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Overview
This course has evolved out of
our work with in corporate treasurers on the one hand and
investment bankers on the other.
The demand has arisen because larger
corporates are increasingly undertaking more of their own
external corporate finance work as well as applying the principles
internally to the management of shareholder value.
Outline Content
- Investment appraisal using DCF (NPV,
IRR)
- Calculation and use of WACC within
groups
- Ungeared, geared and shareholder analysis
- Relating financial and accounting metrics
- Risk and optimal capital structure
within groups
- Funding subsidiaries, joint ventures,
projects
- Tax-efficient financing, risk management,
dividend policy
- Links to valuation principles and shareholder
value
Educational Note
The challenge of these courses
is to shift accounting / finance professionals away from an
accruals accounting mindset towards a market/economic model
for managing finance within large corporate groups.
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