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Course Objectives FINM7044 Applied Valuation
Semester 1, 2015
Instructor: Dr Xianming Zhou E‐mail: xianming.zhou@anu.edu.au Consultation hours: Thursday 2‐4pm Tutors Jan Drienkou (jan.drienko@anu.edu.au) Xiang Gao (xiang.gao@anu.edu.au)
The purpose of this course is to offer students an applicationoriented approach to understanding how concepts and theories of finance are applied to investment decisions. Students will learn to value corporate entities using various techniques, including discounted cash flow and multiple based valuations. The methods and analytical techniques discussed in this course are heavily used in practice, which are helpful not only to financial managers in modern corporations but also to investors in financial markets.

Introduction 2

Textbook and Course Materials
 Prescribed textbook: Damodaran, A. (2012), Investment Valuation, Wiley & Sons (3rd University edition)  Lecture notes: available on the course Wattle site  Valuation cases: Darden Business School cases to be distributed in class  Recommended reading: Ross, S., Westerfield, R., and Jaffe, J., (2013) Corporate Finance. McGraw-Hill (10th edition) (RWJ)

Study Groups
 All assignments and case reports are group-based.  Form your study team by the end of week 2, each consisting 4 to 6 students.  Students attendance is required for case discussions. A 2% penalty applies to each absence.  At the conclusion of this course, each student will submit a confidential assessment of each group member’s overall contribution to the group’s work and performance.

Introduction 3

Introduction 4

Course Assessment
 Assessment Summary
Two assignments: Two case reports: Final exam: 30% 30% 40%

Course Assessment
 Usual Grade Distribution
High Distinction (HD) Distinction (D) Credit (CR) Pass (P) Fail (N) 80 – 100 70 – 79 60 – 69 50 – 59 0 – 49

 Scaling

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