考文垂大学-商科课程-财务报表分析考试评价标准 PPT课件

1、M17EFA Financial Statement Analysis and Valuation,Exam briefing,1,Exam,2 hour exam 3 compulsory questions each worth equal marks (40 minutes per question) Exam carries 70% weighting (group course work has a weighting of 30%) Each question involves a mix of calculations and narrative (50:50 split ove

2、r exam as a whole) Necessary to be able to understand what you have calculated and comment on your findings / results,2,Overall module mark,To pass module an overall module mark of 40% is required: Coursework mark must be at least 35% Exam mark must be at least 35% Example You attain a mark of 50% i

3、n your presentation and 40% in your exam. Your overall mark for M17EFA is: = (50% x 0.3) + (40% x 0.7) = 15 + 28 = 43%,3,Preparing for your exam,Review class notes, seminar questions / solutions, and recommended reading Learn ratios and other formula Carefully work through questions from seminars En

4、sure that you: Understand various techniques Can apply formula to given scenarios Explain what your calculations mean Can outline any limitations of techniques used,4,Summary of topics studied,Accounting concepts Accounting definitions IASB Framework and IAS 1 Presentation of financial statements Pu

5、rpose of financial statements (IS / SFP / SCF) Content of published financial statements Accounting concepts (accruals, going concern, prudence, etc) Qualitative characteristics of accounting information (comparable, understandable, relevant, reliable),5,Summary of topics studied,Interpretation of f

6、inancial statements Horizontal and vertical analysis Ratio analysis (profitability / efficiency / use of assets / gearing / investor) Interpretation of statements of cash flow Multivariate ratio analysis Limitations of ratio analysis Must learn formula Must be able to comment on what ratio means / i

7、s telling us about company performance,6,Summary of topics studied,Company valuation Asset values Limitations of financial statements Difficulties in attaching a value to intanglibles Leif Edvinsson intellectual capital value tree Key value drivers (strengths and weaknesses, industry structure, inta

8、ngibles, etc) Discounted cash flows (PV tables will be provided) Calculation of business value and shareholder value Market capitalisation / market value Residual income and Economic Value Added,7,Exam technique,Allow sufficient time to properly attempt each question Look at marks available for each

9、 part of the question and allocate time accordingly At the end of 40 minutes, move on to the next question Start the exam by writing a brief plan for each answer and writing down relevant formula You can answer the questions in any order so attempt your best question first (builds confidence) Keep r

10、eferring to the question (are your answering it?),8,Exam technique,Write in short paragraphs, make use of bullet points and headings Write neatly and leave a line between each paragraph Start each question on a new page and clearly indicate question number Show all workings / calculations and formula used Where applicable reference your answer to workings,9,Key Topics,Calculation of ratios and comments on performance Company valuation using: Discounted cash flows Weighted average cost