AC332 introduces and develops an economic framework for business analysis and corporate valuation. The main focus is on integrating key concepts of economics, accounting, and finance in order to effectively evaluate the information content of financial reports; develop up-to-date applied knowledge of fundamental valuation techniques; and successfully implement investment strategies.
The aim of the course is to help students to become “sophisticated users” of financial accounting information from a fundamental analysis perspective. The course consists of four integrated parts: (i) business strategy analysis; (ii) accounting analysis; (iii) financial analysis; and (iv) forecasting and valuation. Students are expected to develop financial-analysis and valuation-related skills to support the interpretation, evaluation, and use of accounting information from the viewpoint of major users of financial reports (i.e., equity investors, corporate lenders, etc.). Ultimately, students will be able to analyze a wide variety of financial reporting issues and discuss their valuation implications within the context of the relevant academic literature.
As recent trends in big data and predictive analytics are disrupting the way in which equity analysts, portfolio managers, credit-rating agencies, and regulators collect and analyse companies’ financial disclosures, students will also learn how to perform meaningful analyses on real-world data by using spreadsheets (e.g., MS Excel) and/or statistical software packages (e.g., SAS, Stata).
Негізгі бет AC332 Financial Statement Analysis and Valuation (Half Unit)
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