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Closed
This course/examination is part of the module(s) listed below. Please check the relevant examination regulations to determine whether a module is classed as a compulsory, elective compulsory, or elective module in your degree program. The learning objectives are given in the module description, which can be viewed by clicking on the module number.
Module number (link to module description)
Module title
Module coordinator
ECTS credits for module
82-021-FBK13-H-0507
Theory and Practice of Business Valuation
Mählmann, Thomas
5
Course no.:
Exam no.:
82-021-FBK13-S-VL-0507.20191.001
Course title:
Exam title:
Theory and Practise of Business Valuation
Kategorie:
Lecture
Language of lesson:
Englisch
Date:
5/11/2019
-
7/6/2019
Organizer:
Wirtschaftswissenschaftliche Fakultät
Lecturer:
Examiner:
Mählmann Thomas
Exam type:
end-of-semester examination
Exam mode:
Klausur
Max. number of participants:
70
unlimited
Type of studies:
Learning objectives:
Students will learn to use basic valuation and finance terminology in an adequate and critical manner.
They will develop an understanding of the connections within a business valuation and find out the relation between finance and strategy.
Students will be able to understand business valuation as a guideline of business decisions and to conduct valuations. The comprehensive connections between the different sub-categories of business science will be made transparent.
They will learn how to develop and apply portfolio strategies and get an understanding of corporate performance. Furthermore they learn the analysis of Mergers & Acquisitions, approaches for improving the business performance and the design of capital structures as a means to support the corporate strategy.
After finishing the module students will possess necessary basics for the Certified Financial Analyst (CFA), an additional qualification which is very important and relevant in the professional life.
Content/topics:
1. Foundations of Value
1.1. Why Maximizing Value?
1.2. Fundamental Principles of Valuation and Value Creation
2. Core Valuation Techniques
2.1. Frameworks for Valuation
2.2. Analyzing Historical Performance
2.3. Forecasting Performance
2.4. Estimating Continuing Value and Cost of Capital
2.5. Using Multiples for Valuation
3. Making Value Happen
3.1. Performance Measure- and Management
3.2. Creating Value through Mergers and Acquisitions
3.3. Capital Structure
4. Advanced Valuation Issues
4.1. Valuation of High Growth Companies
4.2 Valuation of Cyclical Companies
Recommended prerequisites:
General Business Administration
Fundaments of Investment Appraisal Methods
E-learning offer (URL):
Literature:
Koller/Goedhart/Wessels: Valuation, Measuring and Managing the Value of Companies, 6th University Edition 2015.
Koller/Goedhart/Wessels: Workbook, Valuation, Measuring and Managing the Value of Companies, 6th University Edition 2015.
Koller/Dobbs/Huyett: The four cornerstones of Corporate Finance, McKinsey 2011.
Penman, Stephen: Financial Statement Analysis and Security Valuation, 5th Edition Columbia Univ. 2013.
Palepu/Healy: Business Analysis and Valuation Using financial Statements, 5th Edition 2013.
Prexl et al, Financial Modeling, Stuttgart 2010.
Stevens/Brauer: Corporate Strategy & Governance, Stuttgart 2009.
Teaching and learning formats/course types:
Lecture/Tutorial
Registration from… to:
3/12/2019 -
Last possible date of deregistration:
Status:
Closed
Comments:
Room:
Scheduled event/examination dates
Date / Time
Room
Lecturer
Comment
Sat 11.05.2019 09:15 - 2:45 PM
HB-106
Gros, Stefan
Sat 18.05.2019 09:15 - 2:45 PM
HB-106
Gros, Stefan
Sat 25.05.2019 09:15 - 2:45 PM
HB-106
Gros, Stefan
Sat 01.06.2019 09:15 - 2:45 PM
HB-106
Gros, Stefan
Sat 08.06.2019 09:15 - 2:45 PM
HB-106
Gros, Stefan
Sat 15.06.2019 09:15 - 2:45 PM
HB-106
Gros, Stefan
Sat 29.06.2019 09:15 - 2:45 PM
HB-106
Gros, Stefan
Sat 06.07.2019 09:15 - 2:45 PM
HB-106
Gros, Stefan