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THE INTERNATIONAL BUSINESS SCHOOL BRANDEIS UNIVERSITY
FIN216f (2) FINANCIAL STATEMENT ANALYSISSpring 2017 Module I
Professor: Lydia Schroter 774-573-9977Office location: Sachar International 1D [email protected] hours: By Appointment
TA: TBD COURSE PRE-REQUISITE: FIN212a or FIN213a
COURSE DESCRIPTION AND OBJECTIVES
The primary objective of this course is to present techniques of financial statement analysis that deepen the understanding of financial statements and the information they provide. The course will expose students to the contemporary financial reporting environment and current reporting practices of U.S. companies. Students will analyze cases to foster an understanding of the economic and strategic information conveyed in financial reports. This course will NOT cover equity valuation. The course is organized in the following manner:
Introduction and Review of Financial Reporting and Statements Financial Analysis Techniques using financial ratios and cash flow analysis Case Studies
LEARNING GOALS AND OUTCOMES:
The course has been designed to achieve the following goals and outcomes:1. Business Strategy Analysis: Identify key value drivers and risks of a firm.2. Accounting Analysis: Evaluate accounting policies, earnings quality, and adjustments necessary
to best reflect a firm’s economic reality.3. Financial Statement Analysis: Apply analytical tools and techniques to financial statements and
related data to derive estimates and inferences useful in business decision making.
COURSE MATERIALS:Charles H. Gibson; Financial Reporting and Analysis: Using Financial Accounting Information, 13e, South-Western Cengage Learning, 2013. (Required). For online e textbook, visit ( http://www.coursesmart.com/IR/8491214/9781133188797?__hdv=6.8) HBS Case Studies: http://harvard.edu/cbmp/access/56975019
COURSE REQUIREMENTS AND GRADING POLICY
Course Grading and ExamsYour course grade will be determined based on the following formula:
Class Participation & Attendance 10%Case studies (Individual assignments) 20%Case Studies (group assignment) 15%
Homework Assignments 20% Final Exam 35% 100%
Class Participation:Attendance is required. Students are expected to adequately prepare for each class session and to actively participate in class discussion. Class participation involves being regularly engaged in the discussion/lecture and making a positive contribution by asking thoughtful questions, sharing relevant experiences, requesting clarification and making comments.
Homework: Homework will be assigned to facilitate course learning. Homework solutions will be collected and graded.
Cases Case assignments should be submitted for grading via Latte prior to the class due date. Copies of the case should be brought to class for discussion. NO LATE ASSIGNMENTS WILL BE ACCEPTED EXCEPT IN EXTREME HARDSHIP CIRCUMSTANCES AND MUST BE PRE-APPROVED BY THE INSTRUCTOR. The instructor will grade your case and provide feedback.
Individual case studies- A written analysis using a word document format must be submitted.
Group case studies- Each group will be required to submit a comprehensive analysis in a word document format as well as excel financial worksheet. In addition, each group will do a 30 minute presentation using PPT and 30 minute 15 minute Q&A session.
Access to the assigned case studies https://cb.hbsp.harvard.edu/cbmp/access/56975019
Final Exam
THERE WILL BE NO MAKE-UP EXAM GIVEN. The final exam will be administered on the last night of class. The exam will be comprehensive and will include all material covered in class. The exam will be open book and usage of a lap top will be permitted.
Disabilities: If you are a student with a documented disability on record at Brande3is University and wish to have a reasonable accommodation made for you in this class, please see me immediately.
Student AccommodationsIf you are a student with a documented disability on record at Brandeis University and wish to have a reasonable accommodation made for you in this class, please see me.
Academic IntegrityAcademic integrity is central to the mission of educational excellence at Brandeis University. Each student is expected to turn in work completed independently, except when assignments specifically authorize collaborative effort. It is not acceptable to use the words or ideas of another person- be it a world-class philosopher or your lab partner- without proper acknowledgement of that source. This means that you must use footnotes and quotation marks to indicate the sources of any phrases, sentences, paragraphs or ideas found in published volumes, on the internet, or created by another
student. You are expected to be familiar with and to follow the University’s policies on academic integrity (see http://www.brandeis.edu/studentlife/sdc/ai/). Instances of alleged dishonesty will be forwarded to the Office of Campus Life for possible referral to the Student Judicial System. Potential sanctions include failure in the course and suspension from the University.
Academic honestyYou are expected to be honest in all of your academic work. Please consult Brandeis University Rights and Responsibilities for all policies and procedures related to academic integrity. Students may be required to submit work to TurnItIn.com software to verify originality. Allegations of alleged academic dishonesty will be forwarded to the Director of Academic Integrity. Sanctions for academic dishonesty can include failing grades and/or suspension from the university. Citation and research assistance can be found at LTS - Library guides
International StudentsIf you enroll in an internship or experiential learning (EL) practicum course, and are required to pursue an activity off-campus as part of the course, you may be required to obtain authorization from the International Students and Scholars Office (ISSO) or U.S. Citizenship and Immigration Services based on your student visa status BEFORE beginning the off-campus activity. Please email [email protected] to schedule an appointment with your ISSO advisor to determine if such authorization is required.
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Tentative Schedule: May be modified before and during the 2017 spring session
Date Topic Reading Homework Assignments and HBP case1/19/17 Introduction to Financial
Reporting Introduction to Financial Statements and Other Financial Reporting Topics
Chapter I &2 P1-3 Case 1-4, P2-5Case 2-6
Introduction to Financial Statements and Other Financial Reporting Topics
Download: FY 2015 Financial Statements Brandeis UniversityWall MartAlibaba Group Holing Ltd
Class discussion:F/S format, similarities, differences, trends, key business highlightsAnalysis technique: horizontal vs vertical, ratios, story telling
1/26/17 Balance Sheet, Income Statement, and Basics of Analysis
Chapter 3, 4, 5 P3-3, 7 ,Case 3-1P 4-6, 7, Case 4-2,P5-8
HBP Case Review
HBP case: TBD
2/2/17 Advanced B/S Analysis Chapter 6, 11, 7 P6-3, Case 6-3P7-7, 11
P11-3, 5, Case 11-4
Case studies HBP case: TBD2/9/17 Profitability Analysis and
I/S Projection model, For the Investors and Statement of Cash Flows Profitability Analysis and I/S Projection
Chapter 8, 9, 10 P8-3,8 Case; 8-5 P9-10, 13P10-8,11
HBP case: TBD
Case studies2/16/17 Special Industries Chapter 12 Test book assignments: P12-4, Case 12-4
Download:
FY2015 Bank of America F/SFY2015 Industrial and Commercial Bank of China Limited
2 page write up of each bank
Financial statements case studies
2/23/17 No class03//2/17 Group Project
Presentation and discussion
Assigned Cases HBP case: TBD
3/9/17 Final Exam
NOTE: Case assignments should be submitted for grading via Latte prior to the class due date.
*Prior to the first night of class, students are expected to review the materials from their pre-requisite financial accounting course(s). Students are expected to have a full comprehension of introductory financial accounting prior to this course.
