GRA 6273 Financial Statement Analysis and Valuation - RESIT EXAMINATION

GRA 6273 Financial Statement Analysis and Valuation - RESIT EXAMINATION

Course code: 
GRA 6273
Department: 
Accounting, Auditing and Business Analytics
Credits: 
9
Course coordinator: 
Ignacio Garcia de Olalla Lopez
Product category: 
Master
Portfolio: 
Master of Accounting and Auditing
Semester: 
2018 Autumn
Active status: 
Re-sit exam
Resit exam semesters: 
2017 Autumn
2018 Autumn
Resit exam info

First resit examination was autumn 2016. Last resit examination is autumn 2018.

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 Written examination under supervision.
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:Written examination under supervision.
Exam code:GRA62734
Grading scale:ECTS
Resit:Examination when next scheduled course
Exam organisation: 
Ordinary examination
Total weight: 
100
Talis literature

Obligatorisk/Compulsory

Book
Authors/Editors År Tittel Edition Publisher StudentNote
Penman, Stephen H. cop. 2013 Financial statement analysis and security valuation 5th ed., International ed McGraw-Hill Siste utgave er pensum
Document
Authors/Editors År Tittel Edition Publisher StudentNote
Artikkelsamling
Book
Authors/Editors År Tittel Edition Publisher StudentNote
Gjesdal, Frøystein; Johnsen, Thore 1999 Kravsetting, lønnsomhetsmåling og verdivurdering Cappelen akademisk forl
Palepu, Krishna G.; Peek, Erik; Healy, Paul M. cop. 2013 Business analysis and valuation: IFRS edition 3rd ed Cengage Learning
Koller, Tim; Goedhart, Marc; Wessels, David cop. 2015 Valuation: measuring and managing the value of companies 6th ed Wiley

No importance set

No type set
Authors/Editors År Tittel Edition Publisher StudentNote

Notes to students:

I løpet av kurset kan det bli delt ut materiale på flere emner som er relevante for kurset og eksamen