The Complete Corporate Finance Course

An Overview of Corporate Finance: Funding Sources and Capital Structure

Corporate finance is the subfield of finance that deals with how corporations address funding sources. Corporate finance also deals with capital structuring, accounting, and investment decisions in order to maximize shareholder value. Corporate finance activities range from capital investment to tax considerations.

Targeted Audience for The Corporate Finance Course

• Aspiring financial analysts.
• Private equity analysts.
• Investment bankers.
• Financial advisors.
• Financial consultants.
• Entrepreneurs.
• CFO's.
• Investors.
• Entrepreneurs & Business Owners.
• Head of Financial Planning and Analysis.
• Portfolio Managers.

Targeted Organizational Departments for The Corporate Finance Course

• Finance Department.

• Project Office.

Targeted Industries for The Corporate Finance Course

• Corporate Finance is needed at every sector. whether it is IT, manufacturing, military, or health care.

Learning Outcomes:

By the End of This Course, Participants Will Be Able to:

• Acknowledge the principles of Corporate Governance.
• Identify Organization stakeholders & draw stakeholder mapping.
• Identify the risks and benefits of corporate governance.
• Understand the principal-agent relationship.
• Scan the environmental, social, and governance factors.
• Understand the Capital Budgeting.
• Acknowledge the principles of capital budgeting.
• Evaluate mutually exclusive projects. 
• Calculate and interpret net present value (NPV).
• Calculate and interpret IRR.
• Calculate and interpret the payback period.
• Calculate and interpret discounted payback period.
• Calculate and interpret the average accounting rate of return.
• Calculate and interpret the profitability index (PI).
• Compare the NPV and IRR methods.
• Discover issues associated with IRR.
• Understand the Cost of Capital.
• Compute and interpret the weighted average cost of capital (WACC) of a company.
• Explain how taxes affect the cost of capital from different capital sources.
• Acknowledge the target capital structure in estimating WACC.
• Understand how target capital structure weights may be determined.
• Understand the marginal cost of capital.
• Calculate the cost of preferred stock.
• Calculate the cost of equity using CAPM.
• Calculate the cost of equity using bond yield plus a risk premium, beta.
• Calculate the cost of capital for a project.
• Consider country risk premiums.
• Consider the marginal cost of the capital schedule.
• Consider the flotation costs.
• Understand the Leverage.
• Estimate corporate risk.
• Estimate sales risk.
• Estimate operating risk.
• Estimate financial risk.
• Calculate the degree of operating leverage.
• Calculate the degree of financial leverage.
• Calculate the degree of total leverage.
• Analyze the effect of financial leverage on a company’s net income and return on equity.
• Estimate the breakeven quantity of sales and determine the company's net income at various sales levels.
• Estimate the breakeven quantity of sales.
• Understand the Working Capital.
• Understand the trade receivables.
• Understand the inventories.
• Understand the trade payables.
• Understand the net working capital.
• Calculate the business cycle,
• Calculate the DSO, DPO, and DIO.
• Calculate the working capital efficiency.
• Calculate the receivables turnover.
• Calculate the inventory efficiency.

Course Toolbox

• Corporate Financial Formulas.
• Assignments and Quizzes.
• Course Material & Reading List.

Training Methodology:

Training is undertaken through lectures assisted by audio & visual presentations. Trainee participation is ensured through assignments. Case studies also will be discussed to help the trainees with the training content.

Trainees are encouraged to share experiences from their workplace. Real Life Experiences are discussed in detail by the trainer to encouraging learning by example  for this accounting training seminars.

Course Agenda:

Day (1) Working Capital Management Strategies  

• What is working capital?
• Liquidity Management Framework.
• Liquidity Measures.
• Asset Management Ratios Analysis.
• Payables Turnover Ratio.
• Liquidity Analysis (Example).
• Operating and Cash Conversion Cycles.
• Cash Conversion Cycle Formula.
• Net Daily Cash Position.
• Yields on short-term securities.
• Investment Policy Statement.
• Accounts Receivable Management.
• Inventory Management.
• Accounts Payable Management.
• Payable Turnover Ratio.
• Short-term Bank Funding Sources.
• Short-term Non-bank Funding Sources.

Day (2) Capital Budgeting and Capital Structure

•  The Capital Budgeting Process.
•  Basic Principles of Capital Budgeting.
•  Engaging with Multiple Projects at a Time.
•  Net Present Value (NPV).
•  Internal Rate of Return (IRR).
•  Payback Period.
•  Discounted Payback Period (DPBP).
•  Average Accounting Rate of Return (AAR).
•  Profitability Index (PI).
•  NPV Profile.
•  Compare the NPV and IRR Methods.
•  Problems Associated with IRR.
•  The Relation Between NPV and Share Price.

Day (3) The Cost of Capital

• What is the cost of capital?
• The Weighted Average Cost of Capital (WACC).
•  Effect of Taxes on the Cost of Capital.
• Use of Target Capital Structure in Estimating WACC.
• Marginal Cost of Capital (MCC).
• The MCC's Role in Determining the NPV.
• Calculating the Cost of Debt.
• The Cost of Preferred Stock.
• Calculating the Cost of Equity.
• Components of CAPM.
• Calculating the Cost of Equity with the Dividend Discount Model.
• Bond Yield Plus Risk Premium Approach.
• Calculating and Interpret Beta.
• Calculating a Project's Beta.
• Estimating the Cost of Equity for Developing Countries.
• Marginal Cost of Capital Schedule.
• Flotation Costs.

Day (4) Measuring financial leverage & Using A Financial Calculator

• Measures of Leverage.
• Business and Financial Risk.
• Calculating the Degree of Operating Leverage (DOL).
• Calculating the Degree of Financial Leverage (DFL).
• The Effect of Financial Leverage on a Company's NI and ROE.
• Calculating the Breakeven Quantity of Sales.
• Calculating the Operating Breakeven Quantity of Sales.
• Setting up the Financial Calculator.
• Basic Calculations.
• Time Value of Money.
• Cash Flow Analysis & Statistics.
• Depreciation and Breakeven.

Day (5) Introduction to Corporate Governance and ERG

• Corporate Governance: Description.
•  Stakeholder Groups and Their Interests
•  Stakeholder Conflicts
•  Stakeholders Mapping.
•  Stakeholder Management.
•  Governance Mechanisms.
•  Board of Directors & Boards Committees.
•  Factors Influencing Corporate Governance.
•  Corporate Governance: Risks and Benefits.
•  Principles of Corporate Governance Analysis.
•  Environmental Factors and Social Considerations in Investment Analysis.
•  ESG Investing vs Fiduciary Duties

Other Terms To Be Addressed In The Complete Corporate Finance Course

• Short term asset.
• Accounts payable turnover ratio.
• Leverage ratio.
• Asset allocation.
• Negative working capital.

Is This A Corporate Governance Training Program?

Corporate governance is the system of rules, practices, and processes. Companies uses Corporate governance to balance the interests of its many stakeholders. These stakeholders can include shareholders, senior management executives, customers, suppliers, financiers, the government, and the community.

Since corporate governance provides the framework for a company to attain its objectives, it encompasses almost every sphere of management. It starts At action plans and ends in performance measurement This course will tackle all of these points and more points on corporate governance.