Module Code: H8FSA1
Long Title Financial Statement Analysis
Title Financial Statement Analysis
Module Level: LEVEL 8
EQF Level: 6
EHEA Level: First Cycle
Credits: 5
Module Coordinator: DESMOND GIBNEY
Module Author: Isabela Da Silva
Departments: School of Business
Specifications of the qualifications and experience required of staff  
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Demonstrate an understanding of role of financial statements in business decisions.
LO2 Demonstrate a comprehensive knowledge of the structure and elements of financial statements.
LO3 Apply a range of analytic techniques including ratio analysis to financial statements for a range of business scenarios.
LO4 Apply knowledge of accounting issues, as well as international and local accounting standards, to analyse the financial performance, position and adaptability of organisations.
LO5 Demonstrate an understanding of current developments in financial reporting and their impact on financial statement analysis.
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is required before enrolment on this module. While the prior learning is expressed as named NCI module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
20649 H7FA2 Financial Accounting 2
Co-requisite Modules
No Co-requisite modules listed
Entry requirements

Programme entry requirements  
 

Module Content & Assessment

Indicative Content
Structure and Content of Financial Statements.
The Conceptual Framework for Financial Reporting. Statement of Financial Position. Statement of Comprehensive Income. Statement of Changes in Equity. Statement of Cash Flows. Notes to the financial statements. Published accounts of groups and single entities.
Analytic Techniques applied to Financial Statements.
Horizontal, vertical and same-size analysis. Issues in calculating and interpreting accounting ratios and other metrics. Liquidity, Efficiency. Profitability. Financial structure. Investment and shareholder ratios.
Issues in Analysing Financial Statements.
Limitations of ratio analysis. The effect of choice of accounting policies. The importance of assumptions. The impact of different accounting treatment of items on the reported results and analysis from financial statements. Creative accounting. Financial, operating and non-financial data. Earnings management.
Developments in Financial Statement Analysis.
Current and emerging issues in financial statement analysis.
Assessment Breakdown%
Coursework40.00%
End of Module Assessment60.00%

Assessments

Full Time

Coursework
Assessment Type: Continuous Assessment % of total: 40
Assessment Date: n/a Outcome addressed: 1,2,3
Non-Marked: No
Assessment Description:
Candidates will be presented with a case study which will focus on analysis of an entity including an understanding of the environment in which the entity operates
End of Module Assessment
Assessment Type: Terminal Exam % of total: 60
Assessment Date: End-of-Semester Outcome addressed: 1,2,3,4,5
Non-Marked: No
Assessment Description:
Final Examination be 2 hours in duration and will contain a case study together with 3 other questions. The examination will include computational elements. Marks will be awarded for clarity and structure of solutions, ability to rank issues in terms of importance
No Workplace Assessment
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.
Reassessment Description
Candidates will attempt the repeat assessment for the module, if they do not successfully pass the module. Learners are required to attempt all assessments attaching to a module. For those modules where all learning outcomes are assessable with a final examination, the student does not have to re-sit failed individual CA components.

NCIRL reserves the right to alter the nature and timings of assessment

 

Module Workload

Module Target Workload Hours 0 Hours
Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Classroom and demonstrations 2 Every Week 2.00
Lecturer Supervised Learning Mentoring and small-group tutoring 1 Every Week 1.00
Directed Learning Directed e-learning 3 Every Week 3.00
Independent Learning Independent learning 8 Every Week 8.00
Total Weekly Contact Hours 6.00
 

Module Resources

Recommended Book Resources
  • Melville Alan, 2017,International Financial Reporting, A Practical Guide,6th Ed, Pearson.
  • Young and Cohen,2013,Corporate Financial Reporting and Analysis, 3RD ED, Wiley.
Supplementary Book Resources
  • Connolly Ciaran ,2018, International Financial Accounting and Reporting 6th Ed; Chartered Accountants Ireland.
This module does not have any article/paper resources
Other Resources
  • [Website], Financial Reporting Toolkit,Online Resource,Chartered Accountants Ireland.
  • [Website], IFRS® Standards: IASB IFRS Foundation.
Discussion Note: