The aim:
1. Score the credibility of companies’ financial statements and disclosed accounting policies.
2. Select adjustments of accounting items and policies for purposes of evaluating companies.
3. Evaluate how to use financial statement analysis in the assessment of central financial aspects of companies.

Acquired knowledge:
1. Analyze financial statements using knowledge of the underlying accounting principles, and financial analysis techniques.
2. Be able to present the financial results and position of a company relative to its industry and peer group in oral and written format.
3. Apply the principles of business combinations and how they affect analysis of financial performance and valuation of the company.

Acquired skills:
1. Student can use the acquired knowledge about financial condition in the process of searching for optimal ways to improve it in the future.

Acquired social skills:
1. Student is able to collaborate in a group, taking various roles in implementation of the accepted task.
2. Student is aware of the role of financial analysis in the process of making economic decisions.

Course contents: 
1. Basic knowledge about Financial Statements Analysis.
2. Trial Balance and Profit and Loss Account in practice.
3. Basic accounting procedures.
4. Cash Flow and Statement of changes in equity.
5. Initial analysis of financial statements.
6. Ratio analysis of financial statements.

Recommended reading: 
1. MARTIN FRIDSON FERNANDO ALVAREZ, FRIDSON M., ALVAREZ F., John Wiley & Sons, Inc.. New York 2002