The course will consist of four modules. The first module (financial analysis) will present a comprehensive framework for ratio analysis where a firm's operations are separated from its financing to better understand the true drivers of profitability and risk. The second module (industry and strategic analysis) will illustrate why it is important to understand industry structure and a company's strategic choices. The third module (accounting analysis) will provide a framework to understand and evaluate a firm's accounting and disclosure choices and provide techniques to adjust financial statements to ensure better comparability. The fourth module (prospective analysis) will discuss techniques for integrated forecasting and will apply the insights from the earlier modules to generate forecasts for a firm. These forecasts will then be used to value a firm.