the semester to further enhance your learning. The Homework will come from the questions that I will send you after each class. You will be graded on having the homework completed and turned in on time. Homework should be submitted on the day indicated in the schedule. Late homework will not receive credit unless arrangements are made. Answers should be individual.
In class quizzes will occur in certain class session, starting from the second week of the semester. They will be based on the textbook chapter covered on the prior classes. Quizzes will usually occur at the beginning of class.
There will be a Group Project / Presentation in this course that students are expected to complete through –out the course. Students will be divided in Groups of 2.
Your grade will be based on the following:
Total Points: 100%
Grading Scale will be determined as follows:
|Letter Grade||Percent (%)||Generally Accepted Meaning|
|B+||87-89||Good work, distinctly above average|
|D+||67-69||Work that is significantly below average|
|F||0-59||Work that does not meet the minimum standards for passing the course|
Outside Support: As a service to its students UNYT has created a series of support centers. For support related to study skills and time management, the Academic Support Center offers students tutoring and coaching. The Writing Center gives students feedback and help with papers and other writing assignments. If you feel that you have any exceptional learning difficulties or serious problems that interfere with your studies, you can stop by the UNYT Counseling Center. For information on any of these centers, please contact Dr. Enila Cenko, your academic advisor or me.
Assignments are to be excel, word-processed and power point. Continuing and regular use of e-mail is expected.