REREV3100 Valuation for Accountants Course description

Understanding how accounting choices influence the transparency, interpretability, and overall quality of financial information lies at the heart of this course, Valuation for Accountants. This course builds on foundational accounting principles to help students read, analyze, and interpret financial statements effectively. It bridges technical knowledge with real-world applications, enabling students to make informed decisions about investments, resource allocation, and business valuation. The course is ideal for students pursuing degrees in accounting, finance, business management, or related fields, aiming to build a strong foundation in financial statement analysis and valuation.

Course Objectives:

• Understand the accounting principles behind financial reporting

• Understand the role and importance of financial statements in business decision-making
• Analyze and interpret financial statements, including the income statement, balance sheet, and statement of cash flows
• Learn to assess accounting and financial statements quality, and identify potential manipulation
• Forecast financial performance and apply valuation methods for public and private firms
• Explore strategic frameworks for evaluating business operations, including SWOT and competitive analysis
• Examine how ESG performance impacts valuation and decision-making

Language of instruction is English.

Individual written exam, 3 hours.

The exam result can be appealed.

None.

After completing the course, the student should have the following overall learning outcomes defined in terms of knowledge, skills and general competence:

Knowledge

The student

• understand the fundamental principles of financial accounting and their use in valuation
• apply valuation techniques to evaluate corporate performance and value creation.
• understand how ESG factors influence financial analysis and corporate valuation
• is able to implement the valuation of a company using techniques and tools covered during the course

Skills

The student will

• extract critical insights from financial statements
• analyze financial performance using key ratios like ROE, ROIC, and liquidity measures
• prepare forecasts and pro forma financial statements
• conduct valuations using multiple methods and critically assess the results
• integrate ESG factors and strategic analysis into financial analysis and valuation models

General competence

The student has

• completed case work as constructive members of a student group.

Learning approaches include lectures, in-class problem solving, class discussions, and group work.

The following coursework requirements must have been approved for the student to take the exam:

• Coursework 1: One written group assignment (maximum two pages)

All required coursework must be completed and approved by the given deadline for the student to take the exam. If the coursework requirement has not been approved, the student will be given one opportunity to submit an improved version by a given deadline.

The course shall prepare students for master’s degree programmes at universities and university colleges where different types of differential equations is used.

The elective course is initiated provided that a sufficient number of students choose the course.

No requirements over and above the admission requirements.

After completing the course, the student is expected to have achieved the following learning outcomes defined in terms of knowledge, skills and general competence:

Knowledge

The student is capable of:

• explaining the concepts of analytic function, ordinary, singular and regular singular points
• using series to solve differential equations
• defining the Laplace transform and derive it's basic properties
• explaining what characterize Fourier series and how they can be used to solve ordinary and partial differential equations
• recognizing and understanding concepts of complex functions
• giving examples of elliptical, parabolic and hyperbolic partial differential equations and how they are solved

Skills

The student is capable of:

• solving higher order linear differential equations with constant coefficients
• using power series and Frobenius series to solve second order linear differential equations with variable coefficients
• manipulate functions of complex variables
• using the Laplace transform to solve non-homogeneous linear differential equations modelling oscillating systems
• determining the Fourier sine series and the Fourier cosine series of symmetrical expansions of non-periodic functions
• solving boundary value problems relating to partial differential equations in closed domains by separation of variables

General competence

The student:

• has acquired good skills in solving ordinary and partial differential equations
• utilizing complex analysis techniques to solve partial differential equations, related to electrical engineering, acoustic and heat transfer

Lectures and exercises. Practical exercises are solved individually with the help of the pre-written compendium with solutions for all exercises and previous exams. At the end of the course, previous exams will be reviewed during the six weekly periods.

None