Expertise

  • Credits: 4
  • Ending: Examination
  • Range: 2P + 2C
  • Semester: summer
  • Year: 1
  • Faculty of Business Economics with seat in Košice

Teachers

Included in study programs

Corporate Business and Marketing

Teaching results

The aim of the course is to prepare students for independent practical application of methods and procedures in determining the value of the company. Theoretical and practical knowledge of how to determine the value of the company.

Knowledge:
The position of forensic expertise in the conditions of the Slovak Republic
Professional and methodological basis of forensic expertise in the economic field
Legislative background
Asset valuation methods

Skills:
Determining the general value of the company
Determining the general value of individual components of assets
Forensic assessment procedure

Competences:
Preparation of an expert opinion
Application of the selected method of determining individual types of assets
Valuation of receivables
Application of the EVA method in the conditions of a business entity in the conditions of the Slovak Republic

Indicative content

Lectures:
1. Expertise as a subsystem of forensic engineering, expertise in the Slovak Republic
2.Legal aspects of expert activity
3. Methodology of expert opinion
4. Background and information sources for determining the value of the company
5. Financial plan and expert activity
6. Financial analysis and expert activity
7. Corporate finance and expertise
8. Financial management and expert activity
9. Basic methods of determining the value of the company
10. Revenue methods for determining the value of the company
11. Other methods of determining the value of the enterprise
12. Valuation of financial instruments and financial risks
13. Expert activity of economic expert departments

Seminars:
1. Expertise in the SR
2. Organization of expert activities
3. Expert unions and industries
4. Methodology and procedure of elaboration of expert opinion,
5. Methods of determining the general value of assets
6. Methods of determining the general value of assets
7. Methods of determining the general value of assets
8. Methods of determining the general value of assets
9. Methods of determining the general value of assets
10. Practical examples - elaboration of expert opinions, accounts and expert diary
11. Elaboration of expert opinions, accounts and expert diary
12. Interim evaluation - Presentation of prepared expert opinions
13. Ongoing evaluation - Presentation of prepared expert opinions

Support literature

Basic literature:

1. SCHMIDLIN, Nicolas. The Art of Company Valuation and Financial Statement Analysis: Value Investor's Guide with Real-life Case Studies. Chichester: Wiley, 2014, 250 s. Wiley Finance Series. ISBN 978-1-118-84309-3.
2. PARR, Russell L. Intellectual property: valuation, exploitation, and infringement damages. John Wiley & Sons, 2018. ISBN: 978-1-119-35623-3.
3. MELLEN, Chris M.; EVANS, Frank C. Valuation for M&A: Building and Measuring Private Company Value. John Wiley & Sons, 2018. I SBN: 978-1-119-43738-3.
Supplementary literature:
1. Decree of the Ministry of Justice of the Slovak Republic, which implements Act no. 382/2004 Coll. on Experts, Interpreters and Translators and on Amendments to Certain Acts, as amended.
2. Decree no. 492/2004 Coll. - Decree of the Ministry of Justice of the Slovak Republic on determining the general value of property

Syllabus

Lectures: 1. Expertise as a subsystem of forensic engineering, expertise in the Slovak Republic 2.Legal aspects of expert activity 3. Methodology of expert opinion 4. Background and information sources for determining the value of the company 5. Financial plan and expert activity 6. Financial analysis and expert activity 7. Corporate finance and expertise 8. Financial management and expert activity 9. Basic methods of determining the value of the company 10. Revenue methods for determining the value of the company 11. Other methods of determining the value of the enterprise 12. Valuation of financial instruments and financial risks 13. Expert activity of economic expert departments Seminars: 1. Expertise in the SR 2. Organization of expert activities 3. Expert unions and industries 4. Methodology and procedure of elaboration of expert opinion, 5. Methods of determining the general value of assets 6. Methods of determining the general value of assets 7. Methods of determining the general value of assets 8. Methods of determining the general value of assets 9. Methods of determining the general value of assets 10. Practical examples - elaboration of expert opinions, accounts and expert diary 11. Elaboration of expert opinions, accounts and expert diary 12. Interim evaluation - Presentation of prepared expert opinions 13. Ongoing evaluation - Presentation of prepared expert opinions

Requirements to complete the course

Continuous assessment (semester work in the form of an expert opinion): 40 b (40%)
Final written evaluation (written exam): 60 b (60%)
The minimum number of points for the award of the continuous assessment is 21 points.
If the student does not reach the sum of at least 21 b, he is entitled to a corrective interim evaluation (corrective written interim evaluation in the form of an expert opinion for 40 b from the entire scope of teaching), while the sum of points from the corrective written interim evaluation must be at least 21 b.

Student workload

104 hours in total, of which:
• participation in lectures - 26 hours
• participation in exercises - 26 hours.
• preparation for exercises- 26 hours
• preparation for the written exam - 26 hours

Language whose command is required to complete the course

English

Date of approval: 20.02.2023

Date of the latest change: 14.12.2022