BUNDLE: Mastering Corporate Finance
BUNDLE: Mastering Corporate Finance
PLEASE NOTE: This program is currently being taught as a live online course. See agenda below for schedule.
In order to make the best finance and investing decisions, executives must have a strong understanding of fundamental techniques in corporate finance. They can then employ strategies that ultimately maximize firm and shareholder value. The two courses included in the Mastering Corporate Finance bundle will enhance your skills and empower you to make informed decisions that increase value for your organization.
- Understanding the Basics of Corporate Finance
- Advanced Corporate Finance: Strategies for Optimizing Capital Structure and Maximizing Shareholder Value
Upon completion of this course, participants will receive a Certificate of Achievement.
Program Takeaways
During this course, participants will:
-
Value
Learn how to make value-maximizing investment decisions -
Decision Rules
Appreciate the uses and misuses of popular decision rules (NPV, IRR) -
Forecasting
Analyze and make cash flow forecasts from projected income statements -
Leverage
Learn the benefits, costs and risks associated with leverage and appreciate popular fallacies, such as “debt is cheap and equity is expensive” -
Capital Structure
Analyze how firms determine their optimal capital structure and use debt tax shields increase the value of their business -
Methods
Utilize rigorous methods to account for leverage in equity or firm valuation, as well as investment decisions
Who Should Attend
Although there are no formal education or background requirements, this course is designed for executives who meet the criteria below. While we strongly encourage global participation, please note that all courses are taught in English. Proficiency in written and spoken English is required.
-
Years of Experience
Designed for professionals with 5+ years of work experience -
Job Functions
Ideal for professionals who need to make investment or financing decisions, or who frequently communicate with financial decision makers -
Prerequisites
Intended for individuals who want to improve their financial literacy
Agenda
The following agenda is a sample and subject to change.
Understanding the Basics of Corporate Finance
This agenda has been modified for live online instruction. Please note there will be a 30-minute break from 12:00 - 12:30 pm ET.
10:00 am - 2:30 pm ET
Session 1: Discounted Cash-Flow Analysis and Rules to Make Investment Decisions
- Present Values, Perpetuities, Annuities
- Net Present Value Rule, Internal Rate of Return (IRR) Rule
- Shortcomings of the IRR Rule
- Payback Rule
- Capital Budgeting
Session 2: Real Options
- Option to Wait and the Value of New Information
- Option to Expand
- Option to Scale Investments Up or Down
Understanding the Basics of Corporate Finance
This agenda has been modified for live online instruction. Please note there will be a 30-minute break from 12:00 - 12:30 pm ET.
10:00 am - 2:30 pm ET: Session 3: Cash Flows
- Five Steps of Project Valuation
- What are Cash Flows?
- Making Cash-Flow Forecasts: Investments, Recoveries, Depreciation, Sunk Costs, Opportunity Costs, Operating Cash Flows, Capital Gains and Losses, Working Capital
Understanding the Basics of Corporate Finance
This agenda has been modified for live online instruction. Please note there will be a 30-minute break from 12:00 - 12:30 pm ET.
10:00 am - 2:30 pm ET: Session 4: Cost of Capital
- Capital Asset Pricing Model
- “Pure Play Approach” to Assess Project Risk
- Market Price of Risk
- Weighted Average Cost of Capital
Advanced Corporate Finance
This agenda has been modified for live online instruction. Please note there will be a 30-minute break from 12:00 - 12:30 pm ET.
10:00 am - 2:30 pm ET: Session 1: Capital Structure
- Review: Capital Asset Pricing Model
- Modigliani-Miller I: Leverage and Firm Value
- Modigliani-Miller II: Leverage and Equity Risk
- Cost of Capital Fallacy
- Leverage, Information, and Incentives
- Interest Tax Shields
- The “Low Leverage Puzzle”
- Costs of Financial Distress
- Optimal Capital Structure
Advanced Corporate Finance
This agenda has been modified for live online instruction. Please note there will be a 30-minute break from 12:00 - 12:30 pm ET.
10:00 am - 2:30 pm ET: Session 2: Case Study: UST, Inc.
- Costs and Benefits of Leverage
- UST’s Leveraged Recapitalization
- Computing UST’s Optimal Capital Structure
Advanced Corporate Finance
This agenda has been modified for live online instruction. Please note there will be a 30-minute break from 12:00 - 12:30 pm ET.
10:00 am - 2:30 pm ET: Session 3: Leverage, Valuation and Investment Decisions
- Weighted Average Cost of Capital (WACC) Method
- Adjusted Present Value (APV) Method
- Examples: ABC Inc., Candy Company, Singer Corp.
Join Our Mailing List
Stay up to date on new courses, special events, free content and more. Enter your email address below to subscribe.