FINANCIAL ANALYSIS

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  • Next session: on demand
  • Teachers: Peter MACKAY – See his bio
  • Language: English
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PRESENTATION

Financial analysis is about analyzing the past in order to understand the present and foresee the future of a company.

It’s aimed at answering two fundamental questions: one, will the firm be able to meet its financial obligations? – the lenders’ question. And two, will it create value over time? – the equity holders’ question.

To drive this learning outcome we have built this 4 week course which follows the case study of a real company, Gremlin. It is a fascinating tale of a company that disappeared without ever losing money. How’s that possible? Well… Take the course!

Participants will also be asked to produce their own analysis of a real company, immediately putting into practice what they will have learned from Professor Mackay.

 Throughout the course participants are encouraged to exchange and compare notes through the forum and once a week, to connect with Peter and their peers in a live online session to get their questions answered.

SYLLABUS

A “practice financial analysis” case study corrected by the peers in the end of the Week 6 Receive an attestation of success to the Financial Analysis MOOC delivered by FIRST FINANCE.

PROGRAM:

> What is financial analysis?
> Why perform financial analysis?
> How to perform a financial analysis?
> Margin analysis: Concept
> Margin analysis: Value added
> State of depreciation of fixed assets
> Investment policy: state of depreciation of fixed assets vs. Capex
> Working capital requirements: Concepts
> Working capital requirements: Characteristics
> Working capital requirements: Calculations
> In a dynamic approach
> In a static approach
> Economic profitability: Concept
> Economic profitability: Measure
> Return on equity: Concept, Measure, Limitations
> Leverage: Concept, Measure, Limitations
> Conclusion: Will the company be able to cover its debts?
> Conclusion: Does the company create value for its Premium Options shareholders?
> Performing financial analysis
> Case Study
> Attestation of success

PETER MACKAY

PROFESSOR AT HKUST

Prof Mackay has taught finance for over 20 years in America, Asia, and Europe.

He is currently with HKUST, the top-ranked business school in the Asia-Pacific.

His areas of expertise include corporate finance, risk management, and corporate governance.

Professor Mackay has been published in the Journal of Finance, the Review of Financial Studies, the Journal of Financial and Quantitative Analysis, and the Journal of Banking and Finance, among others.

MOOC & ATTESTATION

> 4 to 6 videos (about 10 min each)
> Assesment/quiz week
> A case study approach
> 2 live video sessions of 45 min conducted by Peter Mackay
> A forum to interact with Peter Mackay and other participants

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FOR MORE INFORMATION, PLEASE CONTACT :

Hong Kong: Fabrice Demichel, fabrice.demichel@fbmx.net                                      

New York: Adam Ring, adam.ring@first-finance.fr 

Paris: Mathilde BLACHE, sales@first-finance.fr

To enroll on the next cohort of Financial Analysis, please fill the application form hereafter. We will come back to you in due course.

 

* : mandatory