AFX4150 - Empirical research in analysis of financial statements

Leader: Associate Professor Alan Ramsay

Offered

Clayton Second semester 2007 (Day)

Synopsis

Topics selected from accounting-based valuation models, financial ratio analysis from a valuation perspective, empirical research based on accounting-based valuation, fundamental analysis research, risk and financial information, empirical research into share returns and financial information, analysts earnings forecasts and analysts investment recommendations and share returns, management earnings forecasts.

Objectives

The learning objectives of this unit are to:

• describe acounting-based valuation methods and apply these methods to listed companies;
• critically evaluate empirical research that utilises accounting-based valuation;
• critically evaluate empirical research that investigates the role of analysts as information intermediaries in securities markets;
• apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with the analysis of financial statements.

Assessment

Written (2 assignments): 40%
Class presentation: 10%
Examination (3 hours): 50%

Contact hours

Two 1.5-hour sessions per week

Prerequisites

Enrolment in an honours or masters program offered by the Faculty of Business and Economics.

Prohibitions

AFC4170