AFC3230

Financial analysis and valuation

(BUS)

Associate Professor Alan Ramsay

6 points + Two 1-hour lectures and one 1-hour tutorial per week + Second semester + Clayton + Prerequisite: AFC2120

Synopsis: The form and content of published financial statements, application and use of financial ratios and forecasting techniques. Cash flow-based valuation, including discounted cash flow and free cash flow approaches to valuation; accounting-based valuation including earnings multiples, residual income valuation models and economic value added. Credit analysis and financial distress prediction, equity security analysis and mergers and takeovers.

Assessment: Written (2500 words): 25% + Group presentation: 15% Examination (3 hours): 60%