Bachelor
2023/2024
Business Valuation
Type:
Elective course (World Economy)
Area of studies:
Economics
Delivered by:
School of World Economy
When:
4 year, 3 module
Mode of studies:
offline
Open to:
students of all HSE University campuses
Language:
English
ECTS credits:
4
Contact hours:
32
Course 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
Interim Assessment
- 2023/2024 3rd module0.1 * (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