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The different types of discounts and premiums that can be applied to value a
business, and when they are appropriate.
1). Business Valuation Course Reader: This will be uploaded to the course website on a
weekly basis.
2). Valuation: Measuring and Managing the Value of Companies. McKinsey & Company
Inc. Authors: Koller, Goedhart, Wessels. University Edition, 5th Edition. Year 2010. ISBN:
0470424702.
3). Harvard Case Studies: Please order the cases from Harvard website listed below.
Option #1:
http://hbr.org/product/a/an/705449-PDF-ENG?cm_sp=doi-_-case-_-705449-PDFENG&referral=00103
Option #2:
http://hbr.org/search/177-012%25252520/
Case 1
Case 2:
Case 3
Case 4:
Case 5:
Case 6:
Case 7:
Case 8:
Case 9:
Case 10:
calculations (models: HP10B, HP 12C, HP 17B, TI BA II, etc.). Alternatively, you need to
have access to a PC with MS-Excel spreadsheet applications.
Class Expectations
Class participation is important and can favorably affect your grade. Minimum acceptable
participation is regular participations in online discussions and completion of the specific
assignments, including the final exit exam. Selected problems will be assigned.
Course Procedure
You will have assigned reading to be done prior to each class. Between classes you will
practice on the selected assignments and questions. You will also be expected to complete
the final exam as well as the Harvard case study and the individual research project.
Course Evaluations & Grading Policy
The Exam will be combinations of multiple choice and essay questions and problems.
Exam / Participation / Individual
Research Project / Harvard Case
Class Participation / Online Forum
Harvard Case Studies (one case)
Business Valuation Research Project
Final Exam (Comprehensive)
Total
Weight
Grade
Tentative Range
10%
25%
30%
35%
100%
A
AB+
B
BC+
C
CD/F
90 or above
8889
85--87
82--84
80--81
76--79
70--75
66--69
5565; Below 55
Teaching Style
Lectures, discussion, problem solving, homework assignments, individual project.
Incompletes: The interim grade Incomplete may be assigned when a student's work is of
passing quality, but a small portion of the course requirements is incomplete for good cause
(e.g. illness or other serious problem). It is the students responsibility to discuss with the
instructor the possibility of receiving an I grade as opposed to a non-passing grade. The
student is entitled to replace this grade by a passing grade and to receive unit credit
provided they complete the remaining coursework satisfactorily, under the supervision of
and in a time frame determined by the instructor in charge, but in no case later than the end
of the next academic quarter. At that time, the Registrar will cause all remaining
Incompletes to lapse to the grade "F". Note: Receiving an I does not entitle a student to
retake all or any part of the course at a later date.
Student Behavior involving cheating, copying others work, and plagiarism is not tolerated
and will result in disciplinary action. Students are responsible for being familiar with the
information on Student Conduct in the General Information Section of the UCLA Extension
Catalog or on the website at www.uclaextension.edu.
Readings
Week 1
Chapters 1 / 2. Additional
reading materials on the website
Week 2
Week 3
Week 4
Week 5
Week 6
Week 7
Week 8
Week 9
Week 10
Provide a business report (10 pages or less, including cover page, Table of Contents,
Reference; graduate school-level quality) that includes:
o
o
Template for
Fiscal Year Ended
Net Revenue
2Q2011
3Q2011
4Q2011
1Q2012
2Q2012
Industry /
Peers
Gross Margin %
Operating Profit
Net Income
Leverage / Debt Ratio
Net Working Capital
Current ratio
Quick ratio
Inventory turnover
ratio
ROA, ROE, ROI
(Harvard case and the individual research project) are due at the end of the 10th
session, the same time you turn in the final take-home exam. Please see the course
website for sample deliverable for format.
References: Viktoria Dalko & Daniel Deneffe. Business Analysis & Valuation, Course syllabus.
Harvard University.