FINANCIAL ACUMEN (CORPORATE FINANCE)
This course is developed based on Columbia Business School’s MBA Core Course B6300-001.
Every decision made by a business manager has financial implications. As businesses expand globally and markets become more volatile, it is essential that managers develop the financial acumen so that they can make astute financial decisions to deliver the greatest value to their stakeholders.
Not surprisingly, as managers rise up the corporate ladder, their performance is increasingly measured and rewarded based on the financial metrics they deliver. Managers have to invest the firm’s scarce resources wisely. To do so they need to have frameworks to evaluate multiple projects and select the best opportunities, balance the tension between growth and profits and optimize the risk-reward payoffs.
a) Pre-Course Participant Survey
b) Pre-Reads on:
– Time Value of Money
– Future Value & Compounding
– Net Present Value
a) Valuation Basics
b) Rate of Return, Future Value & Compounding
c) Time Value of Money:
– Computronics Example
– Net Present Value
– Special Cash Flow Cases
d) Leveraged Buy Outs – Examples
a) Individual Assignment – Problem Set
a) Read – The Chocolat Cordon Rouge Case (Columbia Caseworks)
a) Capital Budgeting:
– NPV Rule
– The Internal Rate of Return (IRR) Rule
– The Payback Rule
b) Incremental Cash Flows
c) Chocolat Cordon Rouge – Case Debrief
a) Peer Learning Circle – Chocolat Cordon Case Discussion
a) Read – Free Cash Flows
a) Corporate Valuation Methods: Example – Vandelay Industries
b) Equity Valuation Method
c) Firm Valuation Method – Using Free Cash Flows
d) Growth & Value
e) Market vs Book Values
a) Real-World Assignment:
– Calculate the Free Cash Flows for Apple
– Calculate Apple’s Cumulative Discounted Cash Flow
a) Read – Clarksons Lumber Case (Harvard Business School)
a) Financial Ratios and Projections
b) Calculating Free Cash Flows
c) Residual Values
d) Non-Operating Assets
e) Value of Debt
f) Scenario Planning
a) Assignment: Project Free Cash Flow for Clarksons
a) Risk & Return
b) Betas & Tiffany Example
c) Market Risk and Idiosyncratic Risk
d) Capital Asset Pricing Model
e) Discount Rate for Free Cash Flows
f) Valuation using Multiples
g) Commonly Used Multiples
a) Real World Assignment: Value Apple using Multiples
b) Peer Learning Circle:
– What are your key takeaways?
– Which concepts you can apply at your work?
– If you were to have a conversation with your CFO, what questions would you ask to get a sense of your company’s valuation?
Stefan H. Robock Professor of Finance and Economics
EMERITUS follows a unique online model. This model has ensured that nearly 90 percent of our learners complete their course.
- Orientation Week
The first week is orientation week. During this week you will be introduced to the other participants in the class from across the world. You will also learn how to use the learning platform and other learning tools provided.
- Weekly Goals
On other weeks, you have learning goals set for the week. The goals would include watching the video lectures and completing the assignments. All assignments have weekly deadlines.
- Recorded Video Lectures
The recorded video lectures are by faculty from the collaborating university.
- Live Webinars
Every few weeks, there are live webinars conducted by EMERITUS course leaders. Course leaders are highly-experienced industry practitioners who contextualize the video lectures and assist with questions you may have regarding your assignments. Live webinars are usually conducted between 1 pm and 3 pm UTC on Tuesdays and Wednesdays.
- Clarifying Doubts
In addition to the live webinars, for some courses, the course leaders conduct Office Hours, which are webinar sessions that are open to all learners. During Office Hours, learners ask questions and course leaders respond. These are usually conducted every alternate week to help participants clarify their doubts pertaining to the content.
The EMERITUS Program Support team members will follow up and assist over email and via phone calls with learners who are unable to submit their assignments on time.
- Continued Course Access
You will continue to have access to the course videos and learning material for up to 12 months from the course start date.
EMERITUS Program Support Team
If at any point in the course you need tech, content or academic support, you can email program support and you will typically receive a response within 24 working hours or less.
You can access EMERITUS courses on tablets, phones and laptops. You will require a high-speed internet connection.
On completing the course you join a global community of 5000+ learners on the EMERITUS Network. The Network allows you to connect with EMERITUS past participants across the world.
ADMISSION & FEES
DURATION AND COURSE FEE
- Starts TBD
- 2 Months
- 2 – 4 hours per week
- Course Fees USD 1,200
- You can pay for the course either with an international debit or credit card (unfortunately we are unable to accept Diners credit cards), or through a bank wire transfer. On clicking the apply now button below, you will be directed to the application form and the payment page.
- We provide deferrals and refunds in specific cases. The deferrals and refund policy is available here.
- You will be provided a course login within 48 hours of making a payment.
- Please provide your work experience and your current employer via the application.
- You can apply by clicking the Apply Now button
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