The purpose of this course is to learn about fundamental drivers of value and risk by analyzing financial statements of businesses in different industries. Every public company provides a lot of financial and operational information in its filings. How can this information be used to evaluate its prospects and its risks?
The course is organized around two themes (1) how to identify relevant information in the financial information reported by firms, and (2) how to draw inferences using sound analytical methodology. To this end, we will review techniques for valuation and risk analysis used by banks and asset management firms. The valuation models you will study in this course are all fundamental models – models that use
financial information and review the fundamental operating characteristics of the company. We will learn to build simple financial models, perform risk analysis and fine tune value drivers. Much of the data comes from the financial statements – but it requires a careful study of arcane footnotes to unearth the information provided by the companies. This is an advanced course that goes into the details of footnote analysis, accounting rules, and financial presentations. This course builds on what you learned in Financial Accounting and Corporate Finance. These courses are pre‐requisites for taking this course. It is assumed that you have already taken these courses. If you have not taken these courses you should first talk with me before you register. This course will build significantly on your knowledge from those courses. If your basics are solid and you are interested in learning to read financial statements; if you wish to learn to apply financial analysis; this course is for you. We will use excel to build some of the models – but this is not a course in excel. But, it is highly recommended that
you have a good working knowledge of how to build formulas in excel before you come to this class.
By the end of the course, you should be able to perform a thorough, credible investment or credit analysis that meets a high standard. Students should have the ability to estimate fundamental values, and pull apart the information in the financial statements to get relevant information. This course should be of interest to those contemplating careers in investment banking, security analysis, private
equity, hedge funds, and corporate finance.
Division: Accounting
Prerequisite
Complete ALL of the following Courses
Summer 2024
B7009 - 001
EMBA - NY Friday/Saturday Electives
-
Friday
05/10/2024
12:30PM - 3:30PM
Geffen 520
-
Saturday
05/11/2024
12:30PM - 3:30PM
Geffen 590
-
Friday
05/17/2024
8:30AM - 11:30AM
Geffen 390
-
Saturday
05/18/2024
8:30AM - 11:30AM
Geffen 390
-
Friday
05/31/2024
12:30PM - 3:30PM
Kravis 490
-
Saturday
06/01/2024
3:45PM - 6:45PM
Geffen 390
-
Saturday
06/29/2024
12:30PM - 3:30PM
Geffen 520
-
Friday
07/12/2024 - 07/13/2024
8:30AM - 11:30AM
Geffen 520
-
Saturday
07/13/2024 - 07/26/2024
3:45PM - 6:45PM
Geffen 590
-
Saturday
07/27/2024
3:45PM - 6:45PM
Geffen 390
-
Friday
08/09/2024
3:45PM - 6:45PM
Geffen 490
-
Saturday
08/17/2024
8:30AM - 11:30AM
Geffen 390
Fall 2023
B7009 - 001
EMBA -NY Weekend Elective (Saturdays)
-
Saturday
09/09/2023
3:45PM - 6:45PM
Kravis 820
-
Saturday
09/23/2023
12:30PM - 3:30PM
Kravis 820
-
Saturday
10/07/2023
3:45PM - 6:45PM
Kravis 820
-
Saturday
10/21/2023
3:45PM - 6:45PM
Kravis 680
-
Saturday
11/04/2023
8:30AM - 11:30AM
Kravis 820
-
Saturday
11/04/2023
12:30PM - 3:30PM
Kravis 820
-
Saturday
11/18/2023
8:30AM - 11:30AM
Kravis 820
-
Saturday
11/18/2023
12:30PM - 3:30PM
Kravis 820
-
Saturday
12/02/2023
12:30PM - 3:30PM
Kravis 820
-
Saturday
12/02/2023 - 12/09/2023
3:45PM - 6:45PM
Kravis 820
-
Saturday
12/09/2023
8:30AM - 11:30AM
Kravis 820
-
Saturday
12/16/2023
12:30PM - 3:30PM
Kravis 820
Summer 2023
B7009 - 001
EMBA - NY Friday/Saturday Electives
-
Friday
05/12/2023
3:45PM - 6:45PM
Geffen 520
-
Saturday
05/13/2023
12:30PM - 3:30PM
Geffen 520
-
Saturday
05/20/2023
3:45PM - 6:45PM
Geffen 520
-
Friday
06/02/2023
3:45PM - 6:45PM
Kravis 420
-
Saturday
06/03/2023
8:30AM - 11:30AM
Kravis 620
-
Saturday
06/17/2023
3:45PM - 6:45PM
Geffen 520
-
Friday
06/23/2023
12:30PM - 3:30PM
Geffen 520
-
Saturday
06/24/2023
12:30PM - 3:30PM
Geffen 520
-
Friday
07/07/2023
8:30AM - 11:30AM
Geffen 520
-
Saturday
07/08/2023
8:30AM - 11:30AM
Geffen 520
-
Friday
08/04/2023
12:30PM - 3:30PM
Geffen 520
-
Friday
08/18/2023
12:30PM - 3:30PM
Geffen 520
-
Saturday
07/22/2023
8:30AM - 11:30AM
Geffen 490
Spring 2023
B7009 - 001
EMBA-NY Friday/Saturday Electives
-
Friday
01/06/2023
8:30AM - 11:30AM
Geffen 390
-
Saturday
01/07/2023
8:30AM - 11:30AM
Geffen 390
-
Friday
01/20/2023
8:30AM - 11:30AM
Geffen 390
-
Saturday
02/04/2023
3:45PM - 6:45PM
Geffen 590
-
Friday
02/17/2023
12:30PM - 3:30PM
Kravis 490
-
Saturday
02/18/2023
8:30AM - 11:30AM
Geffen 590
-
Friday
03/03/2023
3:45PM - 6:45PM
Geffen 390
-
Saturday
03/04/2023
12:30PM - 3:30PM
Kravis 490
-
Friday
03/24/2023
12:30PM - 3:30PM
Geffen 390
-
Friday
03/31/2023
3:45PM - 6:45PM
Kravis 670
-
Saturday
04/01/2023
3:45PM - 6:45PM
Kravis 640
-
Friday
04/21/2023
12:30PM - 3:30PM
Geffen 390
Fall 2022
B7009 - 001
EMBA - NY Saturday Electives
-
Saturday
09/10/2022
3:45PM - 6:45PM
Geffen 440
-
Saturday
09/17/2022
3:45PM - 6:45PM
Geffen 440
-
Saturday
09/24/2022
12:30PM - 3:30PM
Geffen 440
-
Saturday
10/08/2022
8:30AM - 11:30AM
Geffen 570
-
Saturday
10/15/2022
3:45PM - 6:45PM
Kravis 410
-
Saturday
10/22/2022
12:30PM - 3:30PM
Geffen 440
-
Saturday
10/29/2022
12:30PM - 3:30PM
Geffen 440
-
Saturday
11/05/2022
8:30AM - 11:30AM
Kravis 410
-
Saturday
11/12/2022
8:30AM - 11:30AM
Geffen 440
-
Saturday
11/19/2022
3:45PM - 6:45PM
Geffen 440
-
Saturday
12/03/2022
8:30AM - 11:30AM
Geffen 570
-
Saturday
12/10/2022
8:30AM - 11:30AM
Geffen 440
-
Saturday
12/17/2022
8:30AM - 11:30AM
Geffen 440