Share |
Course NameBasics of Corporate Analysis and Valuation
InstructorKaneko, Seichi
MajorMajor Subjects
Course goalsThe student should be able to: explain different role of financial statements for analysis and valuation, apply analytic tools to financial statements, understand various valuation methods, analyse and value a company to make investment recommendation.
Course outlineThis course is designed for students interested in acquiring basic financial analysis and valuation skills. Using a well renowned textbook, students will learn various analytic tools by calculating financial ratios. Analytical skills are best acquired by using your hand rather than head. Weekly homework and occasional quizzes and mini tests, along with the final test, will help students achieve the learning outcomes shown above. Also, students will analyze and value a company of their choice and submit a written report and make an oral presentation in the class. On average, students are expected to spend one and a half hours to prepare for a class.
Evaluation Scale and Policies20% Participation in classroom activities 30% Homework and mini tests 20% Final test 30% Written and oral presentation of a company analysis and valuation
PrerequisitesIt is assumed that students are familiar with basic bookkeeping and financial accounting. Official language is English and no Japanese language is permitted in the class. Students are expected to participate in the class actively. Bring a calculator to solve quizzes in the class.
Texts, materials, and suppliesRequired text: Stolowy, Herve, Michel J. Lebas and Yuan Ding, Financial Accounting and Reporting: A Global Perspective, Fourth Edition, South-Western, 2013. (This book is also a required text for "Intermediate Accounting" and "Introduction to IFRSs".) Optional reference: 金子誠一『会計パーソンのための英語学習法』中央経済社、2012年。
Course Schedule/Plan1. Orientation and overview of the course.
2-3. Basics of financial analysis and valuation, (Stolowy, Lebas and Ding, Chapter 2), Mini test.
4-5. Analysis of the balance sheet, (Stolowy, Lebas and Ding, Chapter 15), Mini test.
6. Analysis of the income statement, (Stolowy, Lebas and Ding, Chapter 16).
7-8. Analysis of the statement of cash flow, (Stolowy, Lebas and Ding, Chapter 17), Mini test.
9-11. Ratio analysis and other relevant issues, (Stolowy, Lebas and Ding, Chapter 18), Mini test.
12-13. Stock price valuation with CAPM and the dividend discount model. Preparation for Presentation and Final Test
14. Presentation.
15. Final Test.
The above schedule is subject to change. More detailed schedule of activities will be provided in the class.