Josef Baumüller

Subject Area External Accounting

040082 KU

Financial Statement Analysis and Business Evaluation

Kick-off Tuesday 18.04. 17:30 – 19:30 HS 15

Tuesday 02.05. 16:45 – 19:45 HS 4
Saturday 20.05. 09:00 – 12:15 HS 15
Presentations Tuesday 23.05. 15:00 – 18:00 HS 9
Saturday 03.06. 09:00 – 12:00 HS 17
Tuesday 06.06. 16:45 – 19:45 HS 16
Tuesday 13.06. 16:45 – 19:45 HS 16
Presentations Friday 23.06. 10.00 – 14:00 Deloitte (external)
workload: 2 hours/week presence (4 ECTS, i.e. approx. 100 working
hours)
language: English

Aims, contents and method of the course

This course deals with the analysis and assessment of financial and sustainability-related
information published by companies and groups of companies (“Konzerne”) in Austria. It
covers the following parts:
• “Traditional” financial statement analysis: from initial steps to accounting
adjustments and financial analysis.
• ESG analysis: legal frameworks of sustainability-related information as part of the
European and international accounting frameworks; integration into traditional
analyses and valuation processes.
• Valuation: from forecasting of financial information based on the previous
analyses to valuation implementation.

The course is based on the regulations of International Financial Reporting Standards

("IFRS"). Basic knowledge about non-consolidated and consolidated accounting under
IFRS is thus recommended.

After passing the course, students

• have an understanding for the background, usefulness and limitations of financial
information;
• are able to apply traditional tools for financial statement analysis;
• are able to supplement those traditional tools with insights from additional
information based on sustainability-related disclosures;
• can apply fundamental valuation techniques in order to assess a company’s
overall position and development in a condensed way.

Institut für Rechnungswesen, Innovation und Strategie

Fachbereich für Externes Rechnungswesen
A-1090 Wien, Oskar-Morgenstern-Platz 1
: (+43 - 1 -) 4277 - 38122 • Fax: (+43 - 1 -) 4277 – 838122
: veronika.moser@univie.ac.at
The course is organized in a flipped classroom setting. Relevant chapters from the text
book for this course are prepared in advance of each session and then evaluated via
quizzes. Subsequently, additional inputs are presented by the instructor, followed by
practical examples to provide the opportunity to deepen the theoretical knowledge.
Finally, selected contents have to be worked out by the students and presented in
subsequent sessions.

The course is complemented by a Business Partnership, organized by Uniport. Thus, the

final session of the course will be held as a workshop at the partner’s headquarters.
Further information is presented in one of the course’s sessions in advance of the
workshop.

Assessment and permitted materials

The final grade is made up by the results of the following types of examinations:
• Written quizzes: 10-20 minutes, 50% of the course’s final grade. All the written
exams are held in an “open-book” mode.
• First presentation: approx. 20 minutes, 20% of the course’s final grade.
• Second presentation: approx. 20 minutes, 30% of the course’s final grade.

Minimum requirements and assessment criteria

To pass the course, more than 50% of total points have to be reached. The following
grading scheme applies:
• > 90%: excellent (sehr gut, 1)
• > 80%: good (gut, 2)
• > 65%: satisfactory (befriedigend, 3)
• > 50%: sufficient (genügend, 4)

Furthermore, please note that this course requires a minimum of 80% of total hours of
presence that has to be achieved in order to pass it.

Examination topics
Examinations regard all contents covered in the course sessions (text book, slides and
examples) as well as further readings provided to the students.

Reading list
The parts on financial statement analysis and on valuation are based on the following
text book: Palepu / Healy / Peek, Business Analysis and Valuation: IFRS Edition. 6th
edition, Cengage. As all the readings and examinations on these parts are based on that
text book, it is required to obtain it in advance of classes. For the part on ESG analysis,
materials are provided by the lecturer during class (Slides, handouts etc.).

“[They] agreed that it was neither possible nor necessary to educate people
who never questioned anything”
Joseph Heller, Catch 22

Institut für Rechnungswesen, Innovation und Strategie

Fachbereich für Externes Rechnungswesen
A-1090 Wien, Oskar-Morgenstern-Platz 1
: (+43 - 1 -) 4277 - 38122 • Fax: (+43 - 1 -) 4277 – 838122
: veronika.moser@univie.ac.at