EXECUTIVE MASTER in BUSINESS ADMINISTRATION

Course Description

FINA 611B: Finance

Note: All courses carry 4.5 credits unless otherwise stated.

This course is divided into two parts.

Part 1 examines the role of finance in supporting the functional areas of a firm and fosters an understanding of how financial decisions themselves can create value.

Topics covered include basic analytical skills and principles of corporate finance; functions of modern capital markets and financial institutions; and standard techniques of analysis, including capital budgeting, discounted cash flow valuation, and risk analysis.

Part 2 builds on the foundation developed in part 1, focusing on a number of managerial decisions: how to evaluate complex investments, how to set and execute financial policies within a firm, and how to integrate the many financial decisions faced by firms.

Part 2 focuses on advanced valuation - valuation of levered firms and projects; advanced valuations - options as a metaphor for flexibility; financial choices of firms - financing, distributing funds to shareholders, managing risk; and integrated financial decisions, especially in the face of conflicts of interest and different legal/regulatory rules.

Students will learn methods for reviewing the range of issues confronting a corporation as it determines the role of financing in the enterprise such as financial analysis, capital budgeting, capital structure, and cost of capital. They will also learn valuation techniques, ways to manage working capital, how NPV and valuation techniques are related, and methods for managing debt and equity financing.