Economic and Financial Analysis

There are five main objectives for this course:

- to provide students with a good understanding of the scope and function of financial analysis at the firm level;

- to provide students with the knowledge of free cash flow calculations methods;

- to provide students with the knowledge of liquidity and credit quality analysis;

- to provide students with the knowledge of costing techniques;

- case studies will develop skills to analyse companies.

This course is intended to provide students with a working knowledge of the principles and practices of financial analysis. The course will survey the major topics concerning financial analysis of an enterprise, including:

analysis of financial statements, analysis of liquidity, analysis of creditworthiness of a company, analysis of break even points and leverage, summary analysis with two case studies.

Literatura podstawowa:

Gibson, H.C., Financial Analysis and Reporting, Thompson Analytics, 2004.

Literatura uzupełniająca:

Britton A., Jorissen A., David Alexander D., International Financial Reporting and Analysis, Cengage Learning EMEA, 2011.

Wiedza:

1. Student knows the structure of financial statements and understand information that they contain.

2. Student knows how to calculate and to measure free cash flows.

3. Student knows how to evaluate liquidity and credit quality of a company.

4. Student knows methods of costing techniques (total costs and marginal cost).

Umiejętności:

1. Student can acquire information from different sources which is necessary for performing financial and economic analysis of the company.

2. Student can interpret different measures concerning assets and liabilities of a company.

3. Student can assess the company liquidity and credit quality.

4. Student should be able to carry out on his/her own the comprehensive analysis of financial situation of a given company.

5. Student should be able to present results of his/her analysis.

Kompetencje społeczne:

1, Student is prepared to work in financial departments and units of different enterprises and institutions as financial analyst.

2. The student should understand the need for continuous education in this area.

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