Module Code: H9FSA
Long Title Financial Statement Analysis
Title Financial Statement Analysis
Module Level: LEVEL 9
EQF Level: 7
EHEA Level: Second Cycle
Credits: 10
Module Coordinator: COLETTE DARCY
Module Author: Deirdre Bane
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 To evaluate the basis on which the financial statements have been prepared and appraise the effect of alternative accounting methods and assumptions on financial statements in dynamic international environments.
LO2 To validate and defend the accounting treatment of items and assess the appropriateness of the approach taken to key accounting policies and estimates in the preparation of financial statements.
LO3 To critically assess the financial performance and financial position of an entity and review financial statements and disclosures within the investment valuation process.
LO4 To evaluate financial statements for companies operating within the same industry and identify where adjustments to financial statements figures may be required to make comparison more effective.
LO5 To critically assess the capital structure of the entity and recognize and discuss the impact of the capital structure, appropriateness and make recommendations where appropriate.
LO6 To demonstrate an awareness of the diversity and complexity of international accounting standards and compare and contrast these differences among US and other country-specific and incorporate the findings into financial and valuation 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).
69063 H9FSA Financial Statement Analysis
Co-requisite Modules
No Co-requisite modules listed
Entry requirements

There are no additional entry requirements for this module.  The programme entry requirements apply. 
 

Module Content & Assessment

Indicative Content
Introduction (Week 1)
Framework for the preparation and presentation of financial statements; Role of financial statements and financial statement analysis; Accounting estimates and accounting policy; audit reports; Contents of a set of published financial statements and how it helps users to make decisions
International Accounting Standards (week 2-4)
IAS 1 Presentation of Financial Statements; IAS 2 Inventories; IAS 8 Accounting Policy, Changes in Accounting Estimates and Errors; IAS 10 Events after the Reporting Date; IAS12 Income Taxes; IAS 16 Property, Plant and Equipment; IAS 19 Employee Benefits; IAS 20 Accounting for Government Grants and Disclosures of Government Assistance; IAS 23 Borrowing Costs; IAS 24 Related Party; IAS 27 Consolidated and Separate Financial Statements; IAS 28 Investments in Associates; IAS 32 Financial Instruments: Presentation; IAS 33 Earnings Per Share; IAS 36 Impairment of Assets; IAS 37 Provisions, Contingent Liabilities and Contingent Assets; IAS 38 Intangible Assets; IAS 39 Financial Instruments: Recognition and Measurement; IAS 40 Investment Property; IFRS2 Share Based Payments; IFRS 3 Business Combinations; IFRS 5 Non Current Assets held for Sale and Discontinued Operations; IFRS7 Financial Instruments: Disclosure; IFRS8 Operating Segment; IFRS9 Financial Instruments; IFRS10 Consolidated Financial Statements; IFRS12 Disclosure of Interests in Other Entities; IFRS 15 Revenue from Contracts with Customers; IFRS 16 Leases
Statement of Cash Flow (IAS 7) (Week 5-6)
Preparation of Statement of Cash flow using the Direct Method; Understand the significance of the elements of the Statement of Cash Flow so that you can analyse and interpret appropriately; Be able to calculate free cashflows and other cash flow ratios
Financial Statement Analysis (Week 7-10)
Key business analysis to include analysis of inventories, long lived assets, taxes, debt, off balance sheet assets and liabilities, pensions and other employee benefits, corporate investments, business combinations and global operations; Uses and limitations of ratio analysis; Calculation, interpretation an inter-relationship of key ratios; Use of ratios to forecast future earnings
Risk Factors that lead to Fraudulent Accounting/Differences in International Accounting (Week 11-12)
Financial reporting quality; Review of factors that have led to fraudulent accounting within organisations and the lessons learnt; Differences in international financial statements
Assessment Breakdown%
Coursework30.00%
End of Module Assessment70.00%

Assessments

Full Time

Coursework
Assessment Type: Continuous Assessment % of total: 30
Assessment Date: n/a Outcome addressed: 1,3,4
Non-Marked: No
Assessment Description:
Learners 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. Marks will be awarded for clarity and structure of solutions, ability to rank issues in terms of importance and evidence of outside core text reading.
End of Module Assessment
Assessment Type: Terminal Exam % of total: 70
Assessment Date: End-of-Semester Outcome addressed: 1,2,3,4,5,6
Non-Marked: No
Assessment Description:
The terminal examination (70%) will be 3 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 and evidence of outside core text reading.
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
Repeat assessment of this module will consist of a repeat examination which will test all the learning outcomes.

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 36 Per Semester 3.00
Directed Learning Directed e-learning 36 Per Semester 3.00
Independent Learning Independent learning 178 Per Semester 14.83
Total Weekly Contact Hours 6.00
 

Module Resources

Recommended Book Resources
  • Melville Alan (2019) International Financial Reporting, A Practical Guide. 7h Ed; Pearson (ISBN13: 978-1292293127.
  • Young and Cohen (2013) Corporate Financial Reporting and Analysis 3RD Ed; Wiley (ISBN13: 978-1118470558).
  • Young, Cohen and Bens (2019) Corporate Financial Reporting and Analysis: A Global Perspective ISBN13: 978-1119494577).
Supplementary Book Resources
  • Connolly Ciaran (2018) International Financial Accounting and Reporting 6th Ed; Chartered Accountants Ireland (ISBN 978-1-912350-02-5).
This module does not have any article/paper resources
This module does not have any other resources
Discussion Note: