Career – Career Training Courses – Corporate Finance
You may be familiar with WACC (Weighted Average Cost of Capital) already. You may also know a thing or two about CAPM
(Capital Asset Pricing Model). However, are you aware of all the conditions and limitations associated with them? Do you know
how to best apply them in various industries and for companies in various growth stages? How about other valuation approaches?
In this course, you will first get a holistic introduction of the history and current situation of US capital markets
(both debt and equity) and regulations. We will then talk about the core concepts of Corporate Finance from both theoretical
and practical standpoints. Before delving into valuation, we will introduce rating agencies' criteria and take a look at
various examples of capital structures first.
We will then talk about some commonly accepted valuation methodologies: Comparable Companies Approach, Precedent Transactions
Approach and Discounted Cash Flow Approach (both Exit Multiple method and Perpetuity Growth method).
We will not just stop there. Instead, we can continue to elaborate on the pros and cons of each method and introduce a few
other approaches for different industries such as LBO and Appraisal methods.
Debt markets are complicated, however, integral to the entire capital markets. We will spend some time talking about various
private and public debts available and the Sales and Trading activities involved. The course will also touch upon various SEC
(Securities Exchange Commission) filings and rules and the IPO (Initial Public Offering) process. In light of the change
in bankruptcy laws and many high-profiled corporate restructuring cases, we will introduce concepts about Solvency Opinion
and turnaround situations in the end.
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