Course Co-ordinator: Dr M Whittington

Pre-requisite(s): AC 1513 Accounting and Entrepreneurship and AC 3047 Corporate Finance.

This course consists of 12 weeks of material that concentrates on the main points of overlap between users and providers of accounting information. In particular it would focus on the investor's perspective on financial information. Advanced portfolio and investment theory. Choosing Investments from a large universe of assets. Accounting information as signals in investment management.
Types of investor:

• Mutual and pension funds
• Closed end funds
• Private equity and venture capital
• Hedge funds and boutiques

Capital market responses to events and event studies, as in:

• Tax arbitrage

The role of investment banks:

• Mergers and acquisitions
• Corporate actions
• Book building and IPOs

The role of auditor and the accountant as a consultant.

The course comprises.

• A series of 12 two-hour lectures
• A series of 12 one-hour seminar/tutorial classes at which students will have to prepare, present and discuss their work.

1st Attempt: Assessment would be via two pieces of coursework and one written examination:
Coursework 1: Accounting related coursework, case study based 2,000 words (20%)
Coursework 2: finance related coursework, either empirical research exercise or case study based, 2,000 words (20%)
Examination: 2 hours closed examination in January diet (60%).