Course teached as: B013882 - ANALISI DI BILANCIO Second Cycle Degree in ACCOUNTING FOR CERTIFIED PUBLIC ACCOUNTANTS
Teaching Language
Italian
Course Content
The pivotal concept of Financial Statement Analysis Class is represented by the Cash
Flow Statement: our focus is on how to prepare it and interpret its contents.
Other related topics are:
• earnings management;
• balance sheet statement and income statement “reformulation”;
• accounting data quality and earnings management;
• profitability analysis;
• solvency analysis;
• risk analysis
www.analisidibilancio.it.
The main topics the class deals with are analyzed in several very good international
handbooks. Four of them are particularly interesting:
– S.H. Penman, Financial Statement Analysis and Securities Valuation, McGraw
Hill International Edition, 2010.
– C.P. Stickney – P. R. Brown – J. M. Wahlen, Financial Reporting, Financial
Statement Analysis, and Valuation, Thomson South-Western, 2007.
– K. R. Subramanyam – J. J. Wild, Financial Statement Analysis, McGraw Hill-
Irwin, 2009.
– G. I. White – A. C. Sondhi – D. Fried, The Analysis and Use of Financial Statements,
John Wiley, 2003.
Students are free to choose the source to draw from. Once your choice made, only a few
selected chapters should be studied. The chapters that are the most related to the class
contents are:
• Penman: 3, 7-11, 17-19;
• Stickney: 1, 3-6;
• Subramanyam: 1, 2, 6-8, 10
• White: 2-4, 17-18
Clearly, a student is free to shape his/her personal booklet, by gathering chapters selected
from the recommended handbooks.
Type of Assessment
The final exam is a written test.
Students have to analyze the financial statements of a real company. They have to work out two separate documents:
a) accounting report;
b) narrative report.
More details are on www.analisidibilancio.it.
Course program
Visit our class website:
www.analisidibilancio.it.
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