Long Title:Financial Statement Analysis
Module Code:H8FSA1
Credits: 5
NFQ Level:LEVEL 8
Field of Study: Accounting and taxation
Module Delivered in 1 programme(s)
Module Coordinator: DESMOND GIBNEY
Module editor: DESMOND GIBNEY
Teaching and Learning Strategy: Teaching and Learning will take place via • Lectures and Tutorials • Case Studies and appropriate practical examples • Class Discussions In addition to imparting knowledge through lectures and self-directed learning, the teaching and learning strategy will focus on the application of this knowledge in a practical and applied manner by incorporating practical applications and class discussions on a range of topics. Learners will be given real-world problem-based tasks pertaining to each of the topics covered to facilitate practical learning. Materials will be put on Moodle, the college’s electronic learning tool.
Module Description: To develop the student's ability to analyse published financial statements using international and local accounting standards, in order to provide meaningful information for business decision-making.
Learning Outcomes
On successful completion of this module the learner will be able to:
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.
Pre-requisite learning
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
Requirements

This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. You may not enrol on this module if you have not acquired the learning specified in this section.
No requirements listed
 

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%

Full Time

Coursework
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Open-book Examination The main purpose of the assessment will be to test the learner’s ability to apply financial accounting standards to situations facing the preparers of published accounts.. The assessment will take the form of an open-book case study based exam. Prior to the assessment date, the learners will be assigned group tasks that will involve conducting research on various approaches to dealing with financial statement analysis issues. Learners will also be required to make a presentation of their results in class. 1,2,3,4,5 40.00 n/a
End of Module Assessment
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Terminal Exam The main purpose of the assessment will be to test the student’s ability to apply financial accounting standards to situations facing the preparers of published accounts.. The assessment will take the form of a mixture of computational and discursive questions. 1,2,3,4,5 60.00 End-of-Semester
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
Learners who fail the module will be required to resit an appropriate assessment which will test all learning outcomes.

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

 

Module Workload

Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture No Description 2 Every Week 2.00
Tutorial No Description 1 Every Week 1.00
Total Hours 3.00
Total Weekly Learner Workload 3.00
Total Weekly Contact Hours 3.00
This module has no Part Time workload.
 

Module Resources

Recommended Book Resources
  • Ciaran Connolly 2015, International Financial Accounting and Reporting, 5th Ed., Chartered Accountants Ireland [ISBN: 9781910374290]
This module does not have any article/paper resources
This module does not have any other resources
 

Module Delivered in

Programme Code Programme Semester Delivery
BAHACF BA (Honours) in Accounting and Finance 6 Core Subject