| 1 | Introduction: Accounting Scandals, Business Valuation and Market Efficiency | |
| 2 | The Basics of Company Valuation: DCF Foundations Setting the Stage for Using Accounting Information | |
| 3 | Cash Flow Analysis: Is Cash King? | |
| 4 | Using Accounting Earnings for Valuation - Why Earnings and Not Cash Flow? | Submit group names and select company for Project |
| 5 | Comparative Analysis: What Do Analysts Do? | |
| 6 | Turbo Accounting I - A Review of How to Read a Financial Statement | Homework #1 Due |
| 7 | How Companies Cook the Books | |
| 8 | Detecting Earnings Management: Applied Analysis | |
| 9 | 1) Quiz #1 - In Class
2) Final Guidance/Overview on Part 1 of Project | Optional Review Session scheduled day before Quiz |
| You must e-mail Part 1 of your team's report to me and to the due diligence team by 5:00 pm the day after class 9. |
| 10 | Analyst Team Presentations and Due Diligence Response by Matched Teams | "Cash Flow Projections and Earnings Quality" |
| 11 | Analyst Team Presentations and Due Diligence Response by Matched Teams | "Cash Flow Projections and Earnings Quality" |
| 12 | Risk Assessment: Do Financial Statements Capture Risk? | |
| 13 | Risk I: Cost of Capital: Is CAPM Dead? | |
| 14 | Risk and Accounting Trading Strategies: Do Investors Understand Accounting? | |
| 15 | Risk II: Accounting #'s in Contracts: Ratio Analysis and Bankruptcy Detection | |
| 16 | Mergers and Acquisitions: Impairment of Goodwill, Writedowns, Private Firm Valuation | Homework #2 Due |
| 17 | Employee Stock Options and Valuation: Should Options be Expensed? Understanding the current debate | |
| 18 | 1) Quiz #2 - In Class
2) Final Guidance/Overview on Part 2 of Project | Optional Review Session scheduled day before Quiz |
| 19 | Off Balance Sheet Activities - Deconstructing the Enron Debacle and Beyond | |
| 20 | Pension Plans - The Next Accounting Disaster? | |
| 21 | International Financial Analysis | |
| 22 | Hot Topics in Accounting and Valuation: + Capstone | Homework #3 Due |
| You must e-mail your team's complete report (Part 1 and Part 2) to me and to the due diligence team by 5:00 pm the day after class 23. |
| 23 | Analyst Team Presentations and Due Diligence Response by Matched Teams | "Company Valuation and Risk Assessment" |
| 24 | Analyst Team Presentations and Due Diligence Response by Matched Teams | "Company Valuation and Risk Assessment" |