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SYLLABUS

1. Program description
1.1 University
1.2 Faculty
1.3 Department
1.4 Field of study
1.5 Study cycle
1.6 Program of study/ Qualification

Bucharest University of Economic Studies


Finance, Insurance, Banks and Stock Exchanges
Finance
Finance
Master
Financial management and investments

2. Course description
2.1 The name of discipline Advanced Financial Reporting and Analysis
Course Code
13.0215ZI1.1-0002
2.2 Professor for the
Prof.univ.dr. Laura Obreja Brasoveanu
course
2.3 Professor for the
Prof.univ.dr. Laura Obreja Brasoveanu
seminar
2.4 Year of Study I 2.5
I 2.6 Type of the
Exam 2.7 Type of the Mandatory
Semester
evaluation
course
3. Total estimated time (hours/semester of didactic activities)
3.1 Total number of teaching
3
of which:
2
hours per week
3.2 course

1
3.3 seminar/lab
activities

3.4 Total number of teaching


42
of which:
28
hours per semester (cf.
3.5 course
3.6 seminar/lab
curricula)
activities
Time allotment for individual study
Study of the lecture notes, course support, bibliography
Additional documentation (in libraries, on electronic platforms, field documentation)
Preparation for seminar/ lab classes, homework, referrals, projects and essays
Tutorship
Evaluation
Other activities: Work on the projects assigned at the seminar
3.7 Total number of hours for
108
individual study
3.8 Total number of hours per
150
semester (teaching hours and
individual study)
3. 9 Number of ECTS credits
6
allocated
4. Pre-requisites (if necessary)
4.1 curriculum
Financial Management, Capital Market, Capital Budgeting

14
Hours
40
15
30
1
2
20

4.2 competences

Current use of specific tools for Financial Management, Capital Market,


Capital Budgeting

5. Requirements ( if necessary )
5.1. regarding
Lectures take place in rooms with multimedia teaching equipment
course delivery
5.2. regarding
Seminars take place in rooms with multimedia teaching equipment
seminar delivery

Professional
competencies

6. Specific competencies acquired


C1 - The use of scientific concepts and methods in interdisciplinary areas

C2 - Integration of advanced concepts, theories and models specific to financial


management, financial analysis and business valuation

7. Objectives of the discipline (outcome of the acquired competencies)


7.1 General objective of
Advanced use of the principles, methods, techniques and
the discipline
tools specific to financial management of the company in
connection with its financial strategy, investment ,
dividend and financing policy.
7.2 Specific objective of
Experimental use of the principles, methods, techniques
the discipline
and tools specific to financial management of the company
Identification of the strategies for the financing,
investment, dividend policy.
Identification of the strengths and the weakness of
financial management in order to fundament a new strategy
of maintenance and development.
Considering the position of the financial analyst, the
analysis is focused on profit, stability, indebtness or other
financial aspects.
Innovative use of the methods and instruments for financial
analysis and planning.
Innovative use of the methods and instruments in order to
set up the financial decisions working capital
management, investment, financing and dividend policy.
8. Content
8. 1 Course

Introductory course - Scope and principles of the

Teaching methods
1 lecture

Remarks
It is

financial management

Active lecture,
permanent interaction
with the students.
The lectures are using
Power-Point support,
Excel support and
access to other
multimedia resources.

recommended
for the students
to previously
read the lecture
support material
in order to be
able to interact
during class.

1,5 lectures

Idem

Fundamental analysis versus technical analysis

Financial statement analysis

1 lectures

Financial equilibrium analysis balance sheet

1 lecture

Financial performance analysis the income


statement
Cash flow analysis cash flow statement, uses
sources of cash
Financial diagnostic of return; ratio analysis
The cost of capital
Financial diagnostic of risk
Financial analysis long-term assets,
inventories, debt
Working capital management
The effects of the dividend, financing and
investment policies on the value of the company
Bibliography

1 lecture
1 lectures

Idem
Idem
Idem

2 lectures
1 lectures
1 lectures

Idem
Idem
Idem
Idem

1 lectures

Idem

0,5 lectures

Idem

2 lectures

Idem

CFA Financial Statement Analysis, Kaplan, Schweser, 2010


CFA Financial Reporting and Analysis, and Corporate Finance, Kaplan, Schweser, 2010
Dragota, V. si colectivul , Management financiar. Diagnosticul financiar al companiei, Economica,
Bucuresti, 2012, Romnia
Higgins, R. , Analysis for Financial Management, McGraw Hill Companies, 2007
Neale, B.; McElroy, T. Business Finance, Prentice Hall, 2004
Robinson, T.; Munter, P.; Grant, J. Financial Statement Analysis, Person Education, 2004
Stancu, I., Finante corporative cu Excel, Economica, 2012

8. 2 Seminar/lab activities
Fundamental analysis

Technical analysis

Financial statement
analysis

Financial equilibrium
analysis balance sheet

Teaching methods
Applications
Applications
Case study
Applications
Case study

Remarks
The applications are selected from the
course support material.
The applications are selected from the
course support material.
Each project group works on their own
case study (the company that was chosen
for analysis)
The applications are selected from the
course support material.
Each project group works on their own
case study (the company that was chosen

Financial performance
analysis the income
statement

Applications
Case study

Cash flow analysis cash


flow statement, uses
sourses of cash

Applications
Case study

Financial diagnostic of
return; ratio analysis

Applications
Case study

The cost of capital


Applications
Case study

Financial diagnostic of
risk

Applications
Case study

Financial analysis longterm assets, inventories,


debt

Applications
Case study

Working capital
management

Applications
Case study

The effects of the


dividend, financing and
investment policies on
the value of the company

Applications
Case study

for analysis)
The applications are selected from the
course support material.
Each project group works on their own
case study (the company that was chosen
for analysis)
The applications are selected from the
course support material.
Each project group works on their own
case study (the company that was chosen
for analysis)
The applications are selected from the
course support material.
Each project group works on their own
case study (the company that was chosen
for analysis)
The applications are selected from the
course support material.
Each project group works on their own
case study (the company that was chosen
for analysis)
The applications are selected from the
course support material.
Each project group works on their own
case study (the company that was chosen
for analysis)
The applications are selected from the
course support material.
Each project group works on their own
case study (the company that was chosen
for analysis)
The applications are selected from the
course support material.
Each project group works on their own
case study (the company that was chosen
for analysis)
The applications are selected from the
course support material.
Each project group works on their own
case study (the company that was chosen
for analysis)

Bibliography
CFA Financial Statement Analysis, Kaplan, Schweser, 2010
CFA Financial Reporting and Analysis, and Corporate Finance, Kaplan, Schweser, 2010

Dragota, V. si colectivul , Management financiar. Diagnosticul financiar al companiei, Economica,


Bucuresti, 2012, Romnia
Higgins, R. , Analysis for Financial Management, McGraw Hill Companies, 2007
Neale, B.; McElroy, T. Business Finance, Prentice Hall, 2004
Robinson, T.; Munter, P.; Grant, J. Financial Statement Analysis, Person Education, 2004
Stancu, I., Finante corporative cu Excel, Economica, 2012

9. Corroborating the content of the discipline with the expectations of the epistemic
community, professional associations and representative employers within the field of the
program
Discussing the discipline contents with financial specialists, consultants and financial analysts.
10. Evaluation
Type of activity

10.4 Course

10.1 Evaluation criteria


Subjects including
problems that require the
application of techniques
and tools of companys
financial planning and
interpretation of results
Active attendance
Homework and tests

10.5. Seminar/lab
activities

10.2 Evaluation methods

10.3 Share
in the final
grade (%)

Written exam
80%

Record the frequency and quality


of interaction during the hours of
seminar.
Record the frequency and quality
of the homework and the grades
for tests during the hours of
seminar.
Case study

5%

5%

Group project (a project


group has to have
10%
minimum two members
and maximum five
members)
10.6 Minimum performance standard
Create a project representing the financial analysis of a company, using the balance sheet,
income statement and cash flow statement, interpreting the results, giving solutions for
solving the discovered financial problems.
Date of syllabus
proposal

Signature of the professor for the


course

Signature of the professor for the


seminar

10.09.2013

Prof.univ.dr. Laura Obreja


Brasoveanu

Prof.univ.dr. Laura Obreja


Brasoveanu

Date of the approval in the


department
12.09.2013

Signature of the Head of the department


Conf. univ. dr. Lucian