ICM291-Advanced Financial Analysis

Module Provider: ICMA Centre
Number of credits: 10 [5 ECTS credits]
Terms in which taught: Spring term module
Non-modular pre-requisites:
Modules excluded:
Module version for: 2016/7

Module Convenor: Mr Richard Thornton

Email: r.thornton@icmacentre.ac.uk

Summary module description:

Advanced Financial Analysis builds upon the material covered in Part I of Fixed Income and Equity Investments. The module focuses on the main pillars of fundamental top-down equity analysis: the primary aim is to provide an in-depth analysis of how the choices presented by financial standards can impact reported company performance and thus investment decisions. The analytical techniques introduced in this module are widely used in equity analysis by financial analysts and fund managers/traders.

Assessable learning outcomes:
To understand and differentiate how US Generally Accepted Accounting Principles and International Financial Reporting Standards permit a range of allowable accounting practices and treatments and the associated impact this has upon reported earnings

Additional outcomes:
The student will develop familiarity with financial market data and gain experience of manipulating this data in ways closely related to market practice.

Outline content:
Topic 1: Financial reporting systems. Inventory Analysis
Topic 2: The Analysis of Long Lived Assets
Topic 3: The Analysis of Debt. Off balance sheet items.
Topic 4: The Analysis of Business Investments and Business Combinations
Topic 5: The Analysis of Pension Reporting, Taxes, and Global Operations

Brief description of teaching and learning methods:
The module contains several teaching and learning methods to help students achieve the stated objectives:
Full time:
1. Lectures: a two-hour lecture covers each topic.
2. Seminars are based upon non-assessed course work and case studies set by the instructor. Each seminar will also include time for reviewing the various sources of information related to each topic.
3. Discussion board: The Blackboard LMS will be used to maintain a discussion relating to the module.

Contact hours:
  Autumn Spring Summer
Lectures 10
Seminars 5
Guided independent study 85
Total hours by term 100.00
Total hours for module 100.00

Summative Assessment Methods:
Method Percentage
Written exam 75
Class test administered by School 25

Other information on summative assessment:
1 hour multiple choice test 25%
2 hours closed book written examination (answer three questions from a choice of five)

Formative assessment methods:

Penalties for late submission:
Penalties for late submission on this module are in accordance with the University policy. Please refer to page 5 of the Postgraduate Guide to Assessment for further information: http://www.reading.ac.uk/internal/exams/student/exa-guidePG.aspx

Length of examination:

Requirements for a pass:
: 50% weighted average mark

Reassessment arrangements:
By project only, as part of the overall examination arrangements for the MSc programme.

Additional Costs (specified where applicable):
1) Required text books:
2) Specialist equipment or materials:
3) Specialist clothing, footwear or headgear:
4) Printing and binding:
5) Computers and devices with a particular specification:
6) Travel, accommodation and subsistence:

Last updated: 21 December 2016

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