In the wake of financial crisis and recession, and the current pick-up of M&A activity it is clear than ever that high-quality business valuation is essential for successful M&A. The program is firmly rooted in theory while also addressing practical applications. This course, would therefore, equip members and other financial accounting professionals with the necessary knowledge and practical exposure in this direction.

The objective of this course is to provide the candidates with a thorough knowledge of the following areas and to equip members with the specialized skills necessary for developing a dedicated practice in the area of services related to Business Valuation Management. The subject already exists in the present curriculum of the Institute of Cost & Works Accountants of India at the Final Stage; hence this course would provide value addition by giving in-depth knowledge and practical implication of the subject. In addition to undisputed technical competence the practitioners should have authority and influence with boards and shareholders. Those who complete the program would possess:

• A thorough knowledge of valuation theory, including the most recent academic research, and the ability to apply this knowledge in practice
• The ability to address valuation issues relevant in practice but not covered in textbooks
• The ability to individually practice valuations and add value to decisions at each phase of transaction
• The ability to present and defend valuations to boards, in negotiations and in other context

• Associate Members of the ICWAI
• Officers of PSUs & Govt. (Central & State) working in finance function (Subject to the approval from the respective departments)

1. Concept of Value
2. Principles & Techniques of Valuation
3. Discounted Cash Flow Valuation
4. Relative Valuation
5. Contingent Claim Valuation
6. Asset Valuation
7. Related Concepts in Business Valuation and illustrations

1. Business Strategy
2. Basic Concepts in Mergers and Acquisitions
3. Theories of Mergers and Acquisitions
4. Valuation of Mergers and Acquisitions
5. The Merger process
6. Major Challenges to Success of Mergers
7. Restructuring and Financial Engineering
8. Take-over Defenses

1. Forms of Intellectual Property and Methods of Valuation
2. Valuation of Fixed Assets
3. Valuation of Investments
4. Valuation of Shares
5. Valuation of Intangibles
6. Human Resource Accounting
7. Valuation of Goodwill Patents and Copyrights
8. Valuation of Brands
9. Valuation of Real Estate
10. Valuation of Liabilities

1. Professional conduct and Ethics
2. Oral Appraisal Reports
3. Expert Testimony
4. Letter form written appraisal reports
5. Conducting a Business Appraisal Assignment