Financial Statement Analysis

This course is about “fundamental” financial analysis; that is, evaluating the quality of financial information and using the information to reveal the economics of firms. These are core skills for equity and credit analysis and investment banking. The adopted techniques are applicable to the analysis of financial and strategic decisions within firms and cover topics such as the analysis of profitability, Earnings per share (EPS), growth and valuation generation in a firm, trend analysis and multivariate analysis, diagnosing accounting quality, forecasting earnings and cash flows, and proforma analysis for strategy and planning. The course is advanced in the sense that it will be working at the frontier of current practice, however the style is strongly practical.