This course helps students understand how firms communicate through financial statements. They learn how to:
- use financial statement analysis as an integral part of the strategic analysis of firms;
- interpret financial statements, analyze cash flows, make judgments about earnings quality and uncover hidden assets and liabilities;
- apply financial statement analysis prospectively to forecast and value firms by applying modern accounting-based technologies.
Students are also exposed to the latest academic research on fundamental analysis. The course has a very practical emphasis, with a wide variety of cases, in-class exercises and a group project, all involving comprehensive analyses of publicly traded companies.
Adjunct Assistant Professor
Professor Yeo is an Adjunct Assistant Professor at the Columbia Business School. Professor Yeo's research focuses on accounting-based equity valuation. His current work focuses on parameters that are pivotal to valuing securities. The valuation parameters that he examines include required rates of return by investors, growth rates, tax-adjustments and biases in analyst earnings per share forecasts. Prior to joining Columbia, Yeo was a...