FACULTY OF BUSINESS
Accounting and Auditing Program
ACC 402 | Course Introduction and Application Information
| Course Name |
Essentials of Financial Statement Analysis
|
|
Code
|
Semester
|
Theory
(hour/week) |
Application/Lab
(hour/week) |
Local Credits
|
ECTS
|
|
ACC 402
|
Spring
|
3
|
0
|
3
|
6
|
| Prerequisites |
|
|||||||
| Course Language |
English
|
|||||||
| Course Type |
Required
|
|||||||
| Course Level |
First Cycle
|
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| Mode of Delivery | Online | |||||||
| Teaching Methods and Techniques of the Course | DiscussionProblem SolvingCase StudyQ&A | |||||||
| Course Coordinator | ||||||||
| Course Lecturer(s) | ||||||||
| Assistant(s) | ||||||||
| Course Objectives | The objective of this course is to prepare students to interpret and analyze financial statements. The viewpoint is that of various users of financial statements. The main focus is the use of financial statements in business analysis, strategic decision making, developing business strategies and evaluating performance. This course will also help students in revisiting their accounting and finance knowledge, and will improve their analytical skills as well. |
| Learning Outcomes |
The students who succeeded in this course;
|
| Course Description | This course introduces the methods of financial statement analysis to the students. The topics covered are ratio analysis, common size analysis, comparative analysis, reporting environment, accounting analysis, analyzing financing, investing and operating activities, cash flow, profitability, prospective and credit analysis. |
|
|
Core Courses | |
| Major Area Courses |
X
|
|
| Supportive Courses | ||
| Media and Management Skills Courses | ||
| Transferable Skill Courses |
WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES
| Week | Subjects | Related Preparation |
| 1 | Overview of the Financial Statement Analysis - Introduction to business analysis and analysis tools - ratio analysis, common size analysis, comparative analysis | Chapter 1 |
| 2 | Overview of the Financial Statement Analysis - Introduction to business analysis and analysis tools - ratio analysis, common size analysis, comparative analysis | Chapter 1 |
| 3 | Financial Reporting and Analysis - Reporting environment, accounting analysis | Chapter 2 |
| 4 | Financial Reporting and Analysis - Reporting environment, accounting analysis | Chapter 2 |
| 5 | Analyzing Financing Activities - Analysis of liabilities, leases contingent liabilities, off-balance sheet financing and analysis of shareholders' equity | Chapter 3 |
| 6 | Analyzing Financing Activities - Analysis of liabilities, leases contingent liabilities, off-balance sheet financing and analysis of shareholders' equity | Chapter 3 |
| 7 | Analyzing Investing Activities - Analysis of current, long-term, plant and intangible assets | Chapter 4 |
| 8 | Analyzing Investing Activities - Analysis of intercorporate investments | Chapter 5 |
| 9 | Midterm Exam / Analyzing Operating Activities - Analysis of Income, revenue and expenses | Chapter 6 |
| 10 | Cash Flow Analysis | Chapter 7 |
| 11 | Return on Invested Capital and Profitability Analysis | Chapter 8 |
| 12 | Prospective Analysis | Chapter 9 |
| 13 | Credit Analysis - Liquidity and solvency analysis | Chapter 10 |
| 14 | Equity Analysis and Valuation | Chapter 11 |
| 15 | Review of the semester | |
| 16 | Final Exam |
| Course Notes/Textbooks | Available as e-book at the Library: Financial statement analysis: a practitioner’s guide, Martin S. Fridson and Fernando Alvarez. – 4th ed. |
| Suggested Readings/Materials |
EVALUATION SYSTEM
| Semester Activities | Number | Weigthing |
| Participation | ||
| Laboratory / Application | ||
| Field Work | ||
| Quizzes / Studio Critiques | ||
| Portfolio | ||
| Homework / Assignments |
1
|
30
|
| Presentation / Jury | ||
| Project | ||
| Seminar / Workshop | ||
| Oral Exams | ||
| Midterm |
1
|
30
|
| Final Exam |
1
|
40
|
| Total |
| Weighting of Semester Activities on the Final Grade |
2
|
60
|
| Weighting of End-of-Semester Activities on the Final Grade |
1
|
40
|
| Total |
ECTS / WORKLOAD TABLE
| Semester Activities | Number | Duration (Hours) | Workload |
|---|---|---|---|
| Theoretical Course Hours (Including exam week: 16 x total hours) |
16
|
3
|
48
|
| Laboratory / Application Hours (Including exam week: '.16.' x total hours) |
16
|
0
|
|
| Study Hours Out of Class |
15
|
3
|
45
|
| Field Work |
0
|
||
| Quizzes / Studio Critiques |
0
|
||
| Portfolio |
0
|
||
| Homework / Assignments |
1
|
25
|
25
|
| Presentation / Jury |
0
|
||
| Project |
0
|
||
| Seminar / Workshop |
0
|
||
| Oral Exam |
0
|
||
| Midterms |
1
|
20
|
20
|
| Final Exam |
1
|
30
|
30
|
| Total |
168
|
COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP
|
#
|
Program Competencies/Outcomes |
* Contribution Level
|
||||
|
1
|
2
|
3
|
4
|
5
|
||
| 1 | To be able to acquire theoretical and practical knowledge and skills in the area. |
|||||
| 2 | To be able to approach problems with an analytical and holistic viewpoint. |
X | ||||
| 3 | To be able to gain knowledge about both national and international accounting and auditing standards. |
X | ||||
| 4 | To be able to communicate the findings and solutions to the accounting and auditing problems in written and oral formats. |
X | ||||
| 5 | To be able to critically evaluate the performance of accounting and other related management information systems, and organizations. |
|||||
| 6 | To be able to develop innovative and creative approach to real-life business issues. |
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| 7 | To be able to integrate knowledge gained in the main areas of accounting and auditing through a strategic perspective. |
|||||
| 8 | To be able to act in accordance with the scientific and ethical values in studies related to accounting and auditing. |
|||||
| 9 | To be able to demonstrate both leadership and team-work skills through being an efficient and effective team member. |
X | ||||
| 10 | To be able to have an ethical perspective and social responsiveness when evaluating and making business decisions. |
|||||
| 11 | To be able to collect data in the area of business administration and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1). |
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| 12 | To be able to speak a second foreign at a medium level of fluency efficiently. |
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| 13 | To be able to relate the knowledge accumulated throughout the human history to their field of expertise. |
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*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest
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