Course Syllabus
Introduction to Corporate Finance
• Function and Objectives of Corporate Finance
• Stakeholder Objectives and Possible Conflicts
• Agency Problem and Control of the Corporation
Portfolio Management and Asset Pricing Theory
• The Return and Risk for Individual Securities and Portfolios
• The Efficient Frontiers / Sets
• The Capital Market Line
• Systematic Risk and Unsystematic Risk
• Diversification and Elimination of Unsystematic Risks
• The Capital Asset Pricing Model (CAPM)
Efficient Market Hypotheses
• Concepts of Efficient Markets
• Types of Efficient Capital Markets
• Evidence of Efficiency
• Challenges to the Market Efficiency
• Implications of EMH for Corporate Finance
Cost of Capital
• Cost of Equity
• Cost of Debt
• Overall Cost of Capital
• Circumstances use WACC in Investment Appraisal
• The Application of CAPM in Project Specific Cost of Capital
Capital Structure Policy
• Traditional View to Capital Structure
• Modigliani and Miller: Propositions (No Taxes)
• Modigliani and Miller Propositions (With Taxes)
• High Gearing Problems
• Pecking Order Theory
Mergers and Acquisitions
• Basic Forms of Acquisitions
• Determine Synergy from an Acquisition
• Reasons for Merger and Acquisitions
• Payment and Valuation Methods
• Evaluation of Firm before and after Acquisition
• Defensive Tactics
International Finance
• Spot and Forward Rates
• Types of Foreign Currency Risks
• Causes of Exchange Rate Fluctuations
• Forecast of Exchange Rates using PPPT and IRPT
• Basic Methods of Foreign Risk Management
• Risk Management for Interest Rate
Dividend Policy
• Dividend Decision
• Dividend Irrelevancy Theory
• Dividend Residual Theory
• Relevance of Dividend
• Dividend Signaling
• Stock Repurchase
• Scrip Dividend or Scrip Issue
• Function and Objectives of Corporate Finance
• Stakeholder Objectives and Possible Conflicts
• Agency Problem and Control of the Corporation
Portfolio Management and Asset Pricing Theory
• The Return and Risk for Individual Securities and Portfolios
• The Efficient Frontiers / Sets
• The Capital Market Line
• Systematic Risk and Unsystematic Risk
• Diversification and Elimination of Unsystematic Risks
• The Capital Asset Pricing Model (CAPM)
Efficient Market Hypotheses
• Concepts of Efficient Markets
• Types of Efficient Capital Markets
• Evidence of Efficiency
• Challenges to the Market Efficiency
• Implications of EMH for Corporate Finance
Cost of Capital
• Cost of Equity
• Cost of Debt
• Overall Cost of Capital
• Circumstances use WACC in Investment Appraisal
• The Application of CAPM in Project Specific Cost of Capital
Capital Structure Policy
• Traditional View to Capital Structure
• Modigliani and Miller: Propositions (No Taxes)
• Modigliani and Miller Propositions (With Taxes)
• High Gearing Problems
• Pecking Order Theory
Mergers and Acquisitions
• Basic Forms of Acquisitions
• Determine Synergy from an Acquisition
• Reasons for Merger and Acquisitions
• Payment and Valuation Methods
• Evaluation of Firm before and after Acquisition
• Defensive Tactics
International Finance
• Spot and Forward Rates
• Types of Foreign Currency Risks
• Causes of Exchange Rate Fluctuations
• Forecast of Exchange Rates using PPPT and IRPT
• Basic Methods of Foreign Risk Management
• Risk Management for Interest Rate
Dividend Policy
• Dividend Decision
• Dividend Irrelevancy Theory
• Dividend Residual Theory
• Relevance of Dividend
• Dividend Signaling
• Stock Repurchase
• Scrip Dividend or Scrip Issue
Frequently Asked Questions
Q1 : Can I get the certificate upon completion of the course
A1 : Yes, of course, you will be rewarded with the certificate of completion
Q2 : Is the course requires knowledge of other disciplines?
A2 : It is a value added if you can integrate knowledge from various disciplines
Q3 : How to complete the course?
A3 : Fulfill all continuous assessment and final examination
Q4 : Who should enroll the course?
A4 : Any persons who love to learn accounting and finance
Q5 : What are the most difficult topics in the course?
A5 : Depends on the student because different students have different ability.
A1 : Yes, of course, you will be rewarded with the certificate of completion
Q2 : Is the course requires knowledge of other disciplines?
A2 : It is a value added if you can integrate knowledge from various disciplines
Q3 : How to complete the course?
A3 : Fulfill all continuous assessment and final examination
Q4 : Who should enroll the course?
A4 : Any persons who love to learn accounting and finance
Q5 : What are the most difficult topics in the course?
A5 : Depends on the student because different students have different ability.