Business Analysis Using Financial Statements

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	Quiz #1 - In Class 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	Quiz #2 - In Class 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