Essential concepts of financial analysis
EM054M2WA1
Semestre
A
Discipline
Finance
Volume horaire
27 H
Nombre de places
45
Ouvert aux visitants
Oui
Langue
EN
Responsable
Hava ORKUT
Liste des intervenants
| Intervenant(s) | Volume horaire CM | |
|---|---|---|
| Hava ORKUT | horkut@em-strasbourg.eu | 27 h |
Contribution pédagogique du cours au programme
Aucune contribution pédagogique associé à ce cours pour ce programme.Descriptif
The course provides an overview of the key concepts used to conduct a financial and stock market analysis. The introduction points out the growing importance of reliable financial statements in a globalization context. The first part covers the financial accounts. The second part covers the most frequently used measures and techniques to conduct a financial accounts'analysis. In this section, particular attention is paid to value creation for shareholders. The last part covers the tools and techniques used to conduct a stock market analysis. Oral interaction in class will be facilitated by the numerous quiz which will be answered. Lecture organization (27 hours in total) : synchronous (face-to-face) lectures (18 hours) and asynchronous lectures (online, 9 hours) Evaluation : 5% (online quizzes), 25% (midterm exam) and 70% (final exam)Organisation pédagogique
Face-to-face
- Lectures- Tutorials
- E-learning
In group
Aucun élément de cette liste n'a été coché.Interaction
Aucun élément de cette liste n'a été coché.Others
- InternshipsObjectifs pédagogiques
Cognitive domain
A l'issue du cours, l'étudiant(e) devrait être capable de / d'...- - (niv. 2) Explain the growing importance of effective accounting systems and reliable financial documents in the context of an accelerated globalization.
- - (niv. 2) Describe the nature of the major financial documents (income statement, balance sheet and cash flow statement), their underlying principles and respective interdependencies.
- - (niv. 3) Demonstrate the fundamental steps of a financial analysis (margin analysis, efficiency analysis, financing, profitability and risk analysis)
- - (niv. 3) Compute key financial analysis and stock market analysis indicators
- - (niv. 4) Analyze the accounting ratios and stock market indicators to point out the strengths and weaknesses of a financial situation
- - (niv. 4) Distinguish between accounting and economic indicators
- - (niv. 4) Examine risk measures (liquidity ratio, gearing ratio) to point out certain areas of risk such as high financial leverage and distinguish between high returns driven by risk and true value creation
Affective domain
A l'issue du cours, l'étudiant(e) devrait être capable de / d'...Aucun affective domain n'a pour le moment été associé à ce cours.
Objectifs de développement durable abordés
Aucun objectif de développement durable n'a été coché.
Plan / Sommaire
I General introduction (1 hour) II Financial accounts (6 hours) 1. Accounting: A crucial information source for decision making 2. Profit and loss statement 3. Balance sheet 4. Cash flow statement 5. Statement of changes in equity 6. Relationships between financial statements III Financial accounts'analysis (8 hours) 1. From financial accounts to financial analysis 2. Profitability analysis 3. Efficiency analysis 4. Value creation and performance measurement 5. Risk analysis and financial leverage 6. How to conduct a financial analysis? IV Stock market analysis (4 hours) 1. Key financial concepts for shares 2. Market multiples 3. How to conduct a stock market analysis? V General conclusion (1 hour)Prérequis nécessaires
Connaissances en / Notions clés à maîtriser
Basic knowledge in - Accounting - Corporate financeSupports pédagogiques
Mandatory tools for the course
- Computer- Calculator
Documents in all formats
- Photocopies- Worksheets
Moodle platform
- Upload of class documents- Assessments
Software
Aucun élément de cette liste n'a été coché.Additional electronic platforms
Aucun élément de cette liste n'a été coché.Bibliographie recommandée
Ouvrages principaux
CORPORATE FINANCE: THEORY AND PRACTICE (Paperback) by Pascal Quiry (Author), Maurizio Dallocchio (Author), Yann le Fur (Author), Antonio Salvi (Author) Publisher: John Wiley CROSSKNOWLEDGE PLATFORM EM-Essential concepts in finance : the financial statements CROSSKNOWLEDGE PLATFORM EM-Essential concepts in finance : FINANCIAL ANALYSISLittérature complémentaire
VERNIMMEN newsletter:http://www.vernimmen.com/html/letter/index.php lettre VERNIMMEN: http://www.vernimmen.net/html/lettre/index.php Further references to academic litterature can be found at the end of every chapter of the VERNIMMEN textbookTravaux de recherche de l'EM : Veillez à mobiliser au moins une ressource
Peuvent être renseignés les manuels coordonnés, les traductions de manuel, les études de cas traduites etc…Aucun ouvrage n'a été renseigné.
Modalités d'évaluation
Liste des modalités d'évaluation
Evaluation intermédiaire / contrôle continu 1Séance n° 7 or 8
Ecrite (50 min) / individuelle / Anglais / pondération : 25 %
Précisions : The presence is mandatory.
Ecrite (50 min) / individuelle / Anglais / pondération : 25 %
Précisions : The presence is mandatory.
Evaluation intermédiaire / contrôle continu 2Autre (date, contrôle surprise...) : To be defined
Ecrite (120 min) / individuelle / Anglais / pondération : 5 %
Précisions : The deadline for taking all the quizzes will be indicated in class.
Ecrite (120 min) / individuelle / Anglais / pondération : 5 %
Précisions : The deadline for taking all the quizzes will be indicated in class.
Evaluation finaleSemaine d'examens
Ecrite (110 min) / individuelle / Anglais / pondération : 70 %
Précisions : The presence is mandatory.
Ecrite (110 min) / individuelle / Anglais / pondération : 70 %
Précisions : The presence is mandatory.