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Financial Statement Analysis and Valuation

Fall 2010 EMBA Course

B7110-001: Financial Statement Analysis and Valuation

2011EMBA, GL11, GLA11, Menu A - 01:00AM to 02:00AM

Instructor: Stephen Penman

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.