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 Postgraduate Course: Financial Valuation (CMSE11403)
Course Outline
| School | Business School | College | College of Arts, Humanities and Social Sciences |  
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) | Availability | Available to all students |  
| SCQF Credits | 10 | ECTS Credits | 5 |  
 
| Summary | The course provides an overview of the valuation of financial assets. It explores theoretical principles behind financial valuation, and issues that arise when applying valuation tools and techniques on real-world cases. The course focuses on absolute valuation using discount cash flow methods, but also provides an overview of relative valuation. |  
| Course description | Course materials include different approaches to valuation, how discount rates can be estimated, how accounting and other financial information can be used to estimate future cash flows, and different discount cash flow and relative valuation models. Course content also includes practical examples from case studies and real-world data. 
 Student Learning Experience
 
 Students learn by engaging with assigned readings and solving case studies. Students are expected to actively participate in class by completing their assigned works before class time, asking/answering questions, and engaging in class discussions. The individual assignment allows students to use knowledge and experience gained from engagement with class materials on real-world situations.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |  | Co-requisites |  |  
| Prohibited Combinations |  | Other requirements | None |  
Information for Visiting Students 
| Pre-requisites | None |  
		| High Demand Course? | Yes |  
Course Delivery Information
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| Academic year 2025/26, Not available to visiting students (SS1) | Quota:  None |  | Course Start | Semester 1 |  Timetable | Timetable | 
| Learning and Teaching activities (Further Info) | Total Hours:
100
(
 Lecture Hours 10,
 Programme Level Learning and Teaching Hours 2,
Directed Learning and Independent Learning Hours
88 ) |  
| Assessment (Further Info) | Written Exam
0 %,
Coursework
100 %,
Practical Exam
0 % |  
 
| Additional Information (Assessment) | 100% Coursework (Individual) - Assesses all course Learning Outcomes |  
| Feedback | Formative: Feedback will be provided throughout the course. 
 Summative: Feedback will be provided on the assessment within agreed deadlines.
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| No Exam Information |  
Learning Outcomes 
| On completion of this course, the student will be able to: 
        Understand the objectives and the main characteristics of the foundations of financial valueUnderstand and critically assess the results of financial valuationUnderstand and critically discuss the implications for financial valuation in the 'information era'Decide the most suitable valuation technique vis-à-vis the characteristics of the data and the investment objective.Critically evaluate the limitations of the techniques used in financial valuation |  
Reading List 
| Aswath Damodaran. Investment Valuation: Tools and Techniques for Determining the Value of any Asset, University Edition 3rd Edition 
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Additional Information
| Graduate Attributes and Skills | Communication, ICT, and Numeracy Skills 
 After completing this course, students should be able to:
 
 Convey meaning and message through a wide range of communication tools, including digital technology and  social  media;  to  understand  how  to  use  these  tools  to  communicate  in  ways  that  sustain  positive  and responsible relationships.
 
 Critically evaluate and present digital and other sources, research methods, data and information; discern their  limitations,  accuracy,  validity,  reliability  and  suitability;  and  apply  responsibly  in  a  wide  variety  of organisational contexts.
 
 Cognitive Skills
 
 After completing this course, students should be able to:
 
 Be  self-motivated;  curious;  show  initiative;  set,  achieve  and surpass  goals;  as  well  as  demonstrating adaptability, capable of handling complexity and ambiguity, with a willingness to learn; as well as being able to demonstrate  the  use digital and other tools to carry out  tasks effectively, productively, and with attention to quality.
 
 Knowledge and Understanding
 
 After completing this course, students should be able to:
 
 Demonstrate  a  thorough  knowledge  and  understanding  of  contemporary  organisational  disciplines; comprehend the role of business within the contemporary world; and critically evaluate and synthesise primary and secondary research and sources of evidence in order to make, and present, well informed and transparent organisation-related decisions, which have a positive global impact.
 
 Identify,  define  and  analyse  theoretical  and  applied  business  and  management  problems,  and  develop approaches, informed by an understanding of appropriate quantitative and/or qualitative techniques, to explore and solve them responsibly.
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| Keywords | Not entered |  
Contacts 
| Course organiser | Dr Zhehao Jia Tel:
 Email:
 | Course secretary | Miss Tamara Turford Tel: (0131 6)50 8074
 Email:
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