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課程名稱 |
策略性財務分析
Strategic Financial Analysis |
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開課學期 |
109-1 |
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授課對象 |
管理學院 會計學系 |
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授課教師 |
王泰昌 |
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課號 |
Acc5046 |
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課程識別碼 |
722 U4460 |
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班次 |
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學分 |
3.0 |
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全/半年 |
半年 |
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必/選修 |
選修 |
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上課時間 |
星期三7,8,9(14:20~17:20) |
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上課地點 |
管二201 |
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備註 |
先修科目:會計學原理或會計學甲。
與林一帆合授
總人數上限：50人 |
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Ceiba 課程網頁 |
http://ceiba.ntu.edu.tw/1091Acc5046_ |
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課程簡介影片 |
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核心能力關聯 |
核心能力與課程規劃關聯圖 |
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課程大綱
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為確保您我的權利,請尊重智慧財產權及不得非法影印
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課程概述 |
策略性財務分析 |
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課程目標 |
Every asset (liability) has a value. We just have to find it. The objective of this course is to teach students how to use accounting (financial) information in valuation and, particularly, how to obtain fair value estimates for financial reporting purposes.
This course aims to provide students with the knowledge they need to obtain estimates of the fair value either of single financial (possibly nonfinancial) assets and whole firms using intrinsic and relative valuation approaches. Contingent valuation will also be covered in this course. The course covers the mechanics of the accounting process; the foundation for financial reporting; the differences and similarities in income statements, balance sheets, and cash flow statements around the world; examines the implications for securities valuation of any financial statement element or transaction, and shows how different financial statement analysis techniques can provide valuable clues into a company's operations and risk characteristics. In a nutshell, the course starts from business and accounting analysis, followed by financial analysis, and concludes with the discussion of theories of valuation.
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課程要求 |
Group Work (50%): Students should work in groups of four (minimum) to Six (maximum). Each group will be required to work on a group project.
Valuation Project
Due in two parts
– Part 1: DCF Valuation due on May 30 at 5 pm
– Part 2: Entire project due on June 12 at 5 p.m.
Final Exam (50%): This will also be an open-book and open-notes cumulative exam worth 50% in the final exam week
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預期每週課後學習時數 |
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Office Hours |
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指定閱讀 |
1. Business Analysis & Valuation Ifrs Edition 2013 by Paul M.; Palepu, Krishna G.; Peek, Erik Healy, Cengage Learning. 華泰
Business Analysis and Valuation Using Financial Statements: Text and Cases is a textbook by Krishna Palepu and Paul Healy, which is widely used in worldwide MBA programs and finance courses. It is in its 5th edition, and also has an IFRS edition. The fifth edition was released August 2012.
The book won the Notable Contribution to the Accounting Literature Award for impact on academic research. It also won the American Accounting Association’s Wildman Award for its impact on management practice. It has been translated into Chinese, Japanese, and Spanish. The book is sold with a business analysis and valuation software model published by the Harvard Business School Publishing Company.
Authors
Krishna Palepu is the Ross Graham Walker of Business Administration and Senior Associate Dean at Harvard Business School.[8] He also serves as Senior Adviser to the President of Harvard University for Global Strategy.
Paul Healy is the James R. Williston Professor of Business Administration and Senior Associate Dean for Research at Harvard Business School.
2. International Financial Statement Analysis by Thomas R. Robinson, Elaine Henry, Wendy L. Pirie, Michael A. Broihahn, Foreword by Anthony T. Cope, 3rd Edition, Wiley. 2015.
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參考書目 |
1. Financial Statement Analysis by K. R. Subramanyam, 11th edition. McGraw-Hill, 2014.華泰
2. Financial Statement Analysis and Security Analysis by S. H. Penman, 5th edition. McGraw-Hill, 2013.華泰
3. Equity Valuation and Analysis with eVal by R. Lundholm and R. Sloan, 3rd edition. McGraw-Hill, 2013.華泰
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評量方式
(僅供參考) |
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No. |
項目 |
百分比 |
說明 |
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1. |
課堂參與程度 |
30% |
每次發言給予1點
擔任課堂值日生給予3點
學期開始徵求自願擔任值日生同學，每堂課均登記發言次數，於學期末予以彙總，並予以排序。依序從95倒60間平均給予得分 |
2. |
學期個案報告 |
50% |
按選修學生人數分為偶數組別，每兩組指定相同公司和評價題目，由老師評分和學生評分，以7:3 方式選出較優組別，較優組別得到90分，次優組別得到80分，各組內同學均為相同得分 |
3. |
期末測驗 |
20% |
採用筆試方式進行 |
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週次 |
日期 |
單元主題 |
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第1週 |
9/16 |
經營決策和財務績效連結 |
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第2週 |
9/23 |
製造業策略性財務分析 |
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第3週 |
9/30 |
TEJ資料庫運用與評價經驗分享 |
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第4週 |
10/07 |
服務業策略性財務分析 |
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第5週 |
10/14 |
服務業策略性財務分析 |
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第6週 |
10/21 |
服務業策略性財務分析 |
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第7週 |
10/28 |
服務業策略性財務分析 |
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第8週 |
11/04 |
企業評價實務經驗分享 |
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第9週 |
11/11 |
綜合分析 |
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第10週 |
11/18 |
評價實務 |
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第11週 |
11/25 |
評價實務 |
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第12週 |
12/02 |
評價實務 |
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第13週 |
12/09 |
評價實務 |
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第14週 |
12/16 |
評價實務 |
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第15週 |
12/23 |
評價理論 |
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第16週 |
12/30 |
評價策略分析 |
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第17週 |
01/06 |
分組報告 |
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第18週 |
01/13 |
期末測驗 |
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