This is an extract of our Ac330 Stream Ii Syllabus document, which we sell as part of our Financial Accounting, Analysis and Valuation Notes collection written by the top tier of LSE students.
The following is a more accessble plain text extract of the PDF sample above, taken from our Financial Accounting, Analysis and Valuation Notes. Due to the challenges of extracting text from PDFs, it will have odd formatting:
AC330 STREAM II SYLLABUS INTRODUCTION TO FINANCIAL ANALYSIS AND VALUATION
Market efficiency a. Proof of market efficiency b. Proof of market inefficiency c. Anglo-Saxon vs. continental countries d. The "Lemons" problem d.i. Market failure d.ii. Inefficient allocation of resources d.iii. Information intermediaries d.iv. IPOs and signalling Managerial incentives a. Accounting standards Reporting strategy a. Cash accounting a.i. Disadvantages b. Accrual accounting b.i. Managerial discretion c. Quality of accounting information Investment styles a. Intuitive investing b. Passive investing c. Fundamental analysis
BUSINESS STRATEGY ANALYSIS
5. Why is business strategy analysis important?
Key profit drivers Industry analysis a. What determines industry profitability?
a.i. Porter's five forces a.i.1. Rivalry among existing firms a.i.1.a. Perfect competition a.i.1.b. Monopoly a.i.1.c. Oligopoly a.i.1.d. Intensity of competition a.i.2. Threat of new entrants a.i.2.a. Abnormal profits a.i.2.b. Barriers to entry a.i.3. Threat of substitute products a.i.3.a. Switching costs a.i.3.b. Propensity to substitute a.i.3.c. Product differentiation a.i.4. Bargaining power of buyers a.i.4.a. How do buyers compete?
a.i.4.b. Relative buying power a.i.5. Bargaining power of suppliers a.i.5.a. Power of suppliers a.i.5.b. How do suppliers exert power?
b. Limitations Competitive strategy analysis c. Cost leadership d. Differentiation e. Sustainability Corporate strategy analysis f. Transaction cost economics g. Multi-business strategy h. Synergies
IMPLEMENTING ACCOUNTING ANALYSIS
Purpose a. Account discretion Recasting financial statements
Buy the full version of these notes or essay plans and more in our Financial Accounting, Analysis and Valuation Notes.