Financial Analysis II

• GENERAL

SCHOOL	SCHOOL OF ECONOMICS AND BUSINESS
DEPARTMENT	DEPARTMENT OF ECONOMICS AND DEPARTMENT OF ACCOUNTING & FINANCE
LEVEL OF STUDIES	POSTGRADUATE LEVEL
COURSE CODE	MSC0201	SEMESTER OF STUDY		2
COURSE TITLE	FINANCIAL ANALYSIS II
INDEPENDENT TEACHING ACTIVITIES			WEEKLY TEACHING HOURS		CREDIT UNITS
LECTURES			3		8
TYPE OF COURSE	REQUIRED
PREREQUISITE COURSES:	NO
LANGUAGE OF TEACHING AND EXAMINATION:	GREEK / ENGLISH
THE COURSE IS OFFERED TO ERASMUS STUDENTS	NO
ELECTRONIC COURSE PAGE (URL)	https://eclass.uth.gr/

 

 

The aim of the course is to provide the necessary theoretical background in the scientific field of financial analysis and to contrast it with the reality and practice in today’s globalized financial market. Upon completion, the student will have acquired knowledge about: ·       the core principles and techniques of Fundamental Analysis ·       Techniques for examining and interpreting Financial Statements ·       Strategies for identifying, analyzing, and managing financial risks. ·       Methods for Forecasting of Economic Metrics ·       Approaches to assess the intrinsic value of companies and their share capital.

Learning Outcomes

• LEARNING OUTCOMES

 

·       Proficiency in gathering, analyzing, and synthesizing data and information, utilizing essential technological tools. ·       Ability to make informed decisions effectively and independently. ·       Proficiency in both self-directed tasks and group collaboration, effectively balancing autonomy with teamwork. ·       Adaptability and effectiveness in international work environments, appreciating and navigating cultural diversity. ·       Competence in working across various disciplinary boundaries, integrating diverse perspectives. ·       Capacity for initiating and developing innovative research ideas and methodologies. ·       Commitment to respecting and preserving the natural environment, integrating sustainable practices. ·       Innovative, creative, and logical reasoning skills. ·

General skills

 

• COURSE CONTENT

 

An integral distinction between accounting and finance lies in their focus; accounting primarily deals with a business’s past and present, whereas finance is more concerned with future and inherently uncertain business matters. This course aims to integrate these two disciplines into a unified framework. By applying relevant quantitative techniques, we aim to identify, measure, and mitigate credit and financial risks, and determine a company’s value.

 

The course curriculum will cover the following modules:

Financial Analysis Using Accounting Data

• Overview of the Course and Fundamental Value Approach
• Introduction to Fundamental Analysis
• Phases of Fundamental Analysis
• Business Strategy Analysis
• IT Requirements for Fundamental Analysis
• Quality of Accounting Information in Financial Analysis
• Industry Analysis
• Examination of Accounting Data
• Analysis of Financial Indicators
• Comparative and Trend Analysis of Financial Indicators
• Case Study

Financial Risks and Forecasting

• Business Risk Analysis
• Financial Risk Analysis
• Credit Risk Analysis
• Asset and Liability Management
• Historical vs. Future Growth Rates
• Fundamental Factors Influencing Development
• Forecasting Financial Data
• Preparation of Pro Forma Financial Statements
• Case Study

Defining Valuation: Its Significance and Methods

• Comparative Analysis of Relative and Absolute Valuation Models
• Financial Cycles and Their Impact on Valuation
• Detailed Industry Analysis
• Valuation Using Comparable Company Analysis
• Dividend Discount and Free Cash Flow Models
• The Economic Value-Added Model

 

• TEACHING and LEARNING METHODS – EVALUATION

METHOD OF DELIVERY	On Site & Distance learning – Blended learning
USE OF INFORMATION AND COMMUNICATION TECHNOLOGIES	Utilization of a hybrid classroom equipped with a large wall-mounted screen, displaying remote participants. Course connectivity is facilitated through Microsoft Teams, where a camera captures and displays the in-room activities led by the instructor. Course engagement is further enhanced by the use of a Wacom digital pen, enabling interactive lessons through real-time annotations visible on students’ screens. Moreover, the learning experience is supplemented by projecting slides and utilizing an asynchronous educational platform. This platform serves as a repository for course materials, student assignments, and as a communication hub between instructors and students. Additionally, the course incorporates the exploration of electronic journals and resources.
ORGANISATION OF TEACHING		Activity	Semester workload
		Lectures	36
		Study, preparation and presentation of activities	146
		Study and analysis of the literature (preparation of lectures & exams)	55
		Final written examination	3
		Total Course	240
STUDENT ASSESSMENT	The assessment is conducted in Greek or in English and consists of written  examination (70%) and multiple choice quiz (30%) at the end of the semester.

 

 

 

 

 

 

 

• RECOMMENDED-BIBLIOGRAPHY

 

• Apostolou, A., 2015. Analysis of Accounting – Financial Statements. Publications: Calypso e-book.
• Artikis, P., 2014. Value and Risk Management. Publications: Antonakopoulou Eleni.
• Gikas, D., Papadaki, A., Siougle, G., 2010. Analysis & Analysis and Valuation of Enterprises. Publications: Benou
• Mylonas, N., 2012. Financial Models (For Business Decisions). Publications: Hellenic Union of Banks and Print.
• Bodie, , Kane, A., Marcus, A.J., 2014. Utopia.
• Brealey, , Myers, S., Allen, F., 2015. Principles of Business Finance. Published by Utopia.