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Financial Statement Analysis

Financial Statement Analysis

Code: ACC3LF103
Scope: 5 ECTS 
Timing: semester 4
Language: English
Curriculum: GLOBBA16
Course level: Specialisation Studies
Course type: compulsory for ACC/FIE specialisation students

Starting level and linkage with other courses
Prerequisite: ACC3LF101 Financial Accounting.

Learning outcomes
You identify and calculate the major categories of ratios for assessing the financial performance and position of a business. You define, calculate and interpret key financial ratios in terms of profitability, liquidity and solvency. You prepare a common-sized analysis as well a trend analysis. You understand ratings from major different institutions worldwide. You use Excel in a professional manner to analyse data and make conclusions based on statistical analysis. You apply the knowledge to a case company. You will be able to discuss the results and improve your analytical skills.


  • formulas for the ratios: profitability, liquidity cycle and solvency
  • interpreting key ratios by comparison in words
  • key ratio indicators by business field using a median indicator and combination ratios
  • descriptive statistics, correlation, regression and trend analysis
  • cross tabulations and graphical presentation
  • statistical inference

Recognising and validating prior learning (RPL)
If you have acquired the required competence in previous work tasks, recreational activities or on another course, you can show the competence with a demonstration and progress faster through your studies. More information and instructions for RPL are available at MyNet.

Cooperation with the business community
Annual reports and project work.

An international case company and benchmarking the closest competitors in multicultural student teams.

Course formats
Contact and distant sessions or educationalisation.

Students' performance is graded on the following scale: Excellent (5), Very good (4), Good (3), Satisfactory (2), Fair (1), Fail (0).
A link to the joint assessment grid. The assessment of one’s own learning.

Course teacher(s)
Heli Kortesalmi, Jutta Heikkilä

Learning materials
Materials to be announced in the implementation plan.