Course syllabus RROCE - Business Valuation (FRDIS - SS 2013/2014)

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Course code: RROCE
Course title in language of instruction: Oceňování podniku
Course title in Czech: Business Valuation
Course title in English: Business Valuation
Mode of completion and number of credits: Exam (6 credits)
(1 ECTS credit = 28 hours of workload)
Mode of delivery/Timetabled classes: full-time, 2/2 (hours of lectures per week / hours of seminars per week)
Language of instruction: Czech
Level of course: master; master continuing
Semester: SS 2013/2014
Name of lecturer: Ing. Mojmír Sabolovič, Ph.D. (supervisor)
Prerequisites: none
Aims of the course:
Business valuation synthesizes findings about corporate finance and enlarges knowledge in business valuation and business performance. These elements determinate development of regions. Subject deals with decision making in economic analysis, management, assets portfolio complete with corporate responsibility and environmental aspects. Participants will intensify knowledge in accounting, marketing, corporate finance and follow-up branch of economics.
Course contents:
1.Business Valuation - Lectures plan (allowance 2/2)
a.Introduction to business valuation, The roles and duties of an expert witnesses and certified appraisers
b.Legal aspects and technology, Valuation standards
c.Stategic analysis (internal and external environment)
d.Financial analysis in valuation process
e.Value drivers analysis
f.Income approach - DCF, DDM, CNI
g.Income approach - EVA, MVA, CFROI
h.Income approach - Real option valuation
i.Relative approach
j.Sum of assets approach
k.Real estate valuation
l.Intangibles valuation
m.Particula cases (no income businesses, bankruptcy, new economy businesses)
n.Total value, Synergy value

2.Business Valuation - Seminars plan (allowance 2/2)
Learning outcomes and competences:
Generic competences:
-Ability to apply knowledge
-Ability to work independently
-Basic computing skills
-Professional knowledge
-Skilled at utilizing and processing information

Specific competences:
-Ability to apply methodical principles in appreciation of companies
-Apply cross-disciplinary aspects in analytical work

Type of course unit: required
Year of study: Not applicable - the subject could be chosen at anytime during the course of the programme.
Work placement: There is no compulsory work placement in the course unit.
Recommended study modules: -
Learning activities and study load (hours of study load):
Type of teaching methodDaily attendance
Direct teaching
     lecture28 h
     practice28 h
     consultation4 h
     preparation for exam50 h
     preparation for regular assessment10 h
     preparation for regular testing18 h
     writing of seminar paper30 h
Total168 h
Assessment methods:
Students have to prepare expert's report on sellected firm. Report is presented at the and of semester. Final exam concerns written test and oral examination. The final grade is average of particular evaluation.
Recommended reading:
TypeAuthorTitlePublished inPublisherYearISBN
RQMAŘÍK, M. et al.Metody oceňování podniku: proces ocenění - základní metody a postupyPrahaEkopress2007978-80-86929-32-3
RQMAŘÍK, M. -- MAŘÍKOVÁ, P.Moderní metody hodnocení výkonnosti a oceňování podniku: ekonomická přidaná hodnota, tržní přidaná hodnota, CF ROIPrahaEkopress200580-86119-61-0
RQKISLINGEROVÁ, E. et al.Manažerské financePrahaC.H. Beck2007978-80-7179-903-0
RQKISLINGEROVÁ, E.Oceňování podnikuPrahaC.H. Beck200180-7179-529-1
RQMALÝ, J.Obchod nehmotnými statky: patenty, vynálezy, know-how, ochranné známkyPrahaC.H. Beck200280-7179-320-5


Last modification made by Bc. Vít Karber on 02/03/2014.

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