GRA 6210 Business Analysis and Valuation - RESIT EXAMINATION
GRA 6210 Business Analysis and Valuation - RESIT EXAMINATION
This course belongs to the major in Business Law, Tax and Accounting and is taught for the last time spring 2018.
Business analysis and valuation (fundamental analysis) is an important task for research analysts, investment bankers, corporate finance specialists, mergers and acquisitions analysts, venture capitalists, and individual investors. The task is to thoroughly examining information about companies and reaching conclusions about the underlying value that information implies.
The objective of this course is to help the student develop the skills necessary to do valuations of companies based on financial information.
On successful completion of this module, students will be able to:
- Discuss the pros and cons of different valuation techniques.
- Identify and interpret accounting and non-accounting information necessary for valuation.
- Do valuations based on real world financial statements conveyed in corporate annual reports.
- Calculate the discount rate used in earnings and cash flow valuation methods.
- Identify the primary value drivers of a company’s shares and interpret how economic, industry, or company events are likely to impact its share price.
- Challenge the current share price by use of valuation techniques.
- Present valuation analyses and assumptions in a professional manner
Development of analyst skills entails understanding the concepts and procedures underlying generally accepted accounting principles used to prepare financial information. However, the primary emphasis in this course is on valuations based on this financial information.
- Introduction to equity security analysis
- Recasting financial statements and the economic balance sheet
- Prospective Analysis
- The dividend valuation model
- Valuation using Price Multiples
- Valuation Discounted Cash Flow Models
- Cost of Capital Analysis
- Valuation using Residual Income Valuation Models (RIV-B and RIV-E)
- Valuation and Active Investing
- Writing a Valuation Report
There will be a mixture of lectures and case presentations/discussions. At the start of the course the students will be allocated to teams consisting of 3-5 students. During the course the teams may be required to work with and to present case solutions.
Please note that while attendance is not compulsory in all courses, it is the student’s own responsibility to obtain any information provided in class that is not included on It's learning or text book.
All parts of the assessment must be passed in order to get a grade in the course.
All courses in the Masters programme will assume that students have fulfilled the admission requirements for the programme. In addition, courses in second, third and/or fourth semester can have specific prerequisites and will assume that students have followed normal study progression. For double degree and exchange students, please note that equivalent courses are accepted.
GRA 6212 Financial Reporting and Analysis or similar
| Assessments |
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Exam category: Submission Form of assessment: Written submission Weight: 30 Grouping: Group (1 - 3) Duration: 1 Week(s) Comment: Assignment (mid-term paper) Exam code: GRA62107 Grading scale: ECTS Resit: Examination every semester |
Exam category: Submission Form of assessment: Written submission Invigilation Weight: 70 Grouping: Individual Support materials:
Duration: 3 Hour(s) Comment: Written examination under supervision. Exam code: GRA62108 Grading scale: ECTS Resit: Examination every semester |
All exams must be passed to get a grade in this course.
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 6 ECTS credits corresponds to a workload of at least 160 hours.