Enterprise Analysis in the Context of Accounting Principles 2400-PLSM102A
1. Methodology of M.A. thesis – discussion on how the work should be correctly structured, how to appropriately formulate hypotheses, important issues in economic research.
2. Context and methodology of enterprise analysis – the aim of enterprise analysis, overview of analytical tools, sources of data.
3. Structure of financial statements – general overview of financial statements (balance sheet, income statement, cash flow statement, statement of changes in equity and notes to financial statements) and their main elements (assets, liabilities, revenues, expenses, gains, losses, cash and cash equivalents).
4. Advanced accounting concepts – calculating deferred income tax, operating and financial leases, valuation of financial assets.
5. Difference between creative accounting and financial fraud – practical examples of creative accounting and fraudulent financial behaviours.
6. Preliminary analysis of financial statements – common-size analysis of balance sheet and income statement, sign analysis of cash flow statement.
7. Liquidity analysis – concepts of liquidity vs. solvency, analysis of working capital (gross and net).
8. Performance analysis – dependency on performance ratios on the sector company operates in.
9. Profitability analysis – profitability ratios divided into profitability of assets, profitability of sales, profitability of capital, DuPont analysis.
10. Solvency analysis – criteria of type of financing used by enterprises, level of debt, ability to pay back debt, bankruptcy forecast models.
11. Enterprise on the capital market – market value ratios, enterprise market value vs. enterprise book value.
12. Types of common malpractices used in financial statements – ways to improve the bottom line, influence cash flows and improper presentation of data
Students shall make presentation on assigned dates during the course in order to demonstrate thesis progress.
Estimated student workload: 3 ECTS × 25 h = 75 h
(K) – contact hours, (S) – independent study hours
• Meetings: 30 h (K), 0 h (S)
• Literature search: 0 h (K), 20 h (S)
• Student’s own work on the thesis concept: 0 h (K), 25 h (S)
Total: 30 h (K) + 45 h (S) = 75 h
Type of course
Course coordinators
Learning outcomes
After completing the course, the student:
IN TERMS OF KNOWLEDGE:
• Knows and understands advanced research methods relevant to the discipline of economics and their application in independent scientific research.
• Understands the principles of constructing a research problem, hypotheses, and analytical models in both empirical and theoretical studies.
• Is familiar with the current state of research and the main trends in the scientific literature within the thematic area of the planned master’s thesis.
IN TERMS OF SKILLS:
• Can independently design the research concept for a master’s thesis, including formulating the research problem, objectives, and hypotheses.
• Can critically analyze and synthesize scientific literature, identifying research gaps.
• Can prepare a detailed plan for the master’s thesis and draft methodological assumptions.
IN TERMS OF COMPETENCIES:
• Is prepared to independently plan and responsibly conduct a research project.
• Demonstrates openness to critical academic discussion and to evaluating their own research assumptions.
Finance and Accounting:
K_W02, K_W03, K_W04, K_U01, K_U04, K_U05, K_U07, K_K01, K_K02, K_K03
Assessment criteria
Presence in class is obligatory. Two unexcused absences during a semester are allowed. In order to obtain credit for the first semester (fall) students are required to present thesis title, table of content, bibliography and methodology of the work. To receive credit for the second semester (spring) students should submit a completed M.A. thesis no later by the end of April and present it during the seminar.
Bibliography
1. Wędzki, D. “Analiza wskaźnikowa sprawozdania finansowego”, Wolters Kluwers, Kraków 2006
2. Kalwasińska E., Maciejowska D. “Rachunkowość finansowa w teorii i praktyce” autorstwa, Warszawa, 2008.
3. Bednarski L., Analiza finansowa w przedsiębiorstwie, PWE, 2007
4. Czekaj J., Dresler Z., Zarządzanie finansami przedsiębiorstw. Podstawy teorii, PWN, 1998
5. Grzenkowicz N., Kowalczyk J., Kusak A., Podgórski Z., Analiza ekonomiczna przedsiębiorstwa, WZ UW, 2007
6. Jerzemowska M. (red.), Analiza ekonomiczna w przedsiębiorstwie, PWE, 2006
7. Kopiński A., Analiza finansowa banku, PWE, 2008
8. Micherda B. (red.), Sprawozdania finansowe i ich analiza. Analiza finansowa, Stow. Księg. w Polsce, 2005
9. Pomykalska B., Pomykalski P., Analiza finansowa przedsiębiorstwa, PWN, 2007
Supplementary reading agreed individually with each student depending on the topic of M.A. thesis.
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: