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Information
| Code | MG1819 |
| Name | Firm Valuation |
| Term | 2024-2025 Academic Year |
| Semester | . Semester |
| Duration (T+A) | 4-0 (T-A) (17 Week) |
| ECTS | 8 ECTS |
| National Credit | 4 National Credit |
| Teaching Language | Türkçe |
| Level | Doktora Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. YILDIRIM BEYAZIT ÖNAL |
Course Goal / Objective
The objective of this course is to provide an understanding of the valuation process in companies by giving a detailed information on different valuation methods
Course Content
In this course estimation of the cash flows, calculation of the cost of capital and the variables that affect the value of the companies will be disscussed
Course Precondition
None
Resources
1.Firma Değerlemesi, Nurgül Chambers 2.Accounting and Business Valuation Methods, Malcom Howard 3.The Handbook of Business Valuation and Intellectual Property Analysis, Reilly Schweihs 4.Financial Valuation:Application and Models, James R. Hitchner 5.Yatırım Projelerinin Değerlendirilmesi, Zeki Uslu, Yıldırım Beyazıt ÖNAL, 2007 6.Sarıaslan, Halil; Yatırım Projelerinin Hazırlanması ve Değerlendirilmesi, Turhan Yayıncılık, 1997
Notes
Damadoran on Valuation:Security Analysis for Investment and Coorparate Finance, Aswath Damadoran
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Analysis the financial performance of a company |
| LO02 | Gathers necessary data from the financial statements on the financial condition of the company |
| LO03 | Calculates the cost of capital fort he company |
| LO04 | Applies different techniques in the valuation process |
| LO05 | -Lists various variables that increases the value of a company |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explains the basic theoretical models for finance function | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Lists and identifies the theories that will contribute to the development of scientific methods and tools used in finance | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Investigates how to model theorems in finance field and how to associate these models with the the quantitive decision making techniques | 4 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Explains how to interpret the findings as a result of the application of statistical and theoretical models used in financial management methods. | |
| PLO05 | Bilgi - Kuramsal, Olgusal | Creates sufficient knowledge to find a solution to the problems that might arise | |
| PLO06 | Bilgi - Kuramsal, Olgusal | Contributes to the applied business management by following the basic steps of the methods used in finance | 5 |
| PLO07 | Bilgi - Kuramsal, Olgusal | Achieves optimal results using techniques that help to increase the financial efficiency | |
| PLO08 | Bilgi - Kuramsal, Olgusal | Encourages taking responsibility, claiming the lead and working effectively in a team and / or individually. | 4 |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Keeps track of the latest developments in the field as a recognition of the need for lifelong learning and constant renewal | 5 |
| PLO10 | Beceriler - Bilişsel, Uygulamalı | Utilizes scientific sources in the field, collect the data, synthesizes the obtained information and presents the outcomes effectively | |
| PLO11 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Has a good command of Turkish, as well as at least one another foreign language in accordance with the requirements of academic and work life | 4 |
| PLO12 | Yetkinlikler - Öğrenme Yetkinliği | Implements new research methods that will contribute to the development of the finance field | |
| PLO13 | Yetkinlikler - Öğrenme Yetkinliği | Develops new guidelines for the financial managers’ decision making processes by researching on sub-disciplines of the finance field. | 5 |
| PLO14 | Yetkinlikler - Öğrenme Yetkinliği | Designs appropriate financial approaches, applications and methodologies in accordance with the business sector and the market in which they operate | 5 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Concept of Value and Valuation Process | Reading the 1st chapter of Financial Valuation book | Öğretim Yöntemleri: Anlatım, Tartışma, Alıştırma ve Uygulama |
| 2 | Financial Statements and Risk Analysis | Reading the 3rd chapter of Financial Valuation book | Öğretim Yöntemleri: Anlatım, Tartışma, Alıştırma ve Uygulama |
| 3 | Variables Affecting the Value | Reading the 4th chapter of Financial Valuation book | Öğretim Yöntemleri: Anlatım, Tartışma, Alıştırma ve Uygulama |
| 4 | Cash Flow Estimations: Income Approach | Reading the 4th chapter of Financial Valuation book | Öğretim Yöntemleri: Anlatım, Tartışma, Alıştırma ve Uygulama |
| 5 | Cash Flow Estimations: Income Approach-2 | Reading the 4th chapter of Financial Valuation book | Öğretim Yöntemleri: Anlatım, Tartışma, Alıştırma ve Uygulama |
| 6 | Weightend Average Cost of Capital | Reading the 5th chapter of Financial Valuation book | Öğretim Yöntemleri: Anlatım, Tartışma, Alıştırma ve Uygulama |
| 7 | Weightend Average Cost of Capital-2 | Reading the 5th chapter of Financial Valuation book | Öğretim Yöntemleri: Anlatım, Tartışma, Alıştırma ve Uygulama |
| 8 | Mid-Term Exam | Ölçme Yöntemleri: Yazılı Sınav |
|
| 9 | Market Approach in Valuation | Reading the 6th chapter of Financial Valuation book | Öğretim Yöntemleri: Anlatım, Tartışma, Alıştırma ve Uygulama |
| 10 | Market Approach in Valuation-2 | Reading the 6th chapter of Financial Valuation book | Öğretim Yöntemleri: Anlatım, Tartışma, Alıştırma ve Uygulama |
| 11 | Asset Based Approach in Valuation | Reading the 7th chapter of Financial Valuation book | Öğretim Yöntemleri: Anlatım, Tartışma, Alıştırma ve Uygulama |
| 12 | Asset Based Approach in Valuation-2 | Reading the 7th chapter of Financial Valuation book | Öğretim Yöntemleri: Anlatım, Tartışma, Alıştırma ve Uygulama |
| 13 | Reporting Standarts in Valuation | Reading the 9th chapter of Financial Valuation book | Öğretim Yöntemleri: Anlatım, Tartışma, Alıştırma ve Uygulama |
| 14 | Case Studies in Valuation | Case studies | Öğretim Yöntemleri: Anlatım, Tartışma, Alıştırma ve Uygulama |
| 15 | Case Studies in Valuation-2 | Case studies | Öğretim Yöntemleri: Anlatım, Tartışma, Alıştırma ve Uygulama |
| 16 | Term Exams | Ölçme Yöntemleri: Yazılı Sınav |
|
| 17 | Term Exams | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 4 | 56 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 10 | 140 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 2 | 2 |
| Final Exam | 1 | 2 | 2 |
| Total Workload (Hour) | 200 | ||
| Total Workload / 25 (h) | 8,00 | ||
| ECTS | 8 ECTS | ||