Financial statement analysis is an integral part of the business analysis of the firm; it requires examination of the relevant economic situation, industry analysis, and the firm's strategic position. The financial information contained in a firm's financial statements should be interpreted within those contexts and constraints. This course covers the basics of both qualitative and quantitative analysis of the firm's reports and then looks further into valuation techniques. The aim is to provide a working knowledge of the role of financial reports in the overall firm valuation, with emphasis on strategic analysis. This course adopts a practical approach where possible using data from real life cases. You will gain an appreciation of the usefulness and importance of financial statement information and the tools used to evaluate such information.