XAFAR Financial Analyses and Reporting

Moravian Business College Olomouc
summer 2022
Extent and Intensity
1/2/0. 4 credit(s). Recommended Type of Completion: z (credit). Other types of completion: zk (examination).
Teacher(s)
doc. Ing. Jarmila Duháček Šebestová, Ph.D. (lecturer)
Ing. Štefan Kolumber, Ph.D. (seminar tutor)
Ing. Petr Polák, Ph.D. (seminar tutor)
Guaranteed by
Ing. Lenka Prachařová, Ph.D.
Moravian Business College Olomouc
Supplier department: Moravian Business College Olomouc
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.
Course objectives
The aim of the course is to acquaint students with the principles of creation and analysis of financial statements and with the causal links among financial information about a company, arising from its financial statements for internal and external users. The course also focuses on the practical application of financial reporting in the control of business activities of a company and on the use of suitable SW support. Main attention is paid to understanding the basic tools of modern financial planning, control, reporting and financial analysis. After completing the course, students will be able to theoretically and practically apply the methods of financial analysis usable for analyzing economic development of the company or for tracking the deviations of the actual state from the planned one. Using this information, the students will be able to predict the future development of the company. The students will gain a practically focused overview of a broad range of financial ratios of the financial analysis and will be able to monitor and assess the economic activity of the company, taking into account the variety of conditions for their realization. The emphasis will be put not only on theoretical knowledge, but in particular on its practical application useful for future careers in financial management particularly of small and medium-sized enterprises.
Syllabus
  • 1. Relation of accounting, reporting, control and analyses of business activities and the SW support of such activities
    2. Financial analysis - the essence of and the procedure for financial analyses of a company; sources of information in practice
    3. Financial reporting - relationships between them and their utilization (balance sheet, profit and loss statement, statement of cash flow)
    4. Analysis of the financial statements of a company (balance sheet, profit and loss statement, statement of cash flow)
    5. Analysis of the financial situation of a company, financial decision-making
    6. Financial analysis - investment - the current and future value of money, the current and future value of payments, risk in the investment decision-making
    7. Evaluation of the results of the financial analysis; the use of the results for management, strategy and investment of a company
    8. Reporting - the system of statements for management of a company; changes in the financial accounting for the needs of reporting
    9. Classification of revenues and cost analysis for the purposes of reporting; detection and interpretation of deviations
    10. Reporting work and wages
    11. Reporting in-house departments, reporting based on line performance
    12. Reporting and software products

    The course is based on the information-receptive method, the method of problem of interpretation, dialogical methods (interviews, discussions), practical methods (calculations, financial analysis and interpretation of indicators) and the methods of graphical demonstration of the issues. The course includes solving a complex practically-focused project consisting of different tasks of financial analysis and reporting.
Literature
    required literature
  • KOTLER, P. and K. L. KELLER. Marketing management.15th ed. Boston: Pearson, 2016. ISBN 978-9332557185. info
  • MELVILLE, A. International Financial Reporting: a Practical Guide. 4th ed. Harlow: Pearson, 2014. ISBN 978-02-737-8597-2. info
  • ALEXANDER, D. and CH. NOBES. Financial accounting. An international introduction. 4th ed. Harlow: Prentice Hall, 2010. ISBN 978-0-273-72164-2. info
  • KIESO, D. E., J.J. WEYGANDT and T.D WARFIELD. Intermediate Accounting: IFRS Edition. Volume 1. 1st ed. New Jersey: John Wiley & Sons, 2010. ISBN 978-0-470-61630-7. info
  • KOTLER, P. and K. L. KELLER. A framework for marketing management.3rd ed. Upper Saddle River, N. J.: Prentice Hall, 2007. ISBN 0-13-145258-4. info
  • THUKARAM RAO, M.E. Management Accounting. New Delhi: New Age, 2007. ISBN 9788122414394. info
  • ELLIOTT, B. and J. ELLIOTT. Financial Accounting, Reporting and Analysis. 2nd. ed. Harlow: Prentice Hall, 2006. ISBN 978-0-273-70253-5. info
  • MCLEANEY, E. and P. ATRILL. Accounting: an introduction. 3rd. ed. Harlow: Prentice Hall, 2005. ISBN 978-0-273-68822-8. info
    recommended literature
  • DAMODARAN, A. Applied Corporate Finance. 4th ed. Hoboken: Wiley, 2014. ISBN 978-11-188-0893-1. info
  • NOBES, C. and R. B. PARKER. Comparative international accounting. 11th ed. Harlow: Prentice Hall, 2010. ISBN 978-0-273-72572-6. info
  • WARFIELD, T. D., J. J. WEYGANDT and D. E. KIESO. Intermediate Accounting: Principles and Analysis. 2nd ed. New Jersey: John, 2008. ISBN 978-0-471-73793-3. info
  • NOBES, CH. and R. B. PARKER. Comparative international accounting. 9th ed. Harlow: Prentice Hall, 2006. ISBN 978-0-273-70357-9. info
Assessment methods (in Czech)
Zápočet: předpokladem pro udělení zápočtu je účast na cvičeních, zpracování dílčích úkolů a seminární práce dle pokynů vyučujícího, úspěšné absolvování zápočtového testu.
Zkouška: kombinovaná
Language of instruction
English
Further Comments
The course can also be completed outside the examination period.
The course is taught annually.
The course is taught: every week.
The course is also listed under the following terms summer 2021.
  • Enrolment Statistics (recent)
  • Permalink: https://is.mvso.cz/course/mvso/leto2022/XAFAR