fbe421 final outline

fbe421 final outline - FBE 421 Final Exam Topic...

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FBE 421 Final Exam Topic Outline *Preliminary* I. General Framework. A. Learning Goals. 1. Conceptual focus. Learn to think and analyz. 2. Technical focus. Learn to compute. 3. Practical focus. Learn about people, places, things. B. Framework. 3 questions of corporate finance. 1. The investment question. 2. The financing question. 3. The dividend question. II. Fundamental drivers of value. A. Porter Five Forces model. 1. Rivalry among competing firms 2. The availability of substitute products 3. Barriers to entry from new competition 4. Bargaining power of suppliers 5. The bargaining power of buyers B. Valuation context. 1. Time. 2. Place. 3. Person. 4. Laws. 5. Culture. 6. Market. 7. Taxes. 8. Transaction costs. 9. Demographics. 10. Management. 11. Market. III. Some Basic Skills & Knowledge. A. Pro forma analysis. 1. Income statement. 2. Balance Sheet. 3. Capitalization table. B. SEC filings and documents. 1. 10-K. a. Income statement. b. Balance Sheet. c. Cash flow statement. d. Footnotes.
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e. Sarbannes Oxley requirements. f. Auditor’s opinion. 2. 10-Q. 3. Proxy statement. 4. Red herring/S-1/prospectus. 5. 13-D filing. 6. 14D filing. C. Other documents. 1. Wall Street equity research. 2. Credit rating agency research. IV. Valuing Capital Projects. A. NPV. B. IRR. C. Payback period. D. Case: Tokyo Disneyland. 1. Creating a consistent customer experience. 2. Creating a fresh customer experience. 3. Demographics. V. Valuing IPOs. A. Theory. 1. How to select an investment banker. 2.
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This note was uploaded on 01/16/2010 for the course FBE 421 at USC.

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fbe421 final outline - FBE 421 Final Exam Topic...

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