wir839 - Financial Statement Analysis and Equity Valuation (Vollständige Modulbeschreibung)

Modulbezeichnung	Financial Statement Analysis and Equity Valuation
Modulkürzel	wir839
Kreditpunkte	6.0 KP
Workload	180 h
Einrichtungsverzeichnis	Department für WiRe (BWL und Wirtschaftspädagogik)
Verwendbarkeit des Moduls	Master Betriebswirtschaftslehre: Management und Recht (Master) > Schwerpunktmodule AFT - BWL Master Betriebswirtschaftslehre: Management und Recht (Master) > Schwerpunktmodule RdW - BWL Master of Education (Wirtschaftspädagogik) Wirtschaftswissenschaften (Master of Education) > Mastermodule Master Wirtschafts- und Rechtswissenschaften (Master) > Schwerpunkt "Accounting, Finance, Taxation" (AFT) (MPO2020) Master Wirtschafts- und Rechtswissenschaften (Master) > Schwerpunktmodule AFT - BWL Master Wirtschafts- und Rechtswissenschaften (Master) > Schwerpunktmodule RdW - BWL
Zuständige Personen	Prokop, Jörg (Modulverantwortung) Lehrenden, Die im Modul (Prüfungsberechtigt)
Teilnahmevoraussetzungen	none
Kompetenzziele	By the end of the course students should have answers to the following questions: • How are fundamental values (or “intrinsic values”) estimated? • How are business strategies analyzed in order to understand the value they create? • What business activities determine value? • How is “value created for shareholders” identified? • How does one pull apart the financial statements to get at the relevant information for valuing equities? • What is the relevance of cash-flows? Of dividends? Of earnings? Of book values? • How does ratio analysis help in valuation? • How does profitability tie into valuation? • What is growth? How does one analyze growth? How does one value a growth firm? • How does one analyze the quality of financial reports? • How does one deal with the accounting methods used in financial statements? • How is financial analysis developed for strategy and planning? • What determines a firm's P/E ratio? How does one calculate what the P/E should be? • What determines a firm's market-to-book (P/B) ratio? How does one calculate what the P/B should be? • How does one evaluate risk? For equity? For debt? • How does one evaluate an equity research report? • How does one trade on fundamental information?
Modulinhalte	With a stock market bubble and a financial crisis in our recent history, there have been increasing calls to “return to fundamentals.” This is a course on fundamental analysis. The primary emphasis is on equity (share) valuation, with a focus on developing and applying methods for valuing firms using financial statement analysis.
Literaturempfehlungen	Benninga, Financial Modeling, 2008 (3rd ed.), 2014 (4th ed.), or 2021 (5th ed.), Cambridge (Mass.) Stephen H. Penman (2013), Financial statement analysis and security valuation (5ed.), McGraw-Hill, New York. Further readings may be announced during the course.
Links	https://uol.de/fiwi-bbl
Unterrichtssprache	Englisch
Dauer in Semestern	1 Semester
Angebotsrhythmus Modul	jährlich
Aufnahmekapazität Modul	unbegrenzt
Modulart	je nach Studiengang Pflicht oder Wahlpflicht

Lehrveranstaltungsform	SWS	Workload Präsenz
Vorlesung	2	28
Übung	2	28
Präsenzzeit Modul insgesamt		56 h

Prüfung	Prüfungszeiten	Prüfungsform
Gesamtmodul	Typically at the end of the lecture period. Potential mid-term exams will be announced in the first session.	Typically, a portfolio (consisting of 2-3 parts) or a term paper (Hausarbeit, with a length of about 15-20 pages). Alternative types of exams, such as a written exam (Klausur, with a duration of 90 min.) or an oral exam (mündliche Prüfung, wth a duration of about 30 min.) are possible at the lecturer's discretion. The type of examination will be announced in the first session.