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Micro-credential certification in Corporate Finance MFN6023 (MFP) **

Overview: 

This course aims to introduce students to the responsibilities of a corporate financial manager. Coverage includes evaluation of investment and financing alternatives, working capital management, and determination of capital structure and dividend policy.

Emphasis is placed on the analytical aspects of the decision making process to enable students to form their own judgment in the dynamic business world.

** indicates that these programmes will be offered soon

Programme Fee

Awarding Body: 

This programme is designed, delivered, assessed and awarded by SEGi University through the SEGiUniDigital Platform. 

Discipline: 
Business & Accounting
Entry Requirements: 

Entry Requirements - No 
Age - 23 Years Above 
Experience - No
Language Proficiency - Yes 
Numeracy Proficiency - No 
Prerequisites - No
Others - No

Contents: 
  1. OBJECTIVES AND ROLES OF FINANCIAL MANAGERS
    1. the four types of firms
    2. ownership versus control of corporations
    3. the stock market
    4. corporate governance and agency costs
    5. types of directors
    6. managing agency conflict
  2. FINANCIAL MATHEMATICS
    1. the timeline
    2. valuing a stream of cash flows
    3. future value of cash flow stream
    4. calculating the net present value
    5. perpetuities and annuities
    6. growing cash flows
    7. Bond Market
  3. RISK AND RETURN
    1. common measures of risk and return
    2. expected return
    3. variance and standard deviation
    4. common versus independent risk
    5. measuring systematic risk
    6. beta and the cost of capital
    7. the expected return of a portfolio
    8. the efficient portfolio and required returns
    9. the capital asset pricing model
  4. INVESTMENT EVALUATION TECHNIQUES
    1. NPV and Stand-Alone Projects
    2. The Internal Rate of Return (IRR) Investment Rule
    3. The Payback Rule
    4. Profitability IndexChoosing Between Projects
    5. Choosing Between Projects
  5. CURRENT ASSET MANAGEMENT
    1. overview of working capital
    2. the cash cycle
    3. firm value and working capital
    4. trade credit
    5. receivables management
    6. payables management
    7. inventory management
    8. cash management
    9. forecasting short-term financing needs
    10. the matching principle
  6. THE CAPITAL MARKETS AND SOURCES OF FINANCING
    1. bond cash flows, prices, and yields
    2. zero-coupon bonds
    3. zero-coupon bonds
    4. dynamic behaviour of bond prices
    5. time and bond prices
    6. the matching principle
    7. equity financing for private companies
    8. the initial public offering
    9. the seasoned equity offering
    10. the dividend discount model
  7. CAPITAL STRUCTURE AND COST OF CAPITAL
    1. the equity cost of capital
    2. value-weighted portfolios
    3. the debt cost of capital
    4. a project’s cost of capital
    5. cash and net debt
    6. weighted average cost of capital
  8. DIVIDENDS AND PAYOUT POLICIES
    1. distribution to shareholders
    2. dividends
    3. share repurchases
    4. modigliani–miller and dividend policy irrelevance
    5. the tax disadvantage of dividends
    6. payout versus retention of cash
    7. signalling with payout policy
    8. stock dividends, splits, and spin-offs
  9. FINANCIAL ANALYSIS AND FORECASTING
    1. forecasting earnings
    2. revenue and cost estimates
    3. incremental earnings forecast
    4. capital expenditures and depreciation
    5. interest expense
    6. sunk costs and incremental earnings
    7. analysing the project
    8. sensitivity analysis
    9. scenario analysis
Assessments: 

Written assignment - 40%
Project paper - 60%