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| Semester | fall semester 2022 |
| 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 the Online Services before the course starts. EUCOR-Students and students of other Swiss Universities have to enrol at the students administration office (studseksupport1@unibas.ch) within the official enrolment period. In order to get access to ADAM in time, it is best to enrol before the course starts though. Enrolment = Registration for the exam! |
| Language of instruction | English |
| Use of digital media | No specific media used |
| Interval | Weekday | Time | Room |
|---|---|---|---|
| wöchentlich | Friday | 14.15-16.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Date | Time | Room |
|---|---|---|
| Friday 23.09.2022 | 14.15-16.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Friday 30.09.2022 | 14.15-16.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Friday 07.10.2022 | 14.15-16.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Friday 14.10.2022 | 14.15-16.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Friday 21.10.2022 | 14.15-16.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Friday 28.10.2022 | 14.15-16.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Friday 04.11.2022 | 14.15-16.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Friday 11.11.2022 | 14.15-16.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Friday 18.11.2022 | 14.15-16.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Friday 25.11.2022 | 14.15-16.00 | Dies Academicus |
| Friday 02.12.2022 | 14.15-16.00 | - Siehe Bemerkung, The course will be digital (video) this week. |
| Friday 09.12.2022 | 14.15-16.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| 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: Fundamentals in Finance and Money (Master's Studies: Finance and Money) 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 | main lecture exam |
| Assessment details | written exam: 23.01.23; 14:15-15:45. DSBG Sporthalle: A-Z. For this exam you will still receive additional information by email. You would have to be on site at least 30 minutes before the exam starts. The addresses of the examination rooms can be found here: https://wwz.unibas.ch/de/studium/pruefungen/vorlesungs-und-pruefungsraeume/ The repeat exam will be held on 09.02.23; 12:30-14:00. You will receive the rooms for the repeat exam by mail. |
| Assessment registration/deregistration | Reg.: course registration, dereg: cancel course registration |
| Repeat examination | one repetition, best attempt counts |
| Scale | 1-6 0,1 |
| Repeated registration | one repetition |
| Responsible faculty | Faculty of Business and Economics , studiendekanat-wwz@unibas.ch |
| Offered by | Faculty of Business and Economics |