Financial Statements

Major: Finance, Banking and Insurance
Code of subject: 6.072.00.M.041
Credits: 6.00
Department: Finance
Lecturer: Ph.D., docent, docent Bondarenko Lidia Petrivna
Semester: 6 семестр
Mode of study: денна
Мета вивчення дисципліни: The goal of the discipline "Financial statements" is to provide students with the theoretical, methodological and practical skills to understand essence of individual articles of financial statements and perform primary analysis of financial reporting of various business entities: enterprises, banks, insurance companies, budgetary institutions and organizations, small business entities.
Завдання: 1. Ability to search, process and analyze information from various sources. 2. Ability to work autonomously. 3. Ability to prepare and analyze financial statements.
Learning outcomes: 1. Form and analyze financial statements and correctly interpret the received information. 2. Identify sources and understand the methodology of determining and methods of obtaining economic data, collect and analyze the necessary financial information, calculate indicators characterizing the state of financial systems. 3. To be able to analyze the financial condition of enterprises, banks, insurance companies, other financial and credit institutions and evaluate the effectiveness of their financial and economic activities.
Required prior and related subjects: previous educational disciplines: corporate finance, accounting.
Summary of the subject: The study of the discipline "Financial statements" involves in-depth assimilation of knowledge by students regarding the financial reporting of economic entities, in particular, familiarization with the essence of the concepts of financial reporting and its constituent elements, the process of formation and tools of financial reporting analysis. Special attention is paid to the financial reporting of enterprises, banks, insurance companies, small business entities, budgetary institutions and organizations, and to the basic methods of analysis of these entities: horizontal and vertical analysis, and their specifics of use for different types of reporting, opportunities to "read" financial statements, that is, forming preliminary analytical conclusions based on primary research of financial statements.
Опис: Financial statements: general requirements, deadlines and types. Financial statements of enterprises and the main criteria for its preparation. Balance sheet and its main items. Statement of financial results and its basic components. Characteristics of the statement of cash flows. Statement of equity. Financial statements of the bank and features of its formation. Financial statements of the insurance company and its distinctive features. Financial statements of small businesses and the categories of entities that make it up. Financial statements of budgetary institutions and organizations.
Assessment methods and criteria: - current control (laboratory works, independent work (40 %) - final control (test): written-verbal form (60%)
Критерії оцінювання результатів навчання: 1. Performance and defense of laboratory works (40 points): 7 laboratory works, including 1 laboratory work – 4 points, 2 laboratory work – 5 points, 3 laboratory work – 6 points, 4 laboratory work – 3 points, 5 laboratory work – 8 points, 6 laboratory work – 8 points, 7 laboratory work – 6 points. Points may be reduced by 1–5 points for errors in calculations or incorrectly designed tables and figures. For significant errors in the calculations, the laboratory work may be sent for revision.
Порядок та критерії виставляння балів та оцінок: 100–88 points – (“excellent”) is awarded for a high level of knowledge (some inaccuracies are allowed) of the educational material of the component contained in the main and additional recommended literary sources, the ability to analyze the phenomena being studied in their interrelationship and development, clearly, succinctly, logically, consistently answer the questions, the ability to apply theoretical provisions when solving practical problems; 87–71 points – (“good”) is awarded for a generally correct understanding of the educational material of the component, including calculations, reasoned answers to the questions posed, which, however, contain certain (insignificant) shortcomings, for the ability to apply theoretical provisions when solving practical tasks; 70 – 50 points – (“satisfactory”) awarded for weak knowledge of the component’s educational material, inaccurate or poorly reasoned answers, with a violation of the sequence of presentation, for weak application of theoretical provisions when solving practical problems; 49-26 points - ("not certified" with the possibility of retaking the semester control) is awarded for ignorance of a significant part of the educational material of the component, significant errors in answering questions, inability to apply theoretical provisions when solving practical problems; 25-00 points - ("unsatisfactory" with mandatory re-study) is awarded for ignorance of a significant part of the educational material of the component, significant errors in answering questions, inability to navigate when solving practical problems, ignorance of the main fundamental provisions.
Recommended books: 1. Закону України "Про бухгалтерський облік та фінансову звітність в Україні" від 16.07.1999 р. №996-ХГУ. 2. Наказ Міністерства фінансів України “Національне положення (стандарт) бухгалтерського обліку 1 «Загальні вимоги до фінансової звітності» від 07.02.2013 р. № 73. 3. Левицька С. Звітність підприємств: підручник / С. Левицька. Центр навчальної літератури, 2019. – 240 с. 4. Макаренко А.П. Звітність підприємства: навч.-метод. посібник / А.П. Макаренко, Т.О. Меліхова, Ю.В. Подмешальська; ЗДІА. – Запоріжжя: ЗДІА, 2016. – 194 с. 5. Левкович О.В. Оцінка стану і використання необоротних активів підприємства / О.В. Левкович, К.С. Безлюдна // Ефективна економіка, 2021. - №6. – URL: 6. Яремко І.Й. Звітність в системах управління та планування на підприємств: особливості формування та змістовні параметри / І.Й. Яремко, М.В. Заворотній // Ефективна економіка, 2022. - №5. – URL:
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