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ACCT71-511: Security Appraisal and Valuation

Description

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.

Subject details

TypePostgraduate
CodeACCT71-511
EFTSL0.125
FacultyBond Business School
Semesters offered
  • January 2018 [Standard Offering]
  • September 2018 [Standard Offering]
Credit10
Study abroadAvailable to Study Abroad students
Study areas
  • Business and Commerce
Subject fees
  • Commencing in 2017: $4,405
  • Commencing in 2018: $4,591

Learning outcomes

1. Research and synthesise financial and business information from published financial reports and international databases.
2. Use excel in demonstrating the application and integration of advanced 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 expert judgement to provide possible solutions to accounting problems in valuation contexts using where appropriate ethical, entrepreneurial and/or global perspectives.
5. Seek and reflect on performance feedback and identify learning opportunities for self-improvement.

Prerequisites

ACCT71-303 - Accounting Theory and Application
AND
FINC71-600 - Managerial Finance OR Admission into BN-13005 - Master of Finance OR BN-13115 - Master of Finance (Professional)

Subject outlines

Subject dates

Standard
Enrolment opens13/11/2016
Semester start16/01/2017
Subject start16/01/2017
Cancellation 1?30/01/2017
Cancellation 2?06/02/2017
Last enrolment29/01/2017
Last withdrawal?10/02/2017
Teaching census?10/02/2017
Standard
Enrolment opens16/07/2017
Semester start11/09/2017
Subject start11/09/2017
Cancellation 1?25/09/2017
Cancellation 2?02/10/2017
Last enrolment24/09/2017
Last withdrawal?06/10/2017
Teaching census?06/10/2017
Standard Offering
Enrolment opens12/11/2017
Semester start15/01/2018
Subject start15/01/2018
Cancellation 1?29/01/2018
Cancellation 2?05/02/2018
Last enrolment28/01/2018
Last withdrawal?09/02/2018
Teaching census?09/02/2018