Internet Explorer 7, 8, and 9 are no longer supported. Please use a newer browser.
Concourse works best with JavaScript enabled.
Liberty University logo

Online · School of Business · Graduate Business

Business Valuation
BUSI-534

  • CG
  • Section 8WK
  • 11/08/2019 to 04/16/2020
  • Modified 01/30/2020

Course Description

This course examines the various techniques used to evaluate businesses from a theoretical and practical standpoint.

Requisites

Prerequisites

Financial Accounting with a score of 3 and Managerial Accounting with a score of 3 and Corporate Finance with a score of 3 and (Meets BMAL590 / 27 hrs in BUSI with a score of 3 or BMAL 590)

Rationale

Financial managers are often tasked with evaluating a company’s worth in terms of a company’s potential buying or selling price. There are different models that may be used for this evaluation, and determining the most appropriate model to use may depend on the industry. Students earning a graduate finance degree should understand these key components.

Measurable Learning Outcomes

Upon successful completion of this course, the student will be able to:

  1. Integrate biblical principles within the context of business valuations.
  2. Prepare a business valuation report.
  3. Compare business valuation models.
  4. Calculate formulas related to business valuation.

Course Resources

Required Resource Purchases

American Psychological Association. Publication manual of the American Psychological Association (Current ed.). Washington, DC: American Psychological Association.

Hitchner, J. (2017). Financial valuation: Applications and models (4th ed.). Hoboken, NJ: Wiley. ISBN 978-1-119-28660-8

Disclaimer: The above resource(s) provide(s) information consistent with the latest research regarding the subject area. Liberty University does not necessarily endorse specific personal, religious, philosophical, or political positions found in these(this) resource(s).

Additional Materials for Learning

  1. Computer with basic audio/video output equipment
  2. Internet access (broadband recommended)
  3. Blackboard recommended browsers
  4. Microsoft Office

Course Assignments

Textbook readings and lecture presentations/notes

Course Requirements Checklist

After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in Module/Week 1.

Discussion Board Forums (4)

Discussion boards are collaborative learning experiences. Therefore, the student is required to provide a thread in response to the provided prompt for each forum. Each thread must be 500 words and demonstrate course-related knowledge. In addition to the thread, the student is required to reply to 2 other classmates’ threads. Each reply must be 450 words.

Faith Integration Essay

The student will write an essay describing how the Bible is related to the topic(s) covered in the course. The essay must be at least 1,000 words and include a clear integration of the Bible in relation to a course topic. In addition, you must use the Bible and at least 2 additional scholarly/professional sources to substantiate your position (you may use the textbook as 1 source). Sources must be cited in current APA format. The Bible may be used as often as one would like, but it only counts as the required use of the Bible – not one of the additional scholarly/professional sources.

Integrative Learning Project

The student will write a 15 page minimum, excluding title page, executive summary, and appendices, valuation report on the value of a publicly traded company of their choosing. The report should follow the example in text.

Valuation Approach Paper

The student will write a 6-10 page research-based paper in current APA format that compares and contrast the various business valuation approaches. The paper must include at least 4 professional/scholarly references in addition to the course textbooks and the Bible.

Valuation Issue Essay

Using the professional valuation organizations as references, as well as any other scholarly resources available, discuss in a 750 word minimum essay in current PA format a current business valuation issue that is relevant to valuation professionals today.

Course Grading

Course Requirements Checklist

10

Discussion Board Forums (4 at 100 pts ea)

400

Vauaion Issue Essay

50

Valution Approach Paper

150

Integrative Learning Project

300

Faith Integration Essay

100

Total

1010

Policies

Late Assignment Policy

Course Assignments, including discussion boards, exams, and other graded assignments, should be submitted on time.

If the student is unable to complete an assignment on time, then he or she must contact the instructor immediately by email.

Assignments that are submitted after the due date without prior approval from the instructor will receive the following deductions:

  1. Late assignments submitted within one week after the due date will receive up to a 10% deduction.
  2. Assignments submitted more than one week and less than 2 weeks late will receive up to a 20% deduction.
  3. Assignments submitted two weeks late or after the final date of the course will not be accepted outside of special circumstances (e.g. death in the family, significant personal health issues), which will be reviewed on a case-by-case basis by the instructor.
  4. Group projects, including group discussion board threads and/or replies, and assignments will not be accepted after the due date outside of special circumstances (e.g. death in the family, significant personal health issues), which will be reviewed on a case-by-case basis by the instructor.

Disability Assistance

Students with a disability and those with medical conditions associated with pregnancy may contact Liberty University’s Online Office of Disability Accommodation Support (ODAS) at [email protected] for accommodations.  Such accommodations require appropriate documentation of your condition.   For more information about ODAS and the accommodations process, including how to request an accommodation, please visit https://www.liberty.edu/online/online-disability-accommodation-support/. Requests for accommodations not related to disabilities or pregnancy must be directed to the Registrar’s Office, which generally handles medical needs support.

If you have a complaint related to disability discrimination or an accommodation that was not provided, you may contact ODAS or the Office of Equity and Compliance by phone at (434) 592-4999 or by email at [email protected].  Click to see a full copy of Liberty’s Discrimination, Harassment, and Sexual Misconduct Policy or the Student Disability Grievance Policy and Procedures.

Course Attendance

In an effort to comply with U.S. Department of Education policies, attendance is measured by physical class attendance or any submission of a required assignment within the enrollment dates of the course (such as examinations, written papers or projects, any discussion board posts, etc.) or initiating any communication with one’s professor regarding an academic subject. More information regarding the attendance policy can be found in the Academic Course Catalogs. Regular attendance in online courses is expected throughout the length of the term. Students who do not attend within the first week of a sub-term by submitting a required academic assignment (such as the Course Requirements Checklist, an examination, written paper or project, discussion board post, or other academic activity) will be dropped from the course. Students who wish to re-engage in the course are encouraged to contact Academic Advising to discuss their enrollment options. Students who begin an online course, but at some point in the semester cease attending, and do not provide official notification to withdraw, will be assigned a grade of “FN” (Failure for Non-Attendance). Students wishing to withdraw from courses after the official start date should familiarize themselves with the withdrawal policy.

Grading Scale

A- B+ B B- C+ C C- D+ D D- F
940-1010 920-939 900-919 860-899 840-859 820-839 780-819 760-779 740-759 700-739 680-699 679 and below

For courses with a Pass/NP final grade, please refer to the Course Grading section of this syllabus for the assignment requirements and/or point value required to earn a Passing final grade.

Add/Drop Policy

The full policy statement and procedures are published in the Policy Directory.

Honor Code

Liberty University comprises a network of students, Alumni, faculty, staff and supporters that together form a Christian community based upon the truth of the Bible. This truth defines our foundational principles, from our Doctrinal Statement to the Code of Honor. These principles irrevocably align Liberty University’s operational procedures with the long tradition of university culture, which remains distinctively Christian, designed to preserve and advance truth. Our desire is to create a safe, comfortable environment within our community of learning, and we extend our academic and spiritual resources to all of our students with the goal of fostering academic maturity, spiritual growth and character development.

Communities are predicated on shared values and goals. The Code of Honor, an expression of the values from which our Doctrinal Statement was born, defines the fundamental principles by which our community exists. At the core of this code lie two essential concepts: a belief in the significance of all individuals, and a reliance on the existence of objective truth.

While we acknowledge that some may disagree with various elements of the Code of Honor, we maintain the expectation that our students will commit to respect and uphold the Code while enrolled at Liberty University.

Adherence to the principles and concepts established within facilitates the success of our students and strengthens the Liberty community.

The Code of Honor can be viewed in its entirety at http://www.liberty.edu/index.cfm?PID=19155.

Schedule

BUSI 534

Textbooks: 

Hitchner, Financial valuation: Applications and models, 4th ed. (2017).

Module/Week

Reading & Study

Assignments

Points

1

Hitchner: chs 1 - 4

1 presentation

 

Course Requirements Checklist

Class Introductions

Valuation Issue Essay

10

0

50

2

Hitchner: chs 5 – 7

1 presentation

DB Forum 1

100

3

Hitchner: chs 8 – 10, 16

1 presentation

Valuation Approach Paper

150

4

Hitchner: chs 11 – 12

1 presentation

DB Forum 2

100

5

Hitchner: chs 13 – 15

1 presentation

DB Forum 3

100

6

Hitchner: chs 17 – 23

1 presentation

DB Forum 4

100

7

Hitchner: chs 24 – 29

1 presentation

Integrative Learning Project

300

8

Hitchner: chs 30 – 31

1 presentation

Faith Integration Essay

100

Total

1010

DB = Discussion Board

NOTE: Module/Week one begins on Monday and ends at 11:59 p.m. (ET) Friday. Modules/Weeks 2 – 8 begin on Saturday and end 11:59 p.m. (ET) Friday.