Choose department Department of Computer Science Department of Business Administration Department of Law Department of Engineering Department of Preliminary Studies MBA Department of Applied Engineering Department of Sport Science Department of Psychology MPM Department of Business Administration Dean: Dr. Jón Þór Sturluson Email: vd@ru.is Website: http://www.ru.is/vd Teachers View Choose major BSc in Business Administration with a minor in law BSc in Economics and Finance BSc in Economics and Management Exchange studies - BSc Business Exchange studies - MSc Business Diploma in Business and retail management MSc in Tourism and Hospitality Management - 90 ECTS MTHM, Tourism and Hospitality Management - 90 ECTS MSc in Innovation Management - 90 ECTS MINN, Innovation Management - 90 ECTS MSc in Business Management - 90 ECTS MBM, Business Management - 90 ECTS MSc in Marketing - 90 ECTS MM, Marketing - 90 ECTS MSc in Human Resource Management and Organizational Psychology - 90 ECTS MHRM, Human Resource Management and Organizational Psychology - 90 ECTS MSc in Corporate Finance- 90 ECTS MCF, Corporate Finance - 90 ECTS MSc in Information Management - 90 ECTS MIM, Information Management - 90 ECTS MAcc, Accounting and Auditing - 90 ECTS BSc in Business Administration BSc in Business Administration with a minor in Computer Science MSc in Innovation Management - 90 ECTS Semesters: 3 Years: 1 ETCS: 90 Learning Outcomes View Degree title MSc in Innovation Management

Legend Mandatory course on major Teaching language Optional course on major Prerequisites for course

Haustönn/Fall 2023 Introduction to Management and Business Concepts V-700-IMBU ECTS 0 Creative Approaches and Entrepreneurial Mindsets V-702-CREM ECTS 7,5 Innovation and Entrepreneurship: A field of knowledge and practice V-703-INEN ECTS 7,5 Fundamentals in Tourism and Hospitality Management V-704-FTHM ECTS 7,5 Financial Reporting and Accounting Standards I V-705-FIR1 ECTS 7,5 Auditing, Auditing Standards and Ethics in Accounting and Auditing V-706-AUD1 ECTS 7,5 Strategic Management V-712-STJO ECTS 7,5 Organizational Psychology V-715-ORPS ECTS 7,5 Advanced Business Informatics V-725-ABIN ECTS 7,5 Staffing: from recruitment to termination V-730-STRT ECTS 7,5 Labour law V-731-LALA ECTS 3,75 Change management and leadership V-736-CMLE ECTS 7,5 International Marketing V-736-INMA ECTS 7,5 Fundamentals in Accounting and Finance V-737-FAFI ECTS 7,5 Advanced and digital marketing V-738-ADDM ECTS 7,5 Enterprise Architectures V-746-ENAR ECTS 7,5 Internship V-748-INTE ECTS 7,5 International Finance V-767-INTF ECTS 7,5 Corporate Taxation V-772-TAX1 ECTS 7,5 Customer Profitability Management V-776-CPRO ECTS 7,5 Advanced Topics in Emerging Technologies V-795-ATET ECTS 7,5 Performance Management V-830-PEMA ECTS 3,75 Portfolio Management V-862-PORT ECTS 7,5 Equity Analysis V-863-EQUI ECTS 7,5 Year 1. year Semester Fall 2023 Level of course N/A Type of course Elective Prerequisites No prerequisites. Schedule No schedule found. Lecturer Patrick Weiss Content The focus of this course is on the financial analysis and valuation of companies. Therefore the course provides students with essential knowledge in equity valuation and develops skills and competences to apply this knowledge. The following topics and concepts are covered: The course is segmented into major sections. It starts with a discussion of the drivers of corporate value, specifically return on invested capital (ROIC) and organic revenue growth. Based on this, it examines how to build an ROIC-based valuation model in conjunction with a free cash flow to firm (FCFF) model. Following that it covers financial analysis using data from the annual report based on traditional competitive benchmarking and to current metrics such as return on invested capital (ROIC) and economic profit. The primary goal is to build a true understanding of operating performance across business units and for the entire company. Having covered the above elements, the course focuses on building an integrated valuation model using discounted cash flow. This section of the course starts with the fundamentals of forecasting, how to determine the appropriate forecast period, and issues related to continuing value. It covers the weighted average cost of capital, focusing on how to estimate the inputs. The final section discusses alternatives to DCF valuation, such as multiples analysis to triangulate DCF valuation and comparison to investment strategies of major investors. Learning outcome - Objectives Knowledge: Collection of facts, concepts, theories and techniques acquired by students. The student should: - Know how to reorganize a financial statement - Know how to assess past performance - Know how to evaluate cash flow streams - Understand the concept of valuation by multiples and how to calculate multiples - Understand the concept of cost of capital - Know the potential drivers of corporate value Skills: The ability to apply knowledge to different setting in equity valuation. The student should: - Be able to reorganize a financial statement - Be able to calculate and apply multiples - Be able to estimate cost of debt, cost of equity and WACC - Be able to build a robust EP valuation model - Be able to build a robust FCFF valuation model - Identify and analyze the drivers of corporate value Competences: The ability to apply knowledge and skills in equity valuation. The student should be able to: - Analyze and interpret past performance - Evaluate new projects and entire firms from a shareholder’s perspective - Use results of valuation models in corporate decision making - Analyze the impact of corporate decisions and of developments in the firm’s environment on corporate value - Critically assess the limitations valuation models Course assessment Reading material No reading material found. Teaching and learning activities Language of instruction English Master´s Thesis - partial submission V-888-THHL ECTS 15 Research Proposal V-898-REPR ECTS 0 Master´s Thesis V-898-THES ECTS 30 Exchange Studies X-699-EXCH ECTS 30 Vorönn/Spring 2024 Consumer Behavior V-712-COBE ECTS 3,75 Innovation Management V-713-INNM ECTS 7,5 Business Ethics V-714-BETH ECTS 3,75 Entrepreneurship and Innovation in Context V-715-ENIC ECTS 3,75 Business Process Management V-716-BPMA ECTS 7,5 Fixed Income Analysis V-716-FINC ECTS 3,75 Implementation of information systems V-717-IMIS ECTS 3,75 Entrepreneurial Finance V-733-ENTR ECTS 7,5 Branding and Strategic Marketing V-741-BRAN ECTS 7,5 Strategic HRM and Metrics V-745-STRA ECTS 7,5 Business Research Methodology V-746-REME ECTS 7,5 Internship V-748-INTE ECTS 7,5 Cases in corporate finance V-763-COR2 ECTS 7,5 Financial Reporting and Accounting Standards II V-765-FIR2 ECTS 7,5 Applied Derivatives V-766-APDE ECTS 7,5 Consolidated Financial Statements V-767-SARE ECTS 7,5 Business Intelligence and Analytics V-784-REK5 ECTS 7,5 Corporate Law V-802-BULA ECTS 7,5 Tourism Marketing V-840-TOMA ECTS 7,5 Training and Development V-840-TRDE ECTS 3,75 Accounting for derivatives and other financial instruments V-871-AFLE ECTS 7,5 Master´s Thesis - partial submission V-888-THHL ECTS 15 Research Proposal V-898-REPR ECTS 0 Master´s Thesis V-898-THES ECTS 30 Exchange Studies X-699-EXCH ECTS 30