TROY UNIVERSITY
MASTER SYLLABUS
SORRELL COLLEGE OF BUSINESS
FIN 4436
Securities Analysis
Prerequisites
FIN 4432.
Description
Introduction and comprehensive overview of securities analysis. Topics include techniques for
the valuation of stocks, bonds, futures, options and derivative securities.
Objectives
Upon completion of the course, the student should be able to:
1. Explain the differences between the methodology of accounting and the methodology of
finance in terms of their different objectives.
2. List the adjustments which a financial analyst must make to historical financial
statements in order to produce information which is relevant for valuation.
3. Evaluate the competitive position of the firm within its industry.
4. Apply fundamental analysis to the valuation of the common stock of the firm.
5. Identify the special problems of valuation for firms in growth industries and in high
technology industries.
6. Apply fundamental analysis to the valuation of bonds and of debt instruments.
7. Apply modern security analysis, including arbitrage pricing techniques, to the valuation
of options and derivate instruments.
Purpose
The goal of this course is to provide an introduction and overview of the field of securities
analysis, with a focus upon valuation.
Approved Texts
Reilly, F. K., & Brown, K. C. (2011 or current). Investment analysis and portfolio management
(10th ed.). Mason, OH: Thomson/South-Western. [Use with Meyers & Solomon supplement.]
Gitman, L. J., & Joehnk, M. D. (2011 or current). Fundamentals of investing (11th ed.). Boston,
MA: Addison-Wesley.
Master Syllabi are developed by the senior faculty in each business discipline. This Master Syllabus must be used as the basis for developing the
instructor syllabus for this course, which must also comply with the content specifications outlined in the Troy University Faculty Handbook.
The objectives included on this Master Syllabus must be included among the objectives on the instructor’s syllabus, which may expand upon the
same as the instructor sees fit. The statement of purpose seeks to position the course properly within the curriculum and should be consulted by
faculty as a source of advisement guidance. Specific choice of text and other details are further subject to Program Coordinator guidance.
2 February 2015
Master Syllabus: FIN 4436
2
Supplements
Meyers, P. & Solomon, P. (2001 or current). Series 7 stockbroker NASD exam (6th ed.).
Thomson/Peterson’s.
Troy University Faculty Handbook (2010): Section 3.9.2.8 [extract] — essential elements of the syllabus (somewhat modified for space):
1. Course title
8. Classroom
2. Course number +
location
section
9. Office location +
3. Term
e-mail address
4. Instructor
10. Office telephone
5. Prerequisites
11. Course
6. Office hours
description,
7. Class days, times
objectives
12. Text(s)
13. Other materials
14. Grading methods, 16. General supports
criterion weights,
(computer works,
make-up policy,
writing center)
mid-term grade
17. Daily assignments,
reports
holidays, add/drop
15. Procedure, course
& open dates,
requirements
dead day, final
exam
18. ADA statement
23. Cheating policy
19. Electronic device 24. Specialization
statement
requirements
20. Additional
(certification,
services,
licensure, teacher
statements
competencies)
21. Absence policy
22. Incomplete-work
policy