This subject focuses on the fundamentals of financial analysis including techniques to analyse company financial statements. It reviews the accounting and reporting regulatory framework, examines the components of company financial reports and the information they provide to investors, and discusses how corporations are financed and returns provided to shareholders. It introduces fundamental valuation concepts and demonstrates financial statement analysis and the application of financial ratios in valuing a company for an investment recommendation. The use of both fictitious and real company financial statements provide opportunity for practical application of this learning. This subject is a core subject. For more information, please refer to the subject outline.