Emphasis in Valuation & Advisory Services

Students who pursue the emphasis will need to complete 6 credits beyond Valuation and Financial Statement Modeling, offered in the fall semester.

Valuation and Financial Statement Modeling

3 credits

Reviews theories of equity valuation and applies these theories by building valuation models using financial statements.

Other courses for the emphasis are offered in the spring semester. These include:

Forensic Accounting

3 credits

This course is an introduction to forensic accounting. Forensic accounting encompasses those services an accountant provides to assist a court or a client in settling a legal dispute and includes the following specialized knowledge and skills:

  1. Accounting, auditing, economics, finance, business law, quantitative methods, statistics, tax
  2. Investigate skills to collect, analyze, and evaluate evidential matter
  3. Written and oral communication skills

The content of this course will include:

  1. Fraud and fraud investigation services
  2. Commercial and individual litigations and litigation consulting services
  3. Computer forensics
  4. Business valuation.

To illustrate concepts the class will discuss recent high profile cases (e.g., investment frauds such as Madoff, and financial statements frauds such as WorldCom, Enron, etc.). Guest speakers who possess specialized expertise will present on such topics as fraud investigation, interviewing and interrogation techniques, cybercrime and digital forensics analysis, and the legal environment.

Financial Statement Analysis

3 credits

This course introduces students to the elements of financial statement analysis and increases students' ability to extract and use information from financial reports. While financial statements are prepared in accordance with specific accounting rules and principles, most of the numbers in financial statements are based on a set of assumptions and choices made by management. In this class, students learn how to identify and adjust for the effects of accounting choices on the comparability of reported earnings and other accounting performance measures across countries, across firms, and over time. Students also learn how to evaluate circumstances where accounting rules can cause disruptions in trends making it difficult to forecast earnings and free cash flows. In addition, students learn techniques to identify earnings management, as well as assess whether the financial statements reflect the riskiness of the firm. Finally, because many large companies operate in a global environment, the class will examine problems created by differences in accounting standards across countries (e.g., U.S. Generally Accepted Accounting Principles versus International Financial Reporting Standards), as well as issues inherent in multinational companies such as how foreign currency affects financial statements.

Data Analysis, Modeling & Simulation Accounting

3 credits

This course is designed to introduce students to basic modeling, analysis and simulation techniques. Emphasis will be placed on problem identification and formation, sensitivity analysis, and model construction. Tools such as MS Excel, Solver, Crystal Ball, and @Risk will be used to solve accounting-related business problems.

Driving Organizational Performance

3 credits

This course will cover managerial accounting topics such as: customer lifetime value estimation, cost of service delays, cost of quality analyses time-driven Activity-Based-Costing, profit planning along the value chain, financial and operational forecasting, outsourcing, supplier choice and performance measurement, and analyses of profit drivers. This course replaces the Accounting for Business Strategies course, which met he cost credit requirement.

Mathematical Statistics | MATH 552

3 credits

The mathematical theory of statistical inference. Possible topics include:

  • Maximum likelihood
  • Least squares
  • Linear models
  • Methods for estimation
  • Hypothesis testing