Public University of Navarre

Academic year: 2023/2024 | Previous academic years:  2022/2023  |  2021/2022  |  2020/2021 
Double Bachelor's degree in Management, Business Administration and Law (international program) at the Universidad Pública de Navarra
Course code: 177811 Subject title: FINANCIAL STATEMENT ANALYSIS
Credits: 6 Type of subject: Mandatory Year: 5 Period: 1º S
Department: Gestión de Empresas

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Module/Subject matter

External accounting.



This course is offered once the student has achieved an intermediate level in financial accounting: recognition and valuation problems for different kinds of business transactions. The course is made up of two parts. The first one revolves about the content of the main financial statements (statement of financial position, income statement, statement of cash flows) and accompanying information. The second part deals with the profitability-risk methodology necessary to analyze the above information for decision making.


General proficiencies

GP01 A capacity for analysis and synthesis

GP02 A capacity for organisation and planning

GP03 Oral and written communication in their mother tongue

GP04 Oral and written communication in a foreign language

GP06 The ability to search for and analyse information from different sources

GP07 The capacity to solve problems

GP08 The capacity to make decisions

GP09 The capacity to work as part of a team

GP17 A capacity for self-reliant learning


Specific proficiencies

SP02 Identify the sources of relevant economic information and their contents.

SP03 Derive from microeconomic and macroeconomic data the data and relevant information impossible to recognize for non-professionals.

SP04 Apply professional criteria based on the handling of technical instruments to the analysis of business management problems.


Learning outcomes

R_CO_01. To know the basic elements of accounting, its theoretical foundations and its application for decision making.
R_CO_02.To carry out, on the basis of the appropriate financial statements, the diagnosis of the economic-financial situation and the analysis of the cash flows over a period of time.
R_CO_03.Learn to assess and discuss the effects that different accounting treatment alternatives have on basic financial statements.
R_CO_04.Understand and apply current accounting regulations.
R_CO_05.Communicate clearly and comprehensibly the results of accounting analyses carried out using technicalities specific to the discipline.



Methodology-Activity Hours (Room) Hours (out of room)
A-1 Presentations 28  
A-2 Lab sessions 28  
A-4 Work in teams   30
A-6 Individual study and advance reading   58
A-7 Exams 04  
A-8 Office hours   02
Total 60 90



Learning Outcomes Assessment activity Weight (%) It allows test resit Minimum required grade
R_CO_01. to 05. Project: analysis of the consolidated statements of a real multinational group. Continuous assessment Active involvement in the sessions, oral presentations and cases. 30% No  
R_CO_01. to 05. Participation and activities 20% YES. Exam  
R_CO_01. to 05. Exams 50% YES. Exam 50%

Additionally, the following minimum requirements will be applied:

Final exam: for attendance, none. To pass the course, minimum qualification will be set.

Recovery exam: To pass the course, same requirement as for the final exam.



1. Overview of the financial reporting process

2. Statement of financial position

3. Income statement

4. Statement of cash flows

5. Other financial information and accounting problems

6. Overview of financial statement analysis and valuation

7. Profitability analysis

8. Risk analysis (I)

9. Risk analysis (II)



Access the bibliography that your professor has requested from the Library.

Kieso, E., Weygandt, Jerry J. and T.D. Warfield (2011). Intermediate Accounting. IFRS Edition. Volume 1. Wiley (ISBN 978-0-470-61630-7)

Kieso, E., Weygandt, Jerry J. and T.D. Warfield (2011). Intermediate Accounting. IFRS Edition. Volume 2. Wiley (ISBN 978-0-470-61631-4)

Easton, P.D., Halsey, R.F., Mcanally, M.L., Hartgraves, A.L. and Morse, W.J. (2015).Financial and Managerial Accounting for MBAs. Cambrigde

Roman L. Weil, Katherine Schipper, Jennifer Francis (2013) Financial Accounting: An Introduction to Concepts, Methods and Uses, 14th Edition. Cengage Learning

Palepu, K.G., Healy, P.M., Bernard, V.L. and Peek, E. (2019) Business analysis and valuation. IFRS edition. Thomson

Estados contables: elaboración, análisis e interpretación (séptima edición) (2022) Archel, Pablo; Carrasco, Fernando; Lizarraga, Fermín; Sánchez, Santiago y Cano, Manuel

Editorial Pirámide (2012)