ADVANCED FINANCIAL STATEMENT ANALYSIS

Code Cours
2324-IÉSEG-M1S1-FIN-MA-PI79UE
Langue d'enseignement
English
Matières
FINANCE
Ce cours apparaît dans les formation(s) suivante(s)
Responsable(s)
N.POLOUNOVSKY
Intervenant(s)
Nicolas Polounovsky
Niveau
Master
Année de formation
Période

Présentation

Prérequis
Understanding of the 3 main fiancial statements (ICS, BS, CFS): how they are prepared, what they contain, and what their content means
Basic accounting knowledge
Basic understanding of corporate finance and the funding of the firm
Basic knowledge of commonly used financial analysis tools and concepts: growths, margins, profitability, working capital, net debt, …
Basic understanding of what consolidation means and implies; constitues a substantial advantage in this course
Objectifs
At the end of the course, the student should be able to :
Navigate through a standard IFRS registration document / annual report - understand the meaning and relevance of the content displayed, and know where to find specific information
Understand the link/ties that bring the 3 main financial statements together
Prepare and present financial statements/financial data in a clear, readable and analysable format
Assess properly presented and formatted financially data
Identify key areas of questioning based on the previous assessment
Identify / Suggest the potential causes behind the areas of questioning; the level of certainty depending on effectively available data and/or information
Use the Registration Document and all publically available information to find answers to the questions raised by the quantitative analysis
Understand and suggest what the previous findings mean for the future
Présentation
Financial information and accounting standards
Income Statement and business profitability
Balance Sheet structure and cash equation
Balance Sheet (BS) and shareholder profitability
Cash Flow Statement (CFS) analysis
Liquidity and solvency, financial debt analysis
Operating working capital analysis and management

Modalités

Organisation
Type Amount of time Comment
Présentiel
Cours magistral 16,00
Autoformation
Lecture du manuel de référence 16,00
Travail personnel
Charge de travail personnel indicative 10,00
Overall student workload 42,00
Évaluation
The course assessment is primarily based on a Group Project that is prepared during the 2 weeks that follow the intensive course; students assemble in groups of 4 or 5 and perform an exhaustive financial analysis of a company based on the methodology used in class
Control type Duration Amount Weighting
Contrôle continu
Participation 0,00 0 20,00
Autres
Projet Collectif 0,00 0 80,00
TOTAL 100,00

Ressources

Bibliographie
"Corporate Finance, Theory and Practice", Vernimmen / Quiry -