Delivered at:: School of World Economy

Course type:: Elective course

When:: 4 year, 3 module

Instructors

Makarova, Ekaterina A.

Попандопуло Анастасия Юрьевна

Full Syllabus

Abstract

The discipline provides an idea of what methods can be used to determine the value of a company, the limits of application and limitations of each method, data sources for conducting company analysis, goals and objectives of analyzing a company from the point of view of a manager/owner/ analyst. Successful completion of the course will allow you to develop the following competencies: key skills in analyzing financial statements of a company, understanding basic business valuation methods, skills in working with data sources, understanding key drivers of company value, understanding basic risk accounting methods in the process of valuing a company, understanding the specifics of valuing companies in various business sectors, a general understanding of the stages and The course can be useful for those who want to strengthen their professional positions in the analytical, managerial and entrepreneurial environment.

Learning Objectives

to provide theoretical overview of key methods applied to value different types of business and assets;
to improve students’ skills to analyze financial statements of a company and to determine its’ price
to understand how to distinguish value creation from value destruction
to understand how to select the appropriate method of business valuation for any given situation

Expected Learning Outcomes

Can choose correct methods and instruments for specific valuation cases.
understand key features of the key approaches to valuation and can define the most commonly applied standards of value
understand specific features of valuation process for different purposes

Course Contents

Business valuation: basic concepts
Using Financial Statements for valuation and analysis
Valuation approaches and methods
Value creation
Valuation law and standards: cross-country comparison
Special valuation issues
Case study analysis

Assessment Elements

Final exam (Quiz)
(Quiz1+Quiz2+Quiz3+Quiz4+MOOC)/5
Group project
Valuation report

Interim Assessment

2023/2024 3rd module
0.1 * (Quiz1+Quiz2+Quiz3+Quiz4+MOOC)/5 + 0.35 * Final exam (Quiz) + 0.2 * Group project + 0.35 * Valuation report

Bibliography

Recommended Core Bibliography

Financial analysis: collection of case studies: Учебное пособие / Казакова Н.А., Дун И.Р., Бобкова М.П. - М.:НИЦ ИНФРА-М, 2018. - 54 с.: 60x90 1/16 ISBN 978-5-16-106744-4 - Режим доступа: http://znanium.com/catalog/product/972205

Recommended Additional Bibliography

Mard, M. J., Hyden, S. D., & Hitchner, J. R. (2007). Valuation for Financial Reporting : Fair Value Measurements and Reporting, Intangible Assets, Goodwill and Impairment (Vol. 2nd ed). Hoboken, N.J.: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=218516

Bachelor’s Programme 'World Economy'

Business Valuation