Course unit title

Asset Valuation

Course unit code

AKK253

Type of course unit (compulsory, optional)

Optional

Level of course unit (according to

EQF: first cycle Bachelor, second cycle Master)

Third Cycle Bachelor

Year of study when the course unit is delivered (if applicable)

2021–2022

Semester/trimester when the course unit is delivered

5th semester

Number of ECTS credits allocated

4.8 credits

Name of lecturer(s)

  1. Khusnul Prasetyo, S.E., M.M., CMA., Ak., CA.
  2. Iman Harymawan, S.E., MBA., Ph.D.

Learning outcomes of the course unit

  1. Students are able to understand and explain the general description of Cost, Value, and Price.
  2. Students are able to understand and explain the material about Accounting for Value, Not Cost: Financial Reporting at the Crossroads.
  3. Students are able to understand and explain the material about Investing for Value: Buying and Selling Assets.
  4. Students are able to understand and explain the material about Adversarial Nature of Valuations: “Why Can’t I Get a Higher (Lower) Answer?”.
  5. Students are able to understand and explain the material about Cost Approach to Value.
  6. Students are able to understand and perform analysis with the Income Approach to Value approach.
  7. Students are able to understand and perform analysis using the Market Comparable Approach to Value.
  8. Students are able to understand and analyze material about Can Value Information Be Objective and Independent?
  9. Students are able to explain the material about What Will Happen in the Future? Why Assumptions Are Critical in the Valuation Process?
  10. Students are able to explain the material about Hiring an Appraiser: Reading an Appraisal Report.
  11. Students are able to explain the material about Providing Value Information to Shareholders and Analysis.
  12. Students are able to explain material about Allocation of Purchase Price: Tangible Assets.
  13. Students are able to explain material about Allocation of Purchase Price: Intangible Assets.
  14. Students are able to explain the material about Good Property Records Increase Value and Save Money. 

Mode of delivery (face-to-face, distance learning)

Face-To-Face

Prerequisites and co-requisites (if applicable)

  1. Financial Management I
  2. Basic Accounting

Course content

  1. Cost, Value, and Price
  2. Accounting for Value, Not Cost: Financial Reporting at the Crossroads
  3. Investing for Value: Buying and Selling Assets
  4. Adversarial Nature of Valuations: “Why Can’t I Get a Higher (Lower) Answer?”
  5. Cost Approach to Value
  6. Income Approach to Value and Market Comparable Approach to Value
  7. Can Value Information Be Objective and Independent?
  8. What Will Happen in the Future? Why Assumptions Are Critical in the Valuation Process?
  9. Hiring an Appraiser: Reading an Appraisal Report
  10. Providing Value Information to Shareholders and Analysis
  11. Allocation of Purchase Price: Tangible and Intangible Assets
  12. Good Property Records Increase Value and Save Money

Recommended or required

reading and other learning resources/tools

King, A. M. (2002). Valuation: what assets are really worth. J. Wiley. (Required)

Planned learning activities and teaching methods

  1. Lectures
  2. Discussion
  3. Individual assignments

Language of instruction

Bilingual, Bahasa Indonesia and English

Assessment methods and criteria

Assignments