ACCT 76312 - Directed Readings in Analysis and Valuation Using Financial Statements

Institution:

University of Notre Dame

Subject:

Accountancy

Description:

This directed readings course is intended as an extension of ACCT 70310 focusing like ACCT 70310 on the use of accounting information for equity valuation and techniques of fundamental analysis. The readings include a detailed examination of alternative methods of equity valuation at an advanced theoretical and practical level. While accounting-based approaches to valuation using the residual operating income valuation model are considered, the readings focus on the theoretical and practical advantages and disadvantages of alternatives to the residual income approach such as discounted free cash flows and abnormal earnings growth models. The readings include a rigorous comparison of discounted free cash flow and accounting-based approaches to fundamental valuation, how the accounting-based approaches lend themselves to an analysis of determinants of firms' price-to-earnings and market-to-book ratios, and current approaches to dealing with accounting issues in these models vis-a-vis the accounting issues one encounters in discounted cash flow models. In addition, approximately one credit hour of this course will be devoted to reading and problem material on fair value accounting, including coverage of SFAS 157 and SFAS 159.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.nd.edu

Phone Number:

(574) 631-5000

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Semester

The Course Profile information is provided and updated by third parties including the respective institutions. While the institutions are able to update their information at any time, the information is not independently validated, and no party associated with this website can accept responsibility for its accuracy.