This course is intended to provide you with the tools to carry out a business valuation using residual income valuation techniques.
We study the actual financial statements of publicly-traded companies in the assignments that we discuss in class. The course combines accounting principles and investment principles to answer the question: How do I account for value so that I can challenge stock prices with some confidence?
This course can be taken as part of the Master in accounting and auditing.
- Introduction to investing and valuation
- Accounting quality analysis
- Reformulation of financial statements
- Valuation using multiples
- Residual income valuation models
- Analysis of risk and return
- Forecasting analysis
- Writing an equity research report
Teaching begins in the middle of March. Please note that while attendance is not compulsory in all courses, it is the student’s own responsibility to obtain any information provided in class that is not included on itslearning or in the textbook.
Group mid-term assignment over a week, usually early in May, and a 3-hour written exam under supervision, usually in the middle of May.
This course is taught in English.
A syllabus is available in the student portal for applicants who have been admitted to the programme. Username and password for the student portal will be sent to you before the start date.
The tuition fee is normally charged after the start of the semester. You will find the invoice under My invoice in the student portal.
Financing: The enrolment contract is made with you and not your employer, even if the employer pays for your studies.