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BUNDLE: Mastering Corporate Finance

$6,290.00 $7,400.00 Save $1,110.00
BUNDLE: Mastering Corporate Finance

Map - NYU Stern School of Business

Location

NYU Stern School of Business
44 West 4th Street
New York, NY 10012

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BUNDLE: Mastering Corporate Finance

$6,290.00 $7,400.00 Save $1,110.00
Overview

In order to make the best finance and investing decisions, executives must have a strong understanding of fundamental techniques in corporate finance. They can then employ strategies that ultimately maximize firm and shareholder value. The two courses included in the Mastering Corporate Finance bundle will enhance your skills and empower you to make informed decisions that increase value for your organization.

Courses Included
Certificates and Credits

Upon completion of this course, participants will receive a Certificate of Achievement. This program is also eligible for Continuing Professional Education (CPE) credits through NASBA.

Program Takeaways

During this course, participants will:

  • Value

    Learn how to make value-maximizing investment decisions
  • Decision Rules

    Appreciate the uses and misuses of popular decision rules (NPV, IRR)
  • Forecasting

    Analyze and make cash flow forecasts from projected income statements
  • Leverage

    Learn the benefits, costs and risks associated with leverage and appreciate popular fallacies, such as “debt is cheap and equity is expensive”
  • Capital Structure

    Analyze how firms determine their optimal capital structure and use debt tax shields increase the value of their business
  • Methods

    Utilize rigorous methods to account for leverage in equity or firm valuation, as well as investment decisions

Who Should Attend

Although there are no formal education or background requirements, this course is designed for executives who meet the criteria below. While we strongly encourage global participation, please note that all courses are taught in English. Proficiency in written and spoken English is required.

  • Years of Experience

    Designed for professionals with 5+ years of work experience
  • Job Functions

    Ideal for professionals who need to make investment or financing decisions, or who frequently communicate with financial decision makers
  • Prerequisites

    Intended for individuals who want to improve their financial literacy

Agenda

The following agenda is a sample and subject to change.

Understanding the Basics of Corporate Finance

8:30 am - 9:00 am: Breakfast
Session 1: Discounted Cash-Flow Analysis and Rules to Make Investment Decisions
  • Present Values, Perpetuities, Annuities
  • Net Present Value Rule, Internal Rate of Return (IRR) Rule
  • Shortcomings of the IRR Rule
  • Payback Rule
  • Capital Budgeting
12:30 pm - 1:30 pm: Lunch
Session 2: Real Options
  • Option to Wait and the Value of New Information
  • Option to Expand
  • Option to Scale Investments Up or Down
5:00 pm - 6:00 pm: Networking Reception

Understanding the Basics of Corporate Finance

8:30 am - 9:00 am: Breakfast
Session 3: Cash Flows
  • Five Steps of Project Valuation
  • What are Cash Flows?
  • Making Cash-Flow Forecasts: Investments, Recoveries, Depreciation, Sunk Costs, Opportunity Costs, Operating Cash Flows, Capital Gains and Losses, Working Capital
12:30 pm - 1:30 pm: Lunch
Session 4: Cost of Capital
  • Capital Asset Pricing Model
  • “Pure Play Approach” to Assess Project Risk
  • Market Price of Risk
  • Weighted Average Cost of Capital
5:00 pm - 5:30 pm: CF1 Program Conclusion and Evaluations

Advanced Corporate Finance

8:30 am - 9:00 am: Breakfast
Session 1: Capital Structure I
  • Review: Capital Asset Pricing Model
  • Modigliani-Miller I: Leverage and Firm Value
  • Modigliani-Miller II: Leverage and Equity Risk
  • Cost of Capital Fallacy
12:30 pm - 1:30 pm: Lunch
Session 2: Capital Structure II
  • Leverage, Information, and Incentives
  • Interest Tax Shields
  • The “Low Leverage Puzzle”
  • Costs of Financial Distress
  • Optimal Capital Structure
5:00 pm - 6:00 pm: Networking Reception

Advanced Corporate Finance

8:30 am - 9:00 am: Breakfast
Session 3: Case Study: UST, Inc.
  • Costs and Benefits of Leverage
  • UST’s Leveraged Recapitalization
  • Computing UST’s Optimal Capital Structure
12:30 pm - 1:30 pm: Lunch
Session 4: Leverage, Valuation and Investment Decisions
  • Weighted Average Cost of Capital (WACC) Method
  • Adjusted Present Value (APV) Method
  • Examples: ABC Inc., Candy Company, Singer Corp.
5:00 pm - 5:30 pm: CF2 Program Conclusion and Evaluations