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UNIVERSITAS INDONESIA ® | FACULTY OF ECONOMICS AND BUSINESS ACCOUNTING DEPARTMENT IAs iin | UNDERGRADUATES PROGRAM SYLLABUS, 'ANAUSIS DAN VALUASI BISNIS (BUSINESS ANALYSIS AND VALUATION) ECAUSDI421 ODD SEMESTER 2016/2017 Lecturer Email ] Cut Saskia / Heru Sudarisman - A kikiamitra@yahoo.com / | herusudarisman@gmail.com 2 | Arman Hendiyanto / Helen Riyani Tanail- 8 | arman@kap-arman.com / helen_tanzil@acehardware.co.id 3 | Kurnia Irwansyah Rais / Hidayanti - C kurnia.irais@hatmail.com/ ‘sonyamhr@yahoo.com / \widyaperwitasari@gmail.com | 4 | Sonya O. / Widya Perwitasari - D 5 | Elok Tresnaningsih -€ elok.tres@ gmail.com 6 | Heru Sudarisman / Nurul Husnah - F hherusudarisman@gmail.com / ‘nurulhusah78@gmail.com ‘Widhi Astono - G (Bhs Inggris) | widhiastono@ yahoo.com Rallyati Vitria Indriani - H (Bhs Inggris) rally222@gmall.com / phia_307@yahoo.com 8 Subject Code ECAUGOIA21 a SubjectTitle | Credit Value ere ee Pre-requisite/ | Advanced Financial Accounting 1 Co-requisite/ —_| investment and Capital Market Exclusion oy : Role and This course is part of the financial accounting class. The course aims on giving Purposes deep understanding to the students about financial statements and notes to financial statement with emphasis on how to interpret, analyze, compare, and justify arguments on the financial statements and notes to financial statement, This course will help students to develop strong analytical kills and critical thinking (Outcome 4). The analyses focus on the appropriateness of accounting policies used in operating, investing, and financing activites, as well a3 cash flow, profitability, prospective and credit analysis, Students will be provided by. concept and framework to analyze the financial statements quality of earnings and make a presentation and communicate it in English (Outcome 1) Subject Upon completion of the subjec, student willbe able to Learning 1. Evaluate the appropriateness of accounting policies used to prepare | | Outcomes financial statements. (T3) 2) Understand the financial report mechanics, standards and related accounting policy particularly under IFRS, and evaluate the appropriateness of their use in preparing financial | | statements. 'b) Understand and analyze the financial staternent and evaluate the appropriateness of policies on the financial statement. Understand and analyze the component of financial statement | and evaluate the appropriateness of policies on assets, liabilities, income, taxes, employee compensation, and intercorporate investment in multinational operations. 2, Interpret financial statements and related disclosures (15) 4) Understand the concept and framework to analyze and interpret the financial statements. | ) Analyze and interpret the income statement, financial position and cash flow statement. 3. Interpret reports that include non-financial data, for example, sustainability reports and integrated reports (T6) f) Analyze and interpret the integrated financial statements. 4, Demonstrate, evaluate, analyze and compare alternatives choices (C2) 8) Understand and compare the financial analysis techniques. 5, Demonstrate to justify an argument or solution with supporting evidence/relevant references (C3) h) Understand, evaluate, and justify arguments on the financial report quality. Detailed pee = Course Work |{"Week¥# [Tope | 10 | RequiredReasing | Plan 1 | introduction to Financial statement Analysis |e | « j ‘+ Scope of nancial Statement Analysis # Major Financial Statement and Other Information Sources Financial Statement Analysis Framework ‘REVIEW ON FINANCIAL STATEMENT pa} + RAPD Financial Report Mechanics © RHP ‘+ Classification of Business Activities + PSAK~ ‘© Accounts and Financial Statements Conceptual + Accounting Process Framework ‘+ Accrual end Valuation Adjustments + Accounting systems Financial Report Standard + The Objective of Financial Reporting + Standard Setting Bodies and Regulatory Authorities The International Financial Reporting Standard (IFRS) vs Pernyataan Standar ‘Akuntanst Keuangan Indonesia (PSAK) + Effective Financial Reporting ‘© Monitoring Developments in Financial Reporting Standards. Weekly Assignment 1 T Understanding Income Statements b | > RPHA © Components and Format of the e | + psaKi | Income Statements + PSAK 23 © Revenue Recognition = PSAK 25 © Expense Recognition © PSAK 58 + Discontinued Operations Changes in Accounting Policy » Earnings per Share + Comprehensive income Analysis of income Statement | Understanding Statement of Finan * RHPS: Position = SAK * Components and Format of The © SAK Statement of Financial Position SAK 65: Current Assets and Current Liabilities + Non-current Assets © Non-current Liabilities © Equity ‘© Analysis of Statement of Financial Position Capital structure concept. Weekly Assignment 2 aoe ‘General Lecturing e Learning from the expert: The Use of Financial | f Statement eet & Understanding Statement Flow b | + RHPS '* Components and Format of the e | + PsaK2 Statement of Cash Flow ‘+ Chasification of Cash Flows and non- cash Activities + Operating Activities ‘© Statement of Cash Flow Analysis, + Equity ‘+ Analysis of Statement of Financial Position + Free Cash Flow ‘+ Dividend payout concept | Financial Analysis Techniques a] + rup7 | ‘¢ The Financial Analysis Process |B] + PsaKs ‘+ Analytical Tools and Techniques | + Common Ratios Used in Financial | Analysis | + Equity Analysis + Credit analysis, # Business Segments + Model Building and Forecesting Weekly Assignment 3 Financial Reporting Quality a | + RHP i + Conceptual Overview h | + Rupa7 + Context for Assessing Financial Reporting Quality + Detection of Financial Reporting Quality Issues | Evaluating Quality of Financial Reports © Quality of Financial Reports ‘+ Evaluating the Quality of Financial Reports = Earnings Quality + Cash Flow Quality + Balance Sheet Quality + Sources of tnformation about Risk + Ethical Consideration ‘Weekly Assignment 4 | Financial Statement Analysis Applications | d | + RHPi2 © Evaluating Past Financial performance | Projecting Future Financial | Performance assessing Credit Risk Screening for Potential Equity Investments + Management Discussion & Analysis section of Usted Companies’ Annual Reports © Securities analysts’ reports on listed company performance and projection ‘© Analysis Adjustments to Reported Financials | Weekly Assignment 5 Submission of Final Assignment - Progress | ANALYSIS OF ASSETS 8 2 RAPS Inventories © RHP. ‘+ Cost of Inventories © PSA 3 + Inventory Valuation Methods © PSAK 16 ‘+ Inventory Method Changes © PSAKI6 + Inventory Adjustments © PSAKI9 + Evaluation of Inventory Management + PSAK58 ‘Long Lived assets ‘+ Acquisition of Long Lived Assets ‘© Depreciation and amortization +The Revaluation Model ‘+ Impairment of Assets ‘+ Derecognition of Long Lived Asset ‘© Investment Property + Off balance sheet assets Weeldy Assignment 6 ee ree 9 | Analysis of tiabilities = RPH IO + Bond Payable # PSAK50 + Leasing # PSAKSS. + Off balance sheet liabilities + psaK 60 Evaluating Solvency: Leverage and Coverage Ratios Weekly Assignment 7 | i 10 | Analysis of income Taxes RP IS ‘+ Differences Between Accounting © RHI Profits and Taxable Income + SAK ‘+ Determining the Tex Base = SAK 24 ‘+ Temporary and Permanent SAK AS bifferences ‘* Tax Losses and Tax cresit ‘+ Recognition and Measurement of, | Current and Deferred Tax ‘Analysis of Employee Compensation + Pension and Osher Post-employment Benefits + Share-based compensa Weekly Assignment 8 | ‘Submission of Final Assignment - Progress I Report? Ti | General tecturing Learning from the expert: Merger & Acquisition 72 Analysis of intercorporate investments 2 RHP IS ‘+ Basie Corporate Investment © RRP IS + Investment in Financial Assets = PSAK 20 ‘+ Investment in Associates and Joint = PSAK 12 Ventures = PSAK AS + Business Combination = PSAK 22 i + Merger and acquisition 2 PSAK SS Analysis of Multinational Operations | ‘+ Foreign Currency Transaction | ‘+ Translation of Foreign Currency Financial Statements # Disclosure of hedging strategy for muttinational company Other Issues in Multinational Operations Integration of Financial Statement Anas Techniques | + mee | Weekly Assignment 9 Submission of Final Assignment - Final Report Ta | Group presentation ~ Final Assignment é au Ta | Group Presentation —Final Assignment @ h | Teaching/lear | ning Methodology Teaching method uses active lecturing and class discussions, in which students achieve the study objectives by discussing and completing related cases under the guidance of lecturer. The cases are related to the topics for the session, and ‘can be downloaded from IDX, or from current developing issues. Students must h consists of 3 students. Each group must pick 1 publicly listed 1g financial industry) from the beginning of the session, and Use that company annual report as 2 basis for weekly and final assignment throughout the semester. ‘Weeldy Assignments Each group will be given assignment based on each topic of the session, The assignment will be given and have to be completed during the session, This ‘weekly assignment should be compiled throughout the semester. At the end of the semester, 7 out of 9 weekly assignments will be regarded as individual assignment. As ant Each group has to write 2 complete report, which consists of following items: = Summary of financial statement analysis based on weekly assignments + Financial performance comparison with another company in the same industry = 3 years — forecasted financial statement, supported wit assumptions and analysis Equity valuation based on company’s cash flow Recommendation (buy/seli/hold) Each group must submit progress report 2 (session 7), progress report 2 (session 10) and final report (session 12). Each group will present the final report during session 13 and 14. underlying Guest Lecture There will be 2 guest lectures for session 4 {The Use of Financial Statements) and 11 (Mergers & Acquisition). Assessment Method in Alignment | with intended | tearing | outcomes Specific % assessment | wo"ing | _ Intended Learning Outcomes tobe Asessed Methods/Tasks ‘Weighting ADelepepelfpste Continaou 300% T Assessment | jee GROUP 2H wT Te Fine AGsGaent 7 7 wT (20%) aa! iNowbUAL | 75% Mid Term Exam [a aE (30 % | «| | Final Ter Exar y)ao 330 30%) % x _|« | indvduat Tepe epee Assignment (25%) Hei : ‘ails of __ | The specific learning methods used in this subject are : Learning 1. Lecturing Methods 2. Case-Based Learning | In most of sessions uses case-based learning, In which students are divided into groups and discuss the specific cases in group. Each group is responsible for certain topic and the case must be related with the topic of the session. Finally, each group will present the case and discuss with other group facilitated by the lecturer. Result of the presentation and discussion are expected to improve students understanding about the concept and the implementation based on cases. These presentation sessions are also expected to benefit the students to learn the analysis from other groups’ cases. Student Study Effort (Class Contai zi a Expected Lectures zs 15 Hours Case-Based Learning a 27 Hours Presentation a “Hours [Other Student Study Effort: Preparation for Project/Assignment/Tests a0 Hours Reading ist | Required Readings and 1. Robinson, T.R., Henry, E., Pirie, W.L, Brothahn, M.A., and Cope,, At References (2015). International Financial Statement Analysis, 3rd Edition. New Jersey: John Wiley and Sons (RHP) 2. Standar Akuntansi Keuangan. Ikatan Akuntan indonesia, 2035. (PSAK} Supplementary Readings = 1. Wild, John 4., and K.R. Subramanyan. Financial Statement Analysis, 10th Edition, McGraw-Hill, 2009. (WSH}