PRINCIPLES OF FINANCIAL REPORTING & ANALYSIS

Fundamental analysis is the cornerstone for investing. This course provides the foundations needed to understand quantitative analysis by delving into financial statements, financial analysis, and corporate finance.
– Professor Jake Cohen

Principles of Financial Reporting & Analysis

March 21, 2016

Location: Sasana Kijang, Kuala Lumpur, Malaysia

Financial statements analysis can be very confusing.  There are many terms and concepts that are used by investment professionals that without a clear understanding of their meaning and use, leave many would-be investors in in the dark.  The course is designed to shed light on the importance of such terms as margins, growth, ROCE, WACC, PE multiples, risk, and many others is important in order  to make sense of financial data.

In this day-long program we will cover the principles of financial reporting and analysis.  We’ll explore the three financial statements:  Balance Sheets, Income Statements, and Statements of Cash Flows, and their analysis by examining key profitability, productivity, leverage, solvency, and market ratios.  We will understand the value loop and the calculations of such concepts as Market Value Add (MVA) by delving into theobjectives of debt and equity investors and applying in learning and newfound understanding to the Red Bearded Baron case and other companies’ annual reports.

To register, please click here. For more enquiries, please email insights@asb.edu.my

Jake Cohen is a Senior Lecturer in Accounting and Law and Associate Dean for Undergraduate and Master’s Programs at the MIT Sloan School of Management.

From 2008 to 2011, Cohen was the Dean of the MBA Program at INSEAD, directing strategy and operations for campuses in France, Singapore, and Abu Dhabi. Under his leadership, INSEAD expanded its degree programs and received its highest rankings ever among business school MBA programs. Cohen also served as a member of the Deans’ Leadership Team, overseeing every aspect of the academic experience in all programs. In 2012, he spent his post-deanship sabbatical teaching financial management as a Judge Fellow in Cambridge University and as a Research Fellow studying CSR reporting at Oxford University’s Smith School of Enterprise and the Environment.

Before becoming dean, Cohen was director of the INSEAD-PricewaterhouseCoopers Research Initiative on High Performance Organizations, the school’s largest research center. He was founder, director, and professor of INSEAD’s Business Foundations Program, as well as Affiliate Professor of Accounting and Control and Business Law. Before joining INSEAD in 2003, he was a Senior Teaching Fellow at Harvard Business School in the Accounting & Management Group.

Prior to his academic career, Cohen worked as an accountant at KPMG LLP in Philadelphia, and as a mergers & acquisition consultant for PricewaterhouseCoopers LLP in New York City. As an academic, he has consulted for a number of organizations including: BCG; Bain; Blackstone; ArcelorMittal; Schlumberger; Bel; Accenture, and BMO Capital.

Cohen holds a JD in corporate law from Syracuse University, an MS in accounting from Whitman School of Management, Syracuse University, and a BS in accounting from Lehigh University. He also has completed six executive certificates at Harvard Business School and the AVIRA certificate, for the most senior executives, at INSEAD.

MORNING
Key topics on Capital Markets, the Role of General Managers, and the Financial Reporting System 
Red Bearded Baron — Case Discussion 
 
LUNCH
 
AFTERNOON
Key topics on Managerial Balance Sheets, Economic Value Add, and ROIC Trees P&G Financial Statements Analysis and CIBC Equity Research Report 
Financial Statements Detective — Case Discussion