NUS AMP 4 – Corporate Finance

Managers in every functional area need to understand and apply the basic principles of financial accounting and finance to improve the effectiveness of their operations and strategy, and to work more effectively with the financial managers of their organizations. This course provides an understanding of the application of accounting and finance concepts and helps you apply appropriate techniques to evaluate investment projects and value firms. The sessions will be interactive and participants will be encouraged to ask questions and share their perspectives. Exercises, examples and case studies will be used from a wide range of industries and markets.
Private

Course Learning Objectives:

  • Learn a brief introduction to the major strategic decisions including investment, financing, and dividend payout decisions.
  • Understand the time value of money and estimate the cost of capital.
  • Understand the difference between cash flow and net income.
  • Estimate relevant cash flows on an incremental basis to make investment decisions.
  • Make investment decisions using NPV, IRR, and payback method.
  • Understand valuation using multiples such as price to earnings ratio (P/E) of comparable firms.
  • Learn the limitations of using relative valuation to price unique firms with few comparables.

Faculty

Prof. Ravi Jain

Prof. Ravi Jain

Professor

Prof. Ravi Jain teaches executive education courses in finance and accounting offered by business schools and corporate clients. He teaches regularly in the National University of Singapore’s (NUS) Executive MBA Program and in executive programs offered by UC Berkeley and UCLA. He was a member of the NUS faculty from 2006 to 2021 and he has served as the Academic Director of the NUS MSc (Management) and CEMS Master’s in International Management (MIM) programmes.  He has previously taught at the University of Southern California, Temple University, Indian School of Business, and Cheung Kong Graduate School of Business, and in executive programs for Accenture, Aditya Birla Group, Citibank India, Citibank Singapore, Life Insurance Corporation, McKinsey, National Thermal Power Corporation, NUS Business School, Oberoi Group, the Risk Management Institute at NUS, Standard Chartered Bank, UBS Global Asset Management, and UBS Wealth Management. He has also been a consultant on international financial markets for the United Nations Conference on Trade and Development (UNCTAD) in Geneva.

Prof. Jain has won several teaching awards at NUS multiple times including the university’s Annual Teaching Excellence Award, the business school’s Outstanding Educator Award, and the MBA Program’s Best Lecturer Award.  He is a co-author (with Zvi Bodie, Alex Kane, and Alan J. Marcus) of Investments Asia Global Edition (published by McGraw Hill), a textbook on investments and portfolio management that is widely used in the top business schools in Asia. He has published papers in academic journals on topics such as dividend policy, ownership structure, closed-end fund discounts, market microstructure, reverse takeovers, and direct share purchases.  He has a PhD in Finance from the University of California, Los Angeles (UCLA).

Syllabus

Learning Objectives:
  • Learn a brief introduction to the major strategic decisions including investment, financing, and dividend payout decisions.
Module Components:

Readings:

  • Ivo Welch, Corporate Finance Chapter 16 and 20
  • Case Study: The Case of the Unidentified Industries, Assessing a Company’s Future Financial Health, Pages 10, 11 & 13.

Videos:

  •  Overview of Corporate Finance

 

Learning Objectives:
  • Understand the time value of money and estimate the cost of capital.
  • Understand the difference between cash flow and net income.
Module Components:

Readings:

  • Ivo Welch, Corporate Finance Chapter 2, page 16 onwards
  • Ivo Welch, Corporate Finance Chapter 3, pages 37-44
  • Ivo Welch, Corporate Finance Chapter 10, pages 213-216
  • Ivo Welch, Corporate Finance Chapter 18, page 484

Excel Example:

  • Essential Tools for Valuation

Videos: 

  •  Essential Tools for Valuation 1
  •  Essential Tools for Valuation 2
  •  Essential Tools for Valuation 3
  •  Essential Tools for Valuation 4
Learning Objectives:
  • Estimate relevant cash flows on an incremental basis to make investment decisions.
  • Make investment decisions using NPV, IRR, and payback method.
Module Components:

Readings:

  • Ivo Welch, Corporate Finance Chapter 4, pages 55-61, 68-71
  • Ivo Welch, Corporate Finance Chapter 14
  • Case Study: Phuket Beach Hotel: Valuing Mutually Exclusive Capital Projects

Excel Example:

  • Making Investment Decisions

Videos:

  • Making Investment Decisions 
Learning Objectives:
  • Understand valuation using multiples such as price to earnings ratio (P/E) of comparable firms.
  • Learn the limitations of using relative valuation to price unique firms with few comparables.
Module Components:

Readings:

  • Ivo Welch, Corporate Finance Chapter 15
  • Relative Valuation Guidelines

Videos: 

  •  Relative Valuation

Support

Please email [email protected] for any support required with respect to the program, course or platform.