28C00500 - Capstone: Valuation, Lecture, 27.2.2024-16.4.2024

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Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.

LEARNING OUTCOMES

After completing this course a student should understand how corporate strategy and operations are linked to corporate valuation, how to select the right valuation model for the task at hand, how to standardize financial statements, forecast financial statements in a spreadsheet program, and perform actual valuation. The student should also be able to fluently interpret, discuss, present, and understand the limitations of valuation results for strategic decision making.

Credits: 6

Schedule: 27.02.2024 - 16.04.2024

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Elias Rantapuska, Maryam Nozari

Contact information for the course (applies in this implementation):

CEFR level (valid for whole curriculum period):

Language of instruction and studies (applies in this implementation):

Teaching language: English. Languages of study attainment: English

CONTENT, ASSESSMENT AND WORKLOAD

Content

  • valid for whole curriculum period:

    Basic concepts of valuation, corporate strategy and operations as a source of value, interpreting and standardizing financial statements, forecasting financial statements, valuation models, empirical issues and special cases in valuation. Case exercises apply all of this knowledge to real-life valuation cases.

Assessment Methods and Criteria

  • valid for whole curriculum period:

    Cases and presentation of a case (35%)
    Final valuation group project and its presentation (35%)
    Exam (30%)

Workload

  • valid for whole curriculum period:

    Lectures, student-led case sessions, and group valuation project presentation 32 h
    Independent work 125 h
    Exam 3 h

DETAILS

Study Material

  • valid for whole curriculum period:

    Palepu Krishna G., Paul M. Healy and Erik Peek: Business Analysis and Valuation - IFRS edition, 6th ed. (Textbook, required reading; earlier 4th and 5th editions can also be used)

Substitutes for Courses
Prerequisites

FURTHER INFORMATION

Further Information

  • valid for whole curriculum period:

    Teaching Language : English

    Teaching Period : 2022-2023 Spring IV
    2023-2024 Spring IV

    Enrollment :

    The course is offered to BIZ students only. A maximum of 75 students will be accepted to the course. Students of Aalto Finance B.Sc. Programme and exchange students with Finance specialization at their home university will be admitted to the course. Students re-taking the course (grade already registered) will not be prioritized and can participate only if there are places remaining.

    All admitted students must have completed the pre-requisites to be able to fluently complete the course.

Rules of Conduct - Students´ Rights and Responsibilities (in force from 1 August 2020)

Aalto University Code of Academic Integrity and Handling Violations Thereof