Corporate Finance Administration

Video Lectures

Displaying all 20 video lectures.
Lecture 1
Finance and the Financial Manager
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Finance and the Financial Manager

Finance and the Financial Manager, Organizational Structures, Role of The Financial Manager, Introduction to Health Care Finance, Potential Solutions, Financial Analyses and Decisions.


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Lecture 2
Financial Math I
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Financial Math I

- Time value of money (and anything)

- Future value and interest accumulation

- Present value and discounting



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Lecture 3
Financial Math II
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Financial Math II

- Compounding

- PV of Cash Flow Stream

- Perpetuities

- Annuities

- Real v. Nominal Interest (and Discount) Rates (inflation)



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Lecture 4
Valuing Stocks and Bonds
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Valuing Stocks and Bonds

- Bond Valuation - annuities

- Common Stock Trading

- Stock Valuation

- Estimating the Cost of Equity Capital

- Stock Valuation - perpetuities

- Some Stock Valuation Terminology



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Lecture 5
Net Present Value
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Net Present Value

- NPV and PV

- NPV Rule

- Internal Rate of Return (IRR)

- NPV and IRR

- NPV and PMT

- Payback Period



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Lecture 6
Capital Expenditures Analysis
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Capital Expenditures Analysis

- Characterize Project

- Estimate Cash Flows

- Determine the Discount Rate

- Calculate NPV



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Lecture 7
Capital Expenditure Risk Analysis
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Capital Expenditure Risk Analysis

- Sensitivity Analysis

- Break Even Analysis

- Scenario Analysis

- Monte Carlo Simulation

- Real Options and Decision Trees

- Risk-Adjusted Discount Rate



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Lecture 8
Capital Expenditure and Strategy
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Capital Expenditure and Strategy

- Where does positive NPV come from?

- Start with Market Values

- Economic Rents and Competitive Advantage



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Lecture 9
Risk and Return: Discount Rate Determination - CAPM and WACC
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Risk and Return: Discount Rate Determination - CAPM and WACC

Discount Rate Determination: CAPM and WACC

- Capital Market History

     Market Risk and Return

- Capital Asset Pricing Model

- Company Cost of Capital

     Capital Asset Pricing Model

     Risk of Businesses

     Weighted Average Cost of Capital

- Measuring Beta and the Cost of Equity

- Project Cost of Capital



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Lecture 10
Discount Rate Determination: CAPM and WACC
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Discount Rate Determination: CAPM and WACC

- Company Cost of Capital and CAPM

- Company Cost of Capital and Business Risk

- Company Cost of Capital and WACC

- Measuring Beta and the Cost of Equity

- Company Cost of Capital

- Project Cost of Capital



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Lecture 11
Project Discount Rate
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Project Discount Rate

- Company Cost of Capital

- WACC and Taxes

- Risk-Adjusted Discount Rate

- Cost of Equity Capital – Pure Play

- Project Discount Rate – Pure Play

- Project Discount Rate – Simulation



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Lecture 12
Business Valuation
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Business Valuation

- Business (Project) Valuation Equation

- Business (Project) Discount Rate

- Business (Project) Cash Flows

     Components

     To valuation horizon

     Horizon valuation

- Total Business Value

- Business (Project) Valuation Rules


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Lecture 13
Financing Decisions
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Financing Decisions

- Financing Math and NPV

- Financing and Investment Decisions Compared

- Financial Market Efficiency

- Six Lessons of Market Efficiency


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Lecture 14
Corporate Financing Overview
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Corporate Financing Overview

- Patterns of Corporate Financing

     Equity

     Debt

- Financial Markets

- Financial Institutions


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Lecture 15
Debt
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Debt

- Patterns of Corporate Financing

- Characteristics of Debt

     Maturity

     Repayment Provisions

     Seniority

     Flexibility

     Security

     Fixed v. Floating Rates

     Cost

     Risk to Lender

- Selecting a Debt Instrument

- Debt Market Processes

- Other Debt Terminology

- Debt Ownership Distribution



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Lecture 16
Equity
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Equity

- Patterns of Corporate Financing

- Equity on Balance Sheet

- Common Stock

- Preferred Stock

- Equity Ownership Distribution

- Ownership Sequence

- Other Equity Terminology


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Lecture 17
Dividend Policy
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Dividend Policy

- Choice of Payout Policy

- Types of Payout

- How Dividends are Determined in Practice

- Payout Controversy

     Irrelevant

     Decrease value

     Increase value

- Taxes and Dividend Policy



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Lecture 18
Capital Structure
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Capital Structure

- Capital Structure Criteria

- Financial Leverage

- The Magic of Financial Leverage

- M+M Propositions

- Selecting a Capital Structure

- Benefit of Debt

- Cost of Debt – Financial Distress

- Optimal Capital Structure



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Lecture 19
Lease Financing
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Lease Financing

- Lease Financing Defined

- Reasons to Consider Leasing

- Financial v. Operating Leases

- Accounting Treatment of Leases

- Lease Contract

- Valuing Financial Leases

- Leasing and Adjusted Present Value



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Lecture 20
Financial Analysis and Planning
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Financial Analysis and Planning

- Purpose of the Financial Plan

- Contents of the Financial Plan

- Steps in Financial Plan Development

     Assess Financial Position

     Define Debt Policy

     Determine Asset Requirements

     Evaluate Financing Options

     Integrate into Management Control Structure


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