Title: Corporate Risk Assessment
DISCLAIMER: SUBJECT TO CHANGE!
The main reason I select “Corporate Risk Assessment” as 201 (not valuation, etc…) because the most fundamental in stock investing is PICK A GREAT COMPANY. Valuation and forecasting come later.
Objective: This course brings together the key elements of financial statement analysis to help participants develop their skills and enable them to ask the right questions to assess corporate risks
- This course assumes a sound grasp of fundamental finance concepts and analysis (e.g., although the analysis will be structured around key aspects such as liquidity and gearing, we assume participants are familiar with these principles, so we may focus on analysis and interpretation, rather than definition and calculation).
- Contents in this course will focus on corporate risks assessment from investor (NOT accountant) perspective.
- We will touch growth drivers of corporate a bit, but this is not our focus in this course. The focus will be on RISKS.
- Overview of Corporate Risk Assessment.
- Framework of Corporate Risk Assessment
- Key elements of financial reports that should be considered when beginning your financial statement analysis.
- The interpretation of financial and other relevant ratios
- Working Capital and Cash Flow Analysis
- Advanced financial items in financial statements – Discussion of how these items are accounted for and presented, and their impact on financial statement analysis.
- Revenue recognition principles
- The impact of business combinations and disposals
- Treatments of goodwill and intangible assets
- Equity method accounting for investments in associates and joint arrangements
- Understanding and making use of financial instruments disclosures
- Lease accounting
- Long-term employee benefit obligations
- Share based payments
- Deferred taxes
- Treatment of complex debt and equity issuances
- Creative accounting issues
I will have to fine tune the syllabus because I only have 7 hours (not including lunch and biological break) to deliver the content.