Calendar--Fall 2008

Module 2: Earnings Magic

Date	Description	Homework
October 9	EM Chapter 1, Earnings Magic & the Unbalanced Sheet
Oct. 14	EM Chapters 2, Caught in the Act; Chapter 3, The New Accounting; EM Chapter 4, Wading Through the Earnings Numbers	Scandals Project
Oct. 16	Chapter 5, Key Accounting Issues (note Appendix on Dow 30); EM Chapter 6, Stock Options;	Stock Options Problem
Oct. 21	EM Chapter 7, Pensions & OPEB	Pension/OPEB Problem
Oct. 23	EM Chapter 7; EM Chapter 8, Revenues	Revenue Problem
Oct. 28	Chapter 9, Earnings, Expenses, and Expectations	Bottom Line Problem
Oct. 30	EM Chapter 10, Strange Special Items; Chapter 11, Treasury Stock & Dividends	Treasury Stock Problem
November 4	EM, Chapter 12, Off-balance-sheet; Chapter 13, Acquisitions	Operating Leases Problem
Nov. 6	EM Chapter 13; Chapter 14, Dishonorable Mention	Acquisitions Problem
Nov. 11	EM Chapter 14, Dishonorable Mention	Equity Method Problem
Nov. 18	EM Chapter 14; possible quiz	Segment Reporting Problem
Nov. 20	EM Chapter 14; Earnings Magic Summary, Group Project 2 analysis	Audit Opinion Problem
Nov. 25	EM Chapter 14	Compensation Problem
Nov. 27	Thanksgiving Holiday
December 2	Review	Group Project 3 due, Individual Evaluation Sheet (Peer) due, course evaluation
	Final Exam:	Section 501: Wed., Dec. 10, 8-10 am Section 502: Tues., Dec. 11, 1-3 pm

Module 1: Financial Analysis

Date	Description	Homework
August 26	Introduction.  Class Outline, describe books & course structure.  Collect Student Information Sheets.
Aug. 28	Chapter 1, What is Financial Analysis?  The Six-step process for a systematic analysis	Problem 1.1:  Du Pont's Corporate Overview and Business Strategy;
September 2	Chapters 2, The Financial Environment & 3, Financial Statements	Problem 2.1: Components; Problems 2.7 & 2.8:  Beta & growth analysis
Sept. 4	Chapters 4, Quantitative Financial Analysis Techniques	Problem 4.1:  Common-size analysis Problem 4.2:  Liquidity Problem 4.3:  Activity
Sept. 9	Chapter 4 continued; possible quiz	Problem 4.4:  Leverage. Problem 4.5:  Profitability. Problem 4.6:  Du Pont Model. Case 4.2: Overview
Sept. 11	Chapter 5, Multi-period Analysis	Problem 5.1: Growth Analysis Problem 5.2: Trend Analysis Problem 5.3: Quarterly Analysis
Sept. 16	Chapter 6, Market Analysis	Problem 6.1: Stock price chart; Problem 6.2.  Price earnings & dividend ratios. Problem 6.3.  PE to annual earnings growth (PEG). Group Project 1 due
Sept. 18	Chapter 6, Market Analysis; possible quiz	Problem 6.4.  Market-to-book ratios. Problem 6.5.  Earnings growth model Case 6.1.  Market analysis for the chemical companies.
Sept. 23	Chapter 11, Capital Structure & Credit Risk; Chapter 12, Credit Analysis	Discussion of Group Project 1; Problem 11.1.  Ratios Problem 11.2.  Z-scores
Sept. 25	Chapter 12, Credit Analysis; possible quiz (including Chap. 11)	Problem 12.1. Du Pont credit analysis (turn-in project)
Sept. 30	Chapter 13, Equity Investment Analysis.	Group Project 2 due
October 2	Review for midterm	Discuss Group Project 2
Oct. 7	Midterm Exam