ALI Plus-Finance (APFA1-CE)

<P>Understand the fundamental principles of corporate finance, concentrating on cash flow and the financing of each asset line of the balance sheet. Various forms of financing are discussed, including conventional term loan arrangements, asset-based lending, revolving credit lines, factoring, letters of credit, and long-term debt options. Finally, focus on what effect the various financing options may have on the potential success of a business and the market price of a corporation's stock during this period. The bank/corporation relationship is also discussed.</P>

<P>In this lab-based course, gain expertise in the quantitative methods used by securities analysts to evaluate and value publicly traded securities. After a brief review of present value, accounting, and statistics, learn how to make investment decisions based upon present value and other quantitative techniques. Use Excel formats and layouts to create discounted cash flow and relative valuation models. Receive instruction against the backdrop of current market trends; financial news; and other factors that affect stock valuation, such as how the quantitative models interact with changes in security or market attributes.</P>

<P>Examine the fundamental methods employed in valuing a business. Major emphasis is placed on the discounted cash flow (DCF) method. Other methods explored include comparative market value, book value, the earnings approach, replacement value, liquidation value, and the factor approach. Analyze and evaluate a company of your choice by using the DCF approach and applying other appropriate valuation methods.</P>