30488 - APPLIED VALUATION ANALYSIS FOR MERGERS AND OTHER BUSINESS COMBINATIONS
Department of Accounting
Course taught in English
Go to class group/s: 31
Course Director:
MILES BERNARD GIETZMANN
MILES BERNARD GIETZMANN
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.
Intended Learning Outcomes (ILO)
KNOWLEDGE AND UNDERSTANDING
At the end of the course student will be able to...
how to produce a pro forma valuation for a merger
APPLYING KNOWLEDGE AND UNDERSTANDING
At the end of the course student will be able to...
model complex M&A trnsactions in Excel
Teaching methods
- Face-to-face lectures
- Group assignments
DETAILS
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Assessment methods
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ATTENDING STUDENTS
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NOT ATTENDING STUDENTS
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Teaching materials
ATTENDING STUDENTS
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NOT ATTENDING STUDENTS
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Last change 12/10/2023 10:09