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Accounting and Analysis in Practice

MULT-UB.0152.01 [C70.0152.01]

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Bio Overview Design Help Prerequisites Materials Grading Schedule

Overview

This course counts towards the accounting major at Stern.

 

The course explains how financial accounting systems work, how financial statements are prepared, and how they are analyzed and interpreted to evaluate corporate performance for credit risk assessment, valuation, and management compensation. The course leverages our NYC location to invite practitioners to provide a real world perspective. Speakers include finance executives, hedge fund analysts, equity research analysts, investment bankers, and auditors. Many Stern students are involved in some aspects of finance after they graduate. Therefore, having a good understanding of the practical aspects of financial reporting and analysis is crucial to finding a job and having a successful career. These practical aspects cannot be communicated in a traditional classroom setting; their understanding requires presentations by and in-depth discussions with industry professionals. Our New York City location gives us an unparalleled access to such professionals. The course offers a unique opportunity to interact with them.

Design

This course is designed to provide practical insights into the following aspects of financial reporting and analysis:

Prerequisites

Help and Office

Materials

Grading

Students will be evaluated as follows:

Schedule

Class Topic
1
  • Course introduction; readings and cases on financial reporting, credit risk assessment and valuation
2
  • An in-depth look at the financial reporting process
3
  • How do equity research analysts use financial reports and talk to the CFOs
4
  • How lenders use financial reports and make credit decisions
5
  • How do equity investors use financial reports
6
  • What do CFOs do; what challenges do they face in communicating their financial performance to outsiders
7
  • What do audit partners do; what challenges do they face in attesting financial reports
8
  • What do controllers do; how do they ensure the integrity of financial records and financial reporting
9
  • What do tax partners do; how does tax accounting differ from financial reporting
10
  • Performance measurement
11
  • Financial reporting systems
12
  • How do investment bankers use financial reports

13
  • Forensic accounting and quality of earnings analysis
14
  • Bringing together the lessons learned