BUSINESS VALUATION & PROJECT FINANCIAL ANALYSIS (3 SCU)

Learning Outcomes :

(I) Upon succesful completion of this course, students are expected to be able to explain and interpret basic concept of valuation; to apply and compare different appropriate approaches to valuation: Income Approaches, Discounted Cash Flow Valuation, Relative Valuation and Contingent Claim Valuation; to construct and propose variety of business valuation: stocks, firms/businesses (publicly and private), division, intangibles and real estate valuation; and to demonstrate a working knowledge as corporate financial consultant and underwriter profession in financial institution (capital market). (II) students are expected to be able explain and interpret the basic knowledge and the usefulness of project financing; apply and compare the suitable project financing techniques used in real problems/cases; to use spreadsheet to give relevant information to users effectively; to demonstrate a practical knowledge as investment bankers providing consultancy to company and/or as senior financial officers working on project financing; to create and design the suitable project financing strategy and solution to practical financial issue; and to display creative thinking skills to construct and propose best alternative project financing solutions to practical financial issues.

Topics:

(I) Valuation is an essential tool for corporate finance executives. This course discusses about how to do a business valuation – the valuation of stocks, businesses, intangibles and real assets. It focuses on the various methodologies, aspects and considerations on valuing businesses that are publicly traded and private – both at the corporate or divisional levels. It discusses several approaches to valuation namely: Income Approaches, Discounted Cash Flow, Relative and Contingent Claim Valuation. This course also discusses about the recent market trends, focusing on the Indonesian context that in turn will support students in investment decision making based on business valuation.