User Rating: 0 / 5
1. COURSE OBJECTIVES
The purpose of Business Valuation course is to introduce students to the basics of business valuation, including how business are valued, how equity is valued, and how the enterprise is valued. This course provides the main methods of valuation (intrinsic and relative), their strengths and weaknesses, and when to apply each. The research contents in this course include:
- CO1: Foundations and fundamental priciples of value
- CO2: Growth and core valuation framework
- CO3: Financial statement analysis and performance forecasting
- CO4: The cost of capital and enterprise value
- CO5: Results analysis and multiples using
2. COURSE CONTENTS
No.
Contents
Time Allocation
Contribution to CLO
Hour(s) on the class
Essays, exercise,
Assignments...
(3)
Self-study with teacher’s tutorials
(4)
Lecture
(1)
Practice, Seminar…
(2)
1
Chapter 1: Foundations of value
2
0
0
5.5
1,6,7,8,9
2
Chapter 2: Fundamental principles of value creation
2
0
0
5.5
1,6,7,8,9
3
Chapter 3: Expectations and return on invested capital
2
1
1
5.5
1,6,7,8,9
4
Chapter 4: Overview of Financial Statement Analysis
2
1
1
5.5
2,6,7,8,9
5
Chapter 5: Growth, and core valuation framework
2
1
2
5.5
4,6,7,8,9
6
Chapter 6: Financial statement analysis, performance evaluation
2
1
1
6.5
2,6,7,8,9
7
Chapter 6: Financial statement analysis, performance evaluation (con’t)
2
1
2
6.5
2,6,7,8,9
8
Chapter 7: Forecasting performance, estimating continuing value and the cost of capital
2
1
1
5.5
3,6,7,8,9
9
Chapter 7: Forecasting performance, estimating continuing value and the cost of capital (con’t)
2
1
2
5.5
3,6,7,8,9
10
Chapter 7: Forecasting performance, estimating continuing value and the cost of capital (con’t)
2
2
3.5
5.5
3,6,7,8,9
11
Mid-term test
0
0
0
0
1,2,3,4,6,7,8,9
12
Chapter 8: Enterprise value
3
1
2
6.5
4,6,7,8,9
13
Chapter 8: Enterprise value (con’t)
3
2
3.5
7
4,6,7,8,9
14
Chapter 9: Analyzing the results and using multiples
2
1
1.5
6.5
5,6,7,8,9
15
Chapter 9: Analyzing the results and using multiples (con’t)
2
2
2
5.5
5,6,7,8,9
Total (hour)
30
15
22.5
82.5
3. COURSE ASSESSMENT
- Score ladder: 10
- Type of assessment
Form
Content
Criteria
CLO
Proportion
Formative
Attendance
Assessment of attitude
The number of attendances and participation in lesson
8,9
10%
Midterm test
Knowledge and skill assessment
- Form: MCQ + written questions (60 mins)
- Content: All contents from chapter 1 to chapter 7
- Criteria:
+ Giving precise MC answers: 6 points
+ Clear, structured, informative essays: 4 points
Total: 10 points
1,2,3,4,6,7
10%
Assignment
Knowledge and skill assessment
- Form: Group assignment
- Content: Select a listed company and apply appropriate methods/approaches to value its business
- Criteria:
+ Clear and feasible topics : 2 points
+ Sufficient contents, straight to the point, logical analysis: 4 points
+ Use of variety of references: 1 point
+ Coherent writing, precise citation: 1 point
+ Well-presented, good Q&A part: 2 points
Total: 10 points
1-7
20%
Summative
Final test
Knowledge, skill and attitude assessment
- Form: Semi multiple choice questions/MCQ + written questions (1-2 case study solving) (60-70 mins)
- Content: all materials covered in the course schedule
- Criteria:
+ Giving precise MC answers: 6 points
+ Clear, structured, informative essays: 4 points
Total: 10 points
1-9
60%
Total:
100%