Postgraduate Course: Financial Valuation (CMSE11403)
Course Outline
| School | Business School |
College | College of Arts, Humanities and Social Sciences |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Not available to visiting students |
| SCQF Credits | 10 |
ECTS Credits | 5 |
| Summary | The course provides an overview of the valuation of financial assets in the Information age. It is organised in four parts. It first introduces the concept of measurement and how accounting information is used to assess the value of financial instruments. It then distinguishes between relative and absolute methods to determine the value of financial assets. Moving on it delves into a range of tools and techniques. Finally, it covers the role of information and its effect on the dynamic relationship among assets and attitudes and behaviour towards valuation. |
| Course description |
Outline Content
Below are some of the issues that the course covers, these are not specific lecture titles:
The foundations of financial value
Approaches to financial valuation
Data for financial valuation
Discounted cash flow valuation
Narrative and numbers: connecting stories to financial value
Relative financial valuation
Multiples and their right use
Asset based and liquidation value
The value of 'financial' information in the information age
Contingent value
The learning outcomes will be achieved by the information provided in lectures, by the exercises solved in computer-based tutorials, reviewing the bibliographical references and working on individual assignments and group projects.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | None |
Course Delivery Information
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| Academic year 2019/20, Not available to visiting students (SS1)
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Quota: None |
| Course Start |
Semester 1 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
100
(
Lecture Hours 20,
Seminar/Tutorial Hours 9,
Summative Assessment Hours 1,
Programme Level Learning and Teaching Hours 2,
Directed Learning and Independent Learning Hours
68 )
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| Assessment (Further Info) |
Written Exam
40 %,
Coursework
40 %,
Practical Exam
20 %
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| Additional Information (Assessment) |
Written Examination (Individual) - 40%
Report (Group) - 40%
Presentation (Group) - 20% |
| Feedback |
All students will be given at least one formative feedback or feedforward event (individually or as part of a group) for the assessment component in the course in time to be useful in the completion of the summative coursework.
Feedback on formative assessed work will be provided within 15 working days of submission, or in time to be of use in subsequent assessments within the course, whichever is sooner. Summative marks will be returned on a published timetable, which will be made clear to students at the start of the course.
Summative feedback will comprise individual feedback on the course assessment. |
| Exam Information |
| Exam Diet |
Paper Name |
Hours & Minutes |
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| Main Exam Diet S1 (December) | | 1:00 | |
Learning Outcomes
On completion of this course, the student will be able to:
- Understand the objectives and the main characteristics of the foundations of financial value
- Understand and critically assess the results of financial valuation
- Understand and critically discuss the implications for financial valuation in the żinformation eraż
- Understand and critically discuss the objectives and the main characteristics of contingent valuation
- Decide the most suitable valuation technique vis-à-vis the characteristics of the data and the investment objective, and critically evaluate the limitations of the techniques used in financial evaluation
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Reading List
Core textbooks:
Tim Koller, Marc Goedhart, David Wessels. Valuation: Measuring and Managing the Value of Companies (Wiley Finance) 6th Edition
Aswath Damodaran. Investment Valuation: Tools and Techniques for Determining the Value of any Asset, University Edition 3rd Edition
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Additional Information
| Graduate Attributes and Skills |
Applied knowledge, skills and understanding
On completion of the course a student should be able to:
-Use a range of specialised skills, techniques, practices and/or materials
Cognitive Skills
On completion of the course a student should be able to:
-Perform quantitative analyses in accordance with the type of data used
-Plan and execute a significant project of empirical research or investigation
Subject Specific Skills
After completing this course, students should be able to:
-use a range of techniques to determine the value of a financial asset
-interpret and value financial news
-use quantitative and qualitative information to value investment opportunities
-include and consider information relative to 'contingent' assets or circumstances
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| Keywords | Not entered |
Contacts
| Course organiser | Dr Abhishek Srivastav
Tel: (0131 6)51 1067
Email: Abhishek.Srivastav@ed.ac.uk |
Course secretary | Miss Yvonne Stewart
Tel: (0131 6)51 5333
Email: Yvonne.Stewart@ed.ac.uk |
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