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59806-01 - Vorlesung: Analysis of Financial Statements for Decision Makers (3 KP)
| Semester | Herbstsemester 2026 |
| Angebotsmuster | Jedes Herbstsemester |
| Dozierende | Ulf Schiller (ulf.schiller@unibas.ch, BeurteilerIn) |
| Inhalt | This course is addressed to decision makers in firms and in the economy. The aim is to help managers and economists to understand the information that is conveyed by financial statements. We start with the axiomatic properties of financial statements and then develop the fundamentals of financial statement analysis. To this end, we identify value drivers of a firm’s equity. Moreover, we examine key elements that help to understand value growth. Tentative schedule 1. How do managers create value? 2. What is profit? Fair value accounting vs cost based accounting 3. A quick tour through the accounting universe 4. The residual income conservation property 5. Group accounting and goodwill 6. Uncertainty and valuation (cases: nuclear power plants; pension funds) 7. Profitability 9. Core Income 10. Forecasting growth |
| Lernziele | Understand the axiomatic principles behind financial statements Understand the properties of cost-based vs fair-value based accounting Learn to distinguish between operating and financial earnings Understand rates of return Understand core profits Understand the drivers of growth |
| Literatur | Stephen Penman (2013): Financial Statement Analysis and Security Valuation, 5th ed 2013, ISBN 978-007-132640-4 While the book did not appear in new editions (because of the author's age), this is still the best text available on this topic. Different from other textbooks, it has a clear focus -- equity valuation -- and a clear structure. Even more than a decade later it is still a must-read for everyone interested. |
| Weblink | ADAM |
| Anmeldung zur Lehrveranstaltung | NEW: Registration: Please enroll in the Online Services (services.unibas.ch); Eucor-Students and mobility students of other Swiss Universities or the FHNW first have to register at the University of Basel BEFORE the start of the course and receive their login data by post (e-mail address of the University of Basel). Processing time up to a week! Detailed information can be found here: https://www.unibas.ch/de/Studium/Mobilitaet.html After successful registration you can enroll for the course in the Online Services (services.unibas.ch). Applies to everyone: Enrolment = Registration for the course and the exam! |
| Unterrichtssprache | Englisch |
| Einsatz digitaler Medien | kein spezifischer Einsatz |
| Intervall | Wochentag | Zeit | Raum |
|---|---|---|---|
| wöchentlich | Montag | 14.15-16.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
Einzeltermine
| Module |
Modul: Ausgewählte Themen aus Ökonomie und Rechtswissenschaft (Masterstudium: Actuarial Science) Modul: Business Field: Management Accounting (Masterstudium: Business and Technology) Modul: Fundamentals in Finance and Money (Masterstudium: Finance and Money) Modul: Specific Electives in Business and Economics (Masterstudium: Wirtschaftswissenschaften) Modul: Specific Electives in Finance, Controlling, Banking (Masterstudium: Wirtschaftswissenschaften) Modul: Specific Electives in Marketing and Strategic Management (Masterstudium: Wirtschaftswissenschaften) |
| Prüfung | Examen |
| Hinweise zur Prüfung | The dates of the exams will be published during the first week of the lectures. Written exam: written repeat exam: IMPORTANT: For courses with a main lecture exam, a repeat exam is offered in addition to the regular examination date.This repeat examination can only be taken if the student has taken part in and failed the regular examination (grade < 4.0) see English translation of the study guide of our master programs by December 13, 2021: Paragraph 4.13.4.1. |
| An-/Abmeldung zur Prüfung | Anm.: Belegen Lehrveranstaltung; Abm.: stornieren |
| Wiederholungsprüfung | eine Wiederholung, bester Versuch zählt |
| Skala | 1-6 0,1 |
| Belegen bei Nichtbestehen | einmal wiederholbar |
| Zuständige Fakultät | Wirtschaftswissenschaftliche Fakultät / WWZ, studiendekanat-wwz@unibas.ch |
| Anbietende Organisationseinheit | Wirtschaftswissenschaftliche Fakultät / WWZ |