Programme

PGP

Term

IV

Academic Year

2021-22

Course title

Financial Statement Analysis

Area

Finance and Accounting

Credits

0.75

Instructor(s)

Prof. Shailesh Gandhi (VF)

Course Description & Objectives

Objectives: Accounting and its end product – financial statements – play an extremely important role in the dynamic world economy. The financial statements serve as a foundation for tasks such as credit and security analyses, lending and investment decisions and other decisions that rely on financial data. This course explores in greater depth selected generally accepted accounting principles and financial reporting. The objective is to give an exposure on formulating and implementing accounting policy, and the use of policy guidance in understanding the financial results better. The focus would be on “substance over form” while understanding the spirit of the policy statements, and the factors affecting the quality of financial numbers. Finally, the course helps the students to develop an intuitive approach to researching, interpreting, and analyzing financial statements.  The course is built upon the building block course “Financial Reporting & Analysis (FRA)” offered in the first term which covers preparation of financial statements, basic understanding of a few accounting policies and ratio analysis.

Pedagogy

The pedagogy would primarily involve exercises and case analysis. Each exercise/case would have background reading material related to the situation described in that exercise/case.