Postgraduate Course: Equity Valuation (CMSE11470)
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 aims to prepare students to analyse the financial performance of firms, to assess their prospects and to estimate their valuation. The course is structured primarily from the point of view of investors and analysts, rather than from a company perspective. |
| Course description |
The course will prepare participants to analyse the financial performance of corporations from around the world, and to show the links between accounting statements, valuation methods and investment analysis. Participants will be comfortable reading financial statements, calculating and understanding accounting ratios, extracting accounting information to make forecasts and valuations. Participants will also gain an understanding of the limitations of financial statements and methods for evaluating the quality of these statements.
Topics covered in this course include the valuation process and models, industry analysis and forecasting, accounting analysis, the market valuation of firms and their corporate governance arrangements.
Student Learning Experience:
Learning will be through developing an intellectual understanding of value creation and the practical skills required to evaluate that. Students will be required to study theoretical models and evidence. The course will try to develop students' interest in the subject and accustom them to monitoring current developments in order to facilitate continued learning after the course.
Tutorial/seminar hours represent the minimum total live hours - online or in-person - a student can expect to receive on this course. These hours may be delivered in tutorial/seminar, lecture, workshop or other interactive whole class or small group format. These live hours may be supplemented by pre-recorded lecture material for students to engage with asynchronously.
|
Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
|
Co-requisites | |
| Prohibited Combinations | |
Other requirements | None |
Course Delivery Information
|
| Academic year 2021/22, Not available to visiting students (SS1)
|
Quota: None |
| Course Start |
Block 4 (Sem 2) |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
100
(
Seminar/Tutorial Hours 10,
Summative Assessment Hours 3,
Programme Level Learning and Teaching Hours 2,
Directed Learning and Independent Learning Hours
85 )
|
| Additional Information (Learning and Teaching) |
Seminar/Tutorial hrs are the min total live hrs, online or in-person, students can expect to receive
|
| Assessment (Further Info) |
Written Exam
100 %,
Coursework
0 %,
Practical Exam
0 %
|
| Additional Information (Assessment) |
100% exam (individual) - assesses all course Learning Outcomes |
| Feedback |
Formative feedback:
Students are strongly encouraged to obtain feedback by asking/answering questions. |
| Exam Information |
| Exam Diet |
Paper Name |
Hours & Minutes |
|
| Main Exam Diet S2 (April/May) | | 3:00 | |
Learning Outcomes
On completion of this course, the student will be able to:
- Understand and critically discuss concepts of: analysis and analysts; strategy and valuation; and analysing accounting.
- Understand and apply skills in practical financial analysis to: financial analysis, forecasting, valuation models and valuation practice.
- Understand and apply financial analysis to advanced topics of analysing debt, corporate restructuring, capital structure and analysing governance.
|
Reading List
Palepu, K.G., Healy, P.M. & Peek, E. (2016): Business Analysis & Valuation: IFRS Edition. Thomson South-Western.
Resource List:
https://eu01.alma.exlibrisgroup.com/leganto/public/44UOE_INST/lists/31908975930002466?auth=SAML |
Additional Information
| Graduate Attributes and Skills |
Cognitive Skills:
The course will develop search, analytical, evaluative and presentational skills.
Subject Specific Skills:
Students will gain an ability to investigate, collect and process evidence, synthesis such evidence and present their conclusions. The focus of the course is on understanding and evaluating firms' creation of value. Students will be introduced to sophisticated valuation models, the detail of analysts reports and will be required to use financial databases and statistical techniques.
|
| Keywords | Not entered |
Contacts
| Course organiser | Dr Ronan Gallagher
Tel: (0131 6)50 8075
Email: Ronan.Gallagher@ed.ac.uk |
Course secretary | Mrs Kelly-Ann De Wet
Tel: (0131 6)50 8071
Email: K.deWet@ed.ac.uk |
|
|
University Homepage