Fundamentals
FUNDAMENTALS OF FINANCIAL VALUE
Here are a series of lecture notes and materials which we distribute to students before the lectures. Students can take notes on the lecture notes in class as the lectures progress. We have organized the notes by subject area rather than individual lectures because some classes progress more rapidly than others. They are usually presented in the following order:
- Valuation Factors
- Financial Statement Example
- Financial Statement Analysis
- Free Cash Flow
- Present Value & Terminal Value
- CAPM-WACC
- Market Method
- Valuation Methods
We present Valuation Factors first because it introduces the concept of valuation, justifies its study, and gives organization to the course. The eight IRS valuation factors are suggestive of financial statement analysis and industry analysis, and the income, market, and asset methods of valuation. Cases and readings are interspersed to expand on the lectures. Valuation Methods summarize the class in some detail.
See the 4274Fundamentals-Syllabus used in the one-quarter five credit course at SPU.
Fundamentals: Lecture Notes (All Excel Files)
- ValuationFactors (A brief introduction to Valuation Methods)
- ValuationMethods
- FinancialStatementExample
- Financial-Statement-Analysis
- FreeCashFlow
- PV and TV
- WACC-CAPM-APV
- Market Method – basic
Fundamentals: Course Materials
- CostofCapital
- NPVdoingitbetter
- Valuation Basics (Study Guide)
- ValuationExecSummary
