Ministry of Education & Training Socialist Republic of Vietnam

University of Economics Independence – Freedom - Happiness

Ho Chi Minh City

HIGHER EDUCATIONAL PROGRAM

(Bachelor degree)

MAJOR: FINANCE AND BANKING

MINOR: FINANCE

SYLLABUS
1. Course name: FINANCIAL ANALYSIS
2. Course code: ………………………………………………………………………..
3. Teaching Department: Corporate Finance
4. Level of competency: apply for students at the 3rd academic year
5. Credit number: 3
6. Time allocation:
+ Theories: 30 teaching hours (one teaching hour is of 45 minutes)
+ Group works, practice, discussion: 15 hours
+ Self-study (credits): 90 hours
7. Prequisite courses: Principles of Accounting, Corporate Finance.
8. Course description:
This subject is very practical as it aims to equip students with the knowledges to meet
the requirements of corporate managers, market investors, bankers, credit analysts, and
among others. This course introduces various topics for analyzing the financial
situation of a company. Given that the analysis process is mostly based on the
company's financial statements so the analysis of the financial statements is an
important part of evaluating the quality of the firm's earnings which leads to the firm’s
profitability and the sustainability of the firm’s income, and hence the financial
strength of the company. In addition, financial analysis also emphasizes the firm's
future prospect by forecasting the firm's performance. This analysis process helps
investors determine the intrinsic value of the firm’s share of stocks for important
decisions making in corporate financial management or investments.
The structure of this unit therefore includes four main issues: (1) an overview of
financial statement analysis; (2) Accounting analysis; (3) Financial analysis; and (4)
Prospective analysis. In details, this unit presents the role of financial statement
analysis in different types of business, the importance of accrual accounting for the
analysis. This unit also emphasizes the process and methods of financial analysis
including profitability analysis, analysis of sources and uses of fund, and risk analysis.
Based on those analyses, forecasting of financial statements and equity valuation can
be made.
10. Learning materials:
10.1 Text books:
 Financial Statement Analysis, 11e, Subramanyam and Wild,
McGraw-Hill/Irwin, 2013
10.2 References:
 Nguyễn Thị Ngọc Trang và Nguyễn Thị Liên Hoa (2010), “Phân tích tài
chính”, NXB Thống kê
 Revsine, Collins, Johnson and Mittelstaedt, Financial Reporting and Analysis –
6th Edition, McGrawHill/Irwin, 2014.
 CFA Curriculum, book 3 level 1
10.3 Others:
 Lecture notes and slide presentations
 11. Course teaching plan:
Session Teaching Student works in detail
Delivered content Learning materials (name of Corresponding
(one teaching method (exercise, case study,
(name of chapter, section) chapter, section) CLO(s)
hour is of 45’) applied presentation, etc.)
Chapter 1: FSA + Reading Chapter 1 and getting CLO1.1, CLO1.2
Session 1
+Business Analysis ready for possible questions CLO1.6
(4 teaching Overview of Financial In-class
+Financial Statements-Basis of + Group assigments: CLO2.1, CLO2.2
hours + 1 self- Statement Analysis lecture and
Analysis - Execises: 1-1, 1-2, 1-3 CLO2.3
study on discussion
+ Analysis tools - Problems: 1-1, 1-2, 1-3 CLO3.1
LMS)
at the end of Chapter 1 CLO3.2
Chapter 2: FSA
+Reporting Environment + Reading Chapter 2 and getting CLO1.1, CLO1.2
Session 2
+Nature and Purpose of Financial ready for possible questions CLO1.6
(4 teaching Financial Reporting In-class
Accounting + Group assigments: CLO2.1, CLO2.2
hours + 1 self- and Analysis lecture and
+ Accruals-Cornerstone of - Execises: 2-8, 2-9, 2-10 CLO2.3, CLO2.6
study on discussion
Accounting - Problems: 2-3, 2-6, 2-12 CLO3.1
LMS)
+Concept of Income at the end of Chapter 2 CLO3.2
+Fair Value Accounting
Chapter 3: FSA CLO1.2
+ Reading Chapter 3 and getting
Session 3 +Liabilities CLO1.3
ready for possible questions
(4 teaching Analyzing Financing In-class +Leases CLO1.6
+ Group assigments:
hours + 1 self- Activities lecture and +Contingencies and CLO2.1
- Execises: 3-1, 3-2, 3-3
study on discussion Commitments CLO2.2
- Problems: 3-1, 3-2, 3-3
LMS) +Off-Balance-Sheet Financing CLO2.3
at the end of Chapter 3
+Shareholders' Equity CLO2.6
Session 4 Analyzing Investing In-class Chapter 4: FSA + Reading Chapter 4 and getting CLO1.2, CLO1.3
(4 teaching Activities lecture and +Introduction to Current Assets ready for possible questions CLO2.1, CLO2.2
hours + 1 self- discussion + Inventories + Group assigments: CLO2.3, CLO2.6
study on +Introduction to Long-Term - Execises: 4-1, 4-3, 4-8 CLO3.1
 Assets - Problems: 4-2, 4-3, 4-6,
LMS) CLO3.2
Intangible Assets at the end of Chapter 4
Chapter 6: FSA CLO1.2, CLO1.3
+ Income Measurement + Reading Chapter 6 and getting CLO1.6
Session 5
+ Nonrecurring Items ready for possible questions CLO2.1
(4 teaching Analyzing Operating In-class
+ Revenue Recognition + Group assigments: CLO2.2
hours + 1 self- Activities lecture and
+ Deferred Charges - Execises: 6-1, 6-4, 6-18A CLO2.3
study on discussion
+ Interest Costs - Problems: 6-1, 6-3, 6-9A CLO2.6
LMS)
+ Earnings per Share: at the end of Chapter 6 CLO3.1
Computation and Analysis CLO3.2
Chapter 7: FSA + Reading Chapter 7 and getting
Session 6 CLO1.4, CLO1.6
+ Statement of Cash Flows ready for possible questions
(4 teaching In-class CLO2.1, CLO2.2
Cash Flow Analysis + Analysis Implications of Cash + Group assigments:
hours + 1 self- lecture and CLO2.3, CLO2.6
Flows - Execises: 7-1, 7-3, 7-5, 7-6
study on discussion CLO3.1
+ Analysis of Cash Flows - Problems: 7-9, 7-10
LMS) CLO3.2
+ Specialized Cash Flow Ratios at the end of Chapter 7
Chapter 8: FSA
CLO1.4
+Importance of Return on
+ Reading Chapter 8 and getting CLO1.6
Session 7 Invested Capital
ready for possible questions CLO2.1
(4 teaching Return on Invested Capital and In-class +Components of Return on
+ Group assigments: CLO2.2
hours + 1 self- Profitability Analysis lecture and Invested Capital
- Execises: 8-1, 8-5, 8-6 CLO2.3
study on discussion +Analyzing Return on Net
- Problems: 8-1, 8-2, 8-3 CLO2.6
LMS) Operating Assets
at the end of Chapter 8 CLO3.1
+Analyzing Return on Common
CLO3.2
Equity
Session 8 Prospective Analysis In-class Chapter 9: FSA + Reading Chapter 9 and getting CLO1.5, CLO1.6
(4 teaching lecture and +The Projection Process ready for possible questions CLO2.1, CLO2.2
hours + 1 self- discussion + Projecting Financial Statements + Group assigments: CLO2.3, CLO2.6
study on + Trends in Value Drivers - Execises: 9-1, 9-2, 9-3, 9-4A CLO3.1, CLO3.2
LMS) - Problems: 9-1 CLO3.3
 at the end of Chapter 9
+ Reading Chapter 10 and
getting ready for possible
Session 9 CLO1.5, CLO1.6
Chapter 10: FSA questions
(4 teaching In-class CLO2.1, CLO2.2
Credit Analysis + Liquidity + Group assigments:
hours + 1 self- lecture and CLO2.3, CLO2.6
+ Capital Structure and Solvency - Execises: 10-1, 10-2, 10-3, 10-
study on discussion CLO3.1, CLO3.2,
5
LMS) CLO3.3
- Problems: 10-1, 10-10
at the end of Chapter 10
Total teaching and learning time: 45 teaching hours
12. Student workload:
Students are expected to:
 Attend all classes.
 Read and comprehend the chapter/s before class.
 Participate in class discussion.
 Get all assigments done on or before the due date.
13. Student assessment system:
Assessment #1 Class attendance and discussion (in Individuals) 10%
Assessment #2 (in Group collaboration):
- Presentation in tutorials on the recommended 10%
end-of-chapter Exercises and Problems
(Essays)

Assessment #3 Online Quizzes (Individuals) 10%

Assessment #4 Mid-term exam (Individuals) 20%
Assessment #5 Final exam (Individuals) 50%
 Class attendance and discussion: Class attendance checks are implemented
randomly in 03 out of 09 sessions. If you have zero miss, your base case is of 8. For
01 additional miss, your mark is deducted by one mark and so on. During the class
time, if you take the lecturer’s question and give correct answer, you are awarded 01
bonus point which is added to your assessment #1. Excess bonus points are
transferable to assessment #2 and #3 only.
 Group collaboration:
 Maximum 5 students per group.
i- Get all the required Exercises and Problems at the end of each Chapter done
- Reference: Textbook and solutions manuals accompanied to the textbook
- Products: Group essay which should show your works on all recommended
Exercises and Problems using Microsoft Word and Excel. Each group provides
video clips of presentation on these assigned Exercises and Problems, 20-25
minutes in total for each chapter.
- All of your works and videos must be uploaded to your Google Drive.
Note: The link to the Google drive for all submissions later on must be registered
to the lecturer in the second session. The first page of your work must shows the
name and contact information of the group leader, the group members, and each
 member's contribution level (maximum 100%). The total mark should be deducted
by 50% if this part is missed.
- Deadline for submission: no later than 1 WEEK after each Chapter
 Midterm exam: In writing, closed book, in 45 – 60 minutes, last session.
 Final exam:
- Online quizzes (25 conceptual and calculation questions)
- The final exam covers all chapters discussed in classes
- Closed-book exam in 60 minutes.

Dean Course coordinator

(signature and full name) (signature and full name)