Handbook home
Essentials of Corporate Valuation (FNCE30011)
Undergraduate level 3Points: 12.5Dual-Delivery (Parkville)
From 2023 most subjects will be taught on campus only with flexible options limited to a select number of postgraduate programs and individual subjects.
To learn more, visit COVID-19 course and subject delivery.
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Semester 1
John Handley: handleyj@unimelb.edu.au
Overview
Availability | Semester 1 - Dual-Delivery |
---|---|
Fees | Look up fees |
This subject examines the key concepts and methodologies used in the valuation of corporations and other business interests including stand‐alone projects, joint ventures and private equity. Topics include: cashflow‐based approaches, multiples‐based approaches, forecasting cashflows and earnings, estimating discount rates, adjustments for leverage, adjustments for imputation, the valuation of franking credits, adjustments for flexibility, valuation by replication, valuation in the digital economy. There will be an extensive use of real‐world examples and cases throughout the course.
Intended learning outcomes
On successful completion of this subject a student should be able to:
- Identify and explain the role of valuation in the economy
- Understand and apply cashflow-based valuation methods
- Understand and apply multiples-based valuation methods
- Analyse and interpret discount rates and earnings multiples
- Demonstrate and explain how to properly account for leverage and flexibility
- Examine the impact of imputation on alternative valuation methods
- Apply the principle of replication to value complex financial securities
- Critically evaluate the use of alternative valuation methods in the digital economy
Generic skills
- High level of development: written communication; problem solving; application of theory to practice;
critical thinking; interpretation and analysis; evaluation of data and other information - Moderate level of development: collaborative learning; statistical reasoning and analysis; synthesis of
data and other information; use of computer software; accessing data and other information from a
range of sources
Last updated: 31 January 2024
Eligibility and requirements
Prerequisites
One of
Code | Name | Teaching period | Credit Points |
---|---|---|---|
FNCE20005 | Corporate Financial Decision Making |
Semester 1 (Dual-Delivery - Parkville)
Summer Term (Online)
Semester 2 (Dual-Delivery - Parkville)
|
12.5 |
FNCE20001 Business Finance
AND
One of
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ECOM20001 | Econometrics 1 |
Semester 1 (Dual-Delivery - Parkville)
Semester 2 (Dual-Delivery - Parkville)
|
12.5 |
ECON20003 | Quantitative Methods 2 |
Semester 1 (Dual-Delivery - Parkville)
Summer Term (Online)
Semester 2 (Dual-Delivery - Parkville)
|
12.5 |
MAST20004 | Probability |
Semester 1 (Dual-Delivery - Parkville)
Semester 2 (Dual-Delivery - Parkville)
|
12.5 |
MAST20005 | Statistics |
Summer Term (Dual-Delivery - Parkville)
Semester 2 (Dual-Delivery - Parkville)
|
12.5 |
MAST20006 | Probability for Statistics | Semester 1 (Dual-Delivery - Parkville) |
12.5 |
MAST20018 | Discrete Maths and Operations Research | Semester 2 (Dual-Delivery - Parkville) |
12.5 |
MAST20029 | Engineering Mathematics |
Summer Term (Dual-Delivery - Parkville)
Semester 2 (Dual-Delivery - Parkville)
Semester 1 (Dual-Delivery - Parkville)
|
12.5 |
Corequisites
None
Non-allowed subjects
None
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 31 January 2024
Assessment
Description | Timing | Percentage |
---|---|---|
Take Home Exam
| From Week 4 to Week 6 | 10% |
Group assignment (in groups of 3 students)
| From Week 8 to Week 10 | 25% |
End-of-semester examination
| During the examination period | 65% |
Last updated: 31 January 2024
Dates & times
- Semester 1
Principal coordinator John Handley Mode of delivery Dual-Delivery (Parkville) Contact hours One 3‐hour seminar per week Total time commitment 170 hours Teaching period 28 February 2022 to 29 May 2022 Last self-enrol date 11 March 2022 Census date 31 March 2022 Last date to withdraw without fail 6 May 2022 Assessment period ends 24 June 2022 Semester 1 contact information
John Handley: handleyj@unimelb.edu.au
Last updated: 31 January 2024
Further information
- Texts
Prescribed texts
You will be advised of prescribed texts by the subject coordinator
- Breadth options
This subject is available as breadth in the following courses:
- Bachelor of Arts
- Bachelor of Biomedicine
- Bachelor of Fine Arts (Acting)
- Bachelor of Fine Arts (Animation)
- Bachelor of Fine Arts (Dance)
- Bachelor of Fine Arts (Film and Television)
- Bachelor of Fine Arts (Music Theatre)
- Bachelor of Fine Arts (Production)
- Bachelor of Fine Arts (Screenwriting)
- Bachelor of Fine Arts (Theatre)
- Bachelor of Fine Arts (Visual Art)
- Bachelor of Music
- Bachelor of Science
- Available to Study Abroad and/or Study Exchange Students
This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.
Last updated: 31 January 2024