Introduction to Corporate Finance

In addition to your class tuition and study materials, you will receive the following:


Complimentary e-learning module
Case Study

• Case study material

Other Extras

• Suggestions for further reading
  
• Certificate of attendance

Level: Intermediate


Synopsis:
Corporate finance is key to many companies as it is a key determinant of their value. This one day course will explore the key drivers of corporate finance showing you the theoretical principles behind corporate finance and focusing on practical application. Case studies incorporating recent transactions will be used to explain the broad range of activities and the rationale behind them.


At the end of the course participants will be able to: Understand what corporate finance is . Define corporate finance transactions . Highlight the key drivers behind corporate finance . Understand the importance of capital structure . Calculate cost of capital . Determine how to maximise value .


Prerequisites:
Basic numerical skills


Suitable For:
Anyone who is exposed to corporate finance activities and company valuation


Corporate finance

• What is corporate finance?
• The importance of corporate finance
• Key constituents of corporate finance
• Corporate finance from bank and corporate viewpoint
• The role of private equity
• Main activities involved with corporate finance

Financial structure

• Relevance and importance of capital structure
• Impact of cost of capital
• Determination of the optimal capital structure
• Look at practical examples

Markets and products

• Sources of capital
• Differentiate debt and equity exposure - instruments, valuation, process
• Review recent examples

Cost of capital

• Business valuation and shareholder wealth
• Calculating the cost of equity - dividend valuation model, CAPM
• Calculating the cost of debt - basic bond mathematics, yield to maturity approach, accounting for the tax shield
• WACC and why it is important
• Degree of financial leverage

Investment decisions

• How to add value?
• Valuation concepts
• Merger and acquisitions - rationale of M
• Divestitures
• Other corporate activities