Course detail

Rating and Valuation

FP-FropPAcad. year: 2014/2015

Content of the course is to present students models of reliability assessment and business approaches to determining the value of the company. To familiarize students with the procedures for determining the value of the company. Focus on strategic analysis of the company, particularly in terms of identification of carriers value. Practice methods of making financial plan and create a model for PC. Present and apply methods for determining the value of the company.

Language of instruction

Czech

Number of ECTS credits

Mode of study

Not applicable.

Guarantor

prof. Ing. Mária Režňáková, CSc.

Department

Institute of Finances (ÚF)

Learning outcomes of the course unit

After completing the course, a student will be able to:
- differentiate between rating types and use the theoretical background for determining the solvency of a company,
- apply the basic models of determining the solvency of a company,
- to choose between methods of determining the value of a company in view of the purpose of the valuation.

Prerequisites

The course may only be taken after completing the Financial Management cours.

Co-requisites

Not applicable.

Planned learning activities and teaching methods

The course contains lectures that explain principles, decisions problems and methodology of the discipline, and exercises that promote the practical knowledge of the subject presented in the lectures.

Assesment methods and criteria linked to learning outcomes

The students will be graded according to the results of their work at workshops and of the final exam.

Course curriculum

1. Investment and business rating. Rating companies. Models of determining the solvency of a company.
2. Methodological approach to determining the rating and value of a company.
3. Methods of determining the value of a company.
4. Strategic analysis for determining the value of a company. Financial plan for determining the value of a company.
5. Discount rate for determining the value of a company.

Work placements

Not applicable.

Aims

The aim is to provide a systematic view of the enterprise and factors of business value. Present methods of strategic analysis of the company that is starting a credit rating company. Systematically present methods of determining the value of the company and use their assumptions.

Specification of controlled education, way of implementation and compensation for absences

The students’ progress will be tested at the workshops. Missed lessons may be made up for as decided by the teacher leading the workshop.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

MAŘÍK, M. a kol. Metody oceňování podniku:proces ocenění,základní metody a postupy. 2018, 551 s.. Praha: Ekopress, ISBN 978-80-87865-38-5. (CS)
VINŠ, P. a LIŠKA, V. Rating. Praha: C.H.Beck, 2005. ISBN 80-7179-807-X. (CS)

Recommended reading

Not applicable.

Classification of course in study plans

  • Programme MGR Master's

    branch MGR-UFRP , 2 year of study, summer semester, compulsory

Type of course unit

 

Lecture

10 hod., optionally

Teacher / Lecturer

prof. Ing. Mária Režňáková, CSc.

Syllabus

1. Investment and business rating. Rating companies.
2. Models of determining the solvency of a company. Methods of determining the value of a company.
3. Methodological approach to determining the rating and value of a company.
4. Strategic analysis for determining the value of a company.
5. Financial plan for determining the value of a company.
6. Discount rate for determining the value of a company.

Exercise

20 hod., compulsory

Teacher / Lecturer

doc. Ing. Michal Karas, Ph.D.

Syllabus

Testování predikční schopnosti finančně-poměrových ukazatelů
Případová studia: Kompletní ocenění konkrétního podniku:
- strategická analýza externího okolí, určení atraktivity odvětví a potenciálu růstu podniku
- strategická analýza růstového potenciálu podniku
- finanční analýza podniku
- genrátory hodnoty a jejich prognóza
- předběžné ocenění podniku na základě generátorů hodnoty
- finanční plán
- ocenění metodou diskontovaného cash flow
- syntéza, diskuse
Zpracování návrhu ocenění konkrétního podniku ve dvojicích.