21026-V Financial Statement Analysis and Valuation II , 5 sp
The course deepens the students’ knowledge about corporate fundamental analysis. The course covers tools of financial analysis, including methods of evaluating accounting quality and corporate performance. Special focus is on valuation models and techniques. The prospective analysis incorporates forecasted financial statements, company valuation and sensitivity analysis producing a wide and profound view of the company’s current state and future prospects.
This course builds on and extends concepts covered in Financial Statement Analysis and Valuation I. Students will be expected to have mastered these concepts and be able to apply them in this course.
You have knowledge and skills to work as a financial analyst analyzing 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 and cash flows.
- analyze in depth the contents of financial statements to identify accounting red flags and make accounting adjustments
- value the firm profoundly based on the firm strategies, financial statements, future prospects
- incorporate sensitivity analysis in valuation
International cases in the class.
Only Hanken degree students with accounting as major subject, degree students within the specialisation General Management and incoming exchange students with any major.
Bachelor thesis (21001), Financial Statement Analysis and Valuation I (21025-V) or equivalent knowledge, and at least three financial accounting courses.
Incoming exchange students: Financial Statement Analysis and Valuation I (21025-V) or equivalent knowledge, and at least three financial accounting courses.
Lectures, cases and class discussions
134 hours divided into
Scheduled hours: 24 h lectures
Non-scheduled work: 110 h
Course Work 100% (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)
- Other course and reading material assigned by the instructor.