In this course, participants will learn about the key financial decisions modern corporations face, as well as the alternative methods that can be employed to optimize the value of the firm’s assets. This is part of a Specialization in corporate finance created in partnership between the University of Melbourne and Bank of New York Mellon (BNY Mellon).
Este curso faz parte do Programa de cursos integrados Essentials of Corporate Finance
Corporate Financial Decision-Making for Value Creation
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Programa - O que você aprenderá com este curso
Semana
1Alternative Approaches to Making the Optimal Investment Decision
This week we will define and explain the key approaches to investment evaluation utilized by corporations around the world. We will also consider the way in which sensitivity analysis might be employed so as to provide information to management beyond the simple “invest-don’t-invest” decision.
7 vídeos (total de (Total 56 mín.) min), 7 leituras, 2 testes
7 videos
1.0 Welcome and Introduction4min
1.1 Discounted Cash Flow Analysis8min
1.2 Net Present Value Analysis9min
1.3 Internal Rate of Return Analysis11min
1.4 Alternatives to DCF Techniques8min
1.5 Sensitivity Analysis11min
7 leituras
Course Syllabus10min
Your Teaching Team10min
Week 1 Outline10min
Start of Course Survey10min
Resources10min
Social Media10min
Study Tools and Tips10min
2 exercícios práticos
Week 1 practice quiz - This quiz does not contribute to your final grade20min
Week 1 graded quiz - This quiz contributes 10% towards your final grade20min
Semana
2Raising Capital and the Choices Firms Face
In week 2 we will explain the mechanics behind how firms go to the market via an initial public offering (IPO) to raise new equity capital. We then demonstrate the impact of introducing debt on the returns to shareholders and highlight the different factors that influence debt levels for firms operating in different industries. We conclude by considering how firms make decisions about the optimal level of profits that should be returned to shareholders.
8 vídeos (total de (Total 57 mín.) min), 1 leitura, 2 testes
8 videos
2.1 Raising Equity Capital 1: The IPO Process6min
2.2 Raising Equity Capital 2: IPO Underpricing7min
2.3 Raising Debt Capital 1: Introducing Financial Risk5min
2.4 Raising Debt Capital 2: Explaining Differences in Debt Levels14min
2.5 The Payout Decision12min
BNY Mid Course Check-in7min
Mid Course Check-in with Sean Pinder1min
1 leituras
Week 2 Outline10min
2 exercícios práticos
Week 2 practice quiz - This quiz does not contribute to your final grade30min
Week 2 graded quiz - This quiz contributes 10% towards your final grade30min
Semana
3Creating Value via Takeovers, Mergers and Corporate Restructuring
During week 3 we will explain how takeovers and mergers occur in practice, define the key terms used in the analysis of markets for corporate control and then develop an understanding of how changes in control might be objectively assessed via financial analysis. In addition to answering the question “how might we create wealth through growth?” we will also consider how value might be created by getting smaller in our review of the impact of corporate restructuring on shareholder wealth.
6 vídeos (total de (Total 58 mín.) min), 1 leitura, 2 testes
6 videos
3.1 The Anatomy of an Acquisition7min
3.2 The Financial Evaluation of a Takeover12min
3.3 Establishing the Economic Rationale for Takeover Activity12min
3.4 Corporate Restructuring via Spinoffs, Divestitures and Equity Carve-outs8min
3.5 Empirical Evidence of the Wealth Impact of Mergers, Acquisitions and Corporate Restructuring10min
1 leituras
Week 3 Outline10min
2 exercícios práticos
Week 3 practice quiz - This quiz does not contribute to your final grade30min
Week 3 graded quiz - This quiz contributes 10% towards your final grade30min
Semana
4Alternative Approaches to Risk Management
In the final week of this course we define and demonstrate the use of different derivative securities in risk management including; forwards, futures and option contracts. We explain the key drivers of option values and explain how options might be combined to provide different payoff structures. We conclude by considering how risk management might create value for shareholders.
6 vídeos (total de (Total 50 mín.) min), 4 leituras, 4 testes
6 videos
4.0 Introduction2min
4.1 Using Forwards and Futures to Manage Risk9min
4.2 Introducing Options11min
4.3 The Drivers of Option Values11min
4.4 Caps, Floors and Collars3min
4.5 Why Manage Risk?10min
4 leituras
Week 4 Outline10min
Academic Integrity10min
Where To From Here? The Next Step.10min
End of Course Survey10min
3 exercícios práticos
Week 4 practice quiz - This quiz does not contribute to your final grade30min
Week 4 graded quiz - This quiz contributes 10% towards your final grade30min
Course Final Exam - This quiz contributes 40% towards your final grade18min
Melhores avaliações
por MG•Sep 15th 2018
Amazing course, appreciated the structure and contents. The industry examples are well tied with the concepts and help gain a deeper insight into their practical applications.
por MS•May 5th 2018
The course is structured well to give in depth knowledge about derivatives and the process of mergers and acquisitions, which are the two major topic discussed in the course.
Instrutores
Paul Kofman
Dean, Faculty of Business and EconomicsSidney Myer Chair of Commerce
Sean Pinder
Associate ProfessorFaculty of Business and Economics
Sobre The University of Melbourne
The University of Melbourne is an internationally recognised research intensive University with a strong tradition of excellence in teaching, research, and community engagement. Established in 1853, it is Australia's second oldest University.
Sobre o Programa de cursos integrados Essentials of Corporate Finance
You will gain a firm understanding of corporate finance, including accounting principles and financial analysis, how value is created by global markets, the choices firms face when making financial decisions and defining attitudes towards risk. The Specialization concludes with a Capstone project that allows you to apply the skills you've learned throughout the courses.
Perguntas Frequentes – FAQ
Quando terei acesso às palestras e às tarefas?
Ao se inscrever para um Certificado, você terá acesso a todos os vídeos, testes e tarefas de programação (se aplicável). Tarefas avaliadas pelos colegas apenas podem ser enviadas e avaliadas após o início da sessão. Caso escolha explorar o curso sem adquiri-lo, talvez você não consiga acessar certas tarefas.
O que recebo ao me inscrever nesta Especialização?
Quando você se inscreve no curso, tem acesso a todos os cursos na Especialização e pode obter um certificado quando concluir o trabalho. Seu Certificado eletrônico será adicionado à sua página de Participações e você poderá imprimi-lo ou adicioná-lo ao seu perfil no LinkedIn. Se quiser apenas ler e assistir o conteúdo do curso, você poderá frequentá-lo como ouvinte sem custo.
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