FSA sesion 1(待修改).pdfVIP

Financial Statement Analysis Session 1 Framework of FSA 2006-2-20 Lingnan College – S.L. 1 Topics Covered Today Introduction of FSA Overview of Course Content Course Schedule Framework of Financial Statement Analysis (Ch1) 2006-2-20 Lingnan College – S.L. 2 Types of FSA Credit Analysis Management and Control Financial Management Equity Analysis External Auditors 2006-2-20 Lingnan College – S.L. 3 Course Objectives How to use financial information to Analyze and Value firms What is contained in financial reports; Why firms report certain information; How to be a sophisticated user of this information. How FSA would be helpful for your career in the future? 2006-2-20 Lingnan College – S.L. 4 Components Business of BAUFS Environment Strategy Analysis Industry Strategy Analysis Analysis Financial Analysis Accounting Profit- Analysis Prospective of Sources Risk Analysis ability Uses of Analysis Analysis Analysis Funds Cost of Capital Estimate Intrinsic Value Objectives of Financial Analysis Profitability Analysis Risk Analysis Cash Flow Analysis Helps in Accounting Analysis 2006-2-20 Lingnan College – S.L. 6 Objectives of Accounting Analysis Bottom line only? (page 2~3) Timing difference (e.g. asset revaluation) Recognize or not? (e.g. contracts