545-0068/01 – Property Valuation (OCM)

Gurantor departmentDepartment of Economics and Control SystemsCredits5
Subject guarantorprof. Ing. Jaroslav Dvořáček, CSc.Subject version guarantordoc. Dr.Ing. Jaromír Lazar
Study levelundergraduate or graduateRequirementCompulsory
Year1Semestersummer
Study languageCzech
Year of introduction2010/2011Year of cancellation2013/2014
Intended for the facultiesHGFIntended for study typesFollow-up Master
Instruction secured by
LoginNameTuitorTeacher giving lectures
KAN248 Ing. Jana Lukšová
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit and Examination 3+1
Part-time Credit and Examination 12+0

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:

BREALEY, R., A., Fundamentals of corporate finance, 7th ed., McGraw-Hill/Irwin, New York 2012, 704 s., ISBN 978-0-07-803464-0.

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

Další požadavky na studenta

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

Full-time form (validity from: 2010/2011 Summer semester, validity until: 2013/2014 Summer semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Exercises evaluation and Examination Credit and Examination 100 (100) 51
        Exercises evaluation Credit 33  17
        Examination Examination 67  34
Mandatory attendence parzicipation:

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2013/2014 (N2102) Mineral Raw Materials (2102T003) Commerce Engineering in Raw Materials Treatment Industry K Czech Most 1 Compulsory study plan
2013/2014 (N2102) Mineral Raw Materials (2102T003) Commerce Engineering in Raw Materials Treatment Industry P Czech Ostrava 1 Compulsory study plan
2012/2013 (N2102) Mineral Raw Materials (2102T003) Commerce Engineering in Raw Materials Treatment Industry P Czech Ostrava 1 Compulsory study plan
2012/2013 (N2102) Mineral Raw Materials (2102T003) Commerce Engineering in Raw Materials Treatment Industry K Czech Most 1 Compulsory study plan
2011/2012 (N2102) Mineral Raw Materials (2102T003) Commerce Engineering in Raw Materials Treatment Industry P Czech Ostrava 1 Compulsory study plan
2011/2012 (N2102) Mineral Raw Materials (2102T003) Commerce Engineering in Raw Materials Treatment Industry K Czech Most 1 Compulsory study plan
2010/2011 (N2102) Mineral Raw Materials (2102T003) Commerce Engineering in Raw Materials Treatment Industry K Czech Most 1 Compulsory study plan
2010/2011 (N2102) Mineral Raw Materials (2102T003) Commerce Engineering in Raw Materials Treatment Industry P Czech Ostrava 1 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner