Valuation and Business Value Management

2024/2025

Academic Year

ENG

Instruction in English

6

ECTS credits

Delivered at:

Department of Finance

Course type:

Compulsory course

When:

2 year, 1, 2 module

Instructor

Nazarova, Varvara

Course Syllabus

Abstract

The discipline “Business Evaluation” is a study program for Master students, which is based on the knowledge gained by students, from the following courses: “Management Accounting”, “Investment Analysis”, “Financial Management”, “Corporate Finance” “Mergers and Acquisitions”.

Learning Objectives

• In accordance with the stated purpose of the course, focus on the following learning objectives: • - To know the essence of the economic, organizational and social changes that occur in domestic companies with a shift of emphasis from production to marketing principles of planning and management; • - Be able to build a model of financial management, based on a system covering all aspects of the activities of a modern company with the release levels and planning horizon (e.g. using KPI); • - Explore the possibilities of software for creating and using the valuation; • - Gain knowledge and skills in order to make management decisions in this area. • - Know and be able to use special terminology of financial strategic management.

Expected Learning Outcomes

• Be able to build a model of financial management, based on a system covering all aspects of the activities of a modern company with the release levels and planning horizon (e.g. using KPI)
• Explore the possibilities of software for creating and using the valuation
• Gain knowledge and skills in order to make management decisions in this area
• Know and be able to use special terminology of financial strategic management
• To know the essence of the economic, organizational and social changes that occur in domestic companies with a shift of emphasis from production to marketing principles of planning and management

Course Contents

• Framework for Corporate Valuation
• Discounted Cash Flow Models
• Value Creation Company
• The scheme valuation
• Evaluation of continuing value
• Methods of assessing and managing the cost of the company based on the concept of economic profit
• Real options valuation
• Comparative Valuation
• The cost approach to business valuation
• Practice in companies valuation

Assessment Elements

• homework
• Exam
  Exam is carried out at the seminar. The text of the work and the rules for performing the work are sent to the corporate mail of each student. The period for performing the work is determined. The student has the opportunity to complete the test in the sent file or print the document, write the solution and send the scanned work. The time for performing the work is assigned before starting work. Work solutions must be laid out in a special folder created in the LMS, no later than the time suggested at the beginning of the test
• class work
• quiz
  Quiz is carried out at the seminar. The text of the work and the rules for performing the work are sent to the corporate mail of each student. The period for performing the work is determined. The student has the opportunity to complete the test in the sent file or print the document, write the solution and send the scanned work. The time for performing the work is assigned before starting work. Work solutions must be laid out in a special folder created in the LMS, no later than the time suggested at the beginning of the test

Interim Assessment

• 2024/2025 2nd module
  0.5 * Exam + 0.1 * class work + 0.2 * homework + 0.2 * quiz

Bibliography

Recommended Core Bibliography

• Copeland, T. E., Koller, T., & Murrin, J. (2000). Valuation : Measuring and Managing the Value of Companies (Vol. 3rd ed). New York: John Wiley & Sons, Inc. [US]. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=53431
• Damodaran, A. (2012). Investment Valuation : Tools and Techniques for Determining the Value of Any Asset, University Edition (Vol. 3rd ed). Hoboken, N.J.: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=442925

Recommended Additional Bibliography

• Brealey, R. A., & Myers, S. C. (2012). Principles of corporate finance. Slovenia, Europe: Irwin. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.BA880E76

Authors

• SOLOVEVA EKATERINA EVGENEVNA
• NAZAROVA VARVARA VADIMOVNA