This is an advanced professional course intended for individuals working in banks, investment companies, stock brokers or large corporate finance departments. There are three distinct parts: the first four chapters review approaches to valuation of financial assets; the next nine chapters cover one aspect of the firm operations and draw conclusions on the implications for the value of the firm to investors; the last two chapters incorporate economic forecasting to assessment of firm’s strategy. There is a general theme repeated through all the chapters that there are many different purposes of analysis of a company’s financial condition and the focus changes accordingly, but the methods remain essentially the same. All well known analytical methods are presented with examples showing their use, and with, just as importantly, a discussion of their limitations.