FINANCIAL STATEMENT ANALYSIS

The course, delivered in english, 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.

1 KNOWLEDGE AND UNDERSTANDING

The students of the bachelor’s degree need to know and understand the main critical areas of multinational firms' financial performance. At the end of this course, the students will be able to:
- analyse and compare the financial statements of multinational firms;
- interpret the differences of multinational firms' financial performance.

2 ABILITY TO APPLY KNOWLEDGE AND UNDERSTANDING

The students of the Bachelor degree need to apply their knowledge in real contexts through the analysis of accounting data, and to examine the financial performance problems of multinational firms. At the end of this course, the students will be able to:
- compare the financial statements of multinational firms with the application of financial statements analysis tools, as ratio analysis, cash flow analysis and credit analysis
- evaluate multinational firms' financial performance

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).

The course is designed to provide students with the conceptual background and analytical tools necessary to conduct the financial statements analysis.
The course program is structured as follows:
- Introduction to financial statement analysis
- Financial reporting analysis: vertical analysis and horizontal analysis
- Cash flow analysis
- Profitability analysis
- Credit analysis

Arkhipova D. (2025), Financial Statement Analysis and Evaluation, McGraw-Hill Education Create, ISBN 9798219095429,
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.

The written exam is based on four exercises. The exercises are relative to all the issues of the course program. The exam lasts 90 minutes.
The score of each question is 8/30, the maximum grade is 32, equivalent to 30 cum laude, 31 is equivalent to 30.

written

The instructor is responsible for ensuring the authenticity and originality of all examinations and coursework. In cases of suspected academic misconduct, an additional on-site assessment may be required during the exams, which may differ from the standard format.

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 course topics.
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 course topics.
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 course topics.
D. Honors will be granted when there is excellent knowledge and applied understanding in reference to the curriculum, exceptional judgment, and communication skills.

The course compasses classes, exercise sessions, and tutorship sessions
Classes comprise both theoretical and practical issues. During the classes, there are three review sessions.
The focus of exercise sessions is to prepare students at the application of theoretical issues with exercises and case studies. Exercise sessions are usually set in a way that permits students to study the theoretical issues which have been presented in previous classes.
The purpose of tutorship session is to review exercises on accounting-based principles and topics of course program for preparation to exam.
Students are encouraged to attend classes, exercise sessions, tutorship sessions.
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