{"ModuleCode":"ACC3614","ModuleTitle":"Valuation","Department":"Accounting","ModuleDescription":"This module equips students with an understanding of the various valuation issues and methodologies available to accountants and managers. It specifically discusses valuation issues pertaining to the enterprise, assets for use, and liabilities. After taking this course, the students should be able to value certain classes of assets and liabilities which are of significant interest and importance to the modern business. Coverage includes fair value and value-in-use concepts, earnings multiple analysis, discounted cash flow analysis and real option analysis.","ModuleCredit":"4","Workload":"3-1-0-3-6","Prerequisite":"FNA2004 or FIN2004","Preclusion":"Students who have passed FNA3126 are not allowed to take ACC3614.","ExamDuration":"P3H","ExamVenue":"LT16","Types":["Module"],"CorsBiddingStats":[{"AcadYear":"2008/2009","Semester":"1","Round":"1A","Group":"Sectional Teaching H1","Quota":"22","Bidders":"2","LowestBid":"21","LowestSuccessfulBid":"1","HighestBid":"300","Faculty":"School Of Business","StudentAcctType":"Returning Students [P]"},{"AcadYear":"2008/2009","Semester":"1","Round":"1B","Group":"Sectional Teaching H1","Quota":"20","Bidders":"0","LowestBid":"0","LowestSuccessfulBid":"0","HighestBid":"0","Faculty":"School Of Business","StudentAcctType":"Returning Students [P]"},{"AcadYear":"2008/2009","Semester":"1","Round":"1C","Group":"Sectional Teaching H1","Quota":"20","Bidders":"0","LowestBid":"0","LowestSuccessfulBid":"0","HighestBid":"0","Faculty":"School Of Business","StudentAcctType":"Returning Students [P]"},{"AcadYear":"2008/2009","Semester":"1","Round":"2A","Group":"Sectional Teaching H1","Quota":"20","Bidders":"0","LowestBid":"0","LowestSuccessfulBid":"0","HighestBid":"0","Faculty":"School Of Business","StudentAcctType":"Returning Students [P]"},{"AcadYear":"2008/2009","Semester":"1","Round":"2B","Group":"Sectional Teaching H1","Quota":"20","Bidders":"0","LowestBid":"0","LowestSuccessfulBid":"0","HighestBid":"0","Faculty":"School Of Business","StudentAcctType":"Returning Students [P]"},{"AcadYear":"2008/2009","Semester":"1","Round":"3A","Group":"Sectional Teaching H1","Quota":"20","Bidders":"14","LowestBid":"2","LowestSuccessfulBid":"1","HighestBid":"2174","Faculty":"School Of Business","StudentAcctType":"NUS Students [P, G]"},{"AcadYear":"2008/2009","Semester":"1","Round":"3B","Group":"Sectional Teaching H1","Quota":"6","Bidders":"5","LowestBid":"1","LowestSuccessfulBid":"1","HighestBid":"1404","Faculty":"School Of Business","StudentAcctType":"NUS Students [P, G]"}],"AcadYear":"2014/2015","History":[{"Semester":1,"ExamDate":"2014-12-02T09:00+0800","Timetable":[{"ClassNo":"G1","LessonType":"Sectional Teaching","WeekText":"Every Week","DayText":"Monday","StartTime":"0900","EndTime":"1200","Venue":"BIZ2-0413C"},{"ClassNo":"G2","LessonType":"Sectional Teaching","WeekText":"Every Week","DayText":"Friday","StartTime":"0900","EndTime":"1200","Venue":"BIZ2-0413C"},{"ClassNo":"G3","LessonType":"Sectional Teaching","WeekText":"Every Week","DayText":"Monday","StartTime":"1300","EndTime":"1600","Venue":"BIZ2-0413B"}],"IVLE":[{"Announcements":null,"Forums":[],"Workbins":[],"Webcasts":[],"Gradebooks":[],"Polls":[],"Multimedia":[],"LessonPlan":[],"ID":"14964d91-8808-4d58-8142-1b6a8ef1dca7","CourseLevel":"1","CourseCode":"ACC3614","CourseName":"VALUATION","CourseDepartment":"","CourseSemester":"Semester 1","CourseAcadYear":"2014/2015","CourseOpenDate":"/Date(1407600000000+0800)/","CourseOpenDate_js":"2014-08-10T00:00:00","CourseCloseDate":"/Date(1417881540000+0800)/","CourseCloseDate_js":"2014-12-06T23:59:00","CourseMC":"0","isActive":"N","Permission":"S","Creator":{"UserID":null,"Name":"Li Yan","Email":null,"Title":null,"UserGuid":"315749a6-b7c8-4afb-b899-ad66bb3d24aa","AccountType":null},"hasGradebookItems":true,"hasTimetableItems":true,"hasGroupsItems":false,"hasClassGroupsForSignUp":false,"hasGuestRosterItems":true,"hasClassRosterItems":false,"hasWeblinkItems":false,"hasLecturerItems":true,"hasDescriptionItems":true,"hasReadingItems":false,"hasAnnouncementItems":false,"hasProjectGroupItems":false,"hasProjectGroupsForSignUp":false,"hasConsultationItems":false,"hasConsultationSlotsForSignUp":false,"hasLessonPlanItems":true,"Badge":0,"BadgeAnnouncement":0,"WebLinks":[],"Lecturers":[{"ID":"e89ae5ce-f8db-474d-9eb4-168281f15c0f","User":{"UserID":null,"Name":"Li Yan","Email":null,"Title":null,"UserGuid":"315749a6-b7c8-4afb-b899-ad66bb3d24aa","AccountType":null},"Role":"Lecturer ","Order":1,"ConsultHrs":null},{"ID":"c9a49ea2-7eeb-41b2-9663-0e628fa63c80","User":{"UserID":null,"Name":"Stephen Lynn","Email":null,"Title":null,"UserGuid":"fa57b345-fe59-48e3-8844-55f11f65f3db","AccountType":null},"Role":"Co-Lecturer ","Order":2,"ConsultHrs":null},{"ID":"f4333968-a925-402e-9672-66049a5f7f41","User":{"UserID":null,"Name":"Wang Qi","Email":null,"Title":null,"UserGuid":"2dade94f-0856-4413-bf95-ea0945377acd","AccountType":null},"Role":"Others ","Order":3,"ConsultHrs":null}],"Descriptions":[{"ID":"e8772bb8-45ef-4b7a-91a8-a2e9a639bc98","Title":"Preclusions","Description":"Students who have passed FNA3126 are not allowed to take ACC3614.","Order":9},{"ID":"901bd8c2-14f7-4065-806b-1ae72f69f769","Title":"Workload","Description":"3-1-0-3-6
Workload Components : A-B-C-D-E \r\n
A: no. of lecture hours per week \r\n
B: no. of tutorial hours per week \r\n
C: no. of lab hours per week \r\n
D: no. of hours for projects, assignments, fieldwork etc per week \r\n
E: no. of hours for preparatory work by a student per week","Order":10}],"ReadingFormatted":[],"ReadingUnformatted":[]}],"Lecturers":["Li Yan","Stephen Lynn"],"LecturePeriods":["Monday Morning","Friday Morning","Monday Afternoon"]},{"Semester":2,"ExamDate":"2015-05-08T09:00+0800","Timetable":[{"ClassNo":"G1","LessonType":"Sectional Teaching","WeekText":"Every Week","DayText":"Thursday","StartTime":"1500","EndTime":"1800","Venue":"BIZ2-0413A"},{"ClassNo":"G2","LessonType":"Sectional Teaching","WeekText":"Every Week","DayText":"Friday","StartTime":"1400","EndTime":"1700","Venue":"BIZ2-0413C"},{"ClassNo":"G3","LessonType":"Sectional Teaching","WeekText":"Every Week","DayText":"Monday","StartTime":"1300","EndTime":"1600","Venue":"BIZ2-0413B"}],"IVLE":[{"Announcements":null,"Forums":[],"Workbins":[],"Webcasts":[],"Gradebooks":[],"Polls":[],"Multimedia":[],"LessonPlan":[],"ID":"729f5a46-3719-4a60-a7af-fca47ad18760","CourseLevel":"1","CourseCode":"ACC3614","CourseName":"VALUATION","CourseDepartment":"","CourseSemester":"Semester 2","CourseAcadYear":"2014/2015","CourseOpenDate":"/Date(1409804340000+0800)/","CourseOpenDate_js":"2014-09-04T12:19:00","CourseCloseDate":"/Date(1431100800000+0800)/","CourseCloseDate_js":"2015-05-09T00:00:00","CourseMC":"0","isActive":"N","Permission":"S","Creator":{"UserID":null,"Name":"Stephen Lynn","Email":null,"Title":null,"UserGuid":"fa57b345-fe59-48e3-8844-55f11f65f3db","AccountType":null},"hasGradebookItems":true,"hasTimetableItems":true,"hasGroupsItems":false,"hasClassGroupsForSignUp":false,"hasGuestRosterItems":false,"hasClassRosterItems":true,"hasWeblinkItems":true,"hasLecturerItems":true,"hasDescriptionItems":true,"hasReadingItems":true,"hasAnnouncementItems":false,"hasProjectGroupItems":false,"hasProjectGroupsForSignUp":false,"hasConsultationItems":false,"hasConsultationSlotsForSignUp":false,"hasLessonPlanItems":true,"Badge":0,"BadgeAnnouncement":0,"WebLinks":[{"ID":"7de5c5a4-bcd6-426c-bd27-286e192109d1","URL":"http://www.asc.gov.sg/2015Volume","Description":"Singapore current FRS","Order":1,"Rating":0,"SiteType":null},{"ID":"5f874094-0f01-4fe3-a4f3-9e42bc48db15","URL":"http://www.aicpa.org/InterestAreas/ForensicAndValuation/Membership/DownloadableDocuments/Intl%20Glossary%20of%20BV%20Terms.pdf","Description":"International Glossary of Business Valuation Terms (from AICPA)","Order":2,"Rating":0,"SiteType":null}],"Lecturers":[{"ID":"57c71594-4a29-4cdf-b8b4-1790e56b8dd0","User":{"UserID":null,"Name":"Stephen Lynn","Email":null,"Title":null,"UserGuid":"fa57b345-fe59-48e3-8844-55f11f65f3db","AccountType":null},"Role":"Lecturer ","Order":1,"ConsultHrs":null}],"Descriptions":[{"ID":"4f535925-0cb4-4658-9d6e-9cf00faece83","Title":"Workload","Description":"0-3-0-4-3
\n
\nWorkload Components : A-B-C-D-E
\nA: no. of lecture hours per week
\nB: no. of tutorial/seminar hours per week
\nC: no. of lab hours per week
\nD: no. of hours for projects, assignments, fieldwork etc per week
\nE: no. of hours for preparatory work by a student per week","Order":2},{"ID":"2e5f053b-8835-4692-be49-41f07234cfff","Title":"Prerequisites","Description":"FIN2004","Order":3},{"ID":"da6bd76e-bdf3-4c21-a022-50778f70f001","Title":"Preclusions","Description":"Students who have passed FNA3126 are not allowed to take ACC3614.","Order":4},{"ID":"3e5f053b-8835-4692-be49-41f07234cfff","Title":"Teaching Modes","Description":"Sectional classes (3 hour sectional classes once a week)","Order":5},{"ID":"adf1bf4b-a038-4215-bbda-785e3da3851c","Title":"Goal","Description":"Financial reporting in Singapore requires many assets and liabilities to be measured at their current value rather than historical cost. When a current market price is not available, current values must be estimated using valuation models.
\n
\nIn this module, we will study a number of standard valuation models allowed by the standards. We will study the models at a beginner to intermediate level.
\n
\nWe will mostly take a preparer viewpoint, that is, we will learn how to value things ourselves given the necessary inputs. But we will also study cases where we have to understand and discuss someone else's valuation.
\n
\nAccountants need both these skills. A company accountant needs them to oversee valuations or do them herself. An auditor needs them when applying SSA545 or SSA540(R) to check that valuations were done properly. ","Order":6},{"ID":"dae087c7-4167-4a6e-8ea1-8e5ea2bf0cd3","Title":"Module Learning Outcomes","Description":"
\n\t\t\t\tAfter successfully completing this module, you will be able to do the following : \n\t\t\t\t
| \n\t\t
\n\t\t\t\tASSESSMENT | \n\t\t
\n\t\t\t\tAssessment is as follows: \n\t\t\t\t \n\t\t\t\t
| \n\t\t
\n\t\t\t\tFinancial Instruments (FRS 39) \n\t\t\t\t1. Bonds -- fixed, floating and convertible \n\t\t\t\t2. Options, including executive stock options (FRS 102) \n\t\t\t\t3. Vanilla interest rate swaps \n\t\t\t\t \n\t\t\t\tEquity valuation \n\t\t\t\t1. Discounted cash flow approaches \n\t\t\t\t2. Equity cost of capital and WACC \n\t\t\t\t3. Relative valuation \n\t\t\t\t \n\t\t\t\tProperty valuation \n\t\t\t\t \n\t\t\t\tPurchase price allocation \n\t\t\t\t \n\t\t\t\tImpairment of goodwill | \n\t\t
\n\t\t\t\tThe week-by-week schedule is on the IVLE lesson plan. \n\t\t\t\t \n\t\t\t\tHere is an outline: \n\t\t\t\t \n\t\t\t\t
| \n\t\t
\n\t\t\t\t \n\t\t\t\t\tYou need either a scientific or a financial calculator for this module, especially for the tests and exams. \n\t\t\t\t\n\t\t\t\t\tYou need a calculator that can do the following in addition to the usual business calculator operations \n\t\t\t\t\n\t\t\t\t\t1. calculate the natural log of a number. \n\t\t\t\t\n\t\t\t\t\t2. calculate the exponent of a number (). \n\t\t\t\t\n\t\t\t\t\t3. calculate powers and roots ( and ). | \n\t\t