This subject explores the latest developments in accounting methods and practices used to analyse and value business operations. It examines the information content of financial statements and how this information, coupled with global, industry and company-specific financial data, aids in the development of models to predict future profits and cash flows. These models are then applied in the context of corporate restructuring, acquisition and mergers, private equity considerations, bankruptcy predictions and fundamental equity valuations. Students are required to evaluate and apply valuation techniques based on pre-configured computer-based spreadsheet valuation templates.