| Course Type | Elective Course |
|---|
| Course Level | Master's Degree Without Thesis |
|---|
| Year of Study | - |
|---|
| Semester | - |
|---|
| ECTS | 10 |
|---|
| Name of Lecturer(s) |
- |
| Learning Outcomes |
At the end of this course, the students;
- Define the analytic structure required to plan and evaluate the restructure of the organization
- Compare and select the best assestment tools for mergers, acquisitions.
- Compare different payment models.
- Define the institutional structure of the firm and evaluate , the effects of this structure on market value of the firm and importance of this structure for shareholders,
- Command on the financial and legal environment of the firms during overseas mergers and acquisitions.
|
| Mode of Delivery | Face to face |
|---|
| Prerequisites | No |
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| Recommended Optional Programme Components | MANZ526 FINANCIAL STATEMENTS ANALYSIS |
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| Course Description | This course aims to help participants enhance their technical knowledge of mergers, acquisitions, and corporate valuation while learning about different paradigms and perspectives. The course integrates the accounting, economic, financial, and legal aspects of corporate mergers. The course focuses on advanced valuation techniques, mergers, divestitures, partial divestitures, and leveraged buyouts, as well as the resolution of financial distress and bankruptcy. Each topic covered includes both theoretical details and relevant academic research. Additionally, the topics are supported by case studies and input from industry participants. |
|---|
| Course Contents |
| WEEK |
TOPICS |
|
1st Week |
Introduction to Mergers and Acquisitions (M&A): Fundamental Concepts and the Evolution of Global M&A Markets |
|
2nd Week |
Types of Mergers and Acquisitions, Strategic Motives, and Value Creation Theories |
|
3rd Week |
Introduction to Business Valuation: Concepts of Value and Valuation Approaches |
|
4th Week |
Financial Statement Analysis and Evaluation of Financial Performance for Valuation |
|
5th Week |
Business Valuation Using the Discounted Cash Flow (DCF) Method |
|
6th Week |
Relative Valuation Methods: Market Multiples and Comparable Company Analysis |
|
7th Week |
Asset-Based Valuation Methods and Special Valuation Cases |
|
8th Week |
Midterm Examination |
|
9th Week |
The M&A Process: Target Identification, Valuation, and Negotiation Strategies |
|
10th Week |
Due Diligence: Financial, Legal, Tax, and Operational Review |
|
11th Week |
Financing Mergers and Acquisitions: Debt, Equity, and Hybrid Financing Methods |
|
12th Week |
Post-Merger Integration, Synergy Analysis, and Performance Measurement |
|
13th Week |
Cross-Border Mergers and Acquisitions, Regulatory Framework, and Corporate Governance |
|
14th Week |
Case Studies of Contemporary Mergers and Acquisitions: Successful and Unsuccessful M&A Transactions |
|
15th Week |
Student Presentations, Business Valuation Applications, and Overall Course Evaluation |
|
| Recommended or Required Reading | Mergers, Acquisitions, and Other Restructuring Activities, Donald DePamphilis, Elsevier,
Finansal Tablolar ve Mali Analiz Teknikleri, Nalan Akdoğan, Gazi Kİtabevi,
Uluslararası Finansal Raporlama Standartları, IFRS Foundation, 2011. |
|---|
| Planned Learning Activities and Teaching Methods |
- Lecture
- Discussion
- Case Study
|
|---|
| Assessment Methods and Criteria |
|
Quantity |
Percentage (%) |
| Mid-term |
1 |
40 |
| Total(%) |
|
40 |
| Contribution of In-term Studies to Overall Grade(%) |
|
40 |
| Contribution of Final Examination to Overall Grade(%) |
|
60 |
| Total(%) |
|
100 |
|
| ECTS Allocated Based on Student Workload |
| Activities |
Quantity |
Duration (Hour) |
Total Workload (Hour) |
| Midterm exam |
1 |
10 |
10 |
| Preparation for Quiz |
|
|
|
| Individual or group work |
|
|
|
| Preparation for Final exam |
|
|
|
| Course hours |
|
|
|
| Preparation for Midterm exam |
|
|
|
| Laboratory (including preparation) |
|
|
|
| Final exam |
1 |
20 |
20 |
| Homework |
|
|
|
| Total Work Load | 30 |
| Total Work Load / 30 (h) | 1 |
| ECTS Credit of the Course | 10 |
|
| Language of Instruction | Turkish |
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| Work Placement(s) | No |
|---|
