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OEBU 2250A - Financial Analysis

Type d'enseignement : Elective

Semester : Spring 2017-2018

Number of hours : 24

Language of tuition : English

Pre-requisite

None

Course Description

How to apprehend today the question of asset valuation, or more simply "how much is it worth" or "is it profitable?" These key questions are nowadays a central component of complex economic and financial issues such as industrial strategies, value creation, the role and the transformation of financial markets, corporate finance. The course aims to provide basic theoretical tools in corporate finance to better understand and analyze these issues. The course is divided into 4 parts : Financial Statements and Analysis ; Reminder of basic financial theoretical tools such as discount concepts, capitalization, return rates and present value ; Practical application: company valuation ; Financial consequences of operation and paid for in shares for M&A and LBO practices. These concepts are essential to both students preparing for careers in finance and to all those who wish or have an overall vision of a company and its market environment or, more simply, want to master the basics of financial calculation.

Teachers

SCHWAB, Olivier (Associé - Expert en Evaluation Financière, NG Finance)

Pedagogical format

Each course introduces theoretical tools and case studies for illustrative purposes.

Course validation

The course is assessed on the basis of two examinations: a mid-term exam (40%) and a final exam (60%).

Workload

Lecture (24h). Credits: 4.

Required reading

  • McKinsey & Company, Value: The Four Cornerstones of Corporate Finance, John Wiley & Sons, 2010
  • McKinsey & Company, Valuation Workbook, John Wiley & Sons, Sixth Edition
  • Aswath Damodaran, Investment Valuation University Edition, Wiley Finance, 3rd Edition
  • Aswath Damodaran, The Little Book of Valuation, John Wiley & Sons, 2011
  • J. Rosenbaum and J. Pearl, Investment Banking University Edition, John Wiley & Sons, Second Edition .

Additional required reading

  • McKinsey & Company, Valuation University Edition, John Wiley & Sons, Sixth Edition
  • Aswath Damodaran, The Dark Side of Valuation, Pearson Education, Second Edition
  • Brealey, Myers & Allen, Principles of Corporate Finance, Global edition
  • Aswath Damodaran, Damodaran on Valuation, Wiley Finance, second edition