| 1 |
Introduction: Accounting Scandals, Business Valuation and Market Efficiency |
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| 2 |
The Basics of Company Valuation: DCF Foundations Setting the Stage for Using Accounting Information |
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| 3 |
Cash Flow Analysis: Is Cash King? |
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| 4 |
Using Accounting Earnings for Valuation - Why Earnings and Not Cash Flow? |
Submit group names and select company for Project |
| 5 |
Comparative Analysis: What Do Analysts Do? |
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| 6 |
Turbo Accounting I - A Review of How to Read a Financial Statement |
Homework #1 Due |
| 7 |
How Companies Cook the Books |
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| 8 |
Detecting Earnings Management: Applied Analysis |
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| 9 |
1) Quiz #1 - In Class
2) Final Guidance/Overview on Part 1 of Project |
Optional Review Session scheduled day before Quiz |
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You must e-mail Part 1 of your team's report to me and to the due diligence team by 5:00 pm the day after class 9. |
| 10 |
Analyst Team Presentations and Due Diligence Response by Matched Teams |
"Cash Flow Projections and Earnings Quality" |
| 11 |
Analyst Team Presentations and Due Diligence Response by Matched Teams |
"Cash Flow Projections and Earnings Quality" |
| 12 |
Risk Assessment: Do Financial Statements Capture Risk? |
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| 13 |
Risk I: Cost of Capital: Is CAPM Dead? |
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| 14 |
Risk and Accounting Trading Strategies: Do Investors Understand Accounting? |
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| 15 |
Risk II: Accounting #'s in Contracts: Ratio Analysis and Bankruptcy Detection |
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| 16 |
Mergers and Acquisitions: Impairment of Goodwill, Writedowns, Private Firm Valuation |
Homework #2 Due |
| 17 |
Employee Stock Options and Valuation: Should Options be Expensed? Understanding the current debate |
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| 18 |
1) Quiz #2 - In Class
2) Final Guidance/Overview on Part 2 of Project |
Optional Review Session scheduled day before Quiz |
| 19 |
Off Balance Sheet Activities - Deconstructing the Enron Debacle and Beyond |
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| 20 |
Pension Plans - The Next Accounting Disaster? |
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| 21 |
International Financial Analysis |
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| 22 |
Hot Topics in Accounting and Valuation: + Capstone |
Homework #3 Due |
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You must e-mail your team's complete report (Part 1 and Part 2) to me and to the due diligence team by 5:00 pm the day after class 23. |
| 23 |
Analyst Team Presentations and Due Diligence Response by Matched Teams |
"Company Valuation and Risk Assessment" |
| 24 |
Analyst Team Presentations and Due Diligence Response by Matched Teams |
"Company Valuation and Risk Assessment" |