The course covers advanced financial analysis and valuation for global firms. It is designed for students that already have a basic familiarity with corporate valuation and DCF analysis (e.g., from corporate finance class or a prior job) as well as solid accounting knowledge. We cover financial analysis of different business models, specific situations (e.g., cyclicals, young growth companies, closely-held firms) as well as the analysis and valuation of foreign companies (e.g., emerging markets, reporting under IFRS). Capital markets have become increasingly global, providing more opportunities for corporate investments and M&A abroad. Evaluating these global investments, however, poses unique challenges for financial analysis (e.g., regarding information, accounting and governance) as well as valuation problems.
This course is likely useful for students who aim for careers in consulting, investment banking, investment management, equity or credit analysis, transaction services, private equity and venture capital, as well as accounting and corporate finance, including M&A functions. It is a capstone class, drawing on several other classes at Booth.