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Lecturer(s)
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Pálka Přemysl, Ing. Ph.D.
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Dědic Radim, Ing.
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Course content
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Introduction to business valuation. Business valuation and value. Business valuation and legislation. Standards of value. Business valuation - approaches. Business valuation procedure - gathering and analysing of input data. Long-term and short-term financial planning. Projecting key performance drivers. Method selection and valuation. Asset-based valuation. Revenue-based valuation. Combined valuation methods. Methods based on market analysis. Valuation of real options.
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Learning activities and teaching methods
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Lecturing, Exercises on PC, Practice exercises
- Term paper
- 30 hours per semester
- Home preparation for classes
- 60 hours per semester
- Participation in classes
- 15 hours per semester
- Preparation for examination
- 30 hours per semester
- Preparation for course credit
- 20 hours per semester
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| prerequisite |
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| Knowledge |
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| Knowledge of corporate finance and accounting is required to enroll in the course. |
| Knowledge of corporate finance and accounting is required to enroll in the course. |
| learning outcomes |
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| characterise the business valuation issues, including related legislative aspects |
| characterise the business valuation issues, including related legislative aspects |
| analyse time and risk factors for business valuation |
| analyse time and risk factors for business valuation |
| explain the business valuation process |
| explain the business valuation process |
| characterize the process of gathering and analyzing input data to develop a financial plan for business valuation |
| characterize the process of gathering and analyzing input data to develop a financial plan for business valuation |
| describe the valuation of tangible and intangible assets, the valuation of liabilities and intrinsic value |
| describe the valuation of tangible and intangible assets, the valuation of liabilities and intrinsic value |
| explain selected methods used for business valuation |
| explain selected methods used for business valuation |
| characterize the process for a comprehensive independent business valuation and the process of selling a company |
| characterize the process for a comprehensive independent business valuation and the process of selling a company |
| Skills |
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| deal with time factor analysis for business valuation |
| deal with time factor analysis for business valuation |
| deal with risk analysis for business valuation |
| deal with risk analysis for business valuation |
| develop a long-term financial plan based on a financial analysis of the business |
| develop a long-term financial plan based on a financial analysis of the business |
| develop a short-term financial plan |
| develop a short-term financial plan |
| evaluate the financial plan on the basis of selected financial analysis ratios |
| evaluate the financial plan on the basis of selected financial analysis ratios |
| perform a business valuation using selected methods |
| perform a business valuation using selected methods |
| teaching methods |
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| Knowledge |
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| Lecturing |
| Lecturing |
| Methods for working with texts (Textbook, book) |
| Methods for working with texts (Textbook, book) |
| Dialogic (Discussion, conversation, brainstorming) |
| Dialogic (Discussion, conversation, brainstorming) |
| Practice exercises |
| Practice exercises |
| Dealing with situational issues - learning in situations |
| Dealing with situational issues - learning in situations |
| Teamwork |
| Teamwork |
| E-learning |
| E-learning |
| assessment methods |
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| Written examination |
| Written examination |
| Grade (Using a grade system) |
| Grade (Using a grade system) |
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Recommended literature
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BRADÁČ, A. Teorie a praxe oceňování nemovitých věcí. Brno: Akademické nakladatelství CERM, 2016. ISBN 9788072049301.
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DAMODARAN, A. Applied Corporate Finance. 4. edn.. Wiley, 2015. ISBN 978-1-118-80893-1.
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DAMODARAN, A. Investment valuation: tools and techniques for determining the value of any asset. Hoboken: Wiley, 2012. ISBN 978-1-118-01152-2.
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HITCHNER, J. R. Financial valuation: applications and models. Hoboken: Wiley, 2011. ISBN 978-0-470-50687-5.
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Knápková, A., Pavelková, D., Remeš, D., Šteker, K. Finanční analýza komplexní průvodce s příklady. 3., kompletně aktualizované vydání. Praha: Grada, 2017. ISBN 978-80-271-0563-2.
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MAŘÍK, M. a kol. Metody oceňování podniku pro pokročilé. Ekopress, 2018. ISBN 978-80-87865-38-5.
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MAŘÍK, M. Metody oceňování podniku pro pokročilé: hlubší pohled na vybrané problémy. 2. vydání. Praha: Ekopress, 2018. ISBN 978-80-87865-42-2.
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