Analysis of Firms & Financial Statements

The subject is a capstone subject in accounting. The subject is designed to teach the underlying concepts and applied contemporary techniques that enable the users of financial reports to assess the performance of a firm, value a firm and evaluate its managers. The course is seen as an extension and integration of both accounting and the also the finance, economics and statistics subjects you studied earlier in your degree. The applied concepts taught will be useful to students in practice both as preparers and as users. The objective of this course is to equip students with both the concepts and techniques to be able to: (a) understand that information is imperfect and be able to understand the determinants of bias and random errors in information (b) use financial reports to assess the level and drivers of firm performance; (c) value firms and (d) consider whether markets are efficient in the use of information and if regulation over the production of external financial reports (and other information) is required.

运用财务报表评估企业绩效与价值。

• 1Explain the impact of financial reports on economic activity;
• 2Analyse the principles and incentives associated with the recognition and measurement of a firm's economic activity in financial reports and the biases and random errors that occur;
• 3Discuss the tools and frameworks necessary to use financial reports to understand, analyse and evaluate the performance of a firm;
• 4Evaluate the concepts and approaches associated with the use of financial reports for valuation; and
• 5Synthesise the range of emerging issues in financial accounting.