AFC3230

Financial analysis and valuation

(BUS)

Dr Paul Mather

6 points + One 2-hour lecture and one 1-hour tutorial per week + Second semester + Clayton + Prerequisite: AFC2120 or AFC2140

Synopsis: Analysis of published financial statements, application and use of financial ratios and forecasting techniques. Cash flow-based share valuation, including discounted cash flow and free cash flow approaches to valuation; accounting-based share 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, based on Australian and international case studies.

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