Course 2017-2018 a.y.

30488 - APPLIED VALUATION ANALYSIS FOR MERGERS AND OTHER BUSINESS COMBINATIONS


CLEAM - CLEF - CLEACC - CLES-BESS - WBB - BIEF - BIEM - BIG
Department of Accounting

Course taught in English


Go to class group/s: 31

CLEAM (6 credits - I sem. - OP  |  SECS-P/07) - CLEF (6 credits - I sem. - OP  |  SECS-P/07) - CLEACC (6 credits - I sem. - OP  |  SECS-P/07) - CLES-BESS (6 credits - I sem. - OP  |  SECS-P/07) - WBB (6 credits - I sem. - OP  |  SECS-P/07) - BIEF (6 credits - I sem. - OP  |  SECS-P/07) - BIEM (6 credits - I sem. - OP  |  SECS-P/07) - BIG (6 credits - I sem. - OP  |  SECS-P/07)
Course Director:
MILES BERNARD GIETZMANN

Classes: 31 (I sem.)
Instructors:
Class 31: MILES BERNARD GIETZMANN


Course Objectives
To provide students with an understanding of the nature and structure of the disclosures that an acquirer must make when proposing a merger with a target. Particular attention is paid to data that is useful for valuation purposes when trying to appraise a target with a view to developing a target identification methodology.

Course Content Summary
  • Anatomy of a typical merger – mini case study.
  • Overview of Mergers Analysis – methods to identify prospective targets using financial statements.
  • Brief outline of US and European financial reporting requirements FAS 141 and 141R and IFRS 3 so you understand what reports an acquirer has to file with regulators before a new business combination can be approved.
  • Required filings to raising finance to publicly fund transactions.
  • Obtaining a purchase price and creating a Pro Forma Valuation.
  • Special topic on fair values, goodwill and intangibles valuation.
  • Some applied examples.
  • Constructing projections including accretion and dilution.
  • Ex-post analysis of deals.

Textbooks
  • D.C. JETER, P.K. CHANEY, Advanced Accounting, 5th edition.
  • P.M. HEALY, K. PALEPU, E. PEEK, Business Analysis and Valuation.
  • P. PIGNATARO, Mergers, Acquisitions, Divestitures, and Other Restructurings.

Prerequisites
Basic introductory accounting.
Last change 15/06/2017 16:09