# Corporate Finance – Learning Roadmap

Think of finance as a subject that answers three basic questions:

1. How do you evaluate opportunities for investment? – also known as the valuation question
2. How do you choose between opportunities? – also known as the investment or choice question
3. How do you fund or finance your investment decisions and choices? – also known as the funding question

At its heart the ability to work with finance requires an ability to translate tomorrow’s returns into today’s dollars. At a simplest level this requires you to calculate present values using a defined rate of return. At a more complex level we add in payouts that vary with events, probabilities for events and distribution of investment returns based on your class as an investor. As a seasoned financial you adjust payments for likelihood, structure payments for tax efficiency and do analysis that zeroes in to drivers of financial performance for a business – sometimes to identify and fix problems, sometimes to learn how to repeat and replicate outstanding results.

# What are the prerequisites?

No prior knowledge of the subject is required except for a familiarity with basic mathematics.

# What topics are covered?

The Corporate Finance- First course covers the financial statements (i.e. the balance sheet and profit and lost statements); time value of money; risk and return; opportunity cost; cost of capital; weighted average cost of capital and return measures; projected statements; valuation of a given entity at point in time. It aims to address the primary question “How do we derive a value for the entity and how do we determine if it represents fair value for that share?”

The Ratio Analysis course addresses four key concepts – liquidity, leverage, profitability and productivity. The Credit analysis course focuses on the impact of leverage (financial and operational) on a business and the concept of degrees of operational leverage. It deals with the thinking behind the borrowing decisions of an entity. The Credit Process course focuses on the lending side of this equation.

## Case studies

• Business Finance Case: AMD: Valuation and Projections: Case Guide
• Finance Tax and Corporate Structure Case: Corporate Finance: LLC or C-Corp
• Finance Credit Applications Case: Credit Process: Baldwin Piano
• Corporate Finance Orientation Case: Electronic Arts: Corporate Finance
• Financial Analysis Case: Office Depot: Ratio Analysis
• Financial Analysis Case: Ratio Analysis: ODP and Staples
• Finance Risk Management Class: Risk for the Oil and Petrochemical Industry

### Credit Process & Analysis

1. Small Business Loans: Analyzing Cash Flows for Credit: Introduction
2. Small Business Loans: Analyzing Cash Flows for Credit: Cash from Sales
4. Small Business Loans: Analyzing Cash Flows for Credit: Operating Cash
5. Small Business Loans: Analyzing Cash Flows for Credit: Numerical Example
6. Small Business Loans: Investor Due Diligence and Pre Investment Audits

1. Small business Loans: Lessons for SME Owners – Accounting to ratio analysis
3. Small Business Loans: Regional financial initiatives
5. SME Financing Basics: Operating Cycle, Books of Accounts and Forms of doing business

### Accounting refresher

1. Basic Accounting Short Course for small business – Course Guide
2. Basic Accounting Short Course: Small Business Accounting Training- Integrating Sales, Purchases & Returns
3. Accounting Crash Course: Purchases Journal and Purchases Ledger
4. Accounting crash course: Sales Journal, Sales Ledger and Trade discounts
5. Accounting Crash Course: Sales Journal and Sales Ledgers

## Related EXCEL Fles

Credit Analysis – Financial Institution – EXCEL Example

## Random Testimonial

• ~ Corporate Training Testimonials

"A most amazing training - hands down the best, most useful, and most relevant I had during my tenure. Simply put, I loved it and will continue to build on the models.

Financial Modeling Course Participant
First Gulf Bank, Abu Dhabi, UAE

I have attended a number of training courses conducted by Alchemy technologies. Broadly, the areas covered have been Financial Risk Management aspects, Basel II implementation in Pakistan, as well as product knowledge for relatively new products in the our market for instance Financial Derivatives. As trainers, Mr. Jawwad Farid and his team bring in a wealth of conceptual knowledge entwined with their own professional experiences, adapting and honing it to our local market needs. The training courses are very informative and are delivered in a witty and energetic manner. The learning needs of the participants are kept in focus, and they are kept involved by interactive discussions and queries. Personally, I have always left these sessions with a much better understanding and grasp over the subjects delivered, which has helped me professionally.”

Treasury Middle Office
Habib Bank Limited

“Jawwad Farid has admirably led the training piece on the Treasury side covering Treasury risk, Treausury products, Derivatives (basic & Advanced), Fixed income securities (Basic & Advanced) and ALM training modules. Jawwad in our opinion is an “Outstanding Senior Trainer” who has deep subject matter knowledge and an uncanny ability to keep the participants engaged in the training process. So far our clients have expressed maximum level of satisfaction in Jawwad’s capability to deliver high value training programs, that have tangibly enhanced their staff’s skill sets.

Based on our direct more than satisfactory experience, Jawwad’s otherwise exceptional track record on the training side with over 90 technical skill building courses in South Asia, Middle Eastern and Far Easterm markets, we have no hesitation in strongly recommending Jawwad Farid for the training that for participants based out of Malaysia or the adjoining Far Eastern Markets.”