## Financial analysis

### Academic year 2010-2011

#### Second semester (January-April 2011)

Teacher: __AndrĂ© Cabannes__

**Lesson 1**: Correction of exam of course in general accounting
**Lesson 2**: Differences between accounting and finance: role of time
**Lesson 3**: Financial investments and physical investments: buying standalone future cash flows vs buying future cash flows which will more than add up to ours
**Lesson 4**: Modelling randomness of future cash flows: introduction to elementary probabilities (1)
**Lesson 5**: Elementary probabilities (2)
**Lesson 6**: The no arbitrage principle
**Lesson 7**: Discounting: present value of future cash flows
**Lesson 8**: Opportunity cost of capital
**Lesson 9**: Internal rate of return
**Lesson 10**: Example: evaluation of a project investment
**Lesson 11**: Exercices and in-class marks
**Lesson 12**: Exercises and in-class marks

- Written exam

Solution