ULMS Electronic Module Catalogue
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title Financial Statement Analysis and Valuation
Code ACFI810
Coordinator Dr K Pappas
Finance and Accounting
K.Pappas@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2022-23 Level 7 FHEQ Second Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):
 

Modules for which this module is a pre-requisite:
 

Programme(s) (including Year of Study) to which this module is available on a required basis:
 

Programme(s) (including Year of Study) to which this module is available on an optional basis:
 

Teaching Schedule
  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours 24

 6

       6

 36
Timetable (if known) 120 mins X 1 totaling 24
  		60 mins X 1 totaling 6
  		      60 mins X 1 totaling 6
  		 
Private Study 114
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Examination Standard UoL penalties apply There is a resit opportunity Marked anonymously  2    80       
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Individual assignment Standard UoL penalties apply There is a resit opportunity Marked anonymously  0    20       

Aims

The aim of this module is to provide students with an understanding of financial statements, and the techniques and skills necessary for the interpretation of financial statements including their use in the valuation process.

Learning Outcomes

(LO1) Understand the role of financial statements in assessing the performance and position of an entity.

(LO2) Understand how ratio based techniques can be used in interpretation of financial statements.

(LO3) Explain valuation models which use financial statement information.

(LO4) Determine a valuation for a business using financial statement information with appropriate valuation models.

(LO5) Prepare financial forecasts derived from financial statement information.

(S1) Communication skills. Communication skills will be developed through the careful interpretation and guided discussion to support the individual assignment.

(S2) IT skills. IT skills will be developed through the application of techniques taught in lectures to various real and artificial data sets.

(S3) Numeracy. Numeracy skills will be developed through the application of techniques taught in lectures to various real and artificial data sets.

(S4) Problem solving. Students will be required to develop problem solving skills in lectures and practical sessions.

Teaching and Learning Strategies

2 hour lecture x 12 weeks
1 hour seminar x 6 weeks
1 hour group learning x 6 weeks
114 hours self-directed learning

Syllabus
 

Financial Reporting System (IFRS and GAAP);

Ethical frameworks and accounting applications;

Principal Financial Statements;

Financial Reporting Quality;

Analysis of Inventories;

Analysis of Long-Lived Assets;

Analysis of Taxes;

Analysis of Debt;

Analysis of Off-Balance-Sheet Assets and Liabilities;

Analysis of Pensions, Stock Compensation, and Other Employee Benefits;

Analysis of Inter-Corporate Investments;

Analysis of Business Combinations;

Analysis of Global Operations;

Ratio and Financial Analysis;

Valuing businesses using financial statement information.

Recommended Texts
Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.