Class notes
Aantekeningen Financial Statement Analysis for A&C
- Course
- Institution
- Book
Overview of College notes Financial Statement Analysis for A&C (Business Administration RUG) (EBB116A05)
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
Summary book for Reporting, analysis and Valuation
-
Financial Statement Analysis for A&C samenvatting - Chapter 1-10
-
Financial Statement Analysis
Seller
Follow
Arjan456
Reviews received
Content preview
Financial statement Analysis –Aantekeningen
Tentamen online → open boek tentamen
First exam is easier, resit is harder
Inhoud
Week 1: Framework and Strategy Analysis ............................................................................................. 2
Lecture 1: Frame work and Strategy Analysis (Chapter 1 and 2) ........................................................ 2
Week 2: Accounting Analysis................................................................................................................... 5
Lecture 2: Accounting Analysis (Chapter 3 and 4)............................................................................... 5
Week 3: Financial Analysis ...................................................................................................................... 9
Lecture 3: Financial Analysis (Chapter 5) ............................................................................................ 9
Week 4: Prospective Analysis – Forecasting ......................................................................................... 17
Lecture 4: Prospective Analysis – Forecasting (Chapter 6) ............................................................... 17
Week 5: Prospective Analysis – Business Valuation.............................................................................. 19
Lecture 5: Prospective Analysis – Business Valuation (Chapter 7 and 8) .......................................... 19
Week 6: Equity security Analysis and Credit Analysis ........................................................................... 25
Lecture 6: Equity Security Analysis and Credit Analysis (Chapter 9 and 10) ..................................... 25
1
,Week 1: Framework and Strategy Analysis
Lecture 1: Frame work and Strategy Analysis (Chapter 1 and 2)
SEC = security exchange commission
Auditors scandals → Arthur Andersen – Lehman brothers
Chapter 1: A framework for business analysis and valuation using financial statements
Financial statement analysis: (components)
1. Business analysis using financial statements
2. Valuation
Purpose/doel:
- Security analysis
- Credit analysis
- Merger and acquisitions analysis
- General business analysis
- Audit risk analysis
The function of capital markets
Problems:
- Information asymmetry;
- Incentive problems;
- Expertise asymmetry.
2
,From business activities to financial statements:
US ues US GAAP not IFRS
➔ Report in US general Accepted accounting principals
IFRS is principal standard
In every financial statement you need to make choices
That is because there is opportunity to make manipulations errors
Product of financial reporting:
- Managers have superior information on business activities and are the prepare of financial
statements;
- Unique source of public data.
But,
- Noise from estimation errors
- Managers may have personal interests which differ from the one of other stakeholders
(Jensen and Meckling, 1976).
3
, Figuur 1.3 Analysis using financial statements
1. Business strategy analysis
2. Accounting analysis
3. Financial analysis
4. Prospective analysis
Chapter 2: Strategy analysis
Cost leadership differentiation (Ferrari)
- Low costs - unique products
4
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Arjan456. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $3.23. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now