Financial Management Honours

Programme Outline
DAY DATE PRESENTATION
Tuesday
19-Feb
Registration and welcome – Introduction to the course / Admin /Overview of Case Studies /
Introduction to Investing
MODULE 1: Financial Analysis
Course leaders: Prof. Carlos Correia and Prof. Mark Graham
CC
Tuesday 26-Feb Business Strategy Analysis, Accounting Analysis & Financial Analysis CC
Tuesday 04-Mar Value Creation - Case: 1 Warren Buffet - 1995 & 2005 CC
Tuesday 11-Mar Investment Analysis by Roddy Sparks - ex-CEO of Old Mutual CC
Tuesday 18-Mar Case: The Home Depot CC
Tuesday 25-Mar Case 7: The Body Shop International PLC2001: An Introduction to Financial Modelling CC
Tuesday 01-Apr Case: Harnischfeger (PH) CC
Tuesday 08-Apr Case 5: The Battle for Value: Federal Express vs. United Parcel Service- 2004 CC
Tuesday 15-Apr Financial Statement Analysis & International Financial Reporting Standards (IFRS) MG
Saturday 19-Apr Financial Statement Analysis & International Financial Reporting Standards (IFRS) MG
Tuesday 22-Apr Financial Statement Analysis & International Financial Reporting Standards (IFRS) MG
Saturday 26-Apr Financial Statement Analysis & International Financial Reporting Standards (IFRS) MG
MODULE 2: Capital Budgeting
Tuesday 29-Apr
Advanced Capital Budgeting [Brigham & Daves Ch11&12, Correia, Flynn, Wormald & Uliana Ch8,9
&10]
CC
Saturday 03-May
Lecture: Capital Budgeting - Risk Analysis & Monte Carlo Simulation [Case: Mozal Smelter - BHP
Billiton]
CC
Tuesday 06-May Case 22 Genzyme /Geltex Pharmaceuticals CC
Saturday 10-May Exam 1 (Modules 1 and 2)
MODULE 3: Capital Structure and Cost of Capital
Tuesday 13-May
Miller Modigliani and Introduction to Capital Structure
Case: Introduction to Debt Policy and Value
PC
Tuesday 20-May Case 31: Polaroid Corporation, 1996 PC
Saturday
24-May
Case 12: Best Practices in Estimating the Cost of Capital: Survey and Synthesis. Readings and research
on the Cost of Capital in South Africa.
Tuesday 27-May Case 14: Coke vs. Pepsi, 2001 PC
Tuesday 03-Jun Case 15: Teletech Corporation 2005 MW
MODULE 4: Valuations
Saturday 07-Jun Introduction to Valuations [Theory, Price multiples, Dividend growth and EVA] CC
Tuesday 10-Jun Free Cash Flow Valuation Techniques -1 CC
Thursday 12-Jun Free Cash Flow Valuation Techniques- 2 CC
Tuesday 17-Jun Case: Calaveras Vineyards (see webpage) CC
Tuesday 24-Jun Case 44: Palamon Partners/ Teamsystem S.P.A CC
VACATION
PC
CC Prof. Carlos Correia CS Colin Smith MG Prof. Mark Graham
GH Dr. Glen Holman PC Peter Cramer EU Prof. Enrico Uliana
RC Prof. Richard Chivaka MW Prof. Mike Wormald
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