Overview:
- Credits:
- 5.0
- Level:
- 4
- Semester:
- Autumn
- Subject:
- Accountancy
- School:
- Business
- Coordinator:
- Dermot Hardy
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Curricular information is subject to change
Part 1 Introduction to Financial Statements in the Aviation Industry
After completing this part of the module, a student should be able to:
- navigate the income statement, balance sheet and cash flow statement.
- explain how the financial statements are connected by the accounting equation.
- describe the impact of accrual accounting on the financial statements.
- identify and source information about airlines from financial statements, Bloomberg and other sources.
Part 2 Accounting Analysis in the Aviation Industry
After completing this part of the module, a student should be able to:
- identify the critical accounting policies and assumptions that are applied in preparing an airline s financial statements.
- understand the implications of accounting policies for the airline s financial statements.
- Explain and calculate (for basic cases) how leases are reflected in the financial statements of both lessors and lessees.
- understand from a user s perspective how fuel price and foreign exchange derivatives are reflected in the financial statements of airlines.
- review a set of financial statements and identify issues that may impact on the analysis of the information in those statements.
Part 3 Financial Analysis and Forecasting in the Aviation Industry
After completing this part of the module, a student should be able to:
- prepare and analyse common size statements and trend analysis statements, evaluate the costs, profitability? and return of an airline.
- analyse the operating statistics of an airline.
- forecast an airline's income statement and balance sheet.
Part 4 Credit Risk Analysis in the Aviation Industry After completing this part of the module, a student should be able to:
- evaluate the liquidity and leverage of an airline.
- describe how credit rating agencies assess credit risk.
- describe the quantitative models of distress and bankruptcy.
- explain the importance of credit-risk analysis in the aircraft leasing industry.
- prepare and document evidence on key strategic questions about an airline combining accounting analysis, financial analysis and other information.
- form an opinion on the credit risk of an organization in the aviation industry using financial statements and other financial and non-financial data
Student Effort Type | Hours |
---|---|
Lectures | 24 |
Small Group | 1 |
Autonomous Student Learning | 86 |
Total | 111 |
Not applicable to this module.
Description | Timing | Component Scale | % of Final Grade | ||
---|---|---|---|---|---|
Examination: Final Exam | 2 hour End of Trimester Exam | No | Graded | No | 50 |
Project: Financial Analysis Project on an Airline of the student's choice. | Throughout the Trimester | n/a | Graded | No | 50 |
Resit In | Terminal Exam |
---|---|
Spring | No |
• Group/class feedback, post-assessment
Not yet recorded.
Name | Role |
---|---|
Mr Patrick Blaney | Lecturer / Co-Lecturer |
Professor John Cotter | Lecturer / Co-Lecturer |
Professor Gerardine Doyle | Lecturer / Co-Lecturer |