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XuetangX

Corporate Finance

Beijing Institute of Technology via XuetangX

Overview

      公司理财是对公司财务活动所进行的管理,公司理财是通过企业资产配置的过程来实现公司价值的创造和最大化,它不仅关系到企业的生存和发展,还影响到投资者的经济利益。21世纪公司理财的特点是开放性、动态性和综合性。《公司理财》课程是经济管理类学科学生的主干必修课程。本课程主要围绕企业价值最大化这个目标的实现,详细介绍在经济发展的新常态下公司如何根据自身特点,进行投资、筹资、日常营运和股利分配的各项财务决策,尽可能使企业价值得到提高。

      通过学习这门课程,你可以理解公司理财的内涵,对企业的财务管理活动有全面和系统的了解;可以学会如何通过分析公司财务报表,发现其中存在的问题;可以学会如何计算资金的时间价值,并使用其帮助公司进行投资项目的筛选和股票债券的估值;可以了解公司常用的融资方式和股利分配方式。通过学习,学员可以具备财务意识,独立对相关项目进行分析,组织财务活动,提升财务决策能力。

      我们将学习全球商学院广泛使用的《Corporate Finance》教材,采用理论结合实践的方法,在教学形式上,采用英文教材、英文教案和英文授课;在教学手段上,采用案例帮助学习者加深对教学内容的理解,所有知识点的介绍采用通俗易懂的语言表达方式,对概念、模型和经典理论在举例中予以呈现。通过本课程的学习,大家不仅能深入分析公司财务活动,拓宽自身的财务视野。同时,通过该课程的英文学习,能够培养用英语阅读、思考和表达的能力,在潜移默化中提高专业英语水平,为国际化高水平经济管理人才的培养打好基础,也可为未来职业提升、ACCA考试和出国学习等奠定基础。


Syllabus

  • 1. Introduction on Corporate Finance
    • 1.1 What is Corporate Finance?
    • 1.2 Forms of Business Organization
    • 1.3 The Importance of Cash Flows
    • 1.4 The Goal of Financial Management
    • 1.5 The Agency Problem and Control of the Corporation
  • 2. Financial Statements and Cash Flow
    • 2.1 The Balance Sheet
    • 2.2 Balance Sheet Analysis
    • 2.3 The Income Statement
    • 2.4 Income Statement Analysis
    • 2.5 Taxes
    • 2.6 The Statement of Cash Flows
    • 2.7 Integrated Report
  • 3. Financial Statements Analysis
    • 3.1 Common-Size Statements
    • 3.2 Ratio Analysis——liquidity Ratios and Leverage Ratios
    • 3.3 Ratio Analysis——Turnover Ratios
    • 3.4 Ratio Analysis——Profitability Ratios and Market Value Ratios
    • 3.5 The Du Pont Identity
  • 4. Discounted Cash Flow Valuation
    • 4.1 The One-Period Case
    • 4.2 The Multiperiod Case
    • 4.3 Compounding Periods
    • 4.4 Simplifications
  • 5. Investment Rules
    • 5.1 NPV
    • 5.2 IRR
    • 5.3 IRR 2
    • 5.4 PI
    • 5.5 PP and DPP
    • 5.6 AAR and summary
  • 6. Bond Valuation
    • 6.1 Bond valuation 1
    • 6.2 Bond valuation 2
    • 6.3 Government and Corporate Bonds
    • 6.4 Inflation and Interest Rates
  • 7. Stock Valuation
    • 7.1 The Present Value of Common Stocks
    • 7.2 Estimates of Parameters
    • 7.3 Some Features of Common and Preferred Stocks
  • 8. Risk and Return
    • 8.1 Return
    • 8.2 Return 2
    • 8.3 Risk
    • 8.4 Risk 2
    • 8.5 CAPM
  • 9. Financing
    • 9.1 Rising Capital
    • 9.2 Underwriters
    • 9.3 IPOs and Underpricing
  • 10. Dividends and Payout Policy
    • 10.1 Cash Dividend
    • 10.2 Repurchase of Stock and Stock Dividend
  • 11. Options
    • 11.1 Options
    • 11.2 Call and Put options
    • 11.3 Selling Options and Option Quotes
    • 11.4 Combinations of Options
    • 11.5 Valuing Options and The Black-Scholes Model
  • Corporate Finance Exam Paper

    Taught by

    Liuningyue

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