Financial reporting provides a window into the operational and financial
workings of a company. However, translating this information into
actionable insights is anything but straightforward. It requires an
understanding of Generally Accepted Accounting Principles (GAAP), the
quality of financial information, and the adjustments and analyses
required to accurately measure and evaluate firm performance, risk,
growth prospects, and value. This course is devoted to a systematic
study of these topics, often in industry-specific contexts. We will
discuss key GAAP in detail, and analyze many actual financial
disclosures and accounting abuses. We will also cover standard and
not-so-standard financial analysis techniques, and incorporate insights
from practitioner and academic research. The primary objective is to
acquire a deep understanding of accounting information and how to
intelligently use it in making investment and related decisions. Such
knowledge is required of executives, bankers, analysts, investment
managers, and other sophisticated users of financial information.
Ernst & Young Professor of Accounting & Finance
Professor Nissim earned his PhD in Accounting at the University of California, Berkeley, and joined Columbia Business School in 1997. He was granted tenure in 2005, and full professorship in 2007. He served as the Chair of the Accounting Division during the years 2006–2009 and 2014–2016.
Professor Nissim’s research is primarily in the areas of earnings quality, fundamental analysis, equity valuation, financial institutions...