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Graduate Course Proposal Form Submission Detail - ACG5375

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Current Status: Approved by SCNS - 2014-01-01
Campus: Sarasota
Submission Type: New
Course Change Information (for course changes only):
Comments: Approved by USF-SM 11/6/13. To USF System for concurrence 11/21/13. Ready for SCNS 12/3/13. Apprd eff 1/1/14


  1. Department and Contact Information

    Tracking Number Date & Time Submitted
    4843 2013-11-06
     
    Department College Budget Account Number
    BM 140200004
     
    Contact Person Phone Email
    Sarah Smith 9413594619 sarah43@sar.usf.edu

  2. Course Information

    Prefix Number Full Title
    ACG 5375 Valuation of Closely Held Businesses

    Is the course title variable? N
    Is a permit required for registration? N
    Are the credit hours variable? N
    Is this course repeatable? N
    If repeatable, how many times? 0

    Credit Hours Section Type Grading Option
    3 D - Discussion (Primarily) R - Regular
     
    Abbreviated Title (30 characters maximum)
    Business Valuations
     
    Course Online? Percentage Online
    - 0

    Prerequisites

    ACG 2021

    Corequisites

    Course Description

    Prepares students to assess how a firm can increase its value. Students develop an understanding of the principles behind business valuation and learn how to use these principles to assess a company's value through a case study.


  3. Justification

    A. Please briefly explain why it is necessary and/or desirable to add this course.

    Needed to meet state requirements, licensure, etc

    B. What is the need or demand for this course? (Indicate if this course is part of a required sequence in the major.) What other programs would this course service?

    Valuations is a sought after specialty in public practice. USFSM is currently offering an undergraduate course in Forensic accounting. Students who take that course will benefit by taking a course in business valuations.

    C. Has this course been offered as Selected Topics/Experimental Topics course? If yes, how many times?

    No

    D. What qualifications for training and/or experience are necessary to teach this course? (List minimum qualifications for the instructor.)

    Qualification:A doctorate degree in accounting or finance

    Experience: Knowledge of closely held business valuation procedures


  4. Other Course Information

    A. Objectives

    1. Be able to use various models to assess how a firm can increase its value

    2. Be able to determine what premise of value to use

    3. Be able to determine which valuation methods are applicable

    4. Be able to calculate a company’s value

    B. Learning Outcomes

    1. The students will be able to perform an assessment of a firm and write a report on how to increase the firm’s value

    2. The student will be able to perform a valuation on an actual company and write a report.

    C. Major Topics

    1. Standards and premises of value

    2. Analysis of closely held business financial information

    3. Business valuation methodologies

    4. How to handle non-opersting assets

    5. Determining discounts and premiums

    6. Writing valuation reports

    D. Textbooks

    James Hitchner- Financial Valuation Applications and Models Third Edition (Wiley) ISBN 9780470506875

    E. Course Readings, Online Resources, and Other Purchases

    na

    F. Student Expectations/Requirements and Grading Policy

    Exam 25%

    case 1 report and presentation 25%

    Case 2 report and presentation 40%

    Class participation 10%

    CLASS PARTICIPATION

    This is a graduate class and your experiences will add to the value of the class. In addition, when you do not understand a concept or presentation it is likely others feel the same. Please ask questions. Your contribution in these circumstances benefit all the students. Therefore, relevant comments and questions benefit all the class and should be recognized and are part of the grading process.

    G. Assignments, Exams and Tests

    A. Exam 25 points

    B. Written report increasing value case 20 points

    C. Value case presentation 15 points

    D. Valuation case presentation 15 points

    E. Valuation case written report 25 points

    COURSE CONTENT AND HOMEWORK: This course is primarily case based. The first portion of the course will concentrate on the principles involved while the majority of the grading will involve written reports and presentations on two cases.

    The focus of my presentations is the chapter and other material learning objectives. The exam, power point and homework assignments are all focused on the learning objectives. The homework assignments are to be used as a study aide for you. The solutions will be posted on Canvas. I strongly urge you to read the chapter and try to do the homework prior to class. This will allow you to ask questions that will help you understand the material. Your role is to learn the material. You are graduate students and know that my role is to help you do so, not to spoon feed you, but to answer your questions and help make the material understandable. I will try to concentrate on the most difficult subject matter not all the subject matter in the learning objectives. You are responsible for all the learning objectives. The exam will cover items listed in the chapter learning objectives. Classroom presentations will cover:

    • The most difficult calculation in the chapters’ learning objectives, based on my opinion

    • Any questions you have in regard to topics covered in the learning objectives

    • Any questions you have on homework assignments

    • Other learning objectives as time allows

    • Any questions you have on topics not covered in the learning objectives. If time is short I will answer your questions outside of class time.

    • Any other accounting topics as time allows. If time is short I will answer your questions outside of class time.

    H. Attendance Policy

    Course Attendance at First Class Meeting – Policy for Graduate Students: For structured courses, 6000 and above, the College/Campus Dean will set the first-day class attendance requirement. Check with the College for specific information. This policy is not applicable to courses in the following categories: Educational Outreach, Open University (TV), FEEDS Program, Community Experiential Learning (CEL), Cooperative Education Training, and courses that do not have regularly scheduled meeting days/times (such as, directed reading/research or study, individual research, thesis, dissertation, internship, practica, etc.). Students are responsible for dropping undesired courses in these categories by the 5th day of classes to avoid fee liability and academic penalty. (See USF Regulation – Registration - 4.0101,

    http://usfweb2.usf.edu/usfgc/ogc%20web/currentreg.htm)

    Attendance Policy for the Observance of Religious Days by Students: In accordance with Sections 1006.53 and 1001.74(10)(g) Florida Statutes and Board of Governors Regulation 6C-6.0115, the University of South Florida (University/USF) has established the following policy regarding religious observances: (http://usfweb2.usf.edu/usfgc/gc_pp/acadaf/gc10-045.htm)

    In the event of an emergency, it may be necessary for USF to suspend normal operations. During this time, USF may opt to continue delivery of instruction through methods that include but are not limited to: Blackboard, Elluminate, Skype, and email messaging and/or an alternate schedule. It’s the responsibility of the student to monitor Blackboard site for each class for course specific communication, and the main USF, College, and department websites, emails, and MoBull messages for important general information.

    I. Policy on Make-up Work

    There is no make up for reports and presentations. The exam can be made up if there is a proper excuse.

    J. Program This Course Supports

    MBA with an accounting track and graduate courses to qualify for the CPA license


  5. Course Concurrence Information

    This could also be an elective for a MBA with a finance track.



- if you have questions about any of these fields, please contact chinescobb@grad.usf.edu or joe@grad.usf.edu.