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Course 2022-2023 a.y.

30488 - APPLIED VALUATION ANALYSIS FOR MERGERS AND OTHER BUSINESS COMBINATIONS

Department of Accounting

Course taught in English

Go to class group/s: 31

BESS-CLES (6 credits - I sem. - OP  |  SECS-P/07)
Course Director:
MILES BERNARD GIETZMANN

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


Lezioni della classe erogate in presenza

Suggested background knowledge

Basic introductory accounting.


Mission & Content Summary
MISSION

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.

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.
Last change 05/12/2022 17:43