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CES8AD

Financial Analysis

 

ECTS Credits : 4 

Duration : 36 hours

Semester : S8

Person in charge :

Ingrid LEROYER, Associate professor,  ingrid.leroyer@mines-nancy.univ-lorraine.fr

Keywords : Financial Financial diagnosis, financial statements , profitability, funding, assessmentand consolidated financial statements, analysis of results (profits), financial balance, profitability

Prerequisites : basics of business accounting (TCM21, S6)

Objective : understand a business’s financial statements, present the tools and concepts used in financial analysisevaluate the financial health of a company

Program and content :

  • Teaching goals
Make a business’s financial statements (balance sheet, income statement, cash flow statement) understandable. Explain the basic concepts of financial analysis. Present the tools which are currently being used. Make students aware of the issues currently encountered by financial analysts (profits distribution policy, impact of the payment time, profitability / risk assessment and rating by financial agencies, etc.).
  • Program

• Reminder on business accounting + complementary elements (accounting information provided by financial statements, allocation of earnings/losses, various adjustments for financial analysis)

• Basic principles of financial analysis and frequently used tools (economic analysis of earnings/losses: intermediate balances, cash flow, activity ratios)

• Functional balance sheet analysis, leading to financial balance.

• Analysis of resources and expenditures: cash flow statement

• Financial diagnosis : general approach and key steps

• Funding sources : leverage effect

• Business assessment : rating

• Consolidated accounts (Ernst and Young EY)

  • Valuation method

L'’évaluation sera basée sur la note du  projet d'étude des comptes d'une entreprise (diagnostic des comptes d'une entreprise réelle) et sur la note de l’'examen final.

Evaluation will be based on the mark of the project (relative to the study of real company accounts) and on the mark of the final examination.

 

Abilities: 

Levels

Description and operational vocabulary

Know 

 The executive frame in which is produced the accounting information necessary for the elaboration of the financial diagnosis

Comprendre 

 The stakes in financial terms of the current and decisions of corporate management

Appliquer 

 Techniques of calculation of financial indicators

Analyser 

 The strengths and weaknesses of a company in financial subject

Synthétiser

 The set of the conclusions pulled of the reading of the set of indicators and to emit recommendations

Évaluer

 The performance of a company in financial terms (= make a financial diagnosis)

Evaluation :

  •  Written test
  •  Continuous assessment
  •  Oral presentation
  •  Project
  •  Written report