Business Valuation

Singapore University of Social Sciences

Business Valuation (ACC408)

Synopsis

ACC408 Business Valuation is a course that provide students with working knowledge of the building blocks of business valuation. It is designed to link the theory surrounding business valuation to the practical application in the marketplace. In this course, students will learn of the development of the profession, the role that business valuation plays in the financial and corporate arena and the International Valuation Standards (IVS) issued by the International Valuation Standards Council (IVSC), the global valuation standards setter. Anchoring on the IVS, students will be equipped with practical skills relating to valuation principles, process, approaches, methods, parameters as well as the contents expected of a valuation report in compliance with IVS, amongst others. Embedded in the course is a detailed study of the application of various valuation techniques commonly used to determine asset, enterprise and equity value for transactions and financial reporting purposes. The course will also address the issues and challenges encountered by valuers when performing business valuation on both private and public listed entities. Students will also explore the role, competencies, behaviour and conduct of valuers in the marketplace.

Level: 4
Credit Units: 5
Presentation Pattern: Every January

Topics

The Valuation Landscape, Standards & Guidelines
The Valuation Concept & Principles, Standard & Premise, and Context
Competencies, Role and Behaviour of Professional Business Valuer
The IVS, Valuation Process & Report
Valuation Approach & Application – The Market Approach
Valuation Approach & Application – The Asset Based Approach
Valuation Approach & Application – The Income Approach
Valuation Issues & Challenges
Valuation For Mergers & Acquisitions
Cases relating to Valuation of Public listed and Private companies
Valuation For Financial Reporting (Purchase Price Allocation)
Valuation For Financial Reporting (Intangible Assets and Impairment)

Learning Outcome

Discuss the business valuation landscape and the future developments.
Examine and adopt a valuation process which is acceptable in a transactional and / or financial reporting environment.
Examine and adopt the best practices in preparing prospective financial information.
Distinguish between corporate and share market valuations, open market, and notional valuation; and valuing business and equity.
Examine the securities and exchange regulations and the circumstances in which business valuation may be required.
Examine the technical and practical issues pertaining to the valuation of public listed and private companies.
Examine the purchase price allocation process and apply valuation approaches and methodologies to value intangible assets and for impairment testing purpose.
Examine and apply the IVS applicable to business valuation for transactions and financial reporting.
Appraise the subject of valuation through the application of the various valuation approaches / methodologies commonly used by practitioners and ar