Business Evaluation

Course content:

  • Introduction to Business Evaluation
  • Basic Principles of Evaluation, Valuation Standards and Basic Evaluation Methods (Main Features and Differences)
  • International Evaluation Standards, IDW Standards
  • Components of a Business Valuation Report:
    · Strategy Analysis
    · Financial Analysis
    · Financial Plan on the Basis of Value Drivers
  • Income Based Valuation
  • Discount Rate Estimating Methods and their Application
  • Complex Business Evaluation

 

Recommended literature:

T. KOLLER, M. GOEDHART, and D. WESSELS: Valuation: measuring and managing the value of companies 4th ed., Hoboken: John Wiley & Sons, 2005, ISBN 0-471-70218-8

A. DAMODARAN: Investment valuation: tools and techniques for determining the value of any asset 2nd ed., New York: John Wiley, 2002, ISBN 0-471-41490-5

SHANNON P. PRATT, ROBERT F. REILLY, and ROBERT P. SCHWEIHS: Valuing a business: the analysis and appraisal of closely held companies 4th ed., New York: McGraw – Hill, 2000, ISBN 0-07-135615-0

KRISHNA G. PALEPU, PAUL M. HEALY, and ERIK PEEK: Business analysis and valuation: text and cases 2nd ed., Andover: South – Western Cengage Learning, 2010, ISBN 978-1-4080-1749-4