• First Principles of Corporate Finance
• Primer on Financial Statement Analysis
• Traditional Balance Sheet
• Financial View of the Firm

Topic 2: Evaluating Corporate Governance Profile

• Objectives in Decision Making
• Stockholder Interest vs Management Interest
• Stockholder Objectives vs Bondholder Objectives
• Firm and Financial Markets
• Firms and Society
• Alternative Corporate Governance System

Topic 3: Understanding Concept of Risk

• Motivation and Perspective in Analyzing Risk
• Equity Risk and Expected Returns
• The Capital Asset Pricing Model
• The Risk in Borrowing: Default Risk and the Cost of Debt

Topic 4: Developing Risk Profile

• Measuring Risk Parameters
• Measuring Operating Leverage
• Estimating Cost of Equity
• From Cost of Equity to Cost of Capital

Topic 5: Picking the Right Projects

• Primer on Time Value of Money
• What is a Project?
• Accounting Earnings vs Cashflows
• Hurdle Rates for Firms vs Hurdle Rates for Projects
• Investment Decision Rules: NPV vs IRR
• Where do Good Projects Come from?

Topic 6: Analyzing Project Side Costs and Benefits

• Mutually Exclusive Projects
• Capital Rationing
• Side Costs and Benefits
• Project Synergy
• Valuing the Option to Delay
• Valuing the Option to Abandon

Topic 7: Finding the Right Financing Mix

• Financing Choices
• Benefits of Debt
• Cost of Debt
• Rationale for Financing Hierarchy

Topic 8: Determining Optimal Financing Mix – Approaches and Alternatives

• The Cost of Capital Approach
• The Adjusted Present Value Approach
• The Comparative Analysis Approach

Topic 9: Returning Cash to the Owners

• Steps to Dividend Decision
• Measures of Dividend Policy
• Three Schools of Thoughts on Dividends
• Wrong Reasons for Paying Dividends

Topic 10: Analyzing Cash Returned to Stockholders

• Practical Framework for Analyzing Dividend Policy
• Dividend Matrix

Topic 11: Practicing Valuation Principles

• Discounted Cashflow Valuation
• Estimating Cost of Equity
• Estimating Cashflows
• Estimating Expected Growth
• ROE and Leverage
• Relative Valuation

Topic 12: Valuing Companies for Acquisition and Takeovers

• Steps involved in Acquisition Valuation
• Value of Control
• Procedures for Valuing Synergy
• Valuing Tax Benefits
• Valuing Debt Capacity