Modulhandbuch (Module manual)

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M.184.5284 Business Analysis & Valuation
(Business Analysis & Valuation )

Koordinator (coordinator):	Prof. Dr. Sönke Sievers
Ansprechpartner (contact):	Reeyarn Li (reeyarn.li[at]uni-paderborn.de )
Credits:	10 ECTS
Workload:	300 Std (h)
Semesterturnus (semester cycle):	SoSe
Studiensemester (study semester):	1-4
Dauer in Semestern (duration in semesters):	1

Lehrveranstaltungen (courses):
	Nummer / Name (number / title)	Art (type)	Kontaktzeit (contact time)	Selbststudium (self-study)	Status (P/WP) (status)	Gruppengröße (group size)
a)	K.184.52841 / Business Analysis & Valuation		20 Std (h)	120 Std (h)	P	60 TN (PART)
b)	K.184.52842 / Übung Business Analysis & Valuation		20 Std (h)	60 Std (h)	P	60 TN (PART)
c)	K.184.52843 / Repetitorium Business Analysis & Valuation		20 Std (h)	60 Std (h)	P	60 TN (PART)
Wahlmöglichkeiten innerhalb des Moduls (Options within the module):
Keine

Empfohlene Voraussetzungen (prerequisites):
2227: FA 1: Grundlagen des externen Rechnungswesens nach HGB 2228: FA 2: Weiterführende Grundlagen des externen Rechnungswesens nach HGB 2241: Kapitalmarkttheorie 2285: Unternehmensbewertung 2288: Fortgeschrittene Fragestellungen der Unternehmensbewertung

Empfohlene Voraussetzungen (prerequisites):

2227: FA 1: Grundlagen des externen Rechnungswesens nach HGB

2228: FA 2: Weiterführende Grundlagen des externen Rechnungswesens nach HGB

2241: Kapitalmarkttheorie

2285: Unternehmensbewertung

2288: Fortgeschrittene Fragestellungen der Unternehmensbewertung

Inhalte (short description):
The course is conducted as a regular lecture and is supplemented by a weekly coaching program including usually weekly exercises and recitations to provide students with additional support and guidance. It focuses on the measurement, aggregation, and evaluation of economic information to support informed decision-making. This course is theory guided and also applications oriented and focuses on the most salient aspects of accounting and analysis. It will teach students how to read, analyze and interpret financial statements to make informed business decisions by using real company data. Thus, it provides a broad framework for using financial statements and other SEC required regulatory disclosures in business analyses. Emphasis is placed on developing a critical, general manager’s perspective for interpreting required financial disclosures, understanding the types of financial information available in the public domain and their purposes. Based on the core contents regarding profitability and credit risk analysis, revenue, asset and liability recognition, intercorporate entities and issues related to off-balance-sheet financing students will be enabled to forecast financial statements and apply accounting-oriented valuation-methods to evaluate companies, business units and strategic projects. Finally, they will be able to scrutinize the performance and limits of simplifying business valuation models. By the end of the course, students ideally feel competent in writing a credible equity (or credit risk) research report. Further, the student will gain a sense of importance regarding financial statement information for investing in financial securities. The course is of interest to those pursuing careers in investment banking (particularly in equities), security analysis, private equity, consulting, and auditing firms. The module concludes with a final examination at the end of the lecture period.

Inhalte (short description):

The course is conducted as a regular lecture and is supplemented by a weekly coaching program including usually weekly exercises and recitations to provide students with additional support and guidance. It focuses on the measurement, aggregation, and evaluation of economic information to support informed decision-making. This course is theory guided and also applications oriented and focuses on the most salient aspects of accounting and analysis. It will teach students how to read, analyze and interpret financial statements to make informed business decisions by using real company data. Thus, it provides a broad framework for using financial statements and other SEC required regulatory disclosures in business analyses. Emphasis is placed on developing a critical, general manager’s perspective for interpreting required financial disclosures, understanding the types of financial information available in the public domain and their purposes. Based on the core contents regarding profitability and credit risk analysis, revenue, asset and liability recognition, intercorporate entities and issues related to off-balance-sheet financing students will be enabled to forecast financial statements and apply accounting-oriented valuation-methods to evaluate companies, business units and strategic projects. Finally, they will be able to scrutinize the performance and limits of simplifying business valuation models. By the end of the course, students ideally feel competent in writing a credible equity (or credit risk) research report. Further, the student will gain a sense of importance regarding financial statement information for investing in financial securities. The course is of interest to those pursuing careers in investment banking (particularly in equities), security analysis, private equity, consulting, and auditing firms. The module concludes with a final examination at the end of the lecture period.

Lernergebnisse (learning outcomes):

Fachkompetenz Wissen (professional expertise):
Studierende... learn reading, extracting and processing of accounting information for developing an economic perspective of the reporting entity. learn forecasting techniques, analysis of business models and company valuation.
Fachkompetenz Fertigkeit (practical professional and academic skills):
Studierende... know how to identify key accrual accounting schemes to forecast cash flows and other payoffs using externally available accounting information. understand the usefulness and limitations of external financial reporting for business valuation.
Personale Kompetenz / Sozial (individual competences / social skills):
Studierende... independently form study groups and deepen the content of the lecture and recitation.
Personale Kompetenz / Selbstständigkeit (individual competences / ability to perform autonomously):
Studierende... know how to answer related questions regarding business valuation.

Prüfungsleistungen (examinations)
Art der Modulprüfung (type of modul examination): Modulabschlussprüfung
	Art der Prüfung (type of examination)	Umfang (extent)	Gewichtung (weighting)
a)	Klausur	120 Min.	100.00 %

Studienleistung / qualifizierte Teilnahme (module participation requirements)
Nein

Voraussetzungen für die Teilnahme an Prüfungen (formal requirements for participating in examinations)
Keine

Voraussetzungen für die Vergabe von Credits (formal requirements for granting credit points)
Die Vergabe der Credits erfolgt, wenn die Modulnote mindestens „ausreichend“ ist

Gewichtung für Gesamtnote (calculation of overall grade)
Das Modul wird mit der Anzahl seiner Credits gewichtet (Faktor: 1)

Verwendung des Moduls in den Studiengängen (The module can be selected in the following degree programmes)
M.Sc. International Business Studies, M.Sc. Betriebswirtschaftslehre, M.Sc. International Economics and Management, M.Sc. Management Information Systems, M.Sc. Wirtschaftsinformatik, M.Sc. Wirtschaftspädagogik, M. Ed. Wirtschaftspädagogik

Umfang QT (participation requirements):

Lernmaterialien, Literaturangaben (learning material, literature):
Recommended literature, in each case (primarily) the latest edition: • Penman, Stephen: Financial Statement Analysis and Security Valuation, McGraw-Hill • Easton, Peter / McAnally, Mary Lea / Crawford, Steven S. / Sommers, Gregory A: Financial Statement Analysis & Valuation, Cambridge • Erasmus, Pierre / Ernst, Dietmar: International Business Valuation, Konstanz: uvk.

Teilnehmerbegrenzung (participant limit):
Keine

Sonstige Hinweise (additional information):
Teaching language: English

Sonstige Hinweise (additional information):

Teaching language: English

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