Objectives and competences
The aim of the course is to teach students to apply modern business valuation methods, techniques and practices and to understand the purpose and objectives of business valuation..
Content (Syllabus outline)
1. Introduction to business valuation, it's meaning, types, purposes and development;
2. Economic categories in business valuation: types and uses;
3. Legal and professional rules and regulations regarding business valuation
4. Methodology and methodics of business valuation
5. Profes,sional aspects of business valuation
6. Methodology of business valuation of sheres of public companies.
Learning and teaching methods
Lectures, discussions and case studies, individual coursework with presentation.
Intended learning outcomes - knowledge and understanding
In this course students will be able to:
1. Explain the methods and techniques of business valuation, its purpose and users, and the legal and professional environment or regulations. (PILO 2a)
2. Explain international professional rules in the field of valuation. (PILO 2b).
3. Apply theoretical knowledge in specific cases of company valuation. (PILO 2a)
4. Understand ethical frameworks and ethical dilemmas in the field of company valuation. (PILO 4a)
5. Solve problems in the field of valuation in a working group. (PILO 3c)
The PILO label (i.e., Programme Intended Learning Outcomes) defines the contribution of each listed intended learning outcome of a course towards achieving the general and/or subject-specific competencies or learning outcomes acquired through the programme.
Intended learning outcomes - transferable/key skills and other attributes
In this course students will be able to:
1. Explain the methods and techniques of business valuation, its purpose and users, and the legal and professional environment or regulations. (PILO 2a)
2. Explain international professional rules in the field of valuation. (PILO 2b).
3. Apply theoretical knowledge in specific cases of company valuation. (PILO 2a)
4. Understand ethical frameworks and ethical dilemmas in the field of company valuation. (PILO 4a)
5. Solve problems in the field of valuation in a working group. (PILO 3c)
The PILO label (i.e., Programme Intended Learning Outcomes) defines the contribution of each listed intended learning outcome of a course towards achieving the general and/or subject-specific competencies or learning outcomes acquired through the programme.
Readings
Temeljni študijski viri:
- Koletnik, F. (2010). Koliko je vredno podjetje: Vrednotenje in trženje podjetij (izbrana poglavja). Zveza računovodij, finančnikov in revizorjev Slovenije.
- Mednarodni standardi ocenjevanja vrednosti. (n.d.). Slovenski inštitut za revizijo. http://www.si-revizija.si
- Praznik, B. (2011). Priročnik za ocenjevanje vrednosti podjetij (izbrana poglavja). Slovenski inštitut za revizijo.
- Trugman, G. R. (2017). Understanding business valuation: A practical guide to valuing small to medium sized businesses (5th ed.). AICPA.Aktualna gradiva posredovana na vajah in predavanjih
Prerequisits
Regular attendance at lectures and tutorials (at least 70%) is a prerequisite for taking the midterm exams.
Additional information on implementation and assessment Seminar paper - written seminar paper with an oral defence.
Written exam - the written examination may be replaced by two midterm exams.
Written exam - students may gain additional bonus points by actively participating in lectures and tutorials (in-class participation), which will be added to the points obtained in the written examination or the midterm exams (up to a maximum of 10% of the written examination).
Written exam - The final course grade is the weighted arithmetic mean of the passing grade of the seminar paper (including the review assignment of another seminar paper) and the passing grade in the written examination.
