FINANCIAL STATEMENT ANALYSIS

The course contributes to the learning objectives of the bachelor’s degree program, which provides a learning experience in both the business and quantitative context, by preparing students to be able to interpret and analyze financial statements using ratio analysis and cash-flow analysis.

This course aims to introduce students to the analysis of financial information presented in firms' financial reports. At the end of the course, students will be able to:
- Describe and apply the basic techniques of financial statement analysis;
- Explain the relationship between strategic business analysis, accounting analysis and financial statement analysis;
- Identify and utilize value-relevant information contained within financial statements;
- Recognize and explain the fundamental role of accounting numbers in the valuation of firms;
- Understand the impact of financial reporting choices on the usefulness of reported earnings to predict future performance;
- Prepare a written analysis of a listed company, on the basis of notions and techniques covered in the course.

Students cannot take the exam of FINANCIAL STATEMENT ANALYSIS if they have not passed and registered the exam ET0078 Principles of Management and International Accounting (Modules 1 and 2).

- Overview of financial statement analysis.
- Financial reporting and analysis; reporting environment; nature and purpose of financial accounting; main postulates and tools.
- Cash flow analysis.
- Return on invested capital and profitability analysis.
- Credit analysis.

Gianfelici C. (2022), Financial Statement Analysis and Evaluation, McGraw-Hill Education Create, ISBN 9781307815856,
or the source textbook:
Subramanyam K.R., Financial Statement Analysis, McGraw-Hill International Edition, 11th Edition, 2014, chapters nos. 1, 2, 7, 8, 10, ISBN 9780071086837.

Compulsory written exam. The exam consists of one open question and three exercises. Time: 90 minutes.

written

The following grading scale will be used, regardless of attending or non-attending mode:
A. Scores in the range of 18-22 will be assigned when:
- Adequate knowledge and applied understanding in reference to the curriculum are demonstrated.
- Limited ability to collect and/or interpret data and formulate independent judgments.
- Sufficient communication skills, especially regarding the use of specific language related to the economic functioning of public services.
B. Scores in the range of 23-26 will be assigned when:
- Good knowledge and applied understanding in reference to the curriculum are demonstrated.
- Fair ability to collect and/or interpret data and formulate independent judgments.
- Adequate communication skills, especially regarding the use of specific language related to the economic functioning of public services.
C. Scores in the range of 27-30 will be assigned when:
- Good or excellent knowledge and applied understanding in reference to the curriculum are demonstrated.
- Reasonable or excellent ability to collect and/or interpret data and formulate independent judgments.
- Fully appropriate communication skills, especially regarding the use of specific language related to the economic functioning of public services.
D. Honors will be granted when there is excellent knowledge and applied understanding in reference to the curriculum, exceptional judgment, and communication skills.

The pedagogical approach is based on a combination of lectures, exercises, discussion questions and case studies.
Slides, news and information related to the course and additional teaching materials will be available on https://moodle.unive.it

EXAM ENROLMENT PROBLEMS. If students encounter issues during the online exam enrolment process, they should contact the Economics Campus via email before the exam enrolment deadline. Students are not admitted to the exam if they are not enrolled online for the exam. Students are not admitted to the exam after the online exam enrolment closing date.
ACCESSIBILITY, DISABILITY, AND INCLUSION. ACCOMMODATION AND SUPPORT SERVICES FOR STUDENTS WITH DISABILITIES AND STUDENTS WITH SPECIFIC LEARNING IMPAIRMENTS. Ca’ Foscari abides by Italian Law (Law 17/1999; Law 170/2010) regarding support services and accommodation available to students with disabilities. This includes students with mobility, visual, hearing, and other disabilities (Law 17/1999), and specific learning impairments (Law 170/2010). If you have a disability or impairment that requires accommodations (i.e., alternate testing, readers, note takers or interpreters), please get in touch with the Disability and Accessibility Offices in Student Services at the e-mail address disabilita@unive.it

This subject deals with topics related to the macro-area "Circular economy, innovation, work" and contributes to the achievement of one or more goals of U. N. Agenda for Sustainable Development