Masterclass in Corporate Finance Course
Accounting, Finance and Budgeting Training

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Masterclass in Corporate Finance Course
Course Overview:
The Masterclass in Corporate Finance course equips participants with essential concepts and tools used in corporate finance. Participants will be able to evaluate risk and return, raise necessary capital, and evaluate multiple investments using various valuation approaches at the end of the course.
The course addresses such topics as capital structure theory, dividend policy, and working capital management which explains the financing of the firm and its long term finance strategies. Concepts like mergers and acquisitions, corporate restructuring, and cross-border financial management are also discussed preparing managers to enable strategic financial decisions.
This course is suitable for cb investment bankers, chief financial officers, private equity managers and other practitioners in corporate finance in order to improve their ability to carry out and manage complex financial processes in support of the entity’s growth.
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