MGMT 126
Financial Statement Analysis
Description: Lecture, four hours. Requisite: course 120B. Comprehensive study of concepts and procedures used to interpret and analyze balance sheet, income statement, and statement of cash flows. Calculation and interpretation of financial ratios and credit analysis. Valuation theory using both discounted cash flows and residual income model. P/NP or letter grading.
Units: 4.0
Units: 4.0
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Most Helpful Review
Winter 2023 - Borman? More like Bor-ing. I was trying to give at least a mediocre review, but the results of the Memo and the exam scores were...disappointing. This class was disorganized because he makes us participate way too much. We were behind a lot because of the participation questions and I'm sure he spent at least 15 minutes of class time either trying to help people get to a very obvious answer to his question or on calling the names of people who didn't show up, which isn’t necessary and cut into large chunks of class time while making it a huge obstacle for us to learn. The material wasn't terrible and a lot was just a surface level review of intermediate accounting, but a lot of us were expecting actual unique knowledge on financial statements. You learn how to build basic financial models and there's a heavy usage of Excel for the homework and a project on analyzing the financials of his choice of companies, but most of the choices were extremely boring since a lot of those were heavy value companies. In my opinion, Borman is too risk averse and doesn't talk much about growth stocks and innovation, which is a disadvantage when that's what makes the markets exciting. He doesn't include much about current news related to growth stocks, and he won't add knowledge about things like Benjamin Graham's value investing theories or Berkshire Hathaway and their strategies. Ultimately, this is just another accounting class that doesn't do much to improve your investment philosophy. Both the midterm and final questions were horrible and I’m sure his graders just gave us random grades. A large chunk of people were using Google, chatgpt, and texts to cheat which made it look like a lot of us understood everything to get an A. I sat in the back and I saw entire rows of people behind the projector just copying and pasting from chatgpt which is very discouraging. The grading and instructions for the Memo were also ridiculous. He wants you to fit all your insights and interpretations of things like turnover ratios into 1 page, Times New Roman 12 font. There is almost no way to fit your ideas concisely into the model, which you will get points off since he will ask you to "elaborate" despite there being no flexibility too due to the restrictions. You won't get any recognition if you more than exceeded the requirements. The grading for the Memo is harsh and slightly unfair, unlike what the COVID review said. The people who got an 100% on the Memo probably sucked his dick, so if you want to get an A in this class, be ready to get on your knees. Also, for some reason when he is grading, he forgets how to read. Overall, try to take this class P/NP if in excess of accounting minor units. And try to suck his dick early on.
Winter 2023 - Borman? More like Bor-ing. I was trying to give at least a mediocre review, but the results of the Memo and the exam scores were...disappointing. This class was disorganized because he makes us participate way too much. We were behind a lot because of the participation questions and I'm sure he spent at least 15 minutes of class time either trying to help people get to a very obvious answer to his question or on calling the names of people who didn't show up, which isn’t necessary and cut into large chunks of class time while making it a huge obstacle for us to learn. The material wasn't terrible and a lot was just a surface level review of intermediate accounting, but a lot of us were expecting actual unique knowledge on financial statements. You learn how to build basic financial models and there's a heavy usage of Excel for the homework and a project on analyzing the financials of his choice of companies, but most of the choices were extremely boring since a lot of those were heavy value companies. In my opinion, Borman is too risk averse and doesn't talk much about growth stocks and innovation, which is a disadvantage when that's what makes the markets exciting. He doesn't include much about current news related to growth stocks, and he won't add knowledge about things like Benjamin Graham's value investing theories or Berkshire Hathaway and their strategies. Ultimately, this is just another accounting class that doesn't do much to improve your investment philosophy. Both the midterm and final questions were horrible and I’m sure his graders just gave us random grades. A large chunk of people were using Google, chatgpt, and texts to cheat which made it look like a lot of us understood everything to get an A. I sat in the back and I saw entire rows of people behind the projector just copying and pasting from chatgpt which is very discouraging. The grading and instructions for the Memo were also ridiculous. He wants you to fit all your insights and interpretations of things like turnover ratios into 1 page, Times New Roman 12 font. There is almost no way to fit your ideas concisely into the model, which you will get points off since he will ask you to "elaborate" despite there being no flexibility too due to the restrictions. You won't get any recognition if you more than exceeded the requirements. The grading for the Memo is harsh and slightly unfair, unlike what the COVID review said. The people who got an 100% on the Memo probably sucked his dick, so if you want to get an A in this class, be ready to get on your knees. Also, for some reason when he is grading, he forgets how to read. Overall, try to take this class P/NP if in excess of accounting minor units. And try to suck his dick early on.
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Most Helpful Review
Professor Miller is always prepared for the class; his lectures are really good and are everything that you need to know for the midterm and final. When you are taking his class please remember that even those for some of you his style of teaching might be somewhat slow-paced, you DO learn a lot in his classes. I, for example, was finally able to understand Cash Flow Statement. Not only I can prepare it, but from now on it always balances at the end!!!! So, I keep asking myself on why do other professors have to make some accounting concepts so complicated and hard to understand (prof. Ravetch and his T-accounts, brrr \326)
Professor Miller is always prepared for the class; his lectures are really good and are everything that you need to know for the midterm and final. When you are taking his class please remember that even those for some of you his style of teaching might be somewhat slow-paced, you DO learn a lot in his classes. I, for example, was finally able to understand Cash Flow Statement. Not only I can prepare it, but from now on it always balances at the end!!!! So, I keep asking myself on why do other professors have to make some accounting concepts so complicated and hard to understand (prof. Ravetch and his T-accounts, brrr \326)
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