This subject introduces valuation techniques that are widely used in the accounting and finance sector to value firms. We use a fundamental analysis approach to understand and analyse the current state of a firm, drawing heavily upon financial statement analysis to assess its performance, identify major accounting policies that may impact the quality of the reported figures, and assess the underlying risk. The insights from this process are used to forecast the future performance of the firm and estimate its cost of capital. Finally, we use both intrinsic and relative valuation techniques in assessing the value of the firm. Throughout this subject, students will use Excel to build a financial model to value a takeover target.
This accounting capstone subject draws heavily on knowledge you have acquired during your degree, and integrates it through real-world application in the valuation context. While this is an accounting subject, it is also of interest to those contemplating careers in investment banking, equity research, funds management, corporate finance, and business consulting.
|Faculty||Bond Business School|
|Study abroad||Available to Study Abroad students|
1. Research and extract financial and business information from published financial reports and international databases.
2. Use excel in demonstrating the application and integration of various financial analysis and valuation techniques, and critically analyse their benefits and limitations.
3. Work in a group to complete a written valuation report for a takeover target and undertake an oral presentation of their findings.
4. Exercise judgement under supervision to provide possible solutions to routine accounting problems in straightforward valuation contexts using where appropriate ethical, entrepreneurial and/or global perspectives.
5. Reflect on performance feedback and identify learning opportunities for self-improvement.
Students must have successfully completed ACCT13-303 Accounting Theory and Application and FINC12-200 Fundamentals of Finance or equivalent prior to undertaking ACCT13-311.