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Business & Entrepreneurship

Evaluation of Financial Information

When:

23 June - 25 July 2025

School:

CBS Summer University

Institution:

Copenhagen Business School

City:

Copenhagen

Country:

Denmark

Language:

English

Credits:

7.5 EC

Fee:

820 EUR

Interested?
Evaluation of Financial Information

About

This course covers the use of financial information to value firms, projects, and securities in a variety of industries under different economic conditions. The course
will be largely based on case studies and will focus on learning techniques of financial analysis, selecting an appropriate valuation model, analyzing the quality of financial data, and forecasting financial variables and cash flows. The course assumes that you have a good working knowledge of introductory accounting, finance, and economics.

Preliminary assignment:
Read two papers: (1) Introduction to Financial Ratios and Financial Statement Analysis and (2) Assessing a Company's Future Financial Health.

Class 1: Review of financial statements and financial ratios: balance sheet, income statement, statement of cash flows, key ratios; Case: Santa Fe Trading Company;
Class 2: Pro-forma financial statements and evaluation of investment projects; Case: Hansson Private Label Inc.: Evaluating an Investment in Expansion
Class 3: DCF valuation framework and the cost of capital calculations; Case Eaton Corp.
Class 4: DCF and relative valuation; Case: SUN Brewing
Class 5: Evaluating financial information in the M&A scenario; Case: Sun Micro.
Feedback activity: Students will be asked to analyze financial information and estimate the value of a company (financial statements will be provided). The final exam will also be a case study.
Class 6: Analysis of financial statements in banking; Case: Silicon Valley Bank: Gone in 36 Hours
Class 7: Real estate industry (REITS) analysis; Case: Simon's Hostile Tender for Taubman
Class 8: Health care industry: leveraged buyout analysis; Case: HCA, Inc.
Class 9: How activist investors use accounting data to identify their targets; Case: Kerr-McGee
Class 10: Course review.

Course leader

Carsten Sørensen

Target group

This is a graduate level course. CBS Summer University courses at Copenhagen Business School is open to all and welcomes domestic and international students as well as professionals.

Fee info

Fee

820 EUR, EU/EEA/Swiss nationals

Fee

2000 EUR, Non-EU nationals

Interested?

When:

23 June - 25 July 2025

School:

CBS Summer University

Institution:

Copenhagen Business School

Language:

English

Credits:

7.5 EC

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