Rhedir gan Bangor Business School

10.000 Credydau neu 5.000 Credyd ECTS

Semester2

Trefnydd: Prof Aziz Jaafar

To provide an overview of techniques used in analysing a company's financial position and performance, and the problems involved.

Financial ratio analysis and interfirm comparison; trend analysis and financial forecasting; dividends, earnings and share valuation; valuation techniques; investment analysis; distress prediction and company acquisitions.

trothwy

D- to D+ (40-49%): No major omissions or inaccuracies in the deployment of information/skills. Some grasp of theoretical/conceptual/practical elements. Integration of theory/practice/information present intermittently in pursuit of the assessed work's objectives.

dda

B- to B+ (60-69%): Very good performance Most of the relevant information accurately deployed. Good grasp of theoretical/conceptual/practical elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Evidence of the use of creative and reflective skills.

rhagorol

A- to A+ (70%+): Outstanding Performance. The relevant information accurately deployed. Excellent grasp of theoretical/conceptual/practice elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Strong evidence of the use of creative and reflective skills.

C- i C+

C- to C+ (50-59%): Much of the relevant information and skills mostly accurately deployed. Adequate grasp of theoretical/conceptual/practical elements. Fair integration of theory/practice/information in the pursuit of the assessed work's objectives. Some evidence of the use of creative and reflective skills.

1. Demonstrate an understanding of interfirm comparisons (comparing one company with another) and trend analysis (comparing performance year-on-year for the same company).

2. Appreciate how financial information is used in capital markets.

3. Demonstrate competence for the purposes of equity valuation.

4. Apply basic and advanced techniques for the purposes of financial forecasting and the assessment of equity and credit risk.

• Literacy - Proficiency in reading and writing through a variety of media
• Numeracy - Proficiency in using numbers at appropriate levels of accuracy
• Computer Literacy - Proficiency in using a varied range of computer software
• Self-Management - Able to work unsupervised in an efficient, punctual and structured manner. To examine the outcomes of tasks and events, and judge levels of quality and importance
• Exploring - Able to investigate, research and consider alternatives
• Information retrieval - Able to access different and multiple sources of information
• Inter-personal - Able to question, actively listen, examine given answers and interact sentistevely with others
• Critical analysis & Problem Solving - Able to deconstruct and analyse problems or complex situations. To find solutions to problems through analyses and exploration of all possibilities using appropriate methods, rescources and creativity.
• Presentation - Able to clearly present information and explanations to an audience. Through the written or oral mode of communication accurately and concisely.
• Teamwork - Able to constructively cooperate with others on a common task, and/or be part of a day-to-day working team
• Management - Able to utilise, coordinate and control resources (human, physical and/or financial)
• Argument - Able to put forward, debate and justify an opinion or a course of action, with an individual or in a wider group setting
• Self-awareness & Reflectivity - Having an awareness of your own strengths, weaknesses, aims and objectives. Able to regularly review, evaluate and reflect upon the performance of yourself and others

• knowledge of some of the contexts in which accounting can be seen as operating (examples of contexts include the legal, ethical, social and natural environment; the accountancy profession; the business entity; the capital markets; the public sector)
• knowledge of the main current technical language and practices of accounting (for example, recognition, measurement and disclosure in financial statements; managerial accounting; auditing; taxation) in a specified socio-economic domain
• knowledge of some of the alternative technical languages and practices of accounting (for example, alternative recognition rules and valuation bases, accounting rules followed in other socio-economic domains, alternative managerial accounting approaches to control and decision-making)
• skills in recording and summarising transactions and other economic events; preparation of financial statements; analysis of the operations of business (for example, decision analysis, performance measurement and management control); financial analysis and projections (for example, analysis of financial ratios, discounted cash flow analysis, budgeting, financial risks)
• knowledge of contemporary theories and empirical evidence concerning accounting in at least one of its contexts (for example, accounting and capital markets; accounting and the firm; accounting and the public sector; accounting and society; accounting and sustainability) and the ability to critically evaluate such theories and evidence age
• knowledge of theories and empirical evidence concerning financial management, risk and the operation of capital markets (in cases of degrees with significant finance content).
• An ability to interpret financial data including that arising in the context of the firm or household from accounting statements and data generated in financial markets. The interpretation may involve analysis using statistical and financial functions and procedures such as are routinely available in spreadsheets (eg Microsoft Excel) and statistical packages. It may assume the skills necessary to manipulate financial data and carry out statistical and econometric tests (e.g. estimation and interpretation of asset pricing models; financial modelling and projections; event studies and residuals analysis; elements of time series analysis, such as serial correlation mean reversion, and stochastic volatility).
• An ability to understand financial statements, and a basic appreciation of the limitations of financial reporting practices and procedures (eg financial statement analysis; the relation between cash flow accounting and accrual accounting; discretionary accounting practices).
• Problem solving and critical analysis: analysing facts and circumstances to determine the cause of a problem and identifying and selecting appropriate solutions.
• Numeracy: the use of quantitative skills to manipulate data, evaluate, estimate and model business problems, functions and phenomena.
• Ability to work with people from a range of cultures.
• Articulating and effectively explaining information.
• Communication and listening including the ability to produce clear, structured business communications in a variety of media.
• Conceptual and critical thinking, analysis, synthesis and evaluation.
• Self-management: a readiness to accept responsibility and flexibility, to be resilient, self-starting and appropriately assertive, to plan, organise and manage time.
• Self reflection: self-analysis and an awareness/sensitivity to diversity in terms of people and cultures. This includes a continuing appetite for development.

Goblygiadau o ran adnoddau ar gyfer myfyrwyr

Although a few copies of this textbook is available in the library, some students may wish to purchase the textbook. In this case, it is acceptable for students to buy the 2012 edition instead of the newest edition which will be published in March 2020 (the latter being more expensive).

Rhestr ddarllen Talis

Rhestr ddarllen

Financial Statement Analysis and Security Valuation by: Stephen Penman

Publisher: McGraw-Hill International (UK) Ltd
Print ISBN: 9780071326407, 0071326405
eText ISBN: 9780077147921, 0077147928
Edition: 5th
Copyright year: 2013

NOTE: A new edition will be published on 10 March 2020

Gorfodol mewn cyrsiau:

• NR43: BA Accounting/Italian year 4 (BA/AIT)
• NR44: BA Accounting/Spanish year 4 (BA/ASP)
• NR41: BA French/Accounting year 4 (BA/FRA)
• NR42: BA German/Accounting year 4 (BA/GA)
• NN4J: BSc Accounting and Finance (4 year with Incorp Found) year 3 (BSC/ACCF1)
• NN4H: BSc Accounting and Finance year 3 (BSC/ACCFIN)
• NN4F: BSc Accounting and Finance year 3 (BSC/ACCFINF)
• N402: BSc Accounting & Finance (with International Experience) year 4 (BSC/ACCFINIE)
• NN4P: BSc Accounting and Finance with Placement Year year 4 (BSC/ACCFINP)
• N406: BSc Accounting and Finance (Bangor International College) year 3 (BSC/BICAF)

Opsiynol mewn cyrsiau:

• NR43: BA Accounting/Italian year 4 (BA/AIT)
• NR44: BA Accounting/Spanish year 4 (BA/ASP)
• N107: BA Business year 3 (BA/BUS)
• NR41: BA French/Accounting year 4 (BA/FRA)
• NR42: BA German/Accounting year 4 (BA/GA)
• NN44: BSc Accounting and Banking with International Experience year 4 (BSC/ABIE)
• NN43: BSc Accounting and Banking year 3 (BSC/ACCB)
• NN46: BSc Accounting and Banking (4 year with Incorp Found) year 3 (BSC/ACCB1)
• NN3F: BSc Accounting and Banking year 3 (BSC/ACCBF)
• NN3P: BSc Acc & Banking with Place Yr year 4 (BSC/ACCBP)
• NL41: BSc Accounting and Economics year 3 (BSC/ACCEC)
• NL4B: BSc Accounting and Economics (4 year with Incorp Foundation) year 3 (BSC/ACCEC1)
• NL4F: BSc Accounting and Economics year 3 (BSC/ACCECF)
• NL4P: BSc Accounting and Economics with Placement Year year 4 (BSC/ACCECP)
• NL42: BSc Accounting and Economics with International Experience year 4 (BSC/AEIE)
• N203: BSc Business Man with Acc (Bangor Uni International College) year 3 (BSC/BICBMA)
• NN24: BSc Management with Account (Bangor International College) year 3 (BSC/BICMNA)
• N2ND: BSc Business Management with Accounting year 3 (BSC/BMA)
• N2NF: BSc Business Man with Account (4 yr with Incorp Foundation) year 3 (BSC/BMA1)
• N3NF: BSc Business Management with Accounting year 3 (BSC/BMAF)
• N2NP: BSc Business Management with Accounting with Placement Year year 4 (BSC/BMAP)
• N2NK: BSc Management with Accounting year 3 (BSC/MWACC)
• N2NL: BSc Management with Accounting (4 year with Incorp Found) year 3 (BSC/MWACC1)