Corporate Finance: Practical Applications (Currently Unavailable)

Author: Steven Bragg

Corporate Finance follows the flow of funds through a business, including fund raising, internal cash management, and the deployment of funds to dividends, capital expenditures, investments, and acquisitions.

This course is intended to give the professional manager direction regarding how to develop an appropriate capital structure and determine the best types of debt and equity funding. Additional tools are provided for calculating the cost of capital and constructing cash flows to analyze potential cash uses. Full coverage of risk management for foreign exchange and interest rates is also included.

Publication Date: November 2014

Topics Covered

• Overview of Corporate Finance
• Capital Structure
• Financial Planning
• Early-Stage Financing
• The Initial Public Offering
• Debt Financing
• Leasing
• The Cost of Capital
• Discounted Cash Flows
• Working Capital Management
• Capital Expenditures
• Investment Alternatives
• Dividends and Other Payouts
• Mergers and Acquisitions
• Foreign Exchanges Risk Management
• Interest Rate Risk Management
• Supply Chain Financing
• Corporate Finance Measurements

Learning Objectives

• Recognize the players involved in the practice of corporate finance.
• Note the components of capital structure, and the situations that may call for its revision.
• Identify the methods used to construct financial plans, and the reliability of the component information.
• Note the negative aspects associated with the use of certain types of early-stage financing.
• Recognize the steps involved in the initial public offering, and the restrictions placed on a business during that time.
• Identify the different techniques available for selling shares outside of an initial public offering, and the restrictions associated with their use.
• Identify the terms associated with the different types of debt financing.
• Note the characteristics of the different types of leases.
• Identify the formula components for the cost of capital, and the costs associated with each one.
• Recognize the different discounted cash flow concepts, and how they are used.
• Identify the techniques used to control the amount of funds invested in working capital.
• Cite the alternatives available for determining the worthiness of proposed capital expenditures.
• Identify the different investment strategies, and the characteristics of the more common financial instruments.
• Identify the dividend payout formula, the implications of a high ratio, and the impact on investors when dividends are first issued.
• Recognize the different types of acquisition strategies and valuation methods, as well as the implications of making different types of payment offers to the owners of an acquisition target.
• Note the hedging techniques used to mitigate foreign exchange risk.
• Cite the hedging techniques used to mitigate interest rate risk.
• Identify the conditions under which supply chain financing is most likely to be accepted by suppliers.
• Recognize the ratios used to measure the ability to pay, and the contents of the ratio formulas.

Level
Overview

Instructional Method
Self-Study

NASBA Field of Study
Finance (15 hours)

Program Prerequisites
None

Advance Preparation
None