The main objective of the module is to provide you with the tools to analyse firm financial performance from an equity valuation perspective and to carry out a business valuation building on this analysis. A further objective is to encourage you to use the valuation-based framework to analyse the 'quality' of accounting information and to explore empirical studies concerned with testing the of financial statement information. Syllabus Accounting and cash flow valuation models Financial analysts' use of financial statements: practice and evidence Reformulation of financial statements and value-based ratio analysis Implementation of accounting valuation models Accounting quality and the value relevance of accounting information Learning Outcomes and Objectives By the end of the module you should be able to: Understand and apply business valuation models that use accounting numbers. Understand the importance of ratio analysis to investors and analysts and learn how to apply a value based approach to ratio analysis. Prepare a thorough valuation analysis including sensitivity analysis on the key assumptions. Understand the factors determining quality of accounting information from an investor perspective and gain a basic understanding of empirical research on value relevance. Demonstrate oral and written communication skills in relation to the analysis of company financial statement information from a valuation perspective. Apply modelling and spreadsheet skills to the solution of performance analysis and valuation problems. Apply and integrate concepts from accounting and finance to the analysis of business plans and company valuation. Assessment Methods Method Period of Study CATS (Credit) Assessment Description Name 1.5 hour Examination (80%) Full Year Standard 12 1500 word assignment (20%) 1.5 hour Examination (80%) Full Year Standard 15 2000 word assignment (20%) Not Autumn Term only Not Available Not Available Available Autumn & Spring Visiting 12 2000 word assignment (100%) Terms (VA) Visiting Spring Term only 12 2000 word assignment (100%) (VA)
The main objective of the module is to provide you with the tools to analyse firm financial performance from an equity valuation perspective and to carry out a business valuation building on this analysis. A further objective is to encourage you to use the valuation-based framework to analyse the 'quality' of accounting information and to explore empirical studies concerned with testing the of financial statement information. Syllabus Accounting and cash flow valuation models Financial analysts' use of financial statements: practice and evidence Reformulation of financial statements and value-based ratio analysis Implementation of accounting valuation models Accounting quality and the value relevance of accounting information Learning Outcomes and Objectives By the end of the module you should be able to: Understand and apply business valuation models that use accounting numbers. Understand the importance of ratio analysis to investors and analysts and learn how to apply a value based approach to ratio analysis. Prepare a thorough valuation analysis including sensitivity analysis on the key assumptions. Understand the factors determining quality of accounting information from an investor perspective and gain a basic understanding of empirical research on value relevance. Demonstrate oral and written communication skills in relation to the analysis of company financial statement information from a valuation perspective. Apply modelling and spreadsheet skills to the solution of performance analysis and valuation problems. Apply and integrate concepts from accounting and finance to the analysis of business plans and company valuation. Assessment Methods Period of Study Method Name CATS (Credit) Assessment Description Full Year Standard 12 1.5 hour Examination (80%) 1500 word assignment (20%) Full Year Standard 15 1.5 hour Examination (80%) 2000 word assignment (20%) Autumn Term only Not Available Not Available Not Available Autumn & Spring Terms Visiting (VA) 12 2000 word assignment (100%) Spring Term only Visiting (VA) 12 2000 word assignment (100%)
WBS%20UG%20Exchange%20Student%20Module%20Handbook%202017-2018.docx