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BAEcon Economics and Philosophy / Course details
Year of entry: 2023
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Course unit details:
Financial Statement Analysis
|Unit level||Level 2|
|Teaching period(s)||Semester 1|
|Available as a free choice unit?||No|
Information needs of different stakeholders;
Linking the interpretation of financial statements to an organization's core competitive and sustainability strategies, risks and opportunities;
Role and importance of narrative reporting;
Perspectives on the quality and reliability of accounting information;
Accounting and financial ratio calculation and interpretation.
|Unit title||Unit code||Requirement type||Description|
|Financial Decision Making||BMAN10522||Pre-Requisite||Compulsory|
|Fundamentals of Finance||BMAN10552||Pre-Requisite||Compulsory|
|Financial Decision Making M||BMAN10522M||Pre-Requisite||Compulsory|
|Fundamentals of Financial Reporting A||BMAN10621A||Pre-Requisite||Compulsory|
|Fundamentals of Financial Reporting||BMAN10621M||Pre-Requisite||Compulsory|
|Fundamentals of Financial Reporting B||BMAN10621B||Pre-Requisite||Compulsory|
BMAN10501 and BMAN10522 or
BMAN10621 (A), (B) or (M); and BMAN10522 or BMAN10522(M) or
BMAN10621 (A),(B) or (M); and BMAN10552 subject to passing the BMAN10552 examination at 60% or above.
Dependent course units: BMAN30190 (Only available to students specialising in Finance either singly or jointly and provided all the following area pre-requisites have been passed BMAN23000 (A) or (B), BMAN20072 and BMAN20081).
Dependent course units BMAN31000 (Only available to students specialising in Accounting, including Business Accounting, either singly or jointly and provided all the following area pre-requisites have been passed BMAN21020, BMAN21040, and BMAN20081. In addition BMAN23000A or BMAN23000B must have been passed or is being taken as a co-requisite with BMAN31000).
Pre-requisite course units have to be passed by 40% or above at the first attempt unless a higher percentage is indicated within this course outline. If the pre-requisite unit is defined as a compulsory course unit within your programme of study (Maths with Finance, IBFE, Accounting, BA Econ pathways for example) then progression onto the dependent unit is permitted as long as you have gained the appropriate amount of credit to progress on to the following year of your registered undergraduate programme.
Pre-requisites: see above
The course aims to increase students' knowledge of the theory and practice of financial statement analysis and to place it in its broad societal business, accounting and financial context.
On completion of this course, successful students will be able to:
- Calculate and interpret a range of accounting ratios from the financial statements of large companies;
- Appreciate the complex nature of real life financial statement ratio calculations;
- Understand the role of, and draw upon, the strategic (competitive and sustainability) context of a business in interpreting that business's financial statements;
- Effectively interpret financial statements from the perspective of the forward-looking information needs of different stakeholders;
- Understand a range of factors that can indicate the quality and reliability of financial statement information;
- Appreciate the various sources of data that may be useful in analysing the position, performance and future prospects of a firm;
Teaching and learning methods
Lectures and workshops:
20 lecture hours ( 2 hours per week over 10 weeks ) including one clinic session of 1 hour.
4 workshop hours (1 hour per week in 4 different weeks). 1 hour will comprise of assessed group presentations
2 hour examination
74 private study hours
Total study hours: 100 hours split between lectures, classes, self-study and preparation for classes, coursework and examinations.
Informal Contact Methods
1. Office Hours
2. Online Discussion Board
- Group/team working
- A key part of the employability skills development on this module is the group project, which is 20% of the overall assessment, where students work in teams to research companies using databases and financial statement interpretation and present back which of them would be a suitable investment for a particular investor.
- − Problem solving – analysing a problem and identify all options − Decision making – using data in order to predict future outcomes − Communication – use persuasion to change another’s point of view and sharing information and knowledge that helps others succeed − Consideration – demonstrating an awareness of social and environmental responsibility − Adding value – showing an understanding of stakeholder needs.
Group presentation (20%) Examination (80%)
Methods of Feedback to Students
• Informal advice and discussion during a lecture, seminar, workshop or lab.
• Responses to student emails and questions from a member of staff including feedback provided to a group via an online discussion forum.
• Specific course related feedback documents and sessions.
• Group feedback sheet plus generic feedback for group presentation
• Generic feedback posted on Blackboard regarding overall examination performance.
Palepu, K., Healy, P. and Peek, E. (2019) Business Analysis and Evaluation – IFRS Standards Edition, Cengage, Fifth edition
Deegan C & Unerman J (2011), Financial Accounting Theory, 2nd European ed, McGraw Hill
|Scheduled activity hours|
|Assessment written exam||2|
|Practical classes & workshops||4|
|Independent study hours|
|Vlad-Andrei Porumb||Unit coordinator|
|Anne Stafford||Unit coordinator|
Programme Restrictions: There are no programme restrictions for this course providing the pre-requisites listed above are met.
BMAN20081 is available to study abroad and exchange students admitted through the University of Manchester International Programmes Office.
For Academic Year 2023/24
Updated: March 2023
Approved by: March UG Committee