This subject provides students with a working knowledge of the issues involved in the valuation of a business, including management of a valuation practice. Fundamental to any valuation is an understanding of the activities of the business and the reasons for undertaking the valuation. These issues are explored before the various valuation methodologies are reviewed.
The valuation process is examined, including due diligence and writing a valuation report. The technical and practical issues involved in valuation are discussed, with a focus on regulatory and tax considerations and special assignments such as acting as an expert witness. Examples from the SME sector through to publicly-listed firms will be considered.
This subject builds on the knowledge obtained in Fundamentals of Asset Valuation (FIN202) and Business Valuation (FIN205) and therefore assumes prior knowledge of valuation methodologies. It focuses on the application of business valuation techniques in the broader context of conducting a valuation assignment rather than focussing on the valuation of particular assets or securities.
This subject contributes to the ICAA Business Valuation Specialisation.