課程資訊
課程名稱
 財務報表分析與企業評價
Financial Statement Analysis and Firm Valuation 
開課學期
 106-2 
授課對象
 管理學院  管理學院企業管理碩士專班(GMBA)  
授課教師
 許文馨 
課號
 GMBA7115 
課程識別碼
 749EM0350 
班次
  
學分
 3.0 
全/半年
 半年 
必/選修
 選修 
上課時間
 星期二A,B,C(18:25~21:05) 
上課地點
 管一405 
備註
 本課程以英語授課。先修：財務報表分析或財務管理
限學士班三年級以上 且 限管理學院學生(含輔系、雙修生)
總人數上限：50人 
Ceiba 課程網頁
 http://ceiba.ntu.edu.tw/1062GMBA7115_ 
課程簡介影片
 
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課程概述

Course Introduction:

The course will cover financial statements mainly from an investor’s perspective. It is expected that students can learn the information in financial statements and technical tools for analyzing and valuing companies and communication of your analysis. This course is designed to take the students beyond the routine filling of boxes with standard financial ratios. The primary focus of the course is not on the accounting rules, but the use of accounting information. We will use firms’ publicly available financial statements to assess current performance, forecast future performance and estimate fundamentals of the firm.
 

課程目標
 Course Objective:

The primary learning objective/outcome of this course is to provide students with an in-depth exposure to various financial statements used in business activities -- specifically to evaluate how statements and their construction vary from firm to firm within various legal and institutional requirements. Additionally, a perspective of the following will be explored:
• Be able to assess the business environment of the firm and its industry
• Be able to assess the financial condition of a firm.
• Be able to make a forecast of future financial statements.
• Be able to apply income-based and cash flow-based valuation models
• Be able to read analyst report and how companies communicate with their investors (e.g., conference call).
• Be able to perform a complete analysis of a company and present clearly a business and financial summary to a group.
• Be able to prepare the analyst report.
 
課程要求
  Class participation and discussion
We expect active class participation. Please email the lecturer in advance if you will miss a class session. Class participation credit is awarded for the quality and frequency of your contribution to the class discussion.
All students are expected to obey the following classroom rules:
1. Respect others and their property.
2. Come prepared to class.
3. Do not use "Laptop" and "Cell phone" in class.
 Problem set Assignments
You are required to turn in the assignment to TA in the beginning of each class. You can discuss the homework assignments with your classmates, but you are expected to solve the problems and write-up the solutions on an individual basis. These problem sets will be graded on satisfactory/unsatisfactory basis.
 Group Case Assignments
Students in the class will form groups and each group will need to prepare the presentation for the case.

 Final Exam
Final exam will consist of numerical problems. The exam will be closed book.
 Final Group Project
Each group needs to finish an analysis report for one company, including business strategy, ratio analysis, forecasting, and valuation analysis.

 
預期每週課後學習時數
  
Office Hours
  
指定閱讀
 待補 
參考書目
 待補 
評量方式
(僅供參考)
    
課程進度
週次
日期
單元主題
第1週
 02/27  Course overview (Select group members) 
第2週
 03/06  Framework for analysis and valuation (&1) 
第3週
 03/13  Review of Business activities and financial statements (&2) 
第4週
 03/20  Profitability analysis (&3) 
第5週
 03/27  Credit risk analysis (&4) 
第6週
 4/3  Holiday 
第7週
 4/10  Intercorporate investments (&9) 
第8週
 4/17  Forecasting financial statements (&11) 
第9週
 4/24  Forecasting financial statements (&11) 
第10週
 5/1  Operating income based valuation models (&14) 
第11週
 5/8  Cash-Flow-Based Valuation (&13)
 
第12週
 5/15  Operating Income Based Valuation (&14) 
第13週
 5/22  Cost of capital (&12) 
第14週
 5/29  Final Exam
 
第16週
 6/12  Presentations: final project 
第17週
 6/19  Presentations: final project 
第18週
 6/26  Final project due