This course is designed to enhance students’ ability to create and present professional financial analysis. We will focus on analysing the financial performance of a business and, as an extension, business valuation. We will examine both traditional (accounting based) and non-traditional (value based) financial performance measures considering the pros and cons of the various alternative measures. Our discussion of business valuation will consider the application of both market multiples and cash flow based valuation models, again with consideration of the pros and cons of the various valuation models. Finally, we will discuss the connection between both capital budgeting decisions and capital structure decisions with the various measures/models of financial performance and firm value. Where possible, we will use real firms, on-line publicly available data, and Excel to create our financial analysis.