FINC308-23S2 (C) Semester Two 2023

Applied Financial Analysis and Valuation

15 points

Start Date: Monday, 17 July 2023
End Date: Sunday, 12 November 2023
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Sunday, 30 July 2023
  • Without academic penalty (including no fee refund): Sunday, 1 October 2023


The use and application of accounting information to financial problems.

Learning Outcomes

In terms of specific learning objectives, students, by the end of the course, will be able to:

1. Recast company financial reports (income statement, balance sheet etc.)  in a standard form so that the reports of different companies can be directly compared with each other or the reports of one company can be compared over time.
2. Reconstitute the financial reports of companies to reverse the effects of (perhaps misleading) company accounting policy decisions.
3. Forecast company funding needs from pro-forma balance sheets and income statements via the Additional Funds Needed model.
4. Value the equity of a company using a present value method that takes information directly from the company’s financial reports.
5. Employ the Black-Scholes option pricing model to value a range of investment projects of various types (projects where the choices to delay, extend or, even in the future, abandon all have a calculable value).
6. Perform a diagnosis as to whether a company is entering (or is in) a state of financial distress, employing several different techniques (Altman’s Z-score, Argenti’s balanced scorecard, the Black-Scholes option pricing model applied to real options).
7. Perform an analysis of a firm’s equity employing the Bloomberg database and its related tools.

University Graduate Attributes

This course will provide students with an opportunity to develop the Graduate Attributes specified below:

Critically competent in a core academic discipline of their award

Students know and can critically evaluate and, where applicable, apply this knowledge to topics/issues within their majoring subject.

Employable, innovative and enterprising

Students will develop key skills and attributes sought by employers that can be used in a range of applications.



Timetable 2023

Students must attend one activity from each section.

Lecture A
Activity Day Time Location Weeks
01 Tuesday 11:00 - 13:00 Jack Erskine 031 Lecture Theatre
17 Jul - 30 Jul
11 Sep - 22 Oct
Lecture B
Activity Day Time Location Weeks
01 Tuesday 11:00 - 13:00 Online Delivery
31 Jul - 27 Aug
Drop in Class A
Activity Day Time Location Weeks
01 Monday 10:00 - 13:00 Meremere 101A Trading Room
24 Jul - 27 Aug
11 Sep - 22 Oct
Tutorial A
Activity Day Time Location Weeks
01 Thursday 13:00 - 14:00 Rehua 102
17 Jul - 27 Aug
11 Sep - 22 Oct

Examination and Formal Tests

Test A
Activity Day Time Location Weeks
01 Wednesday 18:30 - 20:30 E8 Lecture Theatre
21 Aug - 27 Aug

Course Coordinator

Sanghyun Hong


Warwick Anderson


Assessment Due Date Percentage 
Final Exam 40%
Assignment 11 Aug 2023 10%
Term test 22 Aug 2023 25%
BMC Certification 20 Oct 2023 5%
Equity Valuation 20 Oct 2023 20%

Indicative Fees

Domestic fee $868.00

International fee $4,075.00

* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.

For further information see Department of Economics and Finance .

All FINC308 Occurrences

  • FINC308-23S2 (C) Semester Two 2023