VŠTE:NZ_OCP_2 Oceňování podniku II - Course Information

NZ_OCP_2 Oceňování podniku II

Extent and Intensity

2/2/0. 5 credit(s). Type of Completion: zk (examination).

Teacher(s)

Ing. Tomáš Krulický, MBA, PhD. (seminar tutor)
Ing. Veronika Šanderová, MSc. (seminar tutor)

Guaranteed by

Ing. Tomáš Krulický, MBA, PhD.
School of Expertness and Valuation – Rector – Institute of Technology and Business in České Budějovice
Supplier department: Department of Corporate Finances – Deputy Director of Department for Research, Development and Creative Activity – School of Expertness and Valuation – Rector – Institute of Technology and Business in České Budějovice

Prerequisites (in Czech)

NZ_OCP_1 Business valuation

Course Enrolment Limitations

The course is also offered to the students of the fields other than those the course is directly associated with.

fields of study / plans the course is directly associated with

• Expertness (programme VŠTE, N_ZN) (2)

Course objectives supported by learning outcomes

The aim of the course is to provide students with knowledge of market and equity methods of business valuation.

Learning outcomes

Upon successful completion of the course, the student will:
Valuate a business using market methods of business valuation.
Students will value a business using equity methods of business valuation.

Syllabus

• Lectures:
• 1. Business valuation based on market analysis
• 2. Valuation based on market capitalization
• 3. Valuation based on comparable companies
• 4. Valuation based on data on listed companies
• 5. Valuation based on comparable transactions
• 6. Valuation based on industry multiples
• 7. Valuation based on asset analysis
• 8. carrying amount of equity on a historical cost basis
• 9. intrinsic value on a replacement cost basis
• 10. Substantial value at cost
• 11. salvage value
• 12. Equity valuation on a market value basis I
• 13. Combined methods and their principles
• Seminars:
• 1. Business valuation based on market analysis - selection of a method
• 2. Valuation based on market capitalization
• 3. Valuation based on comparable companies
• 4. Valuation based on data on listed companies
• 5. Valuation based on comparable transactions
• 6. Valuation based on industry multiples
• 7. Valuation based on asset analysis - choice of method
• 8. carrying amount of equity on a historical cost basis
• 9. Replacement cost basis
• 10. Substantial value at cost
• 11. salvage value
• 12. Equity valuation on a market value basis I
• 13. Combined methods and their principles

Literature

required literature
• BREALEY, R. A., S. C. MYERS a F. ALLEN, 2014. Teorie a praxe firemních financí. Brno: BizBooks. ISBN 978-80-265-0028-5.
• MAŘÍK, M. a kol., 2018. Metody oceňování podniku pro pokročilé: hlubší pohled na vybrané problémy. Praha: Ekopress. ISBN 978-80-87865-42-2.
• MAŘÍK, M. a kol., 2011. Metody oceňování podniku – proces ocenění, základní metody a postupy. Praha: Ekopress. ISBN 978-80-86929-67-5.
• DAMODARAN, A., 2012. Damodaran on Valuation. Hoboken: John Wiley & Sons. ISBN 978-04-7175-121-2.
• KISLINGEROVÁ, E., 2001. Oceňování podniku. Praha: C.H. Beck. ISBN 978-80-71795-29-2.

recommended literature
• KOLLER, T. a kol., 2015. Valuation: Measuring and Managing the Value of Companies. Hoboken: John Wiley & Sons. ISBN 978-11-1887-373-1.
• ZIMA, P., 2016. Oceňování podniků v právní praxi. Praha: C.H. Beck. ISBN 978-80-7400-623-4.
• HÁLEK, V., 2009. Oceňování majetku v praxi. Bratislava: DonauMedia. ISBN 978-80-89364-29-9.
• KRABEC, T., 2009. Oceňování podniku a standardy hodnoty. Praha: Grada. ISBN 978-80-247-2865-0.
• KRABEC, T., 2015. Oceňování a prodej privátní zubní a lékařské praxe. Praha: Grada. ISBN 978-80-247-4866-5.

Forms of Teaching

Lecture
Seminar
Tutorial

Teaching Methods

Frontal Teaching
Group Teaching - Cooperation
Brainstorming
Critical Thinking
Individual Work– Individual or Individualized Activity

Student Workload

Activities	Number of Hours of Study Workload
	Daily Study	Combined Study
Cvičný znalecký posudek (in Czech)	33	33
Preparation for Seminars, Exercises, Tutorial	11	31
Příprava na ústní zkoušku (in Czech)	32	48
Ústní zkouška (in Czech)	2	2
Attendance on Lectures	26
Attendance on Seminars/Exercises/Tutorial/Excursion	26	16
Total:	130	130

Assessment Methods and Assesment Rate

Exam – oral 50 %
expert opinion 50 %

Exam conditions

For successful completion of the course it is necessary to achieve the sum of a minimum of 70% in the interim and final assessments under the conditions set out below.

Overall course classification, i.e. points for the mock expert opinion (50 - 0) + points from the oral examination (50 - 0): A 100 - 90, B 89.99 - 84, C 83.99 - 77, D 76.99 - 73, E 72.99 - 70, FX 69.99 - 30, F 29.99 - 0.

A full-time student is required to meet the mandatory 70% attendance in contact classes, i.e. everything except lectures. If attendance is not met, the student will automatically be graded "-"

Language of instruction

Czech

Teacher's information

Students with an Individual Study Plan (ISP) are obliged to contact the teacher no later than in the first week of the semester or immediately after its approval with a request to arrange the teaching system and the end of the course, in case the student fails to do so, his/her ISP will not be taken into account. If they have any questions, they may contact the curriculum co-counselor via email at krulicky@mail.vstecb.cz.

• Enrolment Statistics (winter 2024, recent)
  
• Permalink: https://is.vstecb.cz/course/vste/winter2024/NZ_OCP_2