Corporate Valuation
This course is intended to provide you with the tools to carry out a business valuation using residual income valuation techniques.
We study the actual financial statements of publicly-traded companies in the assignments that we discuss in class. The course combines accounting principles and investment principles to answer the question: How do I account for value so that I can challenge stock prices with some confidence?
This course can be taken as part of the Master in accounting and auditing.
Course content
- Introduction to corporate valuation
- Overview over different valuation methods
- Residual income valuation models
- Valuation and active investing
- Assessment of earnings management
- The role of incentive-useful information for valuation
- Value relevance of accounting information
- Writing a valuation research report
Practical information
Teaching begins in the middle of March. 12 lectures of 2 hours each; learning materials equivalent to one hour of teaching per lecture that can be used independently. Please note that while attendance is not compulsory in all courses, it is the student’s own responsibility to obtain any information provided in class that is not included on itslearning or in the textbook.
See the admission requirements for the master in accounting and auditing (Norwegian).
Group mid-term assignment over a week, usually early in May, and a 3-hour written exam under supervision, usually in the middle of May.
This course is taught in English.
A detailed course description can be found on this link. At the bottom of the course description, you will find a link to the reading list.
The tuition fee is normally charged after the start of the semester. You will find the invoice under My invoice in the student portal.
Financing: The enrolment contract is made with you and not your employer, even if the employer pays for your studies.
See Tuition Fees at BI Norwegian Business School for complete overview.