Corporate Finance - AE0B16FIP

Credits 4
Semesters Both
Completion Assessment + Examination
Language of teaching English
Extent of teaching 2P+2S
Annotation
Principles of finance, present value and alternative cost of capital, financial calculus, long-term finance, valuation of bonds and stocks, investment decision and net present value, IRR, comparison time period, annual equivalent value, inflation and return, capital asset pricing model, portfolio, sensitivity analysis and risk, WACC.
Course outlines
1. Introduction to financial management
2. Accounting - principles, financial statements
3. Accounting 2 - analysis of statements, financial ratios
4. Present value concept, basic tasks
5. Advanced PV calculations - annuity and perpetuity factors, valuation of bonds
6. Financial decision criteria - NPV, IRR, payback period, profitability index
7. Complex tasks and NPV calculation
8. Valuation of common stock
9. Introduction to portfolio theory - diversification, beta coefficient
10. Risk and return - CAPM, APT
11. Capital budgeting and risk
12. Capital structure - WACC, leverage
13. Risk and project valuation - sensitivity analysis, scenario analysis, decision trees
14. Reserve lesson
Exercises outlines
1. Introduction to financial management
2. Accounting - principles, financial statements
3. Accounting 2 - analysis of statements, financial ratios
4. Present value concept, basic tasks
5. Advanced PV calculations - annuity and perpetuity factors, valuation of bonds
6. Financial decision criteria - NPV, IRR, payback period, profitability index
7. Complex tasks and NPV calculation
8. Valuation of common stock
9. Introduction to portfolio theory - diversification, beta coefficient
10. Risk and return - CAPM, APT
11. Capital budgeting and risk
12. Capital structure - WACC, leverage
13. Risk and project valuation - sensitivity analysis, scenario analysis, decision trees
14. Reserve lesson
Literature
1.Brealey, R.A., Myers, S.C. Allen F. Principles of Corporate Finance. McGraw-Hill. 2007
2.Sharpe, W.F., Alexander G.J. Investments. USA: Prentice-Hall, Inc. 1990

Requirements
No prerequisites.