The world of business is vast, varied, and complex, and accounting plays an important role in it. But sometimes classroom material can seem somewhat removed from real-world business activities. This Accounting-Based Valuation class aims to bring the academic and practitioner worlds together by requiring students to apply valuation techniques to real-world companies. Students integrate financial statement analysis with a broader evaluation of the business environment to forecast financial statements that serve as the basis of a business valuation.
This class provides an overview of alternative valuation techniques, with an emphasis on accounting-based models. In addition to conducting financial statement analysis, students learn to estimate the cost of equity, the cost of debt, and the firm's weighted average cost of capital. Students will present their analysis to representatives from the companies they value and will have the opportunity to listen to and gain insights from other valuation professionals.
This entirely online undergraduate class covers a broad range of topics typically covered in an Advanced Accounting class. A significant portion of the class is devoted to the accounting for business combinations, with an emphasis on the equity method and consolidation accounting. Students also receive an overview of the Securities and Exchange Commission and other key U.S. regulators and securities laws. We supplement these topics with brief coverage of the accounting for state and local governments and private not-for-profit entities. Students are also introduced to the basics of hedge accounting.
This seminar focuses on topics of current interest to financial accounting academic researchers. The purpose of this course is to familiarize PhD students with relevant accounting issues and research methods that will enable them to successfully carry out their own publishable research. Topics include market anomalies, the determinants and consequences of misreporting, voluntary disclosure, regulation, securities litigation, and others.Â