Lecture Notes

LEC # TOPICS
1 Introduction: Accounting Scandals, Business Valuation and Market Efficiency ( PDF )
2 The Basics of Company Valuation: DCF Foundations Setting the Stage for Using Accounting Information ( PDF )
3 Cash Flow Analysis: Is Cash King? ( PDF )
4 Using Accounting Earnings for Valuation - Why Earnings and Not Cash Flow? ( PDF )
5 Comparative Analysis: What Analysts Do? ( PDF )
6 Turbo Accounting I - A Review of How to Read a Financial Statement ( PDF )
7 How Companies Cook the Books ( PDF )
8 Detecting Earnings Management: Applied Analysis ( PDF )
9

  1. Quiz #1 - In Class

  2. Final Guidance/Overview on Part 1 of Project

10 Analyst Team Presentations and Due Diligence Response by Matched Teams
11 Analyst Team Presentations and Due Diligence Response by Matched Teams
12 Risk Assessment: Do Financial Statements Capture Risk? ( PDF )
13 Risk I: Cost of Capital: Is CAPM Dead? ( PDF )
14 Risk and Accounting Trading Strategies: Do Investors Understand Accounting? ( PDF )
15 Risk II: Accounting Numbers in Contracts: Ratio Analysis and Bankruptcy Detection ( PDF )
16 Mergers and Acquisitions: Impairment of Goodwill, Writedowns, Private Firm Valuation ( PDF )
17 Employee Stock Options and Valuation: Should Options be Expensed? Understanding the current debate ( PDF )
18

  1. Quiz #2 - In Class

  2. Final Guidance/Overview on Part 2 of Project

19 Off Balance Sheet Activities - Deconstructing the Enron Debacle and Beyond ( PDF )
20 Pension Plans - The Next Accounting Disaster? ( PDF )
21 International Financial Analysis ( PDF )
22 Hot Topics in Accounting and Valuation: + Capstone ( PDF )
23 Analyst Team Presentations and Due Diligence Response by Matched Teams
24 Analyst Team Presentations and Due Diligence Response by Matched Teams

Course Info

Learning Resource Types

notes Lecture Notes
assignment Problem Sets
grading Exams with Solutions