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.

Language of instruction is English.

The course is based on Finance and Accounting. It is related to Foretaksfinans, Videregående finansregnskap og regnskapsteori, and Årsregnskap, but these are not the prerequisite for taking the course.

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 has

• obtained an understanding of fundamental drivers of value, and valuation techniques.
• implemented and understood the use of this knowledge in practical settings.

Skills

The student is

• able to apply the main valuation techniques to case companies.
• able to take financial information and apply them in the valuation process.

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 in order 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 in order for the student to take the exam. If the coursework requirement has not been approved, the student will be given the opportunity to submit an improved version by the given deadline.

The exam in the course is a group report. Students are expected to work with a group of 3-5 people and write a valuation report of maximum 20 pages.

All aids are permitted, as long as the rules for source referencing are complied with.

Grade scale A - F

The final group report will be evaluated by both internal and external graders.