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Evaluation of Business Cost
Major: Financial Engineering
Code of subject: 6.113.03.E.051
Credits: 4.00
Department: Finance
Lecturer: PhD Kurylo O.B.
Semester: 4 семестр
Mode of study: денна
Завдання: The main tasks of the academic discipline:
– students' awareness of the theoretical foundations of the value nature of the firm;
- formation of criteria for value thinking;
- provision of knowledge about the principles and methods of assessing business value;
– development of specific methods of managing various cost components;
- formation of practical skills in the development of measures to increase
company value
Learning outcomes: - understanding of the economic foundations of the enterprise, the factors shaping its value;
- possession of the legal basis of professional valuation activities, theoretical principles of property and business valuation;
- ability to conduct information and analytical work in various areas, to interpret the results of information analysis;
- possession of economic and financial knowledge to assess the value and justify the value of property of the enterprise and business;
- apply information technology in professional activities;
- ability to justify the choice of approaches and methods for valuation;
- understanding the scope of expert assessment.
Required prior and related subjects: prerequisites:
- economic theory;
- higher and applied mathematics
- statistics;
- finances of enterprises;
co-requisites:
- project management;
- hedging;
- modeling of financial risks
Summary of the subject: The educational discipline "Estimation of business value" will be useful for future specialists of economic specialties who plan to work in the real sector of the economy. Acquiring knowledge about the possibility of estimating the business value will allow the practical application of approaches to the estimation of the business value and the development of measures to minimize it.
Опис: Introduction to business valuation. Basic approaches to determining business value. A cost approach to business valuation. An income approach to business valuation. A comparative approach to business valuation. Assessment of the value of real assets of the business. Appraisal of land plots. Valuation of intangible business assets. Assessment of the value of corporate business rights. Preparation of a report on the assessment of business value. Business cost management. Mechanism of anti-crisis management of business value
Assessment methods and criteria: control carried out during the semester during the conduct
lectures, practical, seminars, is assessed by the sum of points scored
(maximum amount - 100 points; minimum amount - 60 points)
Критерії оцінювання результатів навчання: Evaluation of learning results is carried out using the following main types: current control in practical classes, assessment of independent work of students in classes, credit control
Порядок та критерії виставляння балів та оцінок: 100-88 points - certified with an “excellent” grade - High level: the student demonstrates an in-depth mastery of the conceptual and categorical apparatus of the discipline, systematic knowledge, skills and abilities of their practical application. The mastered knowledge, skills and abilities provide the ability to independently formulate goals and organize learning activities, search and find solutions in non-standard, atypical educational and professional situations. The applicant demonstrates the ability to make generalizations based on critical analysis of factual material, ideas, theories and concepts, to formulate conclusions based on them. His/her activity is based on interest and motivation for self-development, continuous professional development, independent research activities, implemented with the support and guidance of the teacher. 87-71 points - certified with a grade of “good” - Sufficient level: involves mastery of the conceptual and categorical apparatus of the discipline at an advanced level, conscious use of knowledge, skills and abilities to reveal the essence of the issue. Possession of a partially structured set of knowledge provides the ability to apply it in familiar educational and professional situations. Aware of the specifics of tasks and learning situations, the student demonstrates the ability to search for and choose their solution according to the given sample, to argue for the use of a particular method of solving the problem. Their activities are based on interest and motivation for self-development and continuous professional development. 70-50 points - certified with a grade of “satisfactory” - Satisfactory level: outlines the mastery of the conceptual and categorical apparatus of the discipline at the average level, partial awareness of educational and professional tasks, problems and situations, knowledge of ways to solve typical problems and tasks. The applicant demonstrates an average level of skills and abilities to apply knowledge in practice, and solving problems requires assistance, support from a model. The basis of learning activities is situational and heuristic, dominated by motives of duty, unconscious use of opportunities for self-development. 49-00 points - certified with a grade of “unsatisfactory” - Unsatisfactory level: indicates an elementary mastery of the conceptual and categorical apparatus of the discipline, a general understanding of the content of the educational material, partial use of knowledge, skills and abilities. The basis of learning activities is situational and pragmatic interest.
Recommended books: 1. Vozna M. International assessment standards: principles, standards and rules / edited by O. Drapiovskyi, I. Ivanova; trans. from English M. Vozna. Kyiv: UKRels, 2019. 118 p
2. Business management: textbook [Electronic edition]/ K.E. Orlova. – Zhytomyr: Zhytomyr Polytechnic State University, 2019. - 319
3. Kirichenko G.V. Basic approaches to cost estimation and the possibility of their application at transport enterprises.
Management and entrepreneurship in Ukraine: stages of formation and development problems, 2019. No. 1. P. 14-23.
4. Grosul V. A., Zubkov S. O. Methodical tools for assessing the competitiveness of the business model of a trading enterprise. Business-inform, 2017. No. 10. P. 252-258.
5. Vasyuk N. V. Business valuation as a tool for enterprise cost management. URL: http://www.economy.nayka.com.ua/?op=1&z=3185
6. Babii O. M., Malyshko V. S., Pudycheva G. O. Enterprise cost management: Training manual. Odesa: ONEU, rotaprint, 2016. 207 p.
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