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59806-01 - Lecture: Analysis of Financial Statements for Decision Makers 3 CP

Semester fall semester 2021
Course frequency Every fall sem.
Lecturers Ulf Schiller (ulf.schiller@unibas.ch, Assessor)
Content 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. Case study: The real estate industry
8. Profitability
9. Core Income
10. Case: cost of green energy vs cost of fossil energy
11. Forecasting growth
Learning objectives 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
Bibliography Stephen Penman (2013): Financial Statement Analysis and Security Valuation, 5th ed 2013, ISBN 978-007-132640-4
Weblink ADAM

 

Course application Registration: Please enrol in MOnA. EUCOR-Students and students of other Swiss Universities have to enrol at the students administration office (studseksupport1@unibas.ch) within the official enrolment period. Enrolment = Registration for the exam!
Language of instruction English
Use of digital media No specific media used

 

Interval weekly
Date 24.09.2021 – 10.12.2021
Time Friday, 14.15-16.00 - Online Präsenz -
Date Time Room
Friday 24.09.2021 14.15-16.00 - Online Präsenz -, --
Friday 01.10.2021 14.15-16.00 - Online Präsenz -, --
Friday 08.10.2021 14.15-16.00 - Online Präsenz -, --
Friday 15.10.2021 14.15-16.00 - Online Präsenz -, --
Friday 22.10.2021 14.15-16.00 - Online Präsenz -, --
Friday 29.10.2021 14.15-16.00 - Online Präsenz -, --
Friday 05.11.2021 14.15-16.00 - Online Präsenz -, --
Friday 12.11.2021 14.15-16.00 - Online Präsenz -, --
Friday 19.11.2021 14.15-16.00 - Online Präsenz -, --
Friday 26.11.2021 14.15-16.00 Dies Academicus
Friday 03.12.2021 14.15-16.00 - Online Präsenz -, --
Friday 10.12.2021 14.15-16.00 - Online Präsenz -, --
Modules Module: Business Field: Management Accounting (Master's Studies: Business and Technology)
Module: Electives (Master's Studies: Business and Economics (Start of studies before 01.08.2021))
Module: Specific Electives in Finance, Controlling, Banking (Master's Studies: Business and Economics)
Module: Specific Electives in Marketing and Strategic Management (Master's Studies: Business and Economics)
Assessment format record of achievement
Assessment details written exam: 20.01.22; 16:30-18:00. WWZ S15: A-HE; WWZ S13: Hi-Q; WWZ Audi: R-Z.
In case COVID-19 protective measures prevent examination on site, the faculty reserves the right to conduct the examination electronically during the same time slot.
You can still withdraw from the examination by submitting a completed, signed form to our office from 19.10.21 until 29.10.21 / 12:00 o’clock. Please send your form by mail to belegungstorno-wwz@unibas.ch. You will find the examination withdrawal form on the Homepage of the Student Dean’s Office.
Prior to 18.10.21, please only use MONA for withdrawing.
Assessment registration/deregistration Reg./dereg.: course registr./cancel registr. via MOnA
Repeat examination no repeat examination
Scale 1-6 0,1
Repeated registration as often as necessary
Responsible faculty Faculty of Business and Economics , studiendekanat-wwz@unibas.ch
Offered by Faculty of Business and Economics

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