At the end of this course, the students; 1) Define the analytic structure required to plan and evaluate the restructure of the organization 2) Compare and select the best assestment tools for mergers, acquisitions. 3) Compare different payment models. 4) 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, 5) Command on the financial and legal environment of the firms during overseas mergers and acquisitions.
MODE OF DELIVERY
Face to face
PRE-REQUISITES OF THE COURSE
No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT
COURSE DEFINITION
The aim of this course is to teach contemporary business transformation incidents such as mergers, acquisitions and evaluation throughout different paradigmatic perspectives and approaches. Mergers and acquisitions may have many different substantial aspects however accounting, economical, financial and legal affairs are the most important aspects of the merging process. This lesson aims to integrate all the emphasized aspects of merging process and aims to enlarge participants? financial frame of reference. In the context of this lesson main financial examination methods such as advanced evaluation techniques, acquisition, sell-outs, partial sell-outs and leveraged buyouts will be focused. In addition, within the scope of this lesson resolving techniques of financial distress and bankruptcy issues will be discussed. Course content designed for combine both theoretical assumptions and empirical findings of relevant academic literature. Furthermore, each of the subtopics will be corroborated via context specific case analysis and guest speakers.
COURSE CONTENTS
WEEK
TOPICS
1st Week
Introduction
2nd Week
Introduction to mergers and acquisitions
3rd Week
Legal Issues I
4th Week
Legal Issues II
5th Week
Tactics on Mergers & Acquisitions
6th Week
Transactions on Mergers & Acquisitions
7th Week
Valuation and estimation of cash flows
8th Week
Midterm
9th Week
Application of Financial Modeling Techniques for the Valuation And Structure of Mergers And Acquisitions I
10th Week
Application of Financial Modeling Techniques for the Valuation And Structure of Mergers And Acquisitions II
11th Week
Application of Financial Modeling Techniques for the Valuation And Structure of Mergers And Acquisitions III
12th Week
Financing Transactions: Leveraged Buyout Structures And Valuation
13th Week
Cross Border Transactions: Analysis and Valuation
14th Week
Financial Statements related to Busines Combinations
RECOMENDED 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 WORKLOAD
Activities
Number
Hours
Workload
Midterm exam
1
2
2
Preparation for Quiz
Individual or group work
14
6
84
Preparation for Final exam
1
60
60
Course hours
14
3
42
Preparation for Midterm exam
1
50
50
Laboratory (including preparation)
Final exam
1
2
2
Homework
10
6
60
Total Workload
300
Total Workload / 30
10
ECTS Credits of the Course
10
LANGUAGE OF INSTRUCTION
Turkish
WORK PLACEMENT(S)
No
KEY LEARNING OUTCOMES (KLO) / MATRIX OF LEARNING OUTCOMES (LO)