CERTIFICATE IN MANAGERIAL FINANCE

Duration: 3 MONTHS

Course Syllabus

  • Introduction: 
    • Issues In Corporate Finance - Scope And Activities Of Corporate Finance, 
    • Role Of The Corporate Finance Manager, 
    • Key Goal Of Financial Management, 
    • The Agency Problem, 
    • Relationships With Financial Markets
  • Valuation Principles: 
    • Introduction To Time Value Of Money, 
    • Present Values; 
    • Single And Multiple Cash Flows
  • Bond Valuation : 
    • Interest Rates, 
    • Introduction To Bonds, 
    • Valuation Of Bonds
  • Share Valuation : 
    • Alternative Valuation Models
  • Valuation And The Firm : 
    • NPV, IRR And Other Investment Rules: 
    • Various Capital Budgeting Criteria, 
    • Application Of Criteria To Investment Proposals, 
    • Advantages And Disadvantages Of Each Criteria, 
    • Determination Of Relevant Cash Flows For Investment Analysis, 
    • Effects Of Corporate Taxes On Cash Flows
  • Capital Budgeting And Analysis : 
    • Applying NPV And IRR To Different Investment Proposals; 
    • Analysis Of Results
  • Risk And Return : 
    • Measurement Of Historical Returns On Assets And Portfolios; 
    • Lessons From History; 
    • Capital Market Efficiency; 
    • Expected Return On Assets And Portfolios; 
    • Diversification And Risk; 
    • Systematic And Unsystematic Risk; 
    • Security Market Line And The Capital Asset Pricing Model.
  • Cost Of Capital : 
    • Cost Of Equity Capital, 
    • Cost Of Preference Share Capital, 
    • Cost Of Debt Capital; 
    • Weighted Average Cost Of Capital And Investment Decisions; 
    • Divisional And Project Required Returns.
  • Capital Structure And Leverage : 
    • Types Of Long Term Capital, 
    • Modigliani And Miller Capital Structure Propositions, 
    • Effects Of Corporate Taxes, 
    • Effects Of Financial Distress, 
    • Optimal Capital Structure And Practical Financing Decision Making.
  • Dividend Policy : 
    • Dividend Payments; 
    • Relevance Of Dividend Policy; 
    • Low Payout Ratio Versus High Payout Ratio; 
    • Alternative Theories; 
    • Dividend Imputation; 
    • Bonus Issues And Share Splits.

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Eligibility

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