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Unit of Study

Financial Statement Analysis
UoS Code ACCT6003
Credit points 6
Offered Semester 1 and Semester 2
Prerequisites ACCT5001 and FINC5001
Corequisites
Prohibitions
Assumed Knowledge QBUS5001 or QBUS5002
Additional Information ACCT6003 assumes knowledge of basic statistics and econometrics that are covered in QBUS5001/5002. ACCT6003 requires the analysis of data, transformations, understanding of distributions, expectations, variance, regression analysis, data graphing.
Lectures 39 hours face-to-face: 13x 2hr lectures + 6x 1hr workshops + 7x 1hr labs.
Assessment mid-semester examination (20%), equity analysis assignment plus weekly behavioural forecasting (30%), final examination (50%)
Description This unit helps studentsdevelop an understanding of the techniques of financial statement analysis for the appraisal of equity investment, credit evaluation, risk analysis, prediction of corporate failure, competitor analysis and industry standing, and valuation for takeover/restructuring. The primary purpose is to develop an understanding of these techniques, as well as the inherent difficulties in their application, as well as their limitations. Emphasis is provided on the analysis of earnings quality and accounting-based valuation methods.