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FIN3060 Financial Analysis

Advanced · 1 credit · BIT - Business, Admin, Finance and IT

Description
Students use formulas and ratios to evaluate the financial status of business organizations, interpret data, report results and recommend changes based on the analysis.
Prerequisite
FIN3040: Financial Statements
Parameters
Access to an appropriate computer work station, the Internet and appropriate software.

Outcomes The student will:

  • 1 use appropriate data for reporting and decision making

    • 1.1 identify sources and uses of cash

    • 1.2 describe comparative financial statements

    • 1.3 analyze the purpose and use of comparative financial statements including the statement of changes in financial position

    • 1.4 describe the purpose of a statement of changes in financial position

    • 1.5 prepare a statement of changes in financial position

    • 1.6 describe general-purpose and special-purpose reports

    • 1.7 explain the frequency with which reports are prepared

  • 2 interpret data to recommend action

    • 2.1 describe what transactions during a fiscal period caused the changes in cash

    • 2.2 analyze financial statements from previous years to determine historical trends

    • 2.3 demonstrate the use of formulas and ratios to determine information about profitability and management of operations, resources and debt

    • 2.4 interpret data obtained to recommend action to be taken

    • 2.5 compare performance of a business with others in the same industry

    • 2.6 compare performance of a business with others in the same geographical area

  • 3 demonstrate basic competencies

    • 3.1 demonstrate fundamental skills to:

      • 3.1.1 communicate

      • 3.1.2 manage information

      • 3.1.3 use numbers

      • 3.1.4 think and solve problems

    • 3.2 demonstrate personal management skills to:

      • 3.2.1 demonstrate positive attitudes and behaviours

      • 3.2.2 be responsible

      • 3.2.3 be adaptable

      • 3.2.4 learn continuously

      • 3.2.5 work safely

    • 3.3 demonstrate teamwork skills to:

      • 3.3.1 work with others

      • 3.3.2 participate in projects and tasks

  • 4 create a transitional strategy to accommodate personal changes and build personal values

    • 4.1 identify short-term and long-term goals

    • 4.2 identify steps to achieve goals

Program of Studies 2009. Source document, © Alberta Education.