Emphasis in Valuation & Advisory Services

Students who pursue the emphasis will need to complete 7 credits beyond Valuation and Fair Value Accounting, offered in the fall semester.

Valuation and Fair Value Accounting

2 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:

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:

  1. Consideration of the tax implications for all parties to the transaction
  2. Consideration of both explicit and implicit taxes, such as lower before-tax rates of return on tax-favored investments
  3. 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).

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 & 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 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.

MBA electives can also be taken with Department Chair approval.