Handbook

This course focuses on the analysis of financial information arising primarily from the financial reports of firms. Fundamental analysis techniques are examined in detail with particular emphasis on the application of these techniques in equity (share) valuation decisions. The techniques are applied both in class exercises and group projects; all involving listed companies. Topics considered include fundamental ratio analysis using reported and 'off-balance sheet' information, and analysis of accrual accounting and cash flows, the analysis of profitability, growth and valuation generation in a firm, determining the quality of financial reports, forecasting earnings and cash flows, use of pro-forma analysis for strategy and planning, analysis of risk, and a comparison of alternative valuation models. There is a specific focus on data analytics throughout the course.