Содержание курса
Financial strategy and risks
16 уроков
1.
Corporate objectives
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2.
Agency problem
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3.
Corporate governance
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4.
Treasury management
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5.
Type of market efficiency
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6.
Methods valuation of shares
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7.
Implications of market efficiency
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8.
Behavior finance
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9.
Risks
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10.
Purpose of valuation
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11.
Net assets method
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12.
Market based valuation
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13.
Cash flow valuation approach
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14.
Non-for-profit organizations
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15.
Practice questions - Tillinton [September 2018]
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16.
Practice questions - Southmed [December 2023]
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Foreign currency risk
13 уроков
1.
[L2-01] Foreign currency risk
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2.
[L2-02] Nature of FOREX risk
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3.
[L2-03] Causes of exchange rate fluctuation
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4.
[L2-04] Risk management techniques
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5.
[L2-05] Forward exchange contracts (FEC)
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6.
[L2-06] Money market hedge (synthetic forward)
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7.
[L2-07] Foreign currency futures
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8.
[L2-08] Currency options
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9.
[L2-09] SWAPS
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10.
[L2-10] Choice between techniques
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11.
[L2-11] Practice question - Nutourne Co [December 2018]
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12.
[L2-12] Practice question - Asteroid Systems [June 2018]
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13.
[L2-13] Practice question - Kenduri Co [June 2013]
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Interest rate risk
9 уроков
1.
[L3-01] Interest rate risk
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2.
[L3-02] Forward rate agreement (FRA)
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3.
[L3-03] Interest rate futures (IRF)
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4.
[L3-04] Interest rate options
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5.
[L3-05] Interest rate SWAPS
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6.
[L3-06] Forecasting interest rates
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7.
[L3-07] Practice question - Phobos Co [December 2008]
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8.
[L3-08] Practice question - Sembilan Co [June 2012]
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9.
[L3-09] Practice question Wardegul Co [Sep - Dec 2017]
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Sources of finance
10 уроков
1.
[L4-01] Financial markets
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2.
[L4-02] Securitization
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3.
[L4-03] Selection of finance
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4.
[L4-04] Debt
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5.
[L4-05] Equity
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6.
[L4-06] Other sources of finance
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7.
[L4-07] Finance for SME
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8.
[L4-08] Islamic finance
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9.
[L4-09] International financing
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10.
[L4-11] Dividend policy
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Advances of cost of finance
8 уроков
1.
[L5-01] Cost of equity
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2.
[L5-02] Cost of preference shares
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3.
[L5-03] Cost of debt
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4.
[L5-04] Duration
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5.
[L5-05] Credit (default) risks
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6.
[L5-06] Weighted Average Cost of Capital
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7.
[L5-07] Сapital structure
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8.
[L5-08] M&M extensions of CAPM
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Advances in cash flows
8 уроков
1.
[L6-01] Basics of cash flows
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2.
[L6-02] Non-discounted techniques
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3.
[L6-03] Discounted CF techniques
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4.
[L6-04] Financial model
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5.
[L6-05] Adjusted present value (APV)
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6.
[L6-06] Risks
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7.
[L6-07] Valuation of internationals
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8.
[L6-08] Capital budgeting
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Option pricing theory
5 уроков
1.
[L7-01] Basic terminology
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2.
[L7-02] Determinants of option value
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3.
[L7-03] Sensitivity of option prices
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4.
[L7-04] Real options
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5.
[L7-05] Options for equity valuation
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Acquisiotion and mergers
12 уроков
1.
Reasons for M&A
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2.
M&A technique
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3.
Reasons of M&A failure
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4.
Approaches for valuation
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5.
Assets based valuation models
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6.
Market based valuation models
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7.
Cash-based models
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8.
Valuation of start-ups
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9.
Takeover regulations
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10.
Defense from takeover
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11.
Financing of takeover
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12.
Effect on financial ratios
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Financial reconstruction and reorganization
5 уроков
1.
Basics of reconstruction
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2.
Financial reconstruction
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3.
LBO (Leveraged buy-outs)
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4.
Prediction of corporate failure
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5.
Business reorganizations
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Other topics
6 уроков
1.
Dividend policy
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2.
Types of cash flows
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3.
Dividend capacity
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4.
Dividend theories
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5.
Other methods of distribution
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6.
Transfer pricing
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Exam practice
6 уроков
1.
1
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2.
Kampai Co [ACCA AFM, June 2025] (50 marks)
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3.
Northney Co [ACCA AFM, December 2024] (50 marks)
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4.
4
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5.
5
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6.
6
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Prerequisites
2 урока
1.
Financial ratios
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2.
Discounting
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