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Master courses

Corporate Valuation

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.

Course content

  • 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

Practical information

Course plan