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Cases in Valuation (MSB370A)

This is a course in valuation. Building on the corporate finance course, the course first develops the technical skills necessary for valuation, before applying those skills to real-life valuation situations.


Course description for study year 2022-2023

Facts
Course code

MSB370A

Version

1

Credits (ECTS)

5

Semester tution start

Autumn

Number of semesters

1

Exam semester

Autumn

Language of instruction

English

Content
This course integrates what has been taught in other finance courses. This course is a case course, where selected cases are presented and discussed in class. The cases analyze companies through the lens of corporate valuation.
Learning outcome

Knowledge

Upon completion of the course, the candidate will be able to

  • master the components of valuations, including estimation of cash flow, growth, cost of capital, horizon value, present value calculations, and ratio analysis.
  • identify the value drivers (from a finance perspective) in a given corporate situation.

Skills

Upon completion of the course, the candidate will be able to

  • assess corporate valuates, performing all the necessary analysis, such as
    • evaluation of a corporation's real investments, financial choices, and strategy.
    • build spreadsheets evaluating the cash flow consequences of a firm's plans, bringing in data from the corporations' environment as well as the corporate plans.
  • analyse annual accounts and analyse them to recognise the cash flows relevant for valuation.
  • question the sensitivity of any decision-relevant estimate
  • recognise how valuation is an integrated perspective in the field of finance, and the basis for all corporate decisions.
  • ask critical questions about finance-related business situations: use of method, assumptions and calculated value
  • communicate central finance concepts, both written and orally, in business settings.
Required prerequisite knowledge
None
Recommended prerequisites
MSB309 Corporate Finance
MØA/MSB205 Investments
Exam

Hand-in and written exam

Form of assessment Weight Duration Marks Aid
Hand-in 3/10 Letter grades
Written exam 7/10 4 Hours Letter grades Valid calculator

The resit for the first part of the exam submission of cases in groups) will be the individual submission of one case. The resit for the second part (written exam) will comprise one written exam.

Coursework requirements
Obligatory presence presentations
This course has obligatory presence in all case presentations.
Course teacher(s)
Course coordinator: Bernt Arne Ødegaard
Study Program Director: Yuko Onozaka
Overlapping courses
Course Reduction (SP)
Cases in Valuation and Finance (MSB370_1) 5
Open for
Master in Accounting and Auditing Business Administration - Master of Science Business Administration - Master of Science (5 years)
Course assessment
Students will have the opportunity to give feedback on the course first in an early dialogue, and then in a written course evaluation at the end of the course.
Literature
The syllabus can be found in Leganto