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Financial Statements - How to Prepare and Analyze

Maastricht Summer School
Netherlands, Maastricht
Maastricht Summer School Netherlands, Bonnefantenstraat 2, 611 KL Maastricht, The Netherlands
Tuition fee €400.00 per programme

Overview

Are you studying, or planning to study, business? Or are you running, or planning to open, a business of your own? Then you definitely need to know how to prepare financial statements and how to interpret the numbers in those statements for decision-making. The specific objective of this module is to learn:

(a) how to record economic transactions (You will never forget this in your life!)
(b) how to prepare an Income Statement, Balance Sheet, and Cash Flow Statement
© how to analyze financial statements from the point of view of managers, investors, and bankers

This course is suitable for those:
• Who are currently studying, or planning to study, business studies
• Who are already managing, or planning to open, a business
• Who studied accounting in the past but still struggle with key concepts

In this course, we will perform comparative analysis between firms using liquidity, efficiency, profitability, and leverage ratios. We will also learn how to use the DuPont Analytical techniques to analyze firms’ financial statements. Apart from short lectures, we will follow problem based learning (PBL) to make sessions interesting and enjoyable. We will emphasize ‘learning by doing’ and working in groups.

Goals
In this course, you will:
a) learn basic accounting principles and book-keeping techniques to record financial transactions
b) learn how to prepare financial statements
c) learn how to analyze financial statements to look at the numbers from owners’ (to know the value of the investment), managers’ (to verify companies’ strengths and weaknesses), or creditors’ (to know if lending money is safe or not) points of view.

Instruction language
EN

Prerequisites:
None. This course will take place in the morning so this could potentially be combined with FIN201 Finance – Fundamental Tools and Techniques which will take place in the afternoon.

Recommend literature
No textbook is required for you, everything will be provided. However, I will use the following book as a guide:
Weygandt, Kimmel and Kieso (2013) Financial Accounting IFRS Ed. Wiley.

Teaching methods
PBL (problem-based-learning).

Assessment methods
Participation; Quiz; in-class tests; and homework.

Keywords
Financial Accounting, Income Statement, Balance Sheet, Financial Analysis

Apply now! Block 2.1 2018/19
Application deadline
Jun 1, 2019 23:59
Europe/Amsterdam time
Studies commence
Jul 8, 2019

Application deadlines apply to citizens of: United States