REREV3100 Valuation for Accountants Emneplan

This course explores the basics of business valuation. The objective of this course is to provide students with valuation methods from both a conceptual and practical framework. We will discuss the drivers of corporate value, cover financial analysis using data from the annual report, and build an integrated valuation model using discounted cash flow (DCF). We will also discuss alternatives to DCF valuation, comparables analysis and options.

The course is taught through joint lectures and exercises. In the exercise sessions, the students work on assignments, both individually and in groups, under the supervision of a lecturer.

Students will be able to evaluate their own and others' professional work, and formulate assessments of these in such a way that the assessment provides advice on further study work. Exercise in this takes place in the hourly planned part of the work sessions. Students will therefore conduct weekly assessments of assignments based on weekly assignments. Information on how the weekly assessments will be conducted will be given in the lectures.

None

By the end of this course, a successful learner should be able to:

• Understand and be able to apply basic tools to company, using discounted cash flow models and other commonly used methods.
• Upon review of a company's financial statements be able to prepare a basic valuation report.

International marketing - "the process of focusing the resources and objectives of an organization on international marketing opportunities" (Keegan, 2002) - is an arena of increasing interest and concern throughout the world. The students will acquire an understanding of the essentials of international marketing management that extends the basic principles of marketing and strategy that they are already familiar with.

The textbook and articles offer a theoretical framework and platform for the course, while many of the class sessions will emphasize the practical aspects of international marketing.

None

No prerequisites.

Knowledge

The student

• has broad knowledge of the international market environment,
• has knowledge of internationalisation theories
• has knowledge of information systems and market research involved in analyzing and selecting international markets
• can make informed choices concerning entry modes and strategic alliances
• understands how the "4 P's" in an international setting

Skills

The student

• can use relevant theories and methods of analysis to solve cases involving typical international marketing decisions.
• the student can choose and apply relevant theory and models in order to select markets to enter
• the student can use relevant theory and models to analyze international markets and select the appropriate mode of entry

General Competencies

• The student can present case analysis and recommendations in class and provide other students with feedback on their presentations
• the student can review and convey the content of academic journal articles
• the student can discuss the key topics in this domain and thus contribute to others' learning and development

Emnet gir innsikt i problemstillinger og metoder knyttet til bedriftens investerings- og finansieringsbeslutninger. Studentene lærer seg å sette opp de relevante kontantstrømmene og hvordan disse håndteres og verdsettes på en konsistent måte. Emnet gir videre et innblikk i kapitalmarkedene og markeder for ulike verdipapirer. Studentene får innsikt i verdsetting av ulike aktiva og håndtering av risiko. Studentene utvikler også sine ferdigheter i bruk av regneark med fokus på økonomiske modeller og analyser.

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 how functions can be approximated by taylor polynomials, power series and/or fourier series, explain what it means that a series converge, and differentiate and integrate powerseries.
• explaining what a frequency spectrum is, and explaining the principle of filtering signals in the frequency domain.
• describing and explaining how a sequence of numbers can originate by sampling, by using a formulae or as the solution of a difference equation.
• explaining how to interpolate sampled data.
• explaining partial differentiation and using different graphical ways to describe functions of two variables
• calculating eigenvalues and eigenvectors of matrixes and giving a geometrical interpretaions of these values

Skills

The student is capable of:

• discussing the connection between fourier series and fourier transforms
• discussing pro and cons using interpolating polynomials, splines and least squares method to interpolate sampled data
• discussing error barriers when using polynomials to approximate functions
• using simple tests of convergence of series, for example the ratio test
• giving a geometrical interpretation of gradient and directional derivative and using linear approximation and total differential of functions of two variables to calculate uncertainty
• using partial differentiation to calculate and classify critical points of functions of two variables
• using eigenvalues and eigenvectors to solve systems of differential equations with constant coeffisients

General competence

The student is capable of:

• identifying the connection between mathematics and their own field of engineering
• translating a practical problem from their own field into mathematical form, so that it can be solved analytically or numerically
• using mathematical methods and tools that are relevant to their field of engineering
• assessing the results of mathematical calculations and using basic numerical algorithms