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| Item Details | Price | ||
|---|---|---|---|
Instructor: Sandeep Asrani
Language: English
Validity Period: 180 days
| Chapter 1 | |||
| Role of financial strategy, mission, goal and strategy, communication to stakeholders 15:00 | |||
| Conflicts of Interest - Stakeholders, Goal Congruence 10:00 | |||
| ESG Issues, ESG Criteria, TBL Reporting 8:00 | |||
| Risk Management, Types of Risk, Risk Mitigation, Hedging and Diversification, Risk Management System 20:00 | |||
| Chapter 2 | |||
| Capital Market Efficiency, Efficient Market Hypothesis, Behavioural Finance 12:00 | |||
| Behavioural Finance, Dividend Valuation Model 17:00 | |||
| Bonds, Cost of Equity and Project Appraisal, Cost of Preference Shares, Cost of Redeemable Debt 5:00 | |||
| Cost of Redeemable Bonds 11:00 | |||
| Convertible Bonds, Bond Duration, Convexity 16:00 | |||
| Term Structure of Interest Rates, Bootstrapping, Spot Curve Valuation 7:00 | |||
| Chapter 3 | |||
| WACC, Project Evaluation 13:00 | |||
| Effects of Gearing, MM Models 16:00 | |||
| MM Models 11:00 | |||
| Static Trade Off Theory, Pecking Order Theory, Agency Costs 12:00 | |||
| Chapter 4 | |||
| CAPM, Beta, Security Market Line 24:00 | |||
| CAPM Forumula, Cost of Equity, CAPM Assumptions, Limitations and Implications, Asset Beta and Equity Beta 7:00 | |||
| Risk Adjusted Cost of Equity 16:00 | |||
| Chapter 5 | |||
| Payback and ROCE, DCF Techniques 13:00 | |||
| Discount Rates, Non Annual Cash Flows 8:00 | |||
| Net Present Value, IRR 16:00 | |||
| NPV, Relevant Cash Flows, Taxation and Investment Appraisal 9:00 | |||
| Tax Savings, Inflation and Investment Appraisal 11:00 | |||
| Money Cash Flows 5:00 | |||
| Chapter 6 | |||
| APV Method and Examples 19:00 | |||
| Single Period Capital Rationing and Examples 8:00 | |||
| Multi-period Capital Rationing, Linear Programming 8:00 | |||
| MIRR 7:00 | |||
| Macaulay Duration, Probability Analysis 5:00 | |||
| Sensitivity Analysis, Monte Carlo Simulation 4:00 | |||
| Value at Risk, Monte Carlo Simulation 3:00 | |||
| Chapter 7 | |||
| Business Valuation, Asset Based Valuation Model 12:00 | |||
| Relative Valuation Method, Income Based Valuation 8:00 | |||
| Dividend Yield Method, Relative Valuation Method 10:00 | |||
| Dividend Valuation Model, Growth Effect on Valuation 9:00 | |||
| Constant Growth, Free Cash Flow Models 13:00 | |||
| Free Cash Flow to Equity 13:00 | |||
| High Growth Start-up 3:00 | |||
| Chapter 8 | |||
| Mergers and Acquisition, Evaluating a Proposed Acquisition 15:00 | |||
| Synergy, Predator Overpayment, Reasons for Failure, Cultural and Operational Differences 12:00 | |||
| Alternative Methods of Listing 18:00 | |||
| Strategy and Tactics, Regulatory Devices in Takeover, Defences Against a Bid_1 15:00 | |||
| Defences against a Takeover Bid 11:00 | |||
| Reverse Takeover, Acquisition 15:00 | |||
| Methods of Financing an Acquisition 4:00 | |||
| Chapter 9 | |||
| Credit Risk and Rating Agencies, Estimating Credit Spreads 16:00 | |||
| Estimated Cost of Debt, Interest Rate Benchmarks, Capital Reconstructions 8:00 | |||
| Capital Restructuring, Portfolio Restructuring, Divestment 17:00 | |||
| Demerger, Unbundling and Spin-off, Management Buyouts 9:00 | |||
| MBO Exit - Flotation or Trade Sale, MBO and MBI 8:00 | |||
| Chapter 10 | |||
| Equity Issues, Stock Exchange Admission, International Equity Markets 9:00 | |||
| London Stock Exchange Regulation, Methods of Issuing Shares, Alternatives to Main Market 8:00 | |||
| Unquoted Equity Finance, Debt Finance 13:00 | |||
| Chapter 11 | |||
| Debt Issues Part A 15:00 | |||
| Debt Issues Part B 9:00 | |||
| Debt Issues Part C 9:00 | |||
| Debt Issues, Primary and Secondary Fixed Income Markets 13:00 | |||
| Money Market Instruments 11:00 | |||
| Short Term Finance, Medium Term Finance, Long Term Debt Securities, Preference Shares, Bonds 8:00 | |||
| Deep Discount Bonds, Convertibles, Warrants and Securitization, Crowdfunding, Initial Coin Offering 8:00 | |||
| Examples - Sale and Lease back (Part 1) 14:00 | |||
| Examples - Sale and Lease back (Part 2) 8:00 | |||
| Chapter 12 | |||
| Dividend Policy, MM Model, Drivers of Dividend Policy 13:00 | |||
| Alternative Dividend Policy, Other Distribution Methods 11:00 | |||
| Practicle Considerations - Dividend, Estimating Dividend Capacity, Dividend Capacity Restrictions 14:00 | |||
| Calculation of Dividend Capacity 15:00 | |||
| Multinational Corporations, International Dividend Policy 15:00 | |||
| Summary Discussion 1:00 | |||
| Chapter 13 | |||
| Options, Terminology, Exchange-Traded v Over - the -counter option, Uses of option 11:00 | |||
| HedgingPut or Call, Example 1Protective Put, Option Collar, Activity 11:00 | |||
| Elements of Option Value, Answer to ActivityIntrinsic and Time Value 6:00 | |||
| Summary of Factors Affecting Option Prices, Black-Scholes Options Pricing, BSOP Model, Answer to ActivityPut-Call Parity 13:00 | |||
| Sensitivity of Option Prices - Delta, Delta Hedging, ActivityInputs and Outputs 8:00 | |||
| Sensitivity of Option Prices - Gamma and Theta, Real Options Pricing Theory, ExampleReal Option to Expand, ActivityOption to Abandon 6:00 | |||
| Limitations of Real Options Pricing Theory, Merton's Model, ActivityEquity as an Option 7:00 | |||
| Merton's Structural Debt Model, Activity Debt Analysis in a Distressed Company,Chapter 13 Summary 5:00 | |||
| Chapter 14 | |||
| Foreign Exchange Risk Management, Forecasting Exchange Rates - Four-way Equivalence Model, Purchasing Power Parity, Activity Relative PPP 11:00 | |||
| Interest Rate Parity, Activity, Forecasting Exchange Rates - Other Aspects, Exchange Rate Risk - Types of Foreign Currency Risk, Example- Economic Risk 14:00 | |||
| Internal Management of Exchange Rate Risk, External Hedging - Forward Exchange Contracts,Example 15:00 | |||
| External Hedging - Money Market Hedges, Example, Activity-Hedging with a Forward Contract 15:00 | |||
| External Hedging - Currency Options - Introduction, Example- Call Option 12:00 | |||
| Hedging with Currency Options, Activity- Hedging with Exchange-traded Options, Delta Hedge,External Hedging - Currency Futures Contracts 10:00 | |||
| External Hedging - Currency Futures Contracts, Example- Marking to Market,More on Currency Futures Contracts, Example- Lock- in Rate 14:00 | |||
| Comparison of Forward and Futures Contracts, External Hedging - Currency Swaps, Example and Activity- Currency Swap I 15:00 | |||
| Valuation of Plain Vanilla Currency Swaps, Activity- Currency Swap II, External Hedging - Forex Swaps, Chapter 14 -Summary 9:00 | |||
| Chapter 15 | |||
| Interest Rate Risk Management, Nature, Forward Rate Agreements 5:00 | |||
| Example- Forward Rate Agreement, OTC Options - Interest Rate Cap, Example-Interest Rate Cap 12:00 | |||
| OTC Options - Interest Rate Floor, Interest Rate Collar, Example- Interest Rate Collar, Interest Rate Futures 8:00 | |||
| Example-IRF Basis Risk,Hedging with IRF,Interest Rate future lock-in rate,Example-IRF Basis Risk 6:00 | |||
| Exchange-traded interest rate options on futures,Hedging with options on future contracts,Work through Activity 1-Futures-Options Hedging 5:00 | |||
| Interest rate swaps,Example and Activity- Plain Vanilla Swaps,Swaps - Advantages and Disadvantages,Quoatation of Plain Vanilla Swaps 13:00 | |||
| Bank as Counter-party, Using Forward Rates to Value Swaps,Activity-Swap Valuation, Flavoured Swaps and Swaptions,OTC Agreements v Exchange-traded Derivatives,Chapter 15-Summary 13:00 | |||
| Chapter 16 | |||
| The Economic Environment for Multinationals, Multinational Corporations, International Trade- Advantages, Protectionism - 'Red Tape', Quotas, Embargoes 16:00 | |||
| Free Trade Areas and Customs Unions, Mobility of Capital, Exchange Rate Systems 17:00 | |||
| International Financial Institutions, Central Banks, Global Debt 13:00 | |||
| Real world Example-Chines Property Bond, Islamic Finance- Islamic Financial Institutions,Benefits and Drawbacks, Finacial Products + 22:00 | |||
| Real world Example-Green Sukuk,Sukuk Finance 4:00 | |||
| The global financial crisis (2007-) 7:00 | |||
| Chapter 17 | |||
| International Operations,International Trade, Political Risk, Overseas Expansion, International Treasury Function 10:00 | |||
| Centralised Treasury Management, Example- Bilateral Netting, Multilateral Netting, Activity-Multilateral Netting 15:00 | |||
| Example-Agency Issues, International Capital Budgeting - NPV, Proforma- Conventional Approach, Activity- Overseas Project Evaluation, Adjusted Present Value 11:00 | |||
| International Capital Structure - Financing Methods, Transfer Pricing, Activity- Transfer Pricing, Real world example- reactions to tax avoidance, Chapter 17- Summary and Practice questions 7:00 | |||
| Chapter 18 | |||
| Financial Statement Analysis,Ratios,Performance Ratios 17:00 | |||
| ROCE - Analysis, Short-term Liquidity Ratios, Real word Example, Long-term Liquidity Ratios, Example 2- Imapct of Gearing on Earnings 17:00 | |||
| Efficiency Ratios, Investor Ratios 16:00 | |||
| Cathcart - Statement of Financial position as at 31 December 20X0 15:00 | |||
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