Course aims:

to make students acquire theoretical knowledge regarding property and businesses valuation
the formation and development of practical skills on the application of evaluation methods appropriate categories of asset components of the enterprise and the enterprise as a whole.
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Course Entry Requirements:

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Course contents:

1. Defining concepts of valuation; Types of valuations; Moments valuation of properties and businesses; The relationship value, price, cost; Basis of Value; Market value, Investment value, Fair value, Special Value, Synergistic Value, Forced Sales, Definition and valuation stages 2. Diagnosis enterprise Defining the need and role of diagnosis in the valuation; Strategic diagnosis of the enterprise; Legal diagnosis; Technical diagnosis; Diagnosis and management of human resources; Commercial diagnosis; Diagnosis accounting 3. The issue of valuation property. The issue of valuation of intangible assets: Definition of intangible assets; Classification of intangible assets; Intangible asset valuation methods; Considerations regarding the evaluation of specific intangible assets; 4. The issue of valuation of tangible assets: Land valuation; Valuation of buildings; Valuation of fixed assets by type of technological equipment, machinery and equipment for measurement, control and adjustment; transportation; Furniture and office equipment; Assets under valuation; Evaluation of financial assets; Rating Current assets: Measurement of inventories; Valuation of receivables; Valuation of reserves; Assessing deferred income. Valuation of debt 5. Approaches valuation of businesses: Income-based approach in business valuation Market comparison approach Asset-based approach to business valuation

Teaching methods:

Lecture, conversation, exemplification.

Learning outcomes:

•Knowledge and understanding of the fundamental concepts, theories, and methods in the field of bussines valuations; their adequateuse in professional communication; •Use of fundamental knowledge in order to identify similarities and differences between accounting, the economic and administrative valuation, to par identify strengths and weaknesses in the application of a certain type of diagnostic company, identify the advantages and disadvantages of evaluation methods practiced for business valuation and for different categories of assets and liabilities within it.

Learning outcomes verification and assessment criteria:

Written exam – 60%; verification during semester – 40%.

Recommended reading:

xxx, International Valuation Standards, IVSC (International Valuation Standards Council), 2019,
xxx, BUSINESS VALUATION MANAGEMENT, The Institute of Cost and Works Accountants of India, 2010,
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