ACCT 681 - Financial Statement Analysis and Business Valuation

Units: 3
Examine a company’s competitive strategies and its industry characteristics. Analyze the profitability and risk of a company. Prepare forecast for a company. Study the valuation of the company using dividend-based, cash-flow-based, earnings-based and market-based valuation models.

Prerequisites: ACCT 613 with grade C or better.
Equivalent Quarter Course: ACCT 6560.
Possible Instructional Methods: Entirely On-ground.
Grading: A-F grading only.
Student Learning Outcomes - Upon successful completion of this course students will be able to:

Identify and assess the economic characteristics that drive competition in an industry.
Evaluate firm profitability and compare the profitability of firms using the rate of return on assets and its components.
Evaluate a firm’s short-term liquidity risk and long-term solvency risk.
Apply the concept of quality of accounting information.
Develop financial statement forecasts including balance sheets, income statements, and statement of cash flows.
Estimate risk-adjusted expected rates of return.
Estimate the firm value using dividend-based, cash-flow-based, earnings-based and market-based valuation approaches.