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Semester 1 - Dual-Delivery
Semester 2 - Dual-Delivery
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The subject is a financial statement theory and analysis subject that is designed to teach the underlying concepts and applied contemporary techniques that enable the use of financial reports for performance analysis and valuation. We also consider the use of financial reports for contracting with executives and lenders and if there is a need for regulation.
The objective of this course is to equip students with tools and techniques to be able to (a) understand and assess the quality of financial reports and identify significant accounting issues (b) use financial reports to assess the level and drivers of firm performance and (c) value companies. Students will learn that the quality of information provided in financial reports can vary significantly and can have a significant impact on how it should be used for analysis and valuation. The applied concepts taught will be useful to students in practice both as preparers and users.
Intended learning outcomes
On completion of this subject, students should be able to:
- Explain the impact of financial reports on economic activity
- Analyse the principles and incentives associated with the recognition and measurement of a firm’s economic activity in financial reports and the biases and random errors that occur
- Discuss the tools and frameworks necessary to understand, analyse and evaluate financial statements
- Evaluate the concepts and approaches associated with the use of financial reports for valuation
- Synthesise the range of emerging issues in financial accounting
High level of development: oral communication; written communication; problem solving; application of theory to practice; interpretation and analysis; critical thinking.
Moderate level of development: statistical reasoning; receptiveness to alternative ideas.
Some level of development: collaborative learning; team work; use of computer software; synthesis of data and other information.
Last updated: 17 June 2021