FNCE 415 - Financial Modeling and Statement Analysis

2023-2024 Catalog Year

Credit(s): 3
Lecture: 3
Non-Lecture: 0

A modeling-intensive study of financial statements and their role in equity valuation. Topics include the creation of evidence supported models of revenues and costs, structuring models for review and communication, managing and documenting external data, auditing spreadsheets, resolving non-articulation, sensitivity analysis and Monte Carlo simulation and applied account analysis. The course examines mathematical derivations of valuation formulas such as the Gordon growth model, Residual Income and Free Cash Flow models, and the nature of theoretically justified market multiples. This course may be taken in lieu of FNCE 414 for Finance majors, as a FNCE elective if FNCE 414 is used as a basic requirement, or as the cross-listed ACCT 415 to satisfy the elective requirement for the Accounting major.

Prerequisite(s): FNCE 311
Class Restriction: Junior, Senior