306-330 Business and Financial Analysis

306-202 Intermediate Financial Accounting and 333-201 Business Finance (or equivalent)

This subject provides the capstone course in business and financial analysis focusing on shareholder value analysis, valuation and analysis of business segments and industry and competitor analysis. The subject will include a detailed analysis of the financial statements and additional disclosures to assess the liquidity, performance and financial position of the firm.

• High level of development: team work; application of theory to practice; interpretation and analysis; synthesis of data and other information; evaluation of data and other information; accessing data and other information from a range of sources.

• Moderate level of development: collaborative learning; written communication; critical thinking; use of computer software; receptiveness to alternative ideas.

• Some level of development: oral communication; statistical reasoning.

A 2-hour end-of-semester examination (50%), written assignments totalling not more than 3000 words (30%) and intra-semester tests (20%). Satisfactory completion of this subject requires a pass (50%) in the end-of-semester exam.

S Penman, Financial Statement Analysis and Security Valuation, Irwin/McGraw-Hill, (3rd edn), 2007.