GRA 6273 Financial Statement Analysis and Valuation - RESIT EXAMINATION
GRA 6273 Financial Statement Analysis and Valuation - RESIT EXAMINATION
First resit examination was autumn 2016.
An auditor must possess strong competencies in financial statement analysis and valuation.
Financial Statement Analysis:
The course demonstrates how financial information can be used to evaluate a companys past performance and present circumstances to be able to contemplate what might transpire in the future.
In performing preliminary analytical procedures, financial statement analysis is an important part of understanding the clients business and assessing client business risk. Unusual changes in ratios compared to prior years or to industry averages help identify areas having increased risk of misstatements that require further attention during the audit.
An auditor also need to evaluate whether the client is likely to continue as a going concern and must therefore evaluate the financial health of the business.
Valuation:
Under IFRS 3, the acquirer shall measure the cost of a business combination allocate that cost to the assets acquired, both tangible and intangible, and the liabilities and contingent liabilities assumed. Under IAS 36, an entity is required to conduct impairment tests for its assets to see whether it has incurred any impairment losses. In recent years accounting standards have put an increased emphasis on fair value accounting.
Cost allocation under IFRS 3, impairment testing under IFRS 36 as well as fair value accounting require that auditors have good skills in applying different valuation techniques.
This course provides both a sound theoretical framework for valuation and a thorough discussion of how valuations are actually done in the real world. .
The course aims to provide a systematic framework for how accounting information may be processed, interpreted and applied in various decision situations. Furthermore, the aim is to give students a detailed insight into various valuation models, and by working on cases the students will have the opportunity to apply interdisciplinary insights into various valuation situations.
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- Use of financial statement analysis within the audit profession
- Accounting and performance qualityt
- Analysis of income statement and balance sheet
- Analysis of cash flows
- Analyses of key figures
- Growth analyses
- Forecasts
- Use of financial statement analysis within the audit profession
- Valuation models
- Stipulation of the required rate of return
- Analysis of credit risk
Please note that while attendance is not compulsory in all courses, it is the student’s own responsibility to obtain any information provided in class that is not included on It's learning or text book.
All courses in the Masters programme will assume that students have fulfilled the admission requirements for the programme. In addition, courses in second, third and/or fourth semester can have specific prerequisites and will assume that students have followed normal study progression. For double degree and exchange students, please note that equivalent courses are accepted.
Exam category | Weight | Invigilation | Duration | Support materials | Grouping | Comment exam |
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Exam category: Submission Form of assessment: Written submission Exam code: GRA62732 Grading scale: ECTS Grading rules: - Resit: Examination when next scheduled course | 25 | No | 14 Day(s) | Group/Individual | ||
Exam category: Submission Form of assessment: Written submission Exam code: GRA62733 Grading scale: ECTS Grading rules: - Resit: Examination when next scheduled course | 25 | No | 14 Day(s) | Group/Individual | ||
Exam category: Submission Form of assessment: Written submission Exam code: GRA62734 Grading scale: ECTS Grading rules: - Resit: Examination when next scheduled course | 50 | Yes | 3 Hour(s) |
| Individual |
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 9 ECTS credit corresponds to a workload of at least 240 hours.