On completion of the course the students will be able to:

1. demonstrate understanding of how to create integrated financial models
2. demonstrate different valuation methods and describe when and how these should be applied

3. apply different valuation techniques based on financial information
4. seek and analyze relevant information and input data to form the basis of valuation reports
5. interpret and justify the assumptions underlying valuation reports

6. criticize and analyze the plausibility of various valuation assumptions in the valuation reports

The course extends Corporate Finance knowledge from valuation from a portfolio perspective all the way to individual asset valuation as well as valuation of non-listed assets. Important areas are the applications of varying advanced valuation models in both an individual as in a portfolio framework.

Lectures and written assignments.

The teaching is conducted in English.

60 credits in Business Administration including basic courses in Corporate Finance, Financial Planning (or the equivalent).

The course is graded A, B, C, D, E, FX or F.

Individual written exam (ILOs: 1, 2, 3 and 6) representing 5 credits.
Group assignment (ILOs: 3, 4, 5 and 6) representing 2,5 credits.

Name of the Test	Value	Grading
Examination1,2	7.5 credits	A/B/C/D/E/FX/F

¹ Determines the final grade of the course, which is issued only when all course units have been passed.
² Registration of examination: All parts of compulsory examination in the course must be passed with a passing grade (A-E) before a final grade can be set. The final grade of the course is determined by the sum total of points for all parts of examination in the course (0-100 points). Grade is set in accordance to JIBS grading policy.

It is the responsibility of the examiner to ensure that each course is evaluated. There must be course evaluators identified among the students. The evaluation is carried out continuously as well as at the end of the course, through a survey. After the course the course Examiner meets with student evaluators to discuss the survey results and possible improvements. A summary report is also created. The report is followed up by program directors and discussed with faculty and relevant others (e.g. Associate Dean of Education, Associate Dean of faculty, Director of PhD Candidates, Dean, or Director of Studies). The next time the course runs, students should be informed of any measures taken to improve the course based on the previous course evaluation.

Academic integrity

JIBS students are expected to maintain a strong academic integrity. This implies to behave within the boundaries of academic rules and expectations relating to all types of teaching and examination.

Copying someone else’s work is a particularly serious offence and can lead to disciplinary action. When you copy someone else’s work, you are plagiarizing. You must not copy sections of work (such as paragraphs, diagrams, tables and words) from any other person, including another student or any other author. Cutting and pasting is a clear example of plagiarism. There is a workshop and online resources to assist you in not plagiarizing called the Interactive Anti-Plagiarism Guide.

Other forms of breaking academic integrity include (but are not limited to) adding your name to a project you did not work on (or allowing someone to add their name), cheating on an examination, helping other students to cheat and submitting other students work as your own, and using non-allowed electronic equipment during an examination. All of these make you liable to disciplinary action.

• Damodaran A. Investment Valuation - Tools and Techniques for Determining the Value of Any Asset ISBN 9780471414889