Accounting and Financial Analysis (MiE) -E-
While financial statements represent the standard way to analyze past business activities, they are also the primary tool used to forecast future business activities to derive cash flows. We will use a structured framework that allows analyzing the key value drivers of a firm's or projects value. Cash flows are used as inputs in discounted cash flow or net present value analyses. To perform these analyses effectively, students need a solid understanding of the relation between a project's risk, the risk-contribution of its funding with equity or debt, and the return that investors that fund projects require.
Kurs ID
ACCT502
Art des Kurses
MSc Kurs
Wochenstunden
2,5
ECTS
5
Semester
HS 2021
Vortragssprache
Englisch
Vortragende/r
Dr. Ying Gan, Dr. Michael Erkens
Bitte beachten Sie, dass AustauschstudentInnen im BSc-Programm der WHU eine höhere Anzahl an Credits erwerben als hier aufgeführt. Für weitere Informationen wenden Sie sich bitte direkt an das [International Relations Office].
Kursinhalt
We will cover basic finance concepts such as value and capital budgeting rules, risk and returns, and capital structure. We will also cover basic accounting concepts such as financial ratio analysis, forecasting, and valuation in general.
Termine
Date | Time |
---|---|
Thursday, 02.09.2021 | 13:45 - 18:45 |
Monday, 06.09.2021 | 08:00 - 13:00 |
Thursday, 09.09.2021 | 08:00 - 11:15 |
Monday, 20.09.2021 | 15:30 - 17:00 |
Monday, 04.10.2021 | 08:00 - 13:00 |
Thursday, 07.10.2021 | 08:00 - 11:15 |
Friday, 08.10.2021 | 08:00 - 11:15 |
Wednesday, 13.10.2021 | 13:30 - 15:00 |
Wednesday, 20.10.2021 | 14:00 - 15:30 |
Literatur
- Intermediate Accounting - IFRSedition;Kieso, Weygandt, Warfield; 3rdedition - Corporate Finance; Welch, 4th edition (available for freeviahttp://book.ivo-welch.info/home/)- Equity Valuation and Analysis, Lundholm and Sloan, any edition is fine (available via the library)- Line-Item Analysis of Earnings Quality, Melumad/Nissim (available for free viahttp://www.columbia.edu/~dn75/Line-Item%20Analysis%20of%20Earnings%20Quality.pdf)
Lernmethoden
Lectures based on conceptual examples, theoretical and practical exercises, and accessible scientific evidence. There will be exercises to revisit the concepts from the lectures (primarily on a voluntary basis).
Art der Prüfung
Exam
Voraussetzungen
Because the course is right at the beginning of students Master studies, the only prerequisite is some memory of introductory Finance and Accounting classes at the BSc level.
Umfang
150