ENT 3502 Investment, valuation and exit strategies - RE-SIT EXAMINIATION

ENT 3502 Investment, valuation and exit strategies - RE-SIT EXAMINIATION

Course code: 
ENT 3502
Department: 
Accounting, Auditing and Business Analytics
Credits: 
7.5
Course coordinator: 
Pål Berthling-Hansen
Product category: 
Bachelor
Portfolio: 
Bachelor of Entrepreneurship and Business - Programme Courses
Semester: 
2020 Spring
Active status: 
Re-sit exam
Resit exam semesters: 
2019 Autumn
2020 Spring
Resit exam info

This course was taught for the last time in spring 2019. Last re-sit examiniations will be offered in the autumn of 2019 and spring 2020.

Teaching language: 
Norwegian
Course type: 
One semester
Introduction

The programme has a strong focus on economic assessments. This also involves an ability to value various strategies and companies based on different assumptions. One fundamental theme is valuation based on cash flows, risks and the present value method. It is important that one manages to see the connection with project analysis as well as the differences from company valuation. Even though the starting point is much the same there are some vital differences which it is important to keep in mind.

Learning outcomes - Knowledge

The students shall gain an understanding of the central concepts included in business valuations. It’s important that they learn about the various valuation methods and how they are connected. This entails an understanding of concepts such as results, cash flow, risk, required rate of return, financing, contribution methods, strategy and market, exit models upon transfers, as well as markets for financing.

Learning outcomes - Skills

After having completed the course the students shall be able to make a concrete valuation of an enterprise and be able to assess which methods that are suitable under various circumstances. This involves an ability to apply topics such as risk, the capital asset pricing model, beta, cash flow, earnings, expected values, residual values. The students shall also develop the ability to assess various types of financing.

General Competence

The applied models usually involve various types of assumptions. It is important that students develop a critical ability to consider their own analyses when this is relevant.

Course content
  • Interest calculation
  • Cash flows
  • Risk and required rate of return
  • Contribution methods
  • Valuation models
  • Financing methods
  • Sale of enterprises
  • Financing market
Teaching and learning activities

The course includes a combination of lectures, group work, assignment reviews and self-tuition. 

A term paper concludes the course for which the students are to perform a concrete valuation and explain methodology and underlying assumptions. The mid-term group work will deal with current problems that are relevant for the term paper.

A basic use of spreadsheets (Excel) is required for exercises. It’s learning will be used. In addition to traditional teaching the lectures will also largely include work on exercises in groups.

Software tools
No specified computer-based tools are required.
Qualifications

Higher Education Entrance Qualification.

Required prerequisite knowledge

Basic business economics and accounting.

Exam categoryWeightInvigilationDurationGroupingComment exam
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
ENT 35021
Grading scale:
ECTS
Grading rules:
Internal and external examiner
Resit:
Examination every semester
100No1 Semester(s)Group/Individual (1 - 3)
Exams:
Exam category:Submission
Form of assessment:Written submission
Weight:100
Invigilation:No
Grouping (size):Group/Individual (1-3)
Duration:1 Semester(s)
Comment:
Exam code: ENT 35021
Grading scale:ECTS
Resit:Examination every semester
Type of Assessment: 
Ordinary examination
Total weight: 
100
Student workload
ActivityDurationComment
Teaching on Campus
15 Hour(s)
Group work / Assignments
30 Hour(s)
Prepare for teaching
155 Hour(s)
Preparations for lectures and term paper hand-in
Sum workload: 
200

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 7,5 ECTS credit corresponds to a workload of at least 200 hours.