Description
Corporate Finance is an important foundation for all financial decisions of a firm. A vast range of business decisions from credit analysis to merger and acquisition activity require knowledge of basic financial principles. These basic principles are taught in a course by a seasoned instructor who will use both theory and practical applications. While there are procedures and formulas, they need to be integrated with good business judgments. Included in the practical applications will be exercises and reference to a company cases. The eventual objective will be to explore methods of valuating a firm and enhancing it with various corporate finance strategies.
What you will learn
- Solve problems using various time value of money concepts
- Identify statistical issues
- Identify the relevant costs in a project
- Calculate and compare advantages and weaknesses of capital budgeting techniques, especially the NPV and IRR of a project
- Demonstrate how different qualitative factors impact on value
- Calculate free cash flow forecasts and the challenges in determining their proper use
- Calculate the terminal value of a business and determine its appropriate use
- Calculate the enterprise and equity value of a business
- Discuss Behavioral Issues
- Discuss Relative Valuations Techniques among comparable companies
- Explain why WACC is used to discount company free cash flows
- Calculate WACC, cost of debt and cost of equity
- Discuss other valuation methods including CAPM and Arbitrage Pricing Theory
- Determine the optimal capital structure of a company and its dividend policy
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