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Terminated in academic year 2013/2014

Property Valuation

Type of study Follow-up Master
Language of instruction Czech
Code 545-0068/01
Abbreviation OCM
Course title Property Valuation
Credits 5
Coordinating department Department of Economics and Control Systems
Course coordinator prof. Ing. Jaroslav Dvořáček, CSc.

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

Literature

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

Advised 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