20110122、23上海复旦CFAä&ce

20110122、23上海复旦CFAä&ce

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金程教育2011年6月CFA一级基础班讲义 Corporate Finance 讲师:汪哲凡 日期:2011年1月 地点: ■上海 □北京 □深圳 上海金程国际金融专修学院 100% Contribution Breeds Professionalism 2-115 115 Study Session 1 Ethics & Professional Standards 15 Study Session 2-3 Quantitative Analysis 12 Study Session 4-6 Economics 10 Study Session 7-10 Financial Reporting and Analysis 20 Study Session 11 Corporate Finance 8 Study Session 12 Portfolio Management and Wealth Planning 5 Study Session 13-14 Equity Investment 10 Study Session 15-16 Fixed Income 12 Study Session 17 Derivatives 5 Study Session 18 Alternative Investments 3 Total: 100 CFA 一级课程框架
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100% Contribution Breeds Professionalism 3-115 115 SS11 ¾ Reading 44: Capital Budgeting ¾ Reading 45: Cost of Capital ¾ Reading 46: Working Capital Management ¾ Reading 47: Financial Statement Analysis ¾ Reading 48: The Corporate Governance of Listed Companies: A Manual for Investors Corporate finance 100% Contribution Breeds Professionalism 4-115 115 Introduction of Corporate Finance z What is Finance? The science of funds management. z Central Question How can we maximize corporate value through investment and financing decisions ?
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100% Contribution Breeds Professionalism 5-115 115 Buy Home vs. Lease Home ¾ Financial considerations ¾ Investment Which way do you vote? Source: Global Property Guide 100% Contribution Breeds Professionalism 6-115 115 Buy Home vs. Lease Home Hong Kong Source: Global Property Guide
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100% Contribution Breeds Professionalism 7-115 115 Buy Home vs. Lease Home Source: Global Property Guide 100% Contribution Breeds Professionalism 8-115 115 Buy Home vs. Lease Home ¾ Financial considerations ¾ Investment Which way do you vote? ¾ Financing What is the best way to finance it? ¾ Strategic considerations ¾ Synergy (1+1>2) Does the acquisition generate value of synergy? ¾ Corporate governance How is the corporation directed and controlled by shareholders?
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100% Contribution Breeds Professionalism 9-115 115 Framework of Corporate Finance Corporate Finance Investment Policy Financing Policy Corporate Governance Direction & Relationship Capital Structure Cost of Capital Decision Making Money Market Tools Working Capital Capital Budgeting 100% Contribution Breeds Professionalism 10 10 -115 115 1. Capital Budgeting
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100% Contribution Breeds Professionalism 11 11 -115 115 Framework of Capital Budgeting Capital Budgeting Budgeting Process Budgeting Principles Valuation Tools 5 Methods NPV vs. IRR Popularity Long-term investment analysis & decision-making 100% Contribution Breeds Professionalism 12 12 -115 115 Capital Budgeting Process ¾ Capital budgeting is the process of determining and selecting the most profitable long-term projects ¾ Idea generation ¾ Analyzing project proposals ¾ Create the firm-wide capital budget ¾ Monitoring decisions and conducting a post-audit
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100% Contribution Breeds Professionalism 13 13 -115 115 The Basic of Capital Budgeting ¾ Capital projects can be classified as ¾ Replacement decision to maintain the business ¾
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This note was uploaded on 11/02/2011 for the course FINANCE 612 taught by Professor Liyang during the Spring '11 term at Covenant School of Nursing.

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20110122、23上海复旦CFAä&ce

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