| №
| Assignment
| Form of conducting
|
| Full time
|
|
| Chapter 1 – A framework for business analysis and valuation using financial statements
The role of financial reporting in capital markets. From business activities to financial statements. From financial statements to business analysis
| Reading and solving the problem sets
|
|
| Chapter 2 – Strategy analysis
Industry analysis. Degree of actual and potential competition. Relative bargaining power in input and output markets. Competitive strategy analysis. Sources of competitive advantage. Applying competitive strategy analysis. Corporate strategy analysis.
| Reading and solving the problem sets
|
|
| Chapter 3 – Overview of accounting analysis
The institutional framework for financial reporting. Doing accounting analysis. Value of accounting data and accounting analysis.
| Reading and solving the problem sets
|
|
| Chapter 4 – Asset Analysis
Historical cost and conservatism. Asset reporting challenges. Common misconceptions about asset accounting.
| Reading and solving the problem sets
|
|
| Chapter 5 - Liability and equity analysis
Liability definition and reporting challenges. Common misconceptions about liability accounting. Equity definition and reporting challenges.
| Reading and solving the problem sets
|
|
| Chapter 6 – Revenue analysis
The revenue recognition rule. Revenue reporting challenges.
| Reading and solving the problem sets
|
|
| Chapter 7 – Expense analysis
Matching and conservatism. Expense reporting challenges.
| Reading and solving the problem sets
|
|
| Chapter 8 – Entity accounting analysis
Entity reporting challenges
| Reading and solving the problem sets
|
|
| Chapter 9 – Financial analysis
Ratio analysis. Cash flow analysis.
| Reading and solving the problem sets
|
|
| Chapter 10 – Prospective analysis: forecasting
Relation of forecasting to other analyses. The technique of forecasting. Elements of the detailed forecast. Sensitivity analysis.
| Reading and solving the problem sets
|
|
| Chapter 11 – Prospective analysis: Valuation theory and concepts
Defining value for shareholders. The discounted abnormal earnings valuation method. Valuation using price multiples. Determinants of value-to-Book and value-earnings multiples. Shortcut forms of earnings-based valuation. The discounted cash flow model. Comparing valuation methods.
| Reading and solving the problem sets
|
|
| Chapter 12 – Equity security analysis
Investor objectives. Equity security analysis and market efficiency. Approaches to fund management and security analysis. Financial statement data and security prices.
| Reading and solving the problem sets
|
|
| Chapter 13 – Credit analysis and distress prediction
The market for credit. The credit analysis process. Financial statement analysis and public debt. Prediction of distress and turnaround.
| Reading and solving the problem sets
|
|
| Chapter 14 – M&A
Motivation for merger or acquisition. Acquisition pricing, financing, outcome.
| Reading and solving the problem sets
|
|
| Chapter 15 – Corporate Financing policies
Factors that determine firms’ debt policies. The optimal long-term mix of debt and equity. The financing of new projects. Factors that determine firms’ dividend policies.
| Reading and solving the problem sets
|
