Applied 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:
This course is designed for anyone who plays a role in corporate finance transactions and will enable you to fully understand the ins and outs of corporate finance activities. It will allow you to deepen your understanding of valuation - from the conceptual phase to the practical part of the application.


At the end of the course participants will be able to: Understand the importance of corporate finance . Determine how to calculate different types of capital structure . Determine how to calculate different types of capital structure . Calculate cost of equity and cost of debt and determine the WACC . Determine how investments can add value to the company . Understand the relevance of dividend policies . Apply different valuation techniques .


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
• Main activities involved with corporate finance

Financial decisions

• Relevance and importance of capital structure
• Impact of cost of capital
• Cost of capital
• Calculating the cost of equity
• Calculating the cost of debt
• WACC and why it is important
• Raising capital - Sources of capital, debt exposure, equity exposure

Investment decisions

• How to add value?
• Valuation concepts
• Merger and acquisitions - rationale of M and A activities, processes, practical examples
• Divestitures
• Other corporate activities such as spin-offs, split-offs, tracker stock etc
• Defence tactics

Dividend decisions

• Dividend policy - does it matter?, discuss important ratios:dividend yield, dividend coverage ratio
• Putting it all in perspective

Valuation application

• Value derivation
• Valuation techniques - absolute valuation
• DCF
• APV - Relative valuation
• Comparable companies
• Comparable transactions - special situation valuation
• Real option theory application
• Binomial valuation