School/Faculty/Institute Faculty of Economics, Administrative and Social Sciences
Course Code FIN 432
Course Title in English Financial Statement Analysis
Course Title in Turkish Finansal Tablo Analizi
Language of Instruction EN
Type of Course Flipped Classroom
Level of Course Advanced
Semester Spring
Contact Hours per Week
Lecture: 3 Recitation: Lab: Other:
Estimated Student Workload 134 hours per semester
Number of Credits 5 ECTS
Grading Mode Standard Letter Grade
Pre-requisites
ACCT 201 - Financial Accounting
Co-requisites FIN 202 - Finance
Expected Prior Knowledge None
Registration Restrictions Only Undergraduate Students
Overall Educational Objective To understand the framework for business analysis and valuation using financial statement data.
Course Description This course aims to develop an ability to analyze financial information as an aid to financial decision making. The emphasis will be on the usefulness of information for various groups, such as investors of the firm, security analysts and creditors. Basic financial statement analysis tools, such as ratio analysis, cross-sectional and time-series analysis, statistical forecasting models will be covered. Part of this course will be devoted to the research and empirical evidence on the impact of financial statement information on asset pricing, efficiency of the capital markets, debt ratings and corporate restructuring.

Course Learning Outcomes and Competences

Upon successful completion of the course, the learner is expected to be able to:
1) extract relevant information from financial statements and other disclosures to see the underlying business activities and strategy;
2) assess firm performance and risk;
3) assess managerial strategic motives in reporting financial information and ways to adjust for such motives
4) forecast firm future performance
5) value the firm or project
Program Learning Outcomes/Course Learning Outcomes 1 2 3 4 5
1) Thorough knowledge of the major concepts, theoretical perspectives, empirical findings, and historical trends in psychology.
2) Understanding of and ability to apply essential research methods in psychology, including research design, data analysis, and data interpretation.
3) Competence to use critical and creative thinking, skeptical inquiry and a scientific approach to solving problems related to behavior and mental processes.
4) Understanding and ability to apply psychological principles, skills and values in personal, social, and organizational contexts.
5) Ability to weigh evidence, to tolerate ambiguity, and to reflect other values that underpin psychology as a discipline.
6) Internalization and dissemination of professional ethical standards.
7) Demonstration of competence in information technologies, and the ability to use computer and other technologies for purposes related to the pursuit of knowledge in psychology and the broader social sciences.
8) Skills to communicate the knowledge of psychological science effectively, in a variety of formats, in both Turkish and in English (in English, at least CEFR B2 level).
9) Recognition, understanding, and respect for the complexity of sociocultural and international diversity.
10) Recognition for the need for, and the skills to pursue, lifelong learning, inquiry, and self-improvement.
11) Ability to formulate critical hypotheses based on psychological theory and literature, and design studies to test those hypotheses.
12) Ability to acquire knowledge independently, and to plan one’s own learning.
13) Demonstration of advanced competence in the clarity and composition of written work and presentations.

Relation to Program Outcomes and Competences

N None S Supportive H Highly Related
     
Program Outcomes and Competences Level Assessed by
1) Thorough knowledge of the major concepts, theoretical perspectives, empirical findings, and historical trends in psychology. N
2) Understanding of and ability to apply essential research methods in psychology, including research design, data analysis, and data interpretation. N
3) Competence to use critical and creative thinking, skeptical inquiry and a scientific approach to solving problems related to behavior and mental processes. H Exam,HW,Participation
4) Understanding and ability to apply psychological principles, skills and values in personal, social, and organizational contexts. N
5) Ability to weigh evidence, to tolerate ambiguity, and to reflect other values that underpin psychology as a discipline. N
6) Internalization and dissemination of professional ethical standards. N
7) Demonstration of competence in information technologies, and the ability to use computer and other technologies for purposes related to the pursuit of knowledge in psychology and the broader social sciences. N
8) Skills to communicate the knowledge of psychological science effectively, in a variety of formats, in both Turkish and in English (in English, at least CEFR B2 level). N
9) Recognition, understanding, and respect for the complexity of sociocultural and international diversity. S Participation
10) Recognition for the need for, and the skills to pursue, lifelong learning, inquiry, and self-improvement. S HW,Participation
11) Ability to formulate critical hypotheses based on psychological theory and literature, and design studies to test those hypotheses. N
12) Ability to acquire knowledge independently, and to plan one’s own learning. S Exam,HW
13) Demonstration of advanced competence in the clarity and composition of written work and presentations. H Exam,HW
Prepared by and Date SEMEN SON TURAN , May 2023
Course Coordinator CEYHAN MUTLU
Semester Spring
Name of Instructor Prof. Dr. SEMEN SON TURAN

Course Contents

Week Subject
1) Course Access and Self Orientation, Framework for Analysis and Valuation
2) Overview of Financial Statements and Analysis
3) Financial Reporting and Analysis
4) Analyzing Financing Activities
5) 1. Mid-term exam
6) Analyzing Investing Activities
7) Analyzing Investing Activities: Intercorporate Investments
8) Analyzing Operating Activities
9) Cash Flow Analysis
10) 2. Mid-term Exam
11) Return on Invested Capital and Profitability Analysis
12) Prospective Analysis
13) Credit Analysis
14) Equity Analysis and Valuation
15) Final Examination Period
16) Final Examination Period
Required/Recommended ReadingsFinancial Statement Analysis, 11th Edition, By K. R. Subramanyam, Mc Graw Hill ISBN10: 0078110963 ISBN13: 9780078110962 Copyright: 2014
Teaching MethodsLecture (flipped classroom), quiz, participation, exam
Homework and ProjectsNone
Laboratory WorkNone
Computer UsePersonal Notebook
Other ActivitiesNone
Assessment Methods
Assessment Tools Count Weight
Project 1 % 40
Midterm(s) 2 % 60
TOTAL % 100
Course Administration sons@mef.edu.tr

In this course, active participation is key to learning and applying. Thus the grading of the class participation will be done based on the quality of active student participation and contribution to in-class activities. Students are expected to attend all sessions and be in class on time. When they can not attend due to a sickness (which should require a report from a full facility hospital) or an excuse accepted my MEF regulations, they should inform the instructors by mail. As the feedback and questions are very valuable for making the course a distinctive learning experience, students may visit the instructors during office hours or send e mails, for any course related issues. Academic dishonesty and plagiarism will be subject to the YÖK disciplinary regulation.

ECTS Student Workload Estimation

Activity No/Weeks Hours Calculation
No/Weeks per Semester Preparing for the Activity Spent in the Activity Itself Completing the Activity Requirements
Course Hours 14 2 3 2 98
Project 1 12 2 14
Midterm(s) 2 9 2 22
Total Workload 134
Total Workload/25 5.4
ECTS 5