Objective: 
Course objectives:
After completing this course, students should be able to:
– understand the nature of financial statements
– understand the general purpose, role and benefits of financial analysis
– calculate financial ratios
– understand the influence of the risk on business
– apply the various forms of evaluating investment opportunities
– identify the key features, benefits and use of the main forms of financing the business

Assessment: 
There will be a case study every week covering the material for that week. Each student is asked to solve case application at home and send via e-mail. There will be one week time for every case study. The weights for the final course grade are as follows:
A – 12 to 13 case studies
B – 10 to 11 case studies
C – 8 to 9 case studies
D – 6 to 7 case studies
F – less than 6 case studiesContents: 

After completing this course, students should be able to:
– understand the nature of financial statements
– understand the general purpose, role and benefits of financial analysis
– calculate financial ratios
– understand the influence of the risk on business
– apply the various forms of evaluating investment opportunities
– identify the key features, benefits and use of the main forms of financing the business

Lectures
1. Introduction to finance.
2. The role and enviroment of finance.
3. Financial statements – an overview.
4. The Balance Sheet.
5. Income Statement and Statement of Stockholders’ Equity.
6. Statement of Cash Flows.
7. A Guide to Earnings and Financial Reporting Quality.
8. Introduction to the Analysis of Financial Statements.
9. The Liquidity Ratios.
10. The Activity Ratios.
11. The Leverage Ratios.
12. The Profitability and Market Ratios.
13. Comparing the data.
14. Capital Budgeting Techniques.

Recommended reading: 

• Lyn M. Fraser, Aileen Ormiston, UNDERSTANDING FINANCIAL STATEMENTS (9th edition), Pearson, 2010.
• Lawrance J. Gitman, PRINCIPLES OF MANAGERIAL FINANCE (11th edition), Pearson/Addison Wesley, 2006.
• Gerald I. White, Ashwinpaul C. Sondhi, Dov Fried, THE ANALYSIS AND USE OF FINANCIAL STATEMENTS (third edition), Wiley, 2003.
• Peter Atrill, FINANCIAL MANAGEMENT FOR DECISION MAKERS (4th edition), Prentice Hall, 2006.