Calendar--Fall 2009

Module 2:  Earnings Magic

Date

Description

Homework

October 15

EM Chapter 1, Earnings Magic & the Unbalanced Sheet

 

Oct. 20

EM Chapters 2, Caught in the Act; Chapter 3, The New Accounting; EM Chapter 4, Wading Through the Earnings Numbers

 Scandals Project

Oct. 22

Chapter 5, Key Accounting Issues (note Appendix on Dow 30);  EM Chapter 6, Stock Options;

Stock Options Problem

Oct. 27

EM Chapter 7, Pensions & OPEB

Pension/OPEB Problem

Oct. 29

EM Chapter 7; EM Chapter 8, Revenues

Revenue Problem

November 3

Chapter 9, Earnings, Expenses, and Expectations

Bottom Line Problem  

Nov. 5

EM Chapter 10, Strange Special Items; Chapter 11, Treasury Stock & Dividends

Treasury Stock Problem

Nov. 10

EM, Chapter 12, Off-balance-sheet; Chapter 13, Acquisitions

Operating Leases Problem

Nov. 12

EM Chapter 13; Business Combinations

Acquisitions Problem

Nov. 17

EM Chapter 14, Dishonorable Mention:  Contingencies, Equity Method, Taxes;

Equity Method Problem

Nov. 19

EM Chapter 14, Segment Reporting; Comprehensive Income; Cash Flow

Segment Reporting Problem

Nov. 24

EM Chapter 14

December 1

EM Chapter 14; Derivatives; Corporate Governance

Audit Opinion Problem

Dec. 3

EM Chapter 14; Corporate Governance

Compensation Problem

Dec. 8

EM Chapter 14; Earnings Magic Summary, Group Project 3 analysis  

Group Project 3 due, Individual Evaluation Sheet (Peer) due, course evaluation 

 

Final Exam:           

Section 501: Wed., Dec. 16, 1-3 pm Section 502: Tues., Dec 15, 1-3 pm

 

 

Module 1:  Financial Analysis

Date

Description

Homework

September 1

Introduction.  Class Outline, describe books & course structure.  Collect Student Information Sheets.

 

Sept. 3

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;

Sept. 8

Chapters 2, The Financial Environment & 3, Financial Statements  

Problem 2.1:  Components; Problems 2.7 & 2.8:  Beta & growth analysis

Sept. 10

Chapters 4,  Quantitative Financial Analysis Techniques

Problem 4.1:  Common-size analysis
Problem 4.2:  Liquidity
Problem 4.4:  Leverage

Sept. 15

Chapter 4 continued; possible quiz

Problem 4.3:  Activity
Problem 4.5:  Profitability
Problem 4.6:  Du Pont Model          

Sept. 17

Chapter 5, Multi-period Analysis         

Problem 5.1: Growth Analysis           Problem 5.2: Trend Analysis              Problem 5.3: Quarterly Analysis                    

Sept. 22

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).                                                  Problem 6.4.  Market-to-book ratios.                                                  

Sept. 24

Chapter 6, Market Analysis; possible quiz

Problem 6.5.  Earnings growth model  
Case 6.1.  Market analysis for the chemical companies.                                             Group Project 1 due (moved)                                                   

Sept. 29

Chapter 11, Capital Structure & Credit Risk; Chapter 12, Credit Analysis

Discussion of Group Project 1;            Problem 11.1.  Ratios
Problem 11.2.  Z-scores                                                   

October 1

Chapter 12, Credit Analysis; possible quiz (including Chap. 11)

Problem 12.1.  Du Pont credit analysis (turn-in project)

Oct. 6

Chapter 13, Equity Investment Analysis. 

Group Project 2 due 

Oct. 8

Review for midterm

Discuss Group Project 2

Oct. 13

Midterm Exam