Course Outline ACCT3610 PDF

Preview

Summary

Course Outline ACCT3610...

Description

UNSW Business School Course Outline

ACCT3610 Business Analysis and Valuation - 2020 Study Level Undergraduate

Term Term 1

business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

UOC 6 Units of Credit

Location On Campus

School Accounting

| Printed: 2/5/2020 | 1 of 19

1. Course Details Summary of Course This course focuses on the analysis of financial information arising primarily from the financial reports of firms.Fundamental analysis techniques are examined in detail with particular emphasis on the application of these techniques in equity (share) valuation decisions. Attention is also given to credit assessment and debt valuation decisions. The techniques are applied in cases and projects involving listed companies. Topics considered include fundamental ratio analysis using reported and ' off-balance sheet' information,an analysis of accrual accounting and cash flows, the analysis of profitability, growth and valuation generation in a firm, determining the quality of financial reports, forecasting earnings and cash flows, pro-forma analysis for strategy and planning, analysis of risk, and a comparison of alternative valuation models.There is a specific focus on data analytics throughout the course.

Teaching Times and Locations Please note that teaching times and locations are subject to change.Students are strongly advised to refer to the Class Timetable website for the most up-to-date teaching times and locations. View course timetable

Course Policies & Support The Business School expects that you are familiar with the contents of this course outline and the UNSW and Business School learning expectations, rules, policies and support services as listed below: Program Learning Outcomes Academic Integrity and Plagiarism Student Responsibilities and Conduct Special Consideration Protocol for Viewing Final Exam Scripts Student Learning Support Services Further information is provided in the Assessment and Policies and Support sections. Students may not circulate or post online any course materials such as handouts, exams, syllabus or similar resources from their courses without the written permission of their instructor.

Course Aims and Relationship to Other Courses Business Analysis and Valuation is a capstone course that brings together areas of financial accounting, finance and strategic management. This course is offered by the School of Accounting and is generally taken as an elective or Disciplinary Specialisation course in the Master of Commerce or Master of Professional Accounting degrees. Because of the interdisciplinary nature of the course, this course aims to synthesize and apply what you learnt in previous courses, to further develop the graduate attributes, and to prepare you for the professional career. This course is a very useful preparatory course for the CPA, CA and CFA programs. Due to the applied nature of the course, it is helpful to those contemplating careers in investment banking business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

| Printed: 2/5/2020 | 2 of 19

(particularly in equity research), security analysis, funds management, financial planning, business consulting, corporate finance and public accounting. The course also has wide application in personal investment activities.

Student Learning Outcomes The Course Learning Outcomes (CLOs) are what you should be able to demonstrate by the end of this course, if you participate fully in learning activities and successfully complete the assessment items. CLOs also contribute to your achievement of the Program Learning Outcomes (PLOs), which are developed across the duration of a program for all coursework students in the Business School. More information on PLOs is available under Policies and Support . PLOs are, in turn, directly linked to UNSW graduate capabilities and the aspiration to develop “globally focussed graduates who are rigorous scholars, capable of leadership and professional practice in an international community”. The following table shows how the CLOs for this course relate to the overall PLOs and indicates where each CLO and PLO is assessed:

Course Learning Outcomes

Program Learning Outcomes

On successful completion of the course, you should be able to:

This course helps you to This learning outcome will be assessed in the following develop the following Program Learning items: Outcomes:

Explain the linkage between strategic business analysis, accounting analysis and financial analysis. Identify and utilize relevant information contained information contained in financial statements Identify and analyse issues relating to accounting quality. Prepare and substantiate a valuation that incorporates the strategic, accounting and financial activities of a business entity. Construct written work which is logically and professionally presented.

Communicate ideas in a succinct and clear manner.

Work collaboratively to complete tasks.

business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

Course Assessment Item

PLO 1: Business knowledge

Major Project Weekly hand-ins (class participation) Exam

PLO 1: Business knowledge PLO 2: Problem solving

Major Project Weekly hand-ins (class participation) Exam

PLO 1: Business knowledge PLO 3: Business communication PLO 4: Teamwork

Major Project

PLO 1: Business knowledge PLO 3: Business communication PLO 4: Teamwork

Presentation of Major Project Weekly hand-ins (class participation)

PLO 4: Teamwork

Major Projects Weekly hand-ins (class participation)

| Printed: 2/5/2020 | 3 of 19

Course Learning Outcomes

Program Learning Outcomes

Identify and assess environmental and sustainability considerations in valuation and portfolio construction.

PLO 1: Business knowledge PLO 5: Responsible business practice

business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

Course Assessment Item Major Projects Exam

| Printed: 2/5/2020 | 4 of 19

2. Staff Contact Details Position Title

Name

Email

Location

Phone

Consultation Times

Lecturer- Mr incharge

Bakhtawer Samrai

Email

Room 3109, Quadrangle Building – Ref E15

9385 5907

TBA

business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

| Printed: 2/5/2020 | 5 of 19

3. Learning and Teaching Activities Approach to Learning and Teaching in the Course This course helps you to apply the accounting knowledge and skills you acquired in previous courses to analyse and determine the value of a company in the real business world. We will explain basic techniques and principles of financial statement analysis in seminars. We will use case studies extensively to illustrate how to analyse and value a business. To gain most from this course, you are encouraged to think critically and participate actively in the class discussion. You also need to develop an appreciation of the link between qualitative and quantitative analysis. To achieve this, preparations before classes are essential. You also have a chance to analyse and value a real company, which requires you to take initiatives and work effectively in a group environment.

Learning Activities and Teaching Strategies Seminar Procedure There will be one three-hour seminar each week. Seminars might typically involve a one- hour lecture component and a workshop component that either precedes or follows the lecture. The workshop may be used to discuss a case, review assigned problems or practice skills. We will then discuss the findings of the weekly task. It is essential that, prior to a seminar, you read the relevant course materials and prepare written responses to any assigned/case study questions. Seminar/case study questions often require additional research beyond the normal prescribed readings.

Self Study Self study is a key element of the learning design of this course. In most sessions readings and self study materials will be provided in class and/or posted on Moodle to facilitate deeper learning of core elements of the course. The aim of these self-study materials is to encourage you to assume responsibility in the learning process, and to broaden your understanding of the material covered in class. Please note that there are no readings sets required to be purchased at the start of the course.

business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

| Printed: 2/5/2020 | 6 of 19

4. Assessment Formal Requirements In order to pass this course, you must: achieve a composite mark of at least 50 out of 100; meet any additional requirements described in the Assessment Summary section. You are expected to attempt all assessment requirements in the course.

Assessment Structure Assessment Task Class Participation which will incorporate Data Analytics exercises where applicable. Major Project - Individual component

Major Project - Group component Final Exam Total

Weighting 20%

15%

25% 40% 100%

Length

Due Date

Ongoing

Weeks 1 - 5 and 7-10

10 pages

End of Week 4

15 pages

End of Week 9

2 hours

Exam Period

–

–

Assessment Summary As a student at UNSW you are expected to display academic integrity in your work and interactions. Where a student breaches the UNSW Student Code with respect to academic integrity, the University may take disciplinary action under the Student Misconduct Procedure. To assure academic integrity, you may be required to demonstrate reasoning, research and the process of constructing work submitted for assessment. To assist you in understanding what academic integrity means, and how to ensure that you do comply with the UNSW Student Code, it is strongly recommended that you complete the Working with Academic Integrity module before submitting your first assessment task. It is a free, online self-paced Moodle module that should take about one hour to complete. You are expected to complete all assessment tasks for your courses in the School of Accounting. In some courses, there will be a minimum pass mark required on the final exam due to the need to assure individual mastery of specific course learning outcomes for accounting accreditation requirements. Where applicable this is explained in the assessment information below.

Class Participation (20%) The course will be taught in a discussion mode to facilitate thoughtful discussion of the cases. To get the business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

| Printed: 2/5/2020 | 7 of 19

most out of the course, you must be prepared for discussion every week. You should come to class with a list of questions on everything you do not understand, and you should be prepared to discuss your opinions on professional issues. In other words, you do not have to have a specific question to participate; I am very interested in your opinions. Participation marks will be awarded based on your weekly hand-ins. I will be assigning questions or tasks to groups, and sometimes individuals, for each seminar for weeks 1-5 and 7-10. You will submit your responses in class. This work will involve Data Analytics related to practical applications of the lecture material and are designed to make you better at researching and performing financial statement analysis tasks quickly and accurately. This will be hopefully be beneficial in your future careers. For each of weeks the weekly task will be worth 4 marks. Your Week 1 grade and your best 4 weekly grades from weeks 2-5 and 7-10 will count towards your final grade. You cannot be awarded participation grades for a class you do not attend, regardless of the reason for you missing the class. I will provide more details about class participation in the first class.

Major Project (40%) The major project is aimed at developing your understanding of, and practical skills in financial statement analysis and valuation. It is also designed to enhance teamwork, and analytical and communication skills. Upon successful completion of the project you will have acquired a working knowledge and practical skills in undertaking an equity valuation using ‘leading-edge’ financial statement analysis techniques. From experience, the final report often provides excellent evidence of your analytical skills that can presented to prospective employers when applying for jobs. The detailed guidelines of the major project will be handed out in the first class. To complete this project, you are required to: 1. Form syndicates of 4 or 5 members from students in your seminar stream 2. Progressively analyse your company using the strategic, accounting, financial and prospective analysis tools identified in the course 3. Submit your individual report by 3pm Friday 28 June 2019 (end of Week 4). 15% of marks. 4. Submit your final written group project report by 3pm, Friday 2nd August (end of Week 9). 25% of marks. The project is worth 40% of the course assessment. Further details on the nature and requirements of the project will be provided in Week 1 and your progress will be regularly discussed throughout the course.

Final Exam (40%) The final examination will be a two hour examination at a time to be advised via the examination timetable. All material covered in the course is examinable. Further details of the exam will be provided in the Week 10 seminar. The aim of the final exam is to assess if you have achieved an adequate level of technical competency in financial statement analysis and the capacity to apply the technical competency analytically and critically in a business environment.

Assessment Format You will be advised in class 1 of the formatting requirements for the Major Project. Late submission will not be accepted. You will get zero marks for any piece of work you fail to submit on time. It is your responsibility to make sure you meet the deadlines at various stages for your group project.

Assignment Submission Procedure business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

| Printed: 2/5/2020 | 8 of 19

Weekly submissions including guidelines for the Data Analytic tasks will be uploaded during class. You will be advised of the procedure in class 1.

Assessment Feedback Feedback on student performance from formative and summative assessment tasks will be provided to students in a timely manner. Assessment tasks completed within the teaching period of a course, other than a final assessment, will be assessed and students provided with feedback, with or without a provisional result, within 10 working days of submission, under normal circumstances. Feedback on continuous assessment tasks (e.g. laboratory and studio-based, workplace-based, weekly quizzes) will be provided prior to the midpoint of the course.

Special Consideration You can apply for special consideration when illness or other circumstances beyond your control, interfere with your assessment performance (to apply see Special Consideration on the UNSW Current Students page). Special Consideration is primarily intended to provide you with an extra opportunity to demonstrate the level of performance of which you are capable. Special Consideration applications will be assessed centrally by the Case Review Team within Student Lifecycle. The Case Review team will update the online application with the outcome and add any relevant comments. Please note the following: Applications can only be made through Online Services in myUNSW. Applications will not be accepted by teaching staff. The lecturer-in-charge/course coordinator will be automatically notified when you lodge an online application for special consideration. Applying for special consideration does not automatically mean that you will be granted a supplementary exam or other concession. If you experience illness or misadventure in the lead up to an exam or assessment, you must submit an application for special consideration, either prior to the examination taking place, or prior to the assessment submission deadline , except where illness or misadventure prevent you from doing so. If you sit the exam/submit an assignment, you are declaring yourself well enough to do so and are unable to subsequently apply for special consideration. If you become unwell on the day of the exam, you must provide evidence dated within 24 hours of the exam, with your application. The current provisions will continue for exceptional circumstances, for example, if a student falls sick during an exam. Other exceptions will continue to be examined on a case by case basis by the Student Lifecycle team. Special consideration requests do not allow the awarding of additional marks to students. Further information on Business School policy and procedure, as well as supplementary exam dates for the current term, can be found under “Special Consideration” on the Policies and Support page.

Protocol for Viewing Final Exam Scripts The UNSW Business School has set a protocol under which students may view their final exam business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

| Printed: 2/5/2020 | 9 of 19

script. Individual schools within the Faculty may also set up a local process for viewing final exam scripts, so it is important that you check with your School. Further school specific information may be included below. Students in the School of Accounting at the UNSW Business School are able to view their final examination script where they meet the conditions set out at https://www.business.unsw.edu.au/about/ schools/accounting/student-support/viewing-final-examination-scripts Note that specific School procedures take precedence over the more generic Faculty protocol.

Quality Assurance The Business School is actively monitoring student learning and quality of the student experience in all its programs. A random selection of completed assessment tasks may be used for quality assurance, such as to determine the extent to which program learning goals are being achieved. The information is required for accreditation purposes, and aggregated findings will be used to inform changes aimed at improving the quality of Business School programs. All material used for such processes will be treated as confidential.

business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

| Printed: 2/5/2020 | 10 of 19

5. Course Resources The website for this course is on Moodle . The textbook for this course is: Palepu, K. G., P. M. Healy, V. Bernard, S. Wright, M. Bradbury, P. Lee, Business Analysis and Valuation Using Financial Statements: Text and Cases, Asia Pacific 2nd Edition, Cengage Learning, 2014. There is an ebook version of this text that you can download from the UNSW Library website for free (you will only be able to download a limited number of chapters at a time). See Moodle for detailed instructions on how to access the text from the Library. You can also obtain a full ebook from the publisher (Cengage). If you use the code "TAKE10OFF" you will receive a 10% discount.

business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

| Printed: 2/5/2020 | 11 of 19

6. Course Evaluation & Development Feedback is regularly sought from students and continual improvements are made based on this feedback. At the end of this course, you will be asked to complete the myExperience survey , which provides a ...