Corporate Finance

Corporate Finance

Corporate Finance

Learn corporate finance from a practicing CPA Certified Public Accountant

Language: english

Note: 4.3/5 (614 notes) 63,791 students

Instructor(s): Robert (Bob) Steele

Last update: 2022-05-20

What you’ll learn

  • List corporate finance topics and understand them in a comprehensive way
  • Have a comprehensive corporate finance recourse to use as a reference in future endeavors
  • How to read & analyze financial statements
  • How to read & analyze financial statements
  • How to use Excel or Google Sheets to work many practice problems
  • List common financial ratios, understand how they are used, and calculate them
  • Create forecasts and and budgets
  • Explain what break-even analysis is, how it is used, and how to perform calculations
  • Understand how to make financing decisions
  • Be able to apply management of current asset concepts to run a more efficient operation
  • List issues related to short term financing and make short term financing decisions
  • Understand time value of money concepts
  • Know when to apply time value of money principles
  • Be able to calculate present value and future value using multiple methods
  • Calculate the valuation of bonds
  • Calculate the valuation of preferred stock
  • Calculate the valuation of common stock
  • Explain the concept of cost of capital and apply it to debt and equity financing
  • Describe to make long term capital budgeting decisions using time value of money concepts
  • Calculate net present value (NVP)
  • Calculate internal rate of return (IRR)
  • Describe what capital markets are and how the can be used by a corporation
  • Explain what investment banking is and how it can be useful to a corporation
  • Be able to make long term debt and lease financing decisions
  • Define dividends and understand how to make corporate dividend policy
  • Define convertible bonds and analyze them impact of them to the company and to investors
  • Explain what mergers and acquisitions are and common issues related to them
  • Understand how foreign currency transactions can impact financial decisions
  • Calculate foreign currency exchanges
  • Explain what forward contracts are and how they can be used

 

Requirements

  • None – This course starts from the beginning and continues. . . . . . . . . for a comprehensive look at the topic

 

Description

We will learn how to read financial statements and how to use them for decision making.

A primary tool we will use is ratio analysis. Ratio analysis is a very useful skill in a wide area of topics, and financial analysis is a great place to learn the skill.

Ratios are necessary when measuring performance, including most any job performance. For example, we must apply ratio analysis when measuring the job performance of sports athletes. Similar ratio analysis will apply to most any job performance, and also apply to the performance of corporations.

Once we analyze the past performance of a corporation, we can use this knowledge to predict future performance, helping us make decisions about the company, whether those decisions be investment-related, creditor related, or managerial.

This course will include many example problems using both a presentation format and a spreadsheet format.

Corporate finance is a wonderful tool to learn, improve, and practice Excel or Google Sheets spreadsheet skills. Every spreadsheet practice problem will include a downloadable Excel file, that can be opened with Google Sheets, containing at least two tabs, one with the answer, the other with a preformatted worksheet to be filled in along with a step by step instructional video.

 

Who this course is for

  • Finance Professionals
  • Finance Students
  • Business Owners
  • Anybody who wants to understand financial concepts and have a reference tool for them

 

Course content

  • Introduction
    • 110 Finance, Accounting, & Economics
    • Translate, listen, and or read in multiple languages resource
    • 115 Finance Topics & Activities
    • 120 Types of Business Organizations
    • 125 Financial Management Goals
    • 130 Financial Markets
  • Financial Statements
    • 205 Financial Statements Overview
    • 210 Balance Sheet Introduction
    • 215 Balance Sheet Continued
    • 220 Income Statement Overview
    • 225 Income Statement Continued
    • 230 Statement of Retained Earnings
    • 235 Statement of Cash Flows
  • Practice Probs – Financial Statements
    • OneNote Resource
    • 211 Earnings Per Share & Gross Profit
    • 214 Operating Income
    • 215 Income Statement Accounts
    • 216 Make an Income Statement
    • 218 Make an Income Statement Including Earning Per Share
    • 223 Balance Sheet Current Noncurrent Classification
    • 224 Balance Sheet & Income Statement Classification
    • 225 Balance Sheet Alternative Formats
    • 227 Retained Earnings & Earnings Per Share
    • 230 Cash Flow Based on Account Activity
    • 231 Depreciation and Cash Flow Statement
    • 232 Free Cash Flow
    • 233 Book Value Per Share
    • 234 Book Value Per Share Earnings Per Share PE Ratio
    • 237 Financial Statements Creation
    • 238 Statement of Cash Flows
  • Excel Probs – Financial Statement
    • 211 Earnings Per Share & Gross Profit
    • 214 Operating Income
    • 215 Income Statement Account Order
    • 216 Make an Income Statement
    • 218 Make an Income Statement Including Earning Per Share
    • 220 Income Statement with Expense Unknown & Tax & Interest Expense Calculations
    • 223 Balance Sheet Current Noncurrent Classification
    • 224 Balance Sheet & Income Statement Classification
    • 225 Balance Sheet Alternative Formats
    • 226 Increase in Retained Earnings & Earnings Per Share
    • 227 Retained Earnings & Earnings Per Share
    • 228 Earning Per Share & Price to Earnings Ratio
    • 230 Cash Flow Based on Account Activity
    • 231 Depreciation and Cash Flow Statement
    • 232 Free Cash Flow
    • 233 Book Value Per Share
    • 234 Book Value Per Share Earnings Per Share PE Ratio
    • 235 Book Value Per Share Earnings Per Share PE Ratio # 2
    • 237 Financial Statements Creation
    • 238 Statement of Cash Flows
  • Financial Ratios
    • 305 Ratio Analysis Introduction
    • 315 DuPont System of Analysis
  • Practice Probs – Financial Ratios
    • OneNote Resource
    • 311 Profit Margin Percent
    • 312 Return on Investment (ROI)
    • 313 Return on Assets, Total Asset Turnover, & Profit Margin
    • 314 Return on Investment, Total Asset Turnover, & Profit Margin
    • 315 Profit Margin Two Years Comparison & Income Statement
    • 317 Expense to Sales Ratios
    • 318 Return on Assets, Return on Equity, & Asset Turnover
    • 325 Total Asset Turnover & Return on Equity-More Complex Relationships
    • 326 Total Asset Turnover, Return on Equity, & Profit Margin
    • 327 Return on Equity & Other Ratios Two Company Comparison
    • 328 Average AR Collection Period
    • 331 Turnover Ratios Two Year Comparison
    • 332 Multiple Ratio Calculations
    • 333 Times Interest Earned & Fixed Charge Coverage
    • 337 Asset Turnover & Return on Equity Trend Analysis
    • 338 Asset Turnover & Debt to Asset Compared to Industry
    • 339 Net Profit Margin & ROA Division Comparison
    • 342 Ratios to Create Current Assets Portion of Balance Sheet
    • 343 Use Ratios to Create a Balance Sheet
    • 344 Use Ratios to Create Account Balances
    • 346 Comprehensive Ratio Analysis
    • 347 P1 Comprehensive Ratio – Two Companies Part 1
    • 347 P2 Comprehensive Ratio – Two Companies Part 2
  • Excel Probs – Financial Ratios
    • 311 Profit Margin Percent
    • 312 Return on Investment (ROI)
    • 313 Return on Assets, Total Asset Turnover, & Profit Margin
    • 314 Return on Investment, Total Asset Turnover, & Profit Margin
    • 315 Profit Margin Two Years Comparison & Income Statement
    • 317 Expense to Sales Ratios
    • 318 Return on Assets, Return on Equity, & Asset Turnover
    • 325 Total Asset Turnover & Return on Equity-More Complex Relationships
    • 326 Total Asset Turnover, Return on Equity, & Profit Margin
    • 327 Return on Equity & Other Ratios Two Company Comparison
    • 328 Average AR Collection Period
    • 331 Turnover Ratios Two Year Comparison
    • 332 Multiple Ratio Calculations
    • 333 Times Interest Earned & Fixed Charge Coverage
    • 337 Asset Turnover & Return on Equity Trend Analysis
    • 338 Asset Turnover & Debt to Asset Compared to Industry
    • 339 Net Profit Margin & ROA Division Comparison
    • 342 Ratios to Create Current Assets Portion of Balance Sheet
    • 343 Use Ratios to Create a Balance Sheet
    • 344 Use Ratios to Create Account Balances
    • 346 Comprehensive Ratio Analysis # 1
    • 347 P1 Comprehensive Ratio – Two Companies
    • 347 P2 Comprehensive Ratio – Two Companies Part 2
  • Forecasting & Budgeting
    • 405 Forecasting Objectives
    • 410 Pro Forma Income Statement
    • 415 Cash Budget
    • 420 Pro Forma Balance Sheet
    • 425 Percent of Sales Method
  • Practice Probs – Forecasting & Budgeting
    • OneNote Resource
    • 414 Sales Projection – Multiple Scenarios
    • 416 Estimated Net Sales
    • 418 Projected Units to be Produced
    • 423 Calculate Cost of Goods Sold Using FIFO & LIFO
    • 424 Calculate Cost of Ending Inventory LIFO & FIFO
    • 427 Schedule of Cash Receipts
    • 428 Schedule of Cash Receipts – Multiple Scenarios
    • 430 Schedule of Cash Payments
    • 431 Schedule of Cash Payments – More Complex
    • 432 Production Schedule & Schedule of Cash Payments
    • 434 Cash Budget & Cash Receipts Schedule
    • 435 Cash Budget, Cash Receipts Schedule, Cash Payments Schedule
    • 437 Required New Fund Formula All Balance Sheet Accounts Change Relative to Sale
    • 438 Required New Fund Formula – Current Assets & Liabilities Change Relative to
  • Excel Probs – Forecasting & Budgeting
    • 414 Sales Projection – Multiple Scenarios
    • 416 Estimated Net Sales
    • 418 Projected Units to be Produced
    • 421 Calculate Cost of Goods Sold Using FIFO
    • 423 Calculate Cost of Goods Sold Using LIFO & FIFO
    • 424 Calculate Cost of Ending Inventory LIFO & FIFO
    • 427 Schedule of Cash Receipts
    • 428 Schedule of Cash Receipts – Multiple Scenarios
    • 430 Schedule of Cash Payments
    • 431 Schedule of Cash Payments – More Complex
    • 432 Production Schedule & Schedule of Cash Payments
    • 434 Cash Budget & Cash Receipts Schedule
    • 435 Cash Budget, Cash Receipts Schedule, Cash Payments Schedule
    • 436 Cash Receipts, Cash Payments, & Cash Budget
    • 437 Required New Fund Formula – All Balance Sheet Accounts Change Relative to Sa
    • 438 Required New Fund Formula – Current Assets & Liabilities Change Relative to
  • Leverage & Break-Even Analysis
    • 505 Leverage Overview
    • 510 Break Even Analysis
    • 515 Degree of Operating Leverage
    • 520 Financial Leverage
    • 525 Combined Leverage
  • Practice Probs – Leverage & Break-Even Analysis
    • OneNote Resource
    • 511 Break Even Analysis
    • 512 Break Even Point & Fixed & Variable Cost
    • 515 Break Even Analysis Projection Plan
    • 517 Cash Break Even Point
    • 520 P1 Degree of Operating Leverage, Degree of Financial Leverage, & Combined Le
    • 520 P2 Degree of Operating Leverage, Degree of Financial Leverage, & Combined Le
    • 521 P1 Second Degree of Operating Leverage, Degree of Financial Leverage, & Comb
    • 521 P2 Second Degree of Operating Leverage, Degree of Financial Leverage, & Co
    • 522 Degree of Leverage Problem 1
    • 523 Degree of Leverage Problem 2
    • 524 Nonlinear Breakeven Analysis
    • 525 Degree of Operating Leverage Alternative Formula
    • 528 Price Earnings Ratio Comparison for Companies with Different Leverage
    • 531 Leverage Ratios & Projected Expansion Scenarios
  • Excel Probs – Leverage & Break-Even Analysis
    • 511 Break Even Analysis
    • 512 Break Even Point & Fixed & Variable Cost
    • 515 Break Even Analysis Projection Plan
    • 517 Cash Break Even Point
    • 520 P1 Degree of Operating Leverage, Degree of Financial Leverage, & Combined Le
    • 520 P2 Degree of Operating Leverage, Degree of Financial Leverage, & Combined Le
    • 521 P1 Second Degree of Operating Leverage, Degree of Financial Leverage, & Comb
    • 521 P2 Second Degree of Operating Leverage, Degree of Financial Leverage, & Comb
    • 522 Degree of Leverage Problem 1
    • 523 Degree of Leverage Problem 2
    • 524 Nonlinear Breakeven Analysis
    • 525 Degree of Operating Leverage Alternative Formula
    • 526 Financial Leverage & Earnings Per Share
    • 527 Using Price to Earnings Ratio PE Ratio to Calculate Market Price
    • 528 Price Earnings Ratio Comparison for Companies with Different Leverage
    • 531 Leverage Ratios & Projected Expansion Scenarios
    • 533 P1 Leverage Analysis Problem 1 Part 1
    • 533 P2 Leverage Analysis Problem 1 Part 2
    • 534 P1 Leverage Analysis Problem 2 Part 1
    • 534 P2 Leverage Analysis Problem 2 Part 2
    • 535 Financing Plans to Increase Assets
  • Financing Decisions
    • 605 The Nature of Asset Growth
    • 610 Patterns of Financing
  • Practice Probs – Financing Decisions
    • OneNote Resource
    • 611 Estimated Sales Values Estimated Sales Values
    • 613 Estimating Financing Needed for Increase in Assets
    • 615 Level Production vs Seasonal Production
    • 617 Short Term Loan vs Long Term Loan
    • 619 Equipment Short Term Financing vs Long Term Loan Financing
    • 620 Asset & Financing Mix Options
    • 622 Asset Mix & Financing Mix
    • 624 Comparing Financing Strategies
    • 625 Financing Strategies – Permanent & Temporary Assets
    • 626 Expectations Hypothesis Theory for Expected Returns on Securities
    • 629 Break Even Point in Interest Rates
    • 631 Level Production & Budgeted Cash Flow
  • Excel Probs – Financing Decisions
    • 611 Estimated Sales Values
    • 613 Estimating Financing Needed for Increase in Assets
    • 615 Level Production vs Seasonal Production
    • 617 Short Term Loan vs Long Term Loan
    • 619 Equipment Short Term Financing vs Long Term Loan Financing
    • 620 Asset & Financing Mix Options
    • 622 Asset Mix & Financing Mix
    • 624 Comparing Financing Strategies
    • 625 Financing Strategies – Permanent & Temporary Assets
    • 626 Expectations Hypothesis Theory for Expected Return on Securities
    • 629 Break Even Point in Interest Rates
    • 631 Level Production & Budgeted Cash Flow
  • Presentations – Management of Current Assets
    • 705 Management of Current Assets Introduction
    • 710 Management of Cash
    • 715 Cash Management International
    • 720 Marketable Securities
    • 725 Accounts Receivable Management
    • 730 Inventory Management
    • 735 Just-In-Time Inventory
  • Practice Probs – Management of Current Assets
    • OneNote Resource
    • 711 Cash Management
    • 713 Foreign Currency Cash Management
    • 715 Accounts Receivable & Ave Collection Period
    • 722 Economic Ordering Quantity (EOQ) Prob 1
    • 726 Level vs Seasonal Production Decision
    • 727 Customer Credit Policy Decision
    • 731 Customer Credit Policy, Turnover Ratios, & ROI
    • 732 Customer Payment Terms & Discount Policy
    • 734 Customer Payment Terms & Discount Policy
  • Excel Probs – Management of Current Assets
    • 711 Cash Management
    • 713 Foreign Currency Cash Management
    • 715 Accounts Receivable & Ave Collection Period
    • 721 Accounts Receivable Aging
    • 722 Economic Ordering Quantity (EOQ) Prob 1
    • 724 Economic Ordering Quantity (EOQ) Prob 2
    • 726 Level vs Seasonal Production Decision
    • 727 Customer Credit Policy Decision
    • 731 Customer Credit Policy, Turnover Ratios, & ROI
    • 732 Customer Payment Terms & Discount Policy
    • 734 Customer Payment Terms & Discount Policy
  • Presentations – Short-Term Financing
    • 805 Accounts Payable or Trade Credit
    • 810 Credit from Bank
    • 815 Commercial Paper Financing
    • 820 Collateral & Short-Term Financing
    • 825 Accounts Receivable Financing
    • 830 Inventory Financing
  • Practice Probs. – Short-Term Financing
    • OneNote Resource
    • 810 Cost of Not Taking Cash Discount Calculation
    • 812 Cost of Not Taking Cash Discount Example
    • 814 Effective Interest Rate
    • 816 Effective Rate on a Discounted Loan
    • 818 LIBOR Loan Effective Interest Rate
    • 819 Foreign Currency Borrowing & Effective Interest Rate
    • 820 Interest or Dollar Cost of Loan Calculation
    • 821 Net Credit Position
    • 822 Compensating Balance Loan
    • 825 Compensating Balance Loan with Idle Cash & Effective Interest
  • Excel Probs. – Short-Term Financing
    • 810 Cost of Not Taking Cash Discount Calculation
    • 812 Cost of Not Taking Cash Discount Example
    • 814 Effective Interest Rate
    • 816 Effective Rate on a Discounted Loan
    • 818 LIBOR Loan Effective Interest Rate
    • 819 Foreign Currency Borrowing & Effective Interest Rate
    • 820 Interest or Dollar Cost of Loan Calculation
    • 821 Net Credit Position
    • 822 Compensating Balance Loan
    • 825 Compensating Balance Loan with Idle Cash & Effective Interest
  • Presentations – Time Value of Money (Present Value / Future Value)
    • 910 Time Value of Money Overview
    • 915 Present Value
    • 920 Present Value Months as Period
    • 923 Future Value
    • 927 Future Value Months As Period
    • 930 Future Value vs Present Value
    • 933 Present Value Annuity
    • 936 Present Value Annuity Months as Period
    • 939 Future Value Annuity
    • 942 Future Value Annuity Months
    • 945 Present Value Cash Flow Examples
    • 948 Future Value Cash Flow Examples
    • 951 Present Value Terms Used In Capital Budgeting
    • 954 Net Present Value Assumptions
  • Practice Probs. – Time Value of Money (Present Value / Future Value)
    • OneNote Resource
    • 911 Future Value FV Multiple Forms of Calculation
    • 912 Present Value (PV) Calculation – Multiple Ways
    • 915 Future Value Compounded Annually vs Semiannually
    • 916 Present Value (PV) Decision Making
    • 919 Present value Different Discount Rates Side by Side
    • 920 Present Value Planning Scenario
    • 921 Future Value of an Annuity
    • 922 Future Value Uneven Investments
    • 923 Present Value Annuity
    • 926 Present Value Annuity
    • 927 Present Value Uneven Payments
    • 929 Future Value of a Collectible
    • 930 Future Value of an Annuity
    • 931 Future Value – How Long to Double or Triple Investments
    • 933 Present Value – Estimate Stock Returns & Sale
    • 935 Future Value – Compounded Quarterly
    • 936 Future Value Compounded Annually, Quarterly, & Monthly
    • 940 How Much to Invest to Reach Goal – One Investment vs Annuity
    • 941 Use Annuity Calculation to Find Interest Rate
    • 944 Use Annuity Calculation to Find Interest Rate
    • 945 Use Annuity Calculation to Find Payment Amount
    • 947 Retirement Scenario PV Annuity & FV Annuity
    • 948 Present Value Uneven Payments
    • 950 Deferred Annuity
    • 952 FV of One & PV Annuity Loan – Uneven Repayment
    • 954 Home Loan Payment Calculation
    • 955 Future Value of Annuity Interest Rate Change
    • 956 PV & FV of Annuity College Savings Plan Adjustment
  • Excel Probs. – Time Value of Money (Present Value / Future Value)
    • 911 Future Value FV Multiple Forms of Calculation
    • 912 Present Value (PV) Calculation – Multiple Ways
    • 915 Future Value Compounded Annually vs Semiannually
    • 916 Present Value Decision Making
    • 919 Present Value Different Discount Rates Side by Side
    • 920 Present Value Planning Scenario
    • 921 Future Value of an Annuity
    • 922 Future Value Uneven Investments
    • 923 Present Value Annuity
    • 926 Present Value Annuity
    • 927 Present Value Uneven Payments
    • 930 Future Value of an Annuity
    • 931 Future Value How Long to Double or Triple Investment
    • 933 Present Value Estimate Stock Returns & Sale
    • 935 Future Value Compounded Quarterly
    • 936 Future Value Compounded Annually, Quarterly, & Monthly
    • 938 Present Value of an Annuity Payments at Beginning of Period
    • 939 Current Payment, Annuity, or Future Payment Alternatives
    • 940 How Much to Invest to Reach Goal – One Investment vs Annuity
    • 941 Future Value Calculate Investment Rate of Return
    • 944 Use Annuity Calculate to Find Interest Rate
    • 945 Use Annuity Calculation to Find Payment Amount
    • 947 Retirement Scenario PV Annuity & FV Annuity
    • 948 Present Value Uneven Payments
    • 950 Deferred Annuity
    • 952 FV of One & PV Annuity Loan – Uneven Repayment
    • 954 Home Loan Payment Calculation
    • 955 Future Value of Annuity Interest Rate Change
    • 956 PV & FV of Annuity College Savings Plan Adjustment
  • Presentations – Valuation Bonds, Common Stock & Preferred Stock
    • 1003 Financial Asset Valuation
    • 1005 Bond Issued at Par
    • 1010 Bonds Market Rate vs Contract Rate
    • 1015 Issue bond at a discount%2C calculate%2C and record interest payment
    • 1020 Bond Issued at Premium
    • 1025 Bonds Present Value Formulas
    • 1030 Bond Price Present Value Tables
    • 1035 Bond Price Excel Formula
    • 1040 Preferred Stock Valuation
    • 1045 Common Stock Valuation
  • Practice Probs. – Valuation Bonds, Common Stock & Preferred Stock
    • OneNote Presentation
    • 1011 Bond Value Different Yield Rates Prob 1
    • 1012 Bond Value Different Yield Rates Prob 2
    • 1014 Principal as a % of bond price
    • 1015 Bond Value Different Maturity Dates
    • 1018 Bond Sale Percentage Profit (ROI)
    • 1020 Bond Sale Percentage Profit (ROI) Long Term Sale
    • 1023 Calculate Bond Rate & Change in Rate
    • 1025 Calculate Bond Rate & Change in Rate Prob. 2
    • 1028 Find Bond Market Rate or Yield
    • 1030 Find Bond market Rate or yield Semiannual
    • 1031 Bond Value Semiannual Payments
    • 1032 Bond Value Semiannual Rate Change
  • Excel Probs. – Valuation Bonds, Common Stock & Preferred Stock
    • 1011 Bond Value Different Yield Rates Prob 1
    • 1012 Bond Value Different Yield Rates Prob 2
    • 1014 Principal as a % of bond price
    • 1015 Bond Value Different Maturity Dates
    • 1018 Bond Sale Percentage Profit (ROI)
    • 1020 Bond Sale Percentage Profit (ROI) Long Term Sale
    • 1023 Calculate Bond Rate & Change in Rate
    • 1025 Find Bond Market Rate or Yield
    • 1028 Calculate Bond Rate & Change in Rate Prob. 2
    • 1030 Find Bond Market Rate or Yield Semiannual
    • 1031 Bond Value Semiannual Payments
    • 1032 Bond Value Semiannual Rate Change
    • 1034 Preferred Stock Value
    • 1036 Preferred Stock Yield or Rate of Return
    • 1037 Common Stock Price No Growth Assumed
    • 1038 Common Stock Value Calculate Stable Growth
    • 1041 Estimated Earnings Per Share & Dividends
    • 1042 Common Stock Rate of Return Constant Growth Rate
    • 1044 Common Stock Value Multiple Methods
  • Presentations – The Cost of Capital – Debt / Equity Financing
    • 1105 Cost of Capital Debt Equity Financing Overview
    • 1110 Weighted Average Cost of Capital WACC
    • 1115 Cost of Debt
    • 1120 Cost of Preferred Stock
    • 1125 Cost of Common Equity
    • 1130 The Optimal Capital Structure
  • Practice Probs. – The Cost of Capital – Debt / Equity Financing
    • OneNote Resource
    • 1114 Cost of Debt After Tax Prob 1
    • 1115 Cost of Debt After Tax Prob. 2
    • 1117 Cost of Debt After Tax Interest Rate Calculation
    • 1119 Cost of Debt After Tax Interest Rate Calculation
    • 1120 Calculate Change in Cost of Debt After tax Due to Reduced Tax Rates
    • 1123 Cost of Preferred Stock Percent
    • 1126 Financing Common Stock Prob 1
    • 1127 Financing Common Stock Prob. 2
  • Excel Probs. – The Cost of Capital – Debt / Equity Financing
    • 1112 Weighted Average Cost of Capital (WACC)
    • 1114 Cost of Debt After Tax Prob 1
    • 1115 Cost of Debt After Tax Prob 2
    • 1117 Cost of Debt After Tax Interest Rate Calculation
    • 1119 Calculate Bond After Tax Cost to Issue
    • 1120 Calculate Change in Cost of Debt After Tax Due to Reduced Tax Rates
    • 1123 Cost of Preferred Stock Percent
    • 1124 Calculate Preferred Stock Current Yield
    • 1125 Financing Debt vs Preferred Stock
    • 1126 Financing Common Stock Prob 1
    • 1127 Financing Common Stock Prob 2
  • Presentations – Capital Budgeting
    • 1205 Capital Budgeting Decision Overview
    • 1210 Payback Period
    • 1215 Net Present Value (NPV)
    • 1220 Internal Rate of Return (IRR)
    • 1225 Project Selection Process
    • 1230 Modified Internal Rate of Return (MIRR)
    • 1235 Fixed Asset Replacement Decision
  • Practice Probs. – Capital Budgeting
    • OneNote Resource
    • 1211 Cash Flow Calculation
    • 1213 Cash Flow Impact of Depreciation Due to Taxes
    • 1214 Cash Flow Impact of Tax Rate Change
    • 1216 Payback Period
    • 1217 Payback Period Comparing Projects of Different Length
    • 1219 Payback Period Time Value of Money Limitation
    • 1220 Net Present Value (NPV) vs Payback Period
    • 1221 Internal Rate of Return (IRR) Problem 1
    • 1222 Internal Rate of Return (IRR) Problem 2
    • 1223 Internal Rate of Return (IRR) Uneven Future Inflows
    • 1224 Net Present Value (NPV) With Negative Future Outflow
    • 1225 Net Present Value (NPV) With Closing Cost
    • 1226 Net Present Value (NPV) Delayed Payments
    • 1227 Net Present Value (NPV) vs Internal Rate of Return (IRR) Prob. 1
    • 1228 Net Present Value (NPV) vs Internal Rate of Return (IRR) Prob. 2
    • 1229 Profitability Index
    • 1230 Capital Budgeting with Reinvestment Rate Assumption
    • 1231 Modified Internal Rate of Return (MIRR)
    • 1234 Net Present Value Changing Discount Rate
    • 1235 MACRS Depreciation, Cash Flow, & Net Present Value Prob. 1
    • 1237 MACRS Depreciation, Cash Flow, & Net Present Value Prob. 2
    • 1238 5 Year MACRS Depreciation, Cash Flow, & Net Present Value
    • 1239 7 MACRS Depreciation, 10 Year Cash Flow, & Net Present Value
    • 1240 Land & 5 MACRS Depreciation, Cash Flow, & Net Present Value
    • 1241 Sales of Depreciated Assets & Tax Impact
  • Excel Probs. – Capital Budgeting
    • 1211 Cash Flow Calculation
    • 1213 Cash Flow Impact of Depreciation Due to Taxes
    • 1214 Cash Flow Impact of Tax Rate Change
    • 1216 Payback Period
    • 1217 Payback Period Comparing Projects of Different Length
    • 1219 Payback Period Time Value of Money Limitation
    • 1220 Net Present Value (NPV) vs Payback Period
    • 1221 Internal Rate of Return (IRR) Problem 1
    • 1222 Internal Rate of Return (IRR) Problem 2
    • 1223 Internal Rate of Return (IRR) Uneven Future Inflows
    • 1224 Net Present Value (NPV) With Negative Future Outflow
    • 1225 Net Present Value (NPV) With Closing Cost
    • 1226 Net Present Value (NPV) Delayed Payments
    • 1227 Net Present Value (NPV) vs Internal Rate of Return (IRR) Prob. 1
    • 1228 Net Present Value (NPV) vs Internal Rate of Return (IRR) Prob. 2
    • 1229 Profitability Index
    • 1230 Capital Budgeting with Reinvestment Rate Assumption
    • 1231 Modified Internal Rate of Return (MIRR)
    • 1234 Net Present Value Changing Discount Rate
    • 1235 MACRS Depreciation, Cash Flow, & Net Present Value Prob. 1
    • 1237 MACRS Depreciation, Cash Flow, & Net Present Value Prob. 2
    • 1238 6 Year MACRS Depreciation, Cash Flow, & Net Present Value
    • 1239 7 MACRS Depreciation, 10 Year Cash Flow, & Net Present Value
    • 1240 Land & 5 MACRS Depreciation, Cash Flow, & Net Present Value
    • 1241 Sales of Depreciated Assets & Taxes Impact
    • 1242 5 Year MACRS Depreciation, WACC, Cash Flow, & Net Present Value
    • 1243 Buy New Fixed Asset or Keep Old Decision
  • Presentations – Capital Budgeting Risk Assessment
    • 1310 Capital Budget Risk Overview
    • 1315 Measure of Risk
    • 1320 Risk & Discount Rates
    • 1325 Simulation Models
    • 1330 Investment Impact on Portfolio
  • Practice Probs. – Capital Budgeting Risk Assessment
    • OneNote Resource
    • 1300 Standard Deviation, Variance, & Coefficient of Variation
    • 1312 Standard Deviation, Variance, & Coefficient of Variation
    • 1313 Expected Value, Standard Deviation, & Coefficient of Variation Prob. 2
    • 1314 Expected Value, Standard Deviation, & Coefficient of Variation Prob. 3
    • 1316 Coefficient of Variation Three Investment Alternatives
    • 1318 Coefficient of Variation & Investment Risk
    • 1322 Coefficient of variation Two Project Alternatives
    • 1326 Expected Value & Net Present Value Even Yearly Cash Flows
    • 1328 Expected Value & Coefficient of Variation Investment Options
    • 1329 Expected Value in Capital Budgeting Decision Uneven Payments
    • 1331 Expected Value for Multiple Years & NPV
  • Excel Probs. – Capital Budgeting Risk Assessment
    • 1300 Standard Deviation, Variance, & Coefficient of Variation
    • 1312 Expected Value, Standard Deviation, & Coefficient of Variation Prob. 1
    • 1313 Expected Value, Standard Deviation, & Coefficient of Variation Prob. 2
    • 1314 Expected Value, Standard Deviation, & Coefficient of Variation Prob. 3
    • 1316 Coefficient of Variation Three Investment Alternatives
    • 1318 Coefficient of Variation & Investment Risk
    • 1322 Expected Value & Net Present Value Even Yearly cash Flows
    • 1328 Expected Value & Coefficient of Variation Investment Options
    • 1329 Expected Value in Capital Budgeting Decision Uneven Payments
    • 1331 Expected Value for Multiple Years & NPV
  • Presentations – Capital Markets
    • 1405 Capital Markets Overview
    • 1410 Government Securities
    • 1415 Corporate Securities
    • 1420 Exchanges
    • 1425 Market Efficiency
    • 1430 Security Markets Regulation
  • Investment Banking
    • 1505 Investment Banking Overview
    • 1510 Pricing the Security and Dilution
    • 1515 Public vs Private Financing
  • Presentations – Long-Term Debt and Lease Financing
    • 1610 Long Term Debt & Lease Financing Overview
    • 1615 Bond Prices, Yields, & Ratings
    • 1620 Bond Refunding Decision
    • 1625 Other Forms of Bond Financing
    • 1630 Debt Pros & Cons
    • 1635 Leasing as a Form of Debt Financing
  • Practice Probs. – Long-Term Debt and Lease Financing
    • OneNote Resource
    • 1611 Bond Coupon Rate, Current Yield, and Yield to Maturity
    • 1614 Bond Coupon Rate, Current Yield, and Yield to Maturity Comparison
    • 1616 Calculate Multiple Bond Value
    • 1617 Debenture that is Callable Price Calculation
    • 1618 Impact of Bond Rating Change on Bond Price
    • 1621 Zero Coupon Rate Bond Price Calculation
    • 1622 Zero Coupon Bond Effective Yield to Maturity
    • 1624 Impact of Inflation on Borrowing
    • 1625 Bond Purchase on Margin & Then Sold
    • 1627 Bond Refunding Decision Prob. 1
    • 1628 Bond Refunding Decision Prob. 2
    • 1630 Capital Lease vs Operating Lease Determination
    • 1631 Capital Lease vs Operating Lease Balance Sheet Impact
  • Excel Probs. – Long-Term Debt and Lease Financing
    • 1611 Bond Coupon Rate, Current Yield, and Yield to Maturity
    • 1614 Bond Coupon Rate, Current Yield, and Yield to Maturity Comparison
    • 1616 Calculate Multiple Bond Value
    • 1617 Debenture that is Callable Price Calculation
    • 1618 Impact of Bond Rating Change on Bond Price
    • 1621 Zero Coupon Rate Bond Price Calculations
    • 1622 Zero Coupon bond Effective Yield to Maturity
    • 1624 Impact of Inflation on Borrowing
    • 1625 Bond Purchase on Margin & Then Sold
    • 1627 Bond Refinancing Decision Prob 1
    • 1628 Bond Refinancing Decision Prob 2
    • 1630 Capital Lease vs Operating Lease Determination
    • 1631 Capital Lease vs Operating Lease Balance Sheet Impact
    • 1632 Size of Lease Payment Calculation
  • Presentations – Financing with Commons Stock & Preferred Stock
    • 1710 Financing with Common Stock & Preferred Stock Overview
    • 1715 Use of Rights in Financing Company
    • 1716 Poison Pills
    • 1720 American Depository Receipts (ADR)
    • 1725 Preferred Stock Financing
  • Practice Probs. – Financing with Commons Stock & Preferred Stock
    • OneNote Resource
    • 1711 Residual Claims to Earnings
    • 1712 Poison Pill
    • 1713 Cumulative Voting Prob. 1
    • 1714 Cumulative Voting Prob. 2
    • 1715 Cumulative Voting Prob. 3
    • 1716 Cumulative Voting How Many Directors Can We Elect
    • 1718 Dissident Stockholder Group Cumulative Voting Multiple Scenarios
    • 1721 Rights Offering Introduction Problem
    • 1722 Rights Offering Rights Valuation Calculation
    • 1723 Rights Offering – Shares that Could be Acquired Calculation
    • 1724 Stock Rights Investing Scenario
    • 1725 Rights Impact on Asset Position
    • 1726 Rights Offering, EPS, & Price Earnings Ratio
    • 1727 Investment Options Including Preferred Stock Tax Impact
    • 1728 Preferred Dividends in Arrears
    • 1729 Dividends in Arrears Paid Off Through Issuing Bonds
    • 1730 Dividends in Arrears Paid Off Through Issuing Stock
    • 1731 Preferred Stock Borrow & Invest Decision
    • 1732 Preferred Stock Floating Rate
  • Excel Probs. – Financing with Commons Stock & Preferred Stock
    • 1711 Residual Claims to Earnings
    • 1712 Poison Pill
    • 1713 Cumulative Voting Prob. 1
    • 1714 Cumulative Voting Prob. 2
    • 1715 Cumulative Voting Prob. 3
    • 1716 Cumulative Voting How Many Directors Can We Elect
    • 1718 Dissident Stockholder Group Cumulative Voting Multiple Scenarios
    • 1721 Rights Offering Introduction Problem
    • 1722 Rights Offering Rights Valuation Calculation
    • 1723 Rights Offering – Shares that Could be Acquired Calculation
    • 1724 Stock Rights Investing Scenario
    • 1725 Rights Impact on Asset Position
    • 1726 Rights Offering, EPS, & Price Earnings Ratio
    • 1727 Investment Options Including Preferred Stock Tax Impact
    • 1728 Preferred Dividends in Arrears
    • 1729 Dividends in Arrears Paid Off Though Issuing Bonds
    • 1730 Dividends in Arrears Paid Off Through Issuing Stock
    • 1731 Preferred Stock Borrow & Invest Decision
    • 1732 Preferred Stock Floating Rate
  • Presentations – Dividend Policy
    • 1805 Dividend Policy
    • 1810 Other Things That Impact Dividend Policy
    • 1815 Dividend Payment Terms
    • 1820 Stock Dividend
    • 1825 Stock Split
    • 1830 Repurchase of Stock & Dividend Reinvestment Plans
  • Practice Probs. – Dividend Policy
    • OneNote Resource
    • 1813 Payout Ratio
    • 1814 Payout Ratio, Dividends Per Share, Dividend Yield
    • 1816 Retained Earnings & Dividend Limits
    • 1817 Dividend Projection Life Cycle
    • 1818 Stock Split & Stock Dividend
    • 1819 Dividend Payout Policy Analysis
    • 1820 Annual Dividend Yield, EPS, & Price Earnings Ratio
    • 1821 Earnings Per Share, Dividends Per Share, & Dividend Yield
    • 1822 Ex Dividend Stock Price
    • 1823 Stock Dividend & Cash Dividend Impact on Equity Section
    • 1825 Dividends vs Investment Analysis
    • 1826 Dividend Policy Impact on Price or Stock Value
    • 1827 Stock Split 3 for 1 and 2 for 1
    • 1828 Stock Dividend Impact on Equity & Investor Value
    • 1829 Stock Dividend & Impact on Investor Holdings
    • 1830 Reverse Stock Split
    • 1831 Stock Repurchase vs Cash Dividend
    • 1832 Dividend Payment Policy
  • Excel Probs. – Dividend Policy
    • 1813 Payout Ratio
    • 1814 Payout Ratio, Dividends Per Share, Dividend Yield
    • 1816 Retained Earnings & Dividend Limits
    • 1817 Dividend Projection Life Cycle
    • 1818 Stock Split & Stock Dividend
    • 1819 Dividend Payout Policy Analysis
    • 1820 Annual Dividend Yield, EPS, & Price Earnings Ratio
    • 1821 Earnings Per Share, Dividends Per Share, & Dividend Yield
    • 1822 Ex Dividend Stock Price
    • 1823 Stock Dividend & Cash Dividend Impact on Equity Section
    • 1825 Dividends vs Investment Analysis
    • 1826 Dividend Policy on Price of Stock Valuation
    • 1827 Stock Split 3 for 1 and 2 for 1
    • 1828 Stock Dividend Impact on Equity & Investor Value
    • 1829 Stock Dividend & Impact on Investor Holdings
    • 1830 Reverse Stock Split
    • 1831 Stock Repurchase vs Cash Dividend
    • 1832 Dividend Payment Policy
  • Presentations – Convertible Bonds & Warrants
    • 1905 Convertible Securities
    • 1910 Warrants
    • 1915 Derivative Securities
  • Practice Probs. – Convertible Bonds & Warrants
    • OneNote Resource
    • 1911 Warrants Intrinsic Value & Speculation Premium
    • 1913 Warrants Break Even Price
    • 1916 Convertible Bond Conversion Value & Conversion Premium
    • 1917 Convertible Bond Price & Conversion Value
    • 1919 Convertible Bond on Exchange
    • 1920 Convertible Bond Pure Bond Value vs Market Price Prob. 1
    • 1921 Convertible Bond Pure Bond Value vs Market Price Prob. 2
    • 1922 Convertible Bond Change in Price & Conversion Premium
    • 1923 Convertible Bond Crossover Point – Conversion Value Equals Pure Bond Value
    • 1924 Convertible Bonds & Call Feature
    • 1925 Convertible Bond Sale, Gain, & Rate of Return
    • 1926 Warrant vs Stock Price % Increase
    • 1927 Warrant Exercise & Rate of Return Calculations
    • 1928 Exercise Warrant Gain vs Common Stock Gain
    • 1929 Warrant Gain vs Stock Gain – Same Investment Amount
    • 1930 Convertible Bonds & Diluted Earnings Per Share
    • 1931 Convertible Bonds – Pure Bond value Impact vs Conversion Value Impact on Pr
    • 1933 Convertible Bonds Pure Bond Value & Falling Stock Price
  • Excel Probs. – Convertible Bonds & Warrants
    • 1911 Warrants Intrinsic Value & Speculation Premium
    • 1913 Warrants Break Even Price
    • 1916 Convertible Bond Conversion Value & Conversion Premium
    • 1917 Convertible Bond Price & Conversion Value
    • 1919 Convertible Bond on Exchange
    • 1920 Convertible Bond Pure Bond Value vs Market Price Prob 1
    • 1921 Convertible Bond Pure Bond Value vs Market Price Prob 2
    • 1922 Convertible Bond Change in Price & Conversion Premium
    • 1923 Convertible Bond Crossover Point – Conversion Value Equals Pure Bond Value
    • 1924 Convertible Bonds & Call Feature
    • 1925 Convertible Bond Sale, Gain, & Rate of Return
    • 1926 Warrant vs Stock Price % Increase
    • 1927 Warrant Exercise & Rate of Return Calculations
    • 1928 Exercise Warrant Gain vs Common Stock Gain
    • 1929 Warrant Gain vs Stock Gain – Same Investment Amount
    • 1930 Convertible Bonds & Diluted Earnings Per Share
    • 1931 Convertible Bonds Pure Bond Value Impact vs Conversion Value Impact on Pric
    • 1933 Convertible Bonds Pure Bond Value & Falling Stock Price
  • Presentations – Mergers and Acquisitions
    • OneNote Resource
    • 2010 Acquisition & Tax Carryover with Even Inflows
    • 2012 Acquisition & Tax Carryover Spread Over Multiple Years
    • 2013 Acquisition Uneven Returns Prob. 1
    • 2014 Acquisition Uneven Returns Prob. 2
    • 2015 Merger & Earnings Per Share
    • 2020 Offer of Acquisition & Impact on Stock Price
    • 2021 Acquisition & Coefficient of Variation
    • 2022 Acquisition, Expected Value, Standard Deviation, & Coefficient of Variation
  • Excel Probs. – Mergers and Acquisitions
    • 2010 Acquisition & Tax Carryover with Even Inflows
    • 2012 Acquisition & Tax Carryover Spread Over Multiple Years
    • 2013 Acquisition Uneven Returns Prob. 1
    • 2014 Acquisition Uneven Returns Prob. 2
    • 2015 Merger & Earnings Per Share
    • 2017 Acquisition & Earnings Per Share
    • 2018 Acquisition in Two Steps
    • 2019 Owner Sells Interest & Tax Obligations
    • 2020 Offer of Acquisition & Impact on Stock Price
    • 2022 Acquisition, Expected Value, Standard Deviation, & Coefficient of Variation
  • Presentations – Foreign Currency & Exchange Rates
    • 1110 Foreign Currency Exchange Rates
    • 1120 Foreign Currency Transactions
    • 1125 Forward Exchange Financial Instruments
    • 1130 Forward Exchange Contracts
  • Presentations – Foreign Currency & Exchange Rates
    • OneNote Resource
    • 1133 Purchases & Sales Involving Foreign Currency
    • 1138 P2 Forward Contract to Hedge Commitment Agreement to Purchase
    • 1138 P3 Forward Contract as a Cash Flow Hedge
    • 1138 P4 Forward Contract for Speculative Purposes Only
    • 1140 C4 Forward Exchange Contract for Speculation Only
  • Excel Probs. – Foreign Currency & Exchange Rates
    • 1133 Purchases & Sales Involving Foreign Currency
    • 1138 P1 Forward Contract to Manage Foreign Currency Risk from Purchase
    • 1138 P2 Forward Contract to Hedge Commitment Agreement to Purchase
    • 1138 P3 Forward Contract as a Cash Flow Hedge
    • 1138 P4 Forward Contract for Speculative Purposes Only

 

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