Delivered at:: Department of Finance

Course type:: Compulsory course

When:: 3 year, 3, 4 module

Instructors

Makarova, Olga

Markovskaya, Elizaveta

Удалов Андрей Александрович

Full Syllabus

Abstract

This course will provide participants with an understanding of the techniques used to analyze major financial problems of modern company in market environment. We begin by reviewing the basic principles of corporate finance theory. Next we deepen our examination of discounted cashflow approach in corporate finance and move to risk and return analysis. Then, we look at investment analysis and foundation of investment decisions and its connection with the performance analysis. We will study basic models of valuation of corporate capital, including pricing models for primary financial assets, real assets valuation and investment projects analysis, capital structure and various types of corporate capital employed, derivative assets and contingent claims on assets. We will deal with evaluating different management decisions and its influence on corporate performance and value. The course requires the knowledge in micro and macroeconomics, accounting, theory of finance, financial management. The course is based on lectures, seminars and self-study.

Learning Objectives

This course will provide participants with an understanding of the techniques used to analyze major financial problems of modern company in market environment.

Expected Learning Outcomes

Ability to interpret the financial information about the enterprise performance
Ability to prepare analytical report about the enterprise performance
Skills of presenting the investment projects
Ability to develop investment memorandum
Ability to set up tasks and find the correct and useful analytical tool for project analysis

Course Contents

. Introduction to Corporate Finance. Fundamentals and main principles of corporate finance
. Financial reports. Financial Analysis
Fundamentals of investment analysis and making investment decisions
Fundamentals of managing the capital structure Theory and practice
Fundamentals of business evaluation
Strategic corporate deals
Debt Policy
Payout policy

Assessment Elements

test
projects
Project 1 - financial performance analysis Project 2 - business evaluation
Auditorial

Interim Assessment

2022/2023 4th module
0.4 * test + 0.2 * projects + 0.1 * Auditorial

Bibliography

Recommended Core Bibliography

Applied corporate finance, Damodaran, A., 2015
Principles of corporate finance, Brealey, R.A., 2020

Recommended Additional Bibliography

Damodaran, A. (2012). Investment Valuation : Tools and Techniques for Determining the Value of Any Asset (Vol. 3rd ed). Hoboken, New Jersey: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=442924
Damodaran, A. (2015). Applied Corporate Finance (Vol. Fourth edition). Hoboken, New Jersey: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1639191

Bachelor’s Programme 'Economics'

Study Office

Corporate Finance