Prestige Construction-Adoption of IFRS

This real-world case provides an opportunity for students to apply several concepts in financial analysis and valuation to a real-world M&A context. It presents a platform to achieve several learning objectives, including the development of critical thinking and problem-solving skills. By requiring students to apply the frameworks of strategy and financial analysis, techniques of accounting and financial analysis, and by placing students in the role of a financial analyst, the case develops understanding of the challenges involved in financial analysis and valuation in a real-world context. The case helps students to (a) experience the power of using publicly available information to derive insights for firm valuation and (b) appreciate the significance of accounting analyses in firm valuation.