545-0068/01 – Property Valuation (OCM)
| Gurantor department | Department of Economics and Control Systems | Credits | 5 |
| Subject guarantor | prof. Ing. Jaroslav Dvořáček, CSc. | Subject version guarantor | doc. Dr.Ing. Jaromír Lazar |
| Study level | undergraduate or graduate | Requirement | Compulsory |
| Year | 1 | Semester | summer |
| | Study language | Czech |
| Year of introduction | 2010/2011 | Year of cancellation | 2013/2014 |
| Intended for the faculties | HGF | Intended for study types | Follow-up Master |
Subject aims expressed by acquired skills and competences
The aim of this course is to acquaint students with the most commonly used methods of valuing different types of assets and business as a whole and learn the students most common use of these methods.
Students apply what you learned at the appropriate examples.
The result is the ability to fully focus on the issue.
Achieved knowledge and skills are the basis for further self-education in the field of work with methods of valuing or forensic expert estimator.
Teaching methods
Lectures
Tutorials
Summary
The course is organized into four units, with a focus on general concepts and methods of valuation, the valuation of real property, securities and business. They are presented here as specific examples of pricing structures and the land market and the official procedure.
The course provides students with solutions to their own solo work and become a guideline for orientation in professional publications focused on the issue of valuation of assets.
Compulsory literature:
Recommended literature:
GRÜNINGER, M. WACC Calculations in Practice Incorrect Results due to Inconsistent Assumptions - Status Quo and Improvements. Accounting and Finance Research, Published by Sciedu Press Vol. 2, No. 2; 2013. ISSN 1927-5986
Way of continuous check of knowledge in the course of semester
Regular feedback on the progress of knowledge during the current term is provided by seminar works, semester projects, and knowledge checks.
E-learning
Other requirements
Semester work processing in the field of the methods of valuation of assets.
Prerequisities
Subject has no prerequisities.
Co-requisities
Subject has no co-requisities.
Subject syllabus:
1. Introduction to the theory of valuation
The terms property valuation, the difference between value and price of assets, market value
2. Valuation of movable and immovable property
The concepts of property
Part of the property and accessories
Records of property in the CR
Documents for the valuation of real estate
3. Valuation of land
Types of land, division of land according to the method of valuation,
Factors affecting the price of land
4. Valuation of mineral deposits
Types of bearings, its methods of valuation
Factors affecting the price of mineral deposits
5. Valuation of buildings
Breakdown structures according to the method of valuation
Buildings according to their technical, legal and economic stability
Methods for determining replacement costs, construction
6. The cost method of valuing property
Valuation of property by the cost method, the nature and use of cost method
7. The yield method of valuing property
Valuation of property by the yield method, the nature and use the yield method
8. The comparative method of valuing property
Valuation of property by the comparative method, the nature and use of comparative methods
9. Methods of valuation of vegetation
Vegetation types, methods of valuation vegetations
10.The map of price
The map of price, its formulation, its use
11.Easements and and their valuation
Characteristics of easements, methods of valuation
12.Methods of valuation securities
Securities by type, marketability, economic importance
Valuation of securities
Securities markets in the Czech republic
The risk and impact on the profitability of a security
13.Methods of business valuation
Net assets
The basic approaches to valuation and the importance of the methods used
14.Methods of business valuatiom
Business value to equity method of valuation
Income valuation methods
Combined methods
Market valuation methods
15.Methods of valuation of business-special cases
Goodwill
Brand
Future earnings
Conditions for subject completion
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction