Key words
Financial analysis
Objectives
- Learning to evaluate the financial statements of a company, which are not only important for the management, but primarily for external assessors: the users of financial statements are wide ranging and include a variety of stakeholders.
- Analysing a company's financial situation and health of the past years; the conclusions of this study allow to make predictions for the future financial situation.
- Through the exercises the student will learn to critically interpret financial ratios and to understand financial reports. He will be able to look in detail at a company's performance.
- Attitudes:
- being able to critically evaluate financial information
- adopting a critical attitude towards information
- acquiring accuracy and precision
- being able to work as a team
Topics
- Study of the annual accounts: balance sheet, income statement and appropriation account.
- Transformation of the annual accounts prescrubed by the Belgian law into a statement for analytical purposes.
- Comparisons over time and company comparisons of financial statements.
- Ratio- analysis: liquidity, solvency and profitability ratios are used to interpret the financial health of a company
- Analysing and interpreting cashflow statements
Prerequisites
general bookkeeping
Final Objectives
cp. objectives and topics
Materials used
Teachers' course (some: 300 pages)
Study costs
Determined under hogeschool rules.
Copies: unit price.
Study guidance
Guided selfstudy
Teaching Methods
Lectures - Case-studies - exercises - guided self study
Assessment
- First exam session: permanent evaluation (40%) - written exam (60%)
- Second exam session: written exam (100%)
- Examination Board Flemish Community:
first and second exam session: 100 % written exam
Lecturer(s)
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