Masterclass in Corporate Finance
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Masterclass in Corporate Finance Course
Introduction:
Every decision made within a business carries financial implications, as any action involving the use of money falls under the purview of corporate finance. Corporate finance is concerned with effectively raising and utilizing funds to maximize organizational value. It encompasses the management of financial resources and their sources.
Efficiently managing financial resources is essential for enhancing shareholder wealth and establishing a solid financial foundation for the company. Through the utilization of real-life local examples and case studies, the Corporate Finance Masterclass offers participants valuable insights into various aspects of corporate finance, including fund raising, mergers and acquisitions, private equity, and venture capital.
The Masterclass in Corporate Finance training course aims to equip participants with the knowledge and skills necessary to navigate the complexities of corporate finance. By fostering an understanding of different finance functions and capital budgeting techniques, participants will be able to evaluate various investment opportunities. Moreover, the course addresses practical challenges that may arise when raising funds and determining the optimal debt-equity ratio.
By drawing attention to a range of concerns within the field, this training course provides participants with a comprehensive understanding of corporate finance. Through interactive learning experiences and practical exercises, participants will gain the confidence needed to tackle corporate finance issues head-on.
By participating in this Masterclass, individuals will acquire the expertise needed to make informed financial decisions, contributing to the overall success of their organizations. Whether you are involved in financial management, investment analysis, or strategic planning, this course will equip you with the knowledge and skills required to navigate the intricacies of corporate finance effectively.
Course Objectives:
By the end of the Masterclass in Corporate Finance training Course, participants will be able to:
- Understand the need for corporate finance in the present era
- Calculate trade-off between risk and return profitability and liquidity
- Recognize various alternatives present to raise finance and choose what’s best for their organization
- Identify various investment avenues available for the commitment of funds and how to evaluate them using different techniques
- Perceive various financial objectives and differentiate between profit maximization and wealth maximization
- Understand capital structure theory and its practical applicability
- Comprehend dividend relevance and issues in dividend policy
- Know the principles of working capital management
Who Should Attend?
Masterclass in Corporate Finance training course, is ideal for :
• Investment bankers
• M&A analysts
• Corporate and banking lawyers
• Transactional accountants and managers
• Equity analysts
• Investment managers
• Treasurers and CFOs
• Credit analysts
• Private equity executives
• Analysts in corporate strategy divisions
• CEOs and board members looking to upskill to support strategic financial decisions
Course Outlines:
Introduction to corporate finance
- Understanding corporate finance and finance functions
- Profit maximization vs. wealth maximization
- Concept of time value and return
- Capital market theory
- Portfolio theory: Capital asset pricing model
- Agency problem
Capital Budgeting
- Need for investment decisions
- Investment evaluation criteria
- Non-discounted cash flow methods and techniques: Accounting rate of return, Payback period,
- Discounted cash flow methods and techniques: Internal Rate of Return (IRR), Net Present Value (NPV), Profitability index
- Estimating cost of capital: cost of debt, cost of preference capital, cost of equity capital
Capital structure and financing decision
- Relevance of capital structure: Net income approach
- Net operating income approach
- MM hypothesis
- Pecking Order theory
- EBIT-EPS analysis
- Financial and operating leverage
Long- term financing
- Capital market
- Shares: equity shares, rights issues, preference shares
- Debentures
- Asset-based financing
- Venture capital
Dividend decision and policy
- Dividend relevance: Walter’s model and Gordon’s model
- Issues in dividend policy
- Lintner’s model of corporate dividend
- Forms of dividend
- Deciding retention ratio and pay-out ratio
Working capital management
- Operating cycle and cash conversion cycle
- Fixed and fluctuating working capital
- Determinants of working capital
- Liquidity vs. profitability
- Estimating working capital needs
- Matching approach, conservative approach and aggressive approach
Corporate restructuring
- Introduction to corporate restructuring
- Mergers and acquisitions
- P/E and EPS analysis in mergers and acquisitions
- DCF approach
- Leveraged Buy-outs
International Financial Management
- Foreign exchange market
- Foreign exchange risks and hedging
- Exchange rate quotations and arbitrage
- Forwards, swaps and interest parity