Financial Analysis and Valuation
Gold Coast, Australia
Area of Study
Taught In English
Students must have successfully completed ACCT11-100 Introduction to Accounting and FINC12-200 Fundamentals of Finance or equivalent as well as 36 Credits of their program prior to undertaking ACCT13-311.
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3 - 4
Recommended U.S. Quarter Units4.5 - 6
Hours & Credits
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.Learning Objectives1. 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.
Courses and course hours of instruction are subject to change.
Eligibility for courses may be subject to a placement exam and/or pre-requisites.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.