FINANCIAL STATEMENT ANALYSIS AND SECURITY VALUATION Stephen H. Penman 第5英文版 章节重点 来源：FINANCIAL STATEMENT ANALYSIS AND SECURITY VALUATION　作者：Stephen H. Penman　时间：2015-03-09

Department of Finance

Course Syllabus

Asset Valuation (FIN 362), (3 + 0)

Second Semester, 1434/1435, AH.

Faculty Details:       Dr. Durga Prasad Samontaray

{Ph.D, FDPM (IIMA), MBA, PGDIB}

Associate Professor, Department of Finance,

College of Business Administration, King Saud University

Contact E-mail:                  dsamontaray@ksu.edu.sa or drdpsray@gmail.com

Course commencing from:                       26^th Jan. 2014 (onwards)

Course Detail with office hours:

Objective of the Course:

The main purpose of the course is to make the financial statement analysis and based on that compute the present value of future cash flows of the different financial assets like Equities, Preferred, and Bonds. For doing so the forecasting of future cash flows is done and the present value is computed to estimate the valuation of the said asset.

As the objective of the course is to make financial statement analysis, forecasting the future cash flows, and making the valuation of financial assets, it is mandatory for the students to use the software like MS Excel for the financial modeling purpose.

Expectation from each of you:

·               This class involves a lot of work, so be there attentively in the class for the whole semester, even one absent may create a lot of problem, for the better understanding of the rest of the course, and keep your mobile phone in switch off mode.

·               Submit the assignments and other stuffs within the due date. No late submission is allowed unless otherwise there is sufficient ground. In that regard instructor’s decision will be the final.

·               Plagiarism of any form will be dealt very seriously if found.

·               Normally no makeup is allowed for any component unless otherwise there is sufficient ground. In that regard instructor’s decision will be the final.

·               You can come to my chamber at the time allotted for your section only as I will be busy in other times, you can always take appointment over phone or email.

·               After you get your marks, come and discus your concerns with the instructor. Do not compare your mark with other students in your section or other sections or with any other faculty member.

·               If there will be no class on the schedule day. I will inform to the course representative or to the academic office well in advance for your information.

Detail Plan of Sessions

Course requirements / Evaluation plan                                              

1^st Mid-term examination    (17^th March, 2014)                            = 20 marks

2^nd Mid-term examination   (5^th May, 2014)                                  = 20 marks

QUIZ                                       (11^th week)                                          =   5 marks

Project/Assignment             (Continuous Evaluation)                = 10 marks

Class participation / Attendance   (Continuous Evaluation)    =   5 marks

Final Examination           (As per university Schedule)             = 40 marks

Grand total                                                                                       = 100 marks

Mid-term examinations                                                                

The date of tests will be announced to the students well in advance in the 1^st week of the course so change of date is not possible, the coverage will be up to the declaration date. It is expected that the students will prepare for the test and maintain a healthy discipline at the time of test. If anyone found of doing anything against the examination ethical codes he will be debarred from the examination and will be awarded zero in that component. No make-up provision is there for the test unless otherwise it is very urgent.

Project/Assignment:

The project/Assignment is a group assignment and the details will be provided to you in the 3^rd week of the course.

Course Representative-

There is a provision of electing the course representative. The class representative is selected on the basis of one’s will or through other students’ choice or both. They are only the communicator between the students and me. Any change in the outline or class schedule or in any components will be informed to the course representatives in advance. They will open a group mail id for the whole class in which every students must have to register.

Text Books

• Analysis of Investments and management of Portfolios, Brown,K.C., and Reilly,F.K., South Western Cengage Learning, 9^th Edition, ISBN–9780324658422.

Materials and sites to be referred

• Financial Management, Theory and Practice, Brigham, E.F., and Ehrhardt,M.C., South Western Cengage Learning, 13^th Edition, ISBN – 13:9781439078099.
• Financial statement analysis and security valuation, Stephen H Penman, the McGraw-Hill Company, 3^rd Edition, ISBN-9780070668195.
• Corporate finance by Aswath Damodaran. (Collect e-Book from me).
• Financial Reporting & Analysis (Eight Edition), by Charles H.Gibson.
• Business Analysis & Valuation (2^nd Ed.), by Palepu, Healy & Bernard.
• Advanced Financial Statements Analysis by David Harper.

http://www.investopedia.com/university/financialstatements/

• Building Financial Models: A Guide to Creating & Interpreting Financial Statements, by John S.Tjia, McGraw Hill Publication.
• ESSENTIALS of Financial Analysis, by George T. Friedlob, Lydia L.F. chleifer, John Wiley & Sons, Inc.
• FINANCIAL ANALYSIS: TOOLS AND TECHNIQUES, A Guide for Managers, by ERICH A. HELFERT, McGraw-Hill.
• WEBSITE REFERENCES GIVEN IN THE TEXT BOOKS.
• www.damodaran.com
• www.search.epnet.com
• http://www.tadawul.com.sa
• http://www.tadawulfx.com/public/
• http://www.mof.gov.sa/en/default.asp

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