Studying at York
Business Analysis & Valuation - MAN00060H
- Department: The York Management School
- Module co-ordinator: Dr. Silvia Pazzi
- Credit value: 20 credits
- Credit level: H
- Academic year of delivery: 2024-25
- See module specification for other years: 2023-24
Related modules
Pre-requisite modules
Co-requisite modules
- None
Prohibited combinations
- None
Module will run
| Occurrence | Teaching period |
|---|---|
| A | Semester 1 2024-25 |
Module aims
The module aims to provide a comprehensive framework to analyse business’ performance and estimate companies’ value using accounting information. The module is based on the principles of Fundamental Analysis and emphases the role of business and accounting analysis to reach investment decisions. The module encourages a hands-one approach, and it is based on case studies and relevant academic literature in capital market research in accounting and fundamentals-based research. Students will be encouraged to use data from a range of sources including the databases available at the School for Business and Society (e.g., LSEG Data & Analytics, Compustat, CRSP, CSMAR etc.).
Module learning outcomes
By the end of the module, students should be able to:
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Apply a business analysis and valuation framework that includes strategy analysis, accounting analysis, financial statement analysis, prospective analysis, and valuation.
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Critically explain and analyse the quality of accounting information.
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Calculate, apply, and interpret appropriate financial ratios using financial statements and data from financial databases such as LSEG Data and Analytics, Compustat, CRSP, CSMAR etc.
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Apply forecasting techniques and results.
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Apply and interpret different valuation techniques.
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Demonstrate written communication skills in relation to the analysis of company financial statements from a valuation perspective.
Academic and graduate skills:
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Critical and reflective understanding of the accounting figures and narrative that drives business analysis and valuation.
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Assimilate and critique, sometimes paradoxical, theories of different theoretical schools.
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Analytical, numerical, leadership and problem-solving skills.
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Business strategy analysis and design skills.
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Ability to independently conduct research and analysis of financial issues through data collection, analysis, synthesis, and reporting.
Module content
Indicative module content is as follows:
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Overview of Business Analysis and Valuation: framework and techniques
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Industry Analysis and Strategy Analysis
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Accounting Analysis
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Financial Statement Analysis
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Earning quality and earnings management
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Prospective Analysis
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Valuation: theory and applications
Assessment
| Task | Length | % of module mark |
|---|---|---|
| Essay/coursework Essay : Business Analysis & Valuation |
N/A | 70 |
| Essay/coursework Presentation : Individual presentation (recorded) |
N/A | 30 |
Special assessment rules
None
Reassessment
| Task | Length | % of module mark |
|---|---|---|
| Essay/coursework Essay : Business Analysis & Valuation |
N/A | 70 |
| Essay/coursework Presentation : Individual presentation (recorded) |
N/A | 30 |
Module feedback
Feedback will be given in accordance with the University Policy on feedback in the Guide to Assessment as well as in line with the School policy.
Indicative reading
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Palepu, K. G., Healy, P. M., & Peek, E. (2022). Business Analysis and Valuation (6th ed.). Cengage.
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Penman, Stephen H., Financial Statement Analysis and Security Valuation, 6th Ed, McGrawHill, (2022).
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Pinto J. E. (2020), Equity Asset Valuation (4th ed.), CFA Institute Investment Series, Wiley
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Robinson T. R. (2020), International Financial Statement Analysis (4th ed.), CFA Institute Investment Series, Wiley