Objectifs

Overall objective:

The objective of the course “Financing Analysis” is to bring a thorough understanding of the key issues revolving around a company, its environment and stakeholders through the eyes of a financial analyst.

Going through several business cases, the course will bring to students several tools and techniques to evaluate a company and its business environment in order to reach a potential investment decision.

The content of the course is principally based on relevant sections of the CFA® curriculum and on the lecturer’s professional experience as analyst, investor, and client.

Contenus

Weeks 1-4: top-down view

• Applicable laws and professional standards
• Economic analysis
• Market analysis
• Industry analysis

Weeks 5-8: bottom-up approach

• Financial statements and information outside of f/s
• Analytical tools and techniques for financial analysis
• Strategic financial modeling and forecasting
• Quality of earnings and financial statements

Weeks 9-11: company analysis

• Analysis of industrial companies
• Analysis of insurances and pension funds
• Analysis of banks and financial companies

Weeks 12-14: cross-sectional

• Sustainable analysis – ESG, SRI and Governance
• Technical analysis and investment timing
• Behavioral analysis and investment biases

Références

Slides content, potential assigned readings and preparation material will contain 100% of the preparation material needed for case studies assigned through the semester and for final case study (standard and retake)

Pré-requis

Financial accounting

Evaluation

1ère tentative

Examen:

Sans examen (cf. modalités)  

Evaluation:

SUMMER 2020, due to coronavirus

100% graded case studies assigned through the semester + one final case study

Rattrapage

Examen:

Sans examen (cf. modalités)  

Evaluation:

100% graded case studies assigned through the semester + one final retake case study