ACCT5910 – Business Valuation and Analysis
Final Exam Information Guide – Term 1 2023
The final exam will be 2.5 hours. The exam will be conducted in an unsupervised environment
and is open book, however, you are not allowed to discuss the exam. Questions will be made
available on Moodle under the “Final Exam” tab on Monday May 1 at 9:50 a.m. (Australian
Eastern Time). To view to exam paper you will need to have first accessed and read the
appropriate ‘Student Declaration’. The exam will need to be submitted via Turnitin in the same
Moodle section by 12:30pm (Australian Eastern Time). If you are concerned about internet
speed and being able to upload the exam responses, please email them to Associate Professor
Andrew Jackson at a.b.jackson@unsw.edu.au . All questions must be answered via Word.
When submitting your answers, please name your file with the following protocol:
z1234567_ACCT5910_final.docx (where you replace 1234567 with your zID). You will also
have the ability to upload any workings in an excel spreadsheet, using the following protocol:
z1234567_ACCT_5910_final.xlsx (where you replace 1234567 with your sID).
The exam is based on a case study. The case firm to be used is Probiotec Limited (ASX: PBP).
No materials will be provided, but you will be able to refer to FactSet along with any other
resources you feel are relevant. You are free to prepare prior to the exam. Questions on the case
will not be answered during consultation or lectures.
Question 1 concerns business strategy analysis. It is primarily concerned with an
understanding of corporate strategy and forces of competition within the current economic and
political environment. This question is worth 16 marks.
Question 2 is concerned with financial analysis. This question is worth 24 marks.
Question 3 involves forecasting. It also involves consideration of questions 1 and 2 in order to
ensure explanations of the validity of your responses. Question 3 is worth 30 marks.
Question 4 involves valuation. It involves estimates of your forecasts in Question 3 to estimate
a value per share and perform sensitivity analyses. Question 4 is worth 30 marks.
Consultation for the exam period will be posted on Moodle. Please note, however, that course
instructors are not able to discuss the content of the final examination during lectures or
consultation – and additional information about the examination would (if required) only be
posted on the course Moodle page.