21025 Financial Statement Analysis and Valuation , 5 sp
The course exposes students to a comprehensive financial statement analysis and valuation framework to be applied to corporate fundamental analysis, integrating strategy, financial reporting, financial analysis and valuation. The course also introduces the student to accounting analysis which includes making accounting adjustments and identifying accounting red flags. Different valuation models are presented.
You have knowledge and skills to analyze companies’ financial statements and strategies and their effects on company value.
- critically examine firm strategies and financial statements when forecasting the future development of a firm’s earnings
- analyze the contents of financial statements to identify accounting red flags and make simple accounting adjustments
- analyze financial ratios and cash flow measures of the operating, financing and investing performance of a company
- use these forecasts to value the firm.
International cases in the class.
Only Hanken degree students with accounting as their major or students within the FADB specialisation, and incoming exchange students with any major subject.
Bachelor thesis (21001) and at least three financial accounting courses completed.
Incoming exchange students: at least three financial accounting courses completed.
Lectures, cases and class discussions
134 hours divided into
Scheduled hours: 20 h lectures and 10 h presentations
Non-scheduled work: 114 h
Course Work (Case) 40% (defined more precisely in the class).
- Palepu, K., Healy, P. & Peek, E. (2016): Business Analysis and Valuation, IFRS edition. Thomson South-Western. 4th edition (main book in the course)
- Besanko, D., Dranove, D., Shanley, M. & Schafer, S. (2010). Economics of Strategy. 5th edition. International student version. John Wiley & Sons. Kap. 12-15. (Selected parts)
Students who have completed the earlier course Financial Statement Analysis and Valuation (8 ECTS, course code 2163) cannot take this course.