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Lecturer(s)
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Kislingerová Eva, prof. Ing. CSc.
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Šmejkal Antonín, Ing. Ph.D.
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Course content
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Lecture topics: 1. Basics for company valuation 2. Time and risk factor 3. Procedure for company valuation - strategic analysis 4. Procedure for company valuation - analysis of financial health 5. Discount rate estimation methods, valuation based on revenue analysis - discounted cash flow method 6. Valuation based on income analysis - methods of capitalized net income and EVA 7. Methods based on market analysis - relative valuation 8. Determining the value of the enterprise as a whole 9. Valuation of a business with a limited perspective 10. Valuation of the concern 11. Valuation abroad, international and European valuation standards Exercises: 1. Introduction to business valuation, the time factor 2. Risk factor, basic legal regulations regarding valuation 3. Business valuation procedures - calculations 4. Methods of estimating the discount rate - calculations 5. Valuation of individual types of property 6. Analysis of valuation methods 7. Determining the value of the enterprise
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Learning activities and teaching methods
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Monologic (reading, lecture, briefing)
- Preparation for credit
- 14 hours per semester
- Preparation for exam
- 56 hours per semester
- Preparation for classes
- 11 hours per semester
- Class attendance
- 31.5 hours per semester
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Learning outcomes
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To provide theoretic basis in the field evaluation of enterprise and property .
Students understand the basic principles of evaluation of enterprise property and company.
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Prerequisites
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There is no prerequisite for the course of Company and property valuation.
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Assessment methods and criteria
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Oral examination
Credit Requirements: Active participation in seminars. Examination Requirements: Written tests and oral part of exam.
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Recommended literature
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Zákon o cenách č. 580/1990 Sb..
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Zákon o oceňování majetku č. 151/97 Sb..
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Zákon o působnosti orgánů v ČR v oblasti cen č. 265/91Sb..
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Zákon o znalcích a tlumočnících č. 36/67 Sb..
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Kislingerová Eva. Oceňování podniku, 2. přepracované a doplněné vydání. Praha, C. H. Beck. 2001.
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KRABEC,T. Oceňování podniku a standardy hodnoty.. Praha, Grada Publishing, 2009. ISBN 978-80-247-2865-0.
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Mařík, M. a kol.:. Metody oceňování podniku pro pokročilé:hlubší pohled na vybrané problémy.. Praha, Ekopress, 2011. ISBN 978-80-86929-80-4.
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Mařík, M. a kol. Metody oceňování podniku. Proces ocenění - základní metody a postupy. Praha: Ekopress, 2011.
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NEUMAIEROVÁ I., NEUMAIER I. Výkonnost a tržní hodnota firmy.. Praha, Grada Publishing, 2006.
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PRATT,S.P.:. Business valuation, discounts and premiums.. Hoboken: John Wiley, 2009. ISBN 978-0-470-37148-0.
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