GRA 6273 Financial Statement Analysis and Valuation - RESIT EXAMINATION

GRA 6273 Financial Statement Analysis and Valuation - RESIT EXAMINATION

Course code: 
GRA 6273
Department: 
Department of Accounting and Operations Management
Credits: 
9
Course coordinator: 
Sverre Dyrnes
Erlend Kvaal
Course name in Norwegian: 
Regnskapsanalyse og verdivurderinger - RESIT EXAMINATION
Product category: 
Master
Portfolio: 
Master of Accounting and Auditing
Semester: 
2017 Autumn
Active status: 
Re-sit exam
Resit exam semesters: 
2017 Autumn
2018 Autumn
Resit exam info

First resit examination was autumn 2016.

Teaching language: 
Norwegian
Course type: 
One semester
Introduction

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 company’s 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 client’s 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. .

Learning outcomes - Knowledge

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.

Learning outcomes - Skills

-

Learning Outcome - Reflection

-

Course content
  • 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
Learning process and requirements to students

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.

Software tools
No specified computer-based tools are required.
Qualifications

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 categoryWeightInvigilationDurationSupport materialsGroupingComment exam
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
GRA62732
Grading scale:
ECTS
Grading rules:
-
Resit:
Examination when next scheduled course
25No 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
25No 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
50Yes3 Hour(s)
  • BI-approved exam calculator
  • Simple calculator
  • Bilingual dictionary
Individual
Exams:
Exam category:Submission
Form of assessment:Written submission
Weight:25
Invigilation:No
Grouping (size):Group/Individual
Support materials:
Duration: 14 Day(s)
Comment:
Exam code:GRA62732
Grading scale:ECTS
Resit:Examination when next scheduled course
Exam category:Submission
Form of assessment:Written submission
Weight:25
Invigilation:No
Grouping (size):Group/Individual
Support materials:
Duration: 14 Day(s)
Comment:
Exam code:GRA62733
Grading scale:ECTS
Resit:Examination when next scheduled course
Exam category:Submission
Form of assessment:Written submission
Weight:50
Invigilation:Yes
Grouping (size):Individual
Support materials:
  • BI-approved exam calculator
  • Simple calculator
  • Bilingual dictionary
Duration:3 Hour(s)
Comment:
Exam code:GRA62734
Grading scale:ECTS
Resit:Examination when next scheduled course
Exam organisation: 
Ordinary examination
Total weight: 
100
Sum workload: 
0

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.