Syllabus

Title
2145 Business Valuation
Instructors
Mag. Andreas Wosol, ao.Univ.Prof. Dr. Manfred Frühwirth
Type
FS
Weekly hours
2
Language of instruction
Englisch
Registration
09/23/21 to 10/10/21
Registration via LPIS
Notes to the course
Subject(s) Bachelor Programs
Dates
Day Date Time Room
Friday 10/22/21 04:00 PM - 07:15 PM TC.1.01 OeNB
Friday 11/05/21 03:00 PM - 07:15 PM TC.1.02
Friday 11/19/21 04:00 PM - 07:15 PM TC.5.27
Friday 12/03/21 04:00 PM - 07:15 PM Online-Einheit
Friday 12/17/21 04:00 PM - 06:30 PM Online-Einheit
Friday 01/14/22 04:00 PM - 07:15 PM TC.3.03
Friday 01/21/22 04:00 PM - 06:00 PM TC.2.01
Contents

The aim of the course is to understand theoretically the basics in business valuation as well as their practice-oriented application. The valuation methods are first developed theoretically and applied to concrete case studies.

Learning outcomes

After completing the courses, students should be able

  •  to carry out a business valuation,
  •  to obtain relevant market data required for valuation,
  •  to critically question the valuation methods and apply them appropriately, and
  •  to review valuation reports (e.g. by analysts).
Attendance requirements

Full attendance is mandatory. This means that the students should attend at least 80% of all sessions, at most one session may be missed

Teaching/learning method(s)

The interactive course supports and promotes the understanding of theoretical knowledge by means of practical application. In the first part of the course, the theoretical basics are taught by lecture by the course leader. This basic part is concluded with an intermediate exam. In the second part of the course, a business valuation is carried out in small groups and then presented.

Assessment

The assessment of the course is based on an intermediate exam (40%), business valuation report (40%) and the group presentation of the business valuation (20%).

Prerequisites for participation and waiting lists

Completion of VUE Financial Management and PI Special Topics in Financial Management

Readings
1 Author: Damadoran A.
Title:

Investment Valuation


Publisher: Wiley Finance
Edition: 3rd Edition
Year: 2012
Content relevant for class examination: Yes
Recommendation: Essential reading for all students
Type: Book
2 Author: Koller T., Goedhart M., Wessels D.
Title:

Valuation: Measuring and Managing the Value of Companies


Publisher: Wiley
Edition: 6st Edition
Year: 2015
Content relevant for class examination: Yes
Recommendation: Essential reading for all students
Type: Book
3 Author: Damadoran A.
Title:

The Dark Side of Valuation


Publisher: FT Press
Edition: 3rd Edition
Year: 2018
Content relevant for class examination: Yes
Recommendation: Essential reading for all students
Type: Book
Recommended previous knowledge and skills

Time value of money, CAPM, WACC, Basics of Business valuation, Discounted Cash Flow

Availability of lecturer(s)
Last edited: 2021-06-23



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