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No offerings have been identified for this subject in 2018

ACG503 Business Valuation (8)

Abstract

Accountants in practice are called upon to value a whole business, or part of a business, for transactions between parties when there is no readily observable market value. This issue arises in relation to private companies, unincorporated entities, business restructures, acquisitions and divestments, and the valuation of intangibles such as goodwill and brands. This subject will identify and analyse the valuation models such as cash flow models, earnings-based models and asset-based models.

+ Subject Availability Modes and Location

Continuing students should consult the SAL for current offering details prior to contacting their course coordinator: ACG503
Where differences exist between the handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Subject information

Duration Grading System School:
One sessionHD/FLSchool of Accounting and Finance

Enrolment restrictions

Available to postgraduate students only.

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to identify and critically evaluate the business settings in which valuations are required.
  • be able to apply economic, industry and business analysis to a valuation.
  • be able to defend the theoretical principles underlying valuation methods.
  • be able to identify and justify the appropriate valuation technique for a particular task.
  • be able to apply valuation methods to a variety of valuation problems.
  • be able to forecast cash flow and earnings data suitable for applying valuation methods.
  • be able to prepare a professional valuation report.

Syllabus

The subject will cover the following topics:
  • Review of financial mathematics
  • Financial forecasting techniques
  • Cash flow based valuation methods
  • Earnings based valuation methods
  • Assets based valuation methods
  • Capitalisation rates and multipliers
  • Valuation of intangibles - goodwill and brands
  • Specialised industry valuations
  • Going concern and liquidation values
  • Valuation case study
  • Legal and taxation issues in valuation

Back

The information contained in the 2018 CSU Handbook was accurate at the date of publication: 24 November 2017. The University reserves the right to vary the information at any time without notice.