| Subject name |
Finance/Accounting Theory |
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| Lectures target |
1st,2nd,3rd |
Class |
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| lecture room |
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Course time |
the latter term |
| day・period |
OUT |
Unit classification |
select |
| Lecture form |
general lecture |
Unit Count |
2 |
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| Notes |
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| Details1 |
Finance/Accounting Theory Gisuke Murase
The extreme purpose of management is specially for promoting the firm value. The firm value is evaluated by expecting the future cash flow and the enterprise risk, then applying the valuation model. It is very important to analyze and find the value driver for the business through the financial statements analysis. The process of evaluating the firm value is important and meaningful process for finding the elements and the drivers to promote the firm value. The degree of precision of the valuation is depending upon the precise of the financial statement analysis.
In our class, we will study the basic concepts of finance, also study how to use the financial statements for evaluating the firm value.
Syllabus
1. Evaluating the firm value and the financial statement analysis
2. Principles of NPV method
3. Time value of money
4. Capital cost, measurement of risk
5. Valuation models, DCF model and residual earning model
6. Financial statement analysis
7. The ｆeature of accrual accounting information
8. The feature of the evaluating process for the firm value
Text: handouts and using power point
Reference book:
Kigyoukachi-hyouka, Kunio Ito , 2007
Introduction to Business Analysis & Valuation, Krishna G. Palepu, Victor L. Bernard, and Paul M. Healy, 2004.
Financial Statement Analysis and Security Valuation, Stephen H. Penman, McGraw-Hill, 2003.
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