Module

Corporate Reporting and Finance

Module description

The module focuses on four specialised areas of investment analysis whose importance has accelerated significantly with the global expansion of corporates since the 1990s: inter-corporate investment, currency translation, pension accounting and capital structure. It also looks at measures of earnings quality, accruals manipulation and cash flow.

Full module specification

Module title:Corporate Reporting and Finance
Module code:BEFM026
Module level:M
Academic year:2020/1
Module lecturers:
  • Mr Jamie Stevenson - Convenor
Module credit:15
ECTS value:

7.5

Pre-requisites:

None

Co-requisites:

None

Duration of module: Duration (weeks) - term 2:

11

Module aims

This module adds to the material developed in Quantitative Research Methods and Financial Statement Analysis. It aims to improve the depth to which students can analyse financial statements to identify whether and how accurately they report the company’s true financial performance and position.

ILO: Module-specific skills

  • 1. explain US GAAP and IAS rules for treatment of investments, business combinations, pension & other post-retirement liabilities, overseas subsidiaries and corporate governance;
  • 2. analyse and adjust financial statements to achieve true and fair statements of underlying net income, comprehensive income, sustainable cash flow and net equity value.

ILO: Discipline-specific skills

  • 3. demonstrate the ability rigorously to analyse problems in finance;
  • 4. demonstrate ability to interpret financial data and reach conclusions about a company’s historic and likely future performance and shareholder value;
  • 5. demonstrate the ability to access a wide body of empirical research literature and critically appraise it.

ILO: Personal and key skills

  • 6. plan and manage his/her own study both individually and within a group;
  • 7. make appropriate use of learning resources, including sophisticated computer datasets;
  • 8. analyse critically problems arising in both academic and practical contexts;
  • 9. present effectively results and achievements of individual and collaborative projects as developed through the mode of instruction using both individual and group assignments.

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad
331170

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Scheduled Learning and Teaching Activity22Lectures
Scheduled Learning and Teaching Activity11Tutorials
Guided Independent Study117Reading, research, reflect; Preparation for assessments

Summative assessment (% of credit)

CourseworkWritten examsPractical exams
20800

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
One piece of assessed group work,e of assessed group work,203000 words1-9Written feedback
Examination802 hours1-9Exam grade

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
Assessed group workRe-submission (3,000 words 20%)1-9August/September Reassessment Period
ExaminationExamination (2 hours, 80%)1-9August/September Reassessment Period

Syllabus plan

  • Analysing the firm’s environment;
  • Accounting: Analysis of inter-corporate investments;
  • Analysis of business combinations;
  • Measuring accounting exposure;
  • Analysis of multinational operations;
  • International Accounting Standards and US GAAP contrasted;
  • Understanding retirement benefit accounting and disclosures for financial analysis;
  • Assessing the quality and sustainability of a company’s reported net income

Indicative learning resources - Basic reading

Quantitative Methods for Investment Analysis, Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, and David E. Runkle (AIMR, 2001)

The Analysis and Use of Financial Statements, 2nd edition, Gerald I. White, Ashwinpaul C. Sondhi, and Dov Fried (Wiley, 1998)

Module has an active ELE page?

Yes

Origin date

16/07/2014

Last revision date

07/09/2020