Do My Liberty BUSI 532 Course for Me

Week one, Monday to Friday, covers Penman chapters 1 to 3, with the checklist, introductions, Forum 1 and Homework 1, which sets up your company's statements.

Week two covers chapters 4 to 6 on accrual accounting and residual earnings, with Forum 2 and Homework 2.

Week three covers chapters 8 and 9 on reformulating the statements, with Homework 3.

Week four covers chapters 10 and 11 on cash flow and profitability analysis, with Homework 4.

Week five covers chapters 12 and 13 on growth and sustainable earnings, with Forum 3 and Homework 5.

Week six covers chapters 14 and 15 on forecasting and valuation, with Homework 6.

Week seven returns to chapter 7 on the business behind the statements, with Homework 7.

Week eight covers chapters 16 and 18 and closes with the group report on a new company, due on the course's last Friday. Later weeks start on Saturdays.

There are no exams, so steady weekly work is what the course rewards.

Two or three lecture presentations accompany most weeks, and a website link points to filings and data the homework uses.

The reading order jumps from chapter 15 back to chapter 7 in week seven, a deliberate move from mechanics back to the business.

The company is chosen with you in the first days, then several years of its 10-K statements are loaded into a workbook with separate tabs for inputs, calculations and results.

Each week a new tab is added for that homework, linked to the earlier tabs, so the reformulated statements in week three feed the profitability analysis in week four and the forecasts in week six.

Every workbook is checked for balance before delivery: reformulated statements must still tie to the reported totals, and residual earnings must reconcile to book value.

A short memo comes with each workbook, explaining what the numbers say about the company in plain words.

Forum posts follow each prompt's instructions and draw on the same analysis, so they speak from evidence.

Your sections of the group report are built on the new company and handed over before the group's own deadline.

If you start midway, your earlier workbooks are checked and corrected before the next one is added.

The week-six workbook forecasts sales growth, margins and asset turnover from the company's history, then values the equity and compares it with the share price.

The week-seven workbook adds a short narrative on strategy, linking the company's profitability to what it actually does to compete.

For the group report, the shared company's statements are loaded and reformulated first, then each member's sections draw on the same figures.

Each memo flags any judgment calls, such as how cash or leases were classified, so you can explain them if asked.

Where the 10-K changes its presentation between years, the workbook notes the change and adjusts the earlier years to match.

A financial analyst does your coursework, usually a CFA charterholder or a professional from equity research or corporate finance.

They build valuation models in their own work, so reformulating statements and forecasting drivers are routine for them.

Their spreadsheets keep inputs, calculations and results on separate tabs, so every figure can be traced back to the 10-K.

Several have taught financial statement analysis, which shows in the memos that explain each step.

A second analyst checks each workbook's formulas and totals before it is sent to you.

The analyst sees the company and the prompts, never your name.

They have explained valuations to investment committees, so the memos are short and clear.

Several have taught financial statement analysis to analysts in training.

The same analyst stays with your company from the first workbook to the last.

The cumulative design is the central difficulty, since each workbook depends on the one before and errors carry forward.

The reformulation in week three is the hardest single step. Every item on the statements must be sorted into business or financing activity.

Profitability analysis in week four needs several ratios that must agree with one another, which exposes any earlier misclassification.

Forecasting in week six depends on judgment about the company's drivers, and an unrealistic forecast produces an unconvincing value.

The final week asks a group to rerun the full method on a fresh company.

Choosing a company with messy filings, frequent restatements or complex segments makes every step harder.

Residual earnings in week two is easy to compute wrongly, since the charge applies to beginning, not ending, book value.

The forums ask you to compare ideas with classmates, so a post must take a position rather than summarize.

Week five's growth analysis requires separating one-time items from core earnings, which is easy to get wrong when the 10-K is vague.

Keeping the workbook tidy as it grows is a difficulty of its own, since seven assignments share one file.

The first workbook arrives early in week one, after the company is agreed.

From week two on, each file arrives midweek with its notes.

Posts for the three forums come at the start of their weeks.

Your group report share arrives before the group's deadline in week eight.

The workbooks are the largest cost, the group share next and the forums smaller.

A full-term booking is cheapest; joining late starts with the next file.

Each file is delivered ready to submit, with formulas intact.

Forum orders can be added in any week, and the group share can be ordered on its own.

If you start midway, your earlier workbooks are checked and corrected first.

The valuation workbook in week six is the largest line.

Questions about any workbook can be sent before you order.