Valuation & Advisory Services Emphasis

Students who pursue this emphasis must take 9 credits from qualifying courses.

Required Course
BUAD 5049 - Valuation & Fair Value Accounting

3 Credits


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

Additional Credits
BUAD 6149 - 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 the cost credit requirement.

BUAD 6159 - Taxation and Business Strategy

3 Credits


This economics-based course provides a conceptual framework for understanding tax issues in the context of business decisions and business strategy. Students learn about the role of taxes throughout the firm’s life cycle: choice of organizational form, employee compensation, investment opportunities, capital structure and dividend policy, financial innovations, international operations, and business combinations. The key conceptual components include: (a) consideration of the tax implications for all parties to the transaction; (b) consideration of both explicit and implicit taxes, such as lower before-tax rates of return on tax-favored investments; and (c) consideration of both tax and non-tax costs. Ultimately, the course provides a useful framework for thinking about taxes in all tax regimes (i.e., across countries and over time).

BUAD 6229 - 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.

BUAD 6249 - Data Analysis & Simulation for 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 formulation, sensitivity analysis, and model construction. Tools such as MS Excel, Solver, Crystal Ball, and @Risk will be used to solve accounting-related business problems.

Other electives may be taken and counted toward the Valuation & Advisory Services Emphasis with the approval of the Chair of the Accounting Department.