AC410 Corporate Finance (3 cr.)

Prerequisite(s): AC205 
This course is an in-depth study of corporate financial management strategies. It focuses on decisions regarding risk and return, the management of current assets and current liabilities, capital budgeting using the time value of money concepts, and the maximization of shareholder wealth in a global economy. It also examines organizational use of the stock market and other financial institutions and systems.

Upon completion of this course, students are expected to be able to do the following:

1. Differentiate the various forms of business organization and evaluate the advantages and disadvantages of each.
2. Explain the tax and financial reporting requirements for the various forms of business organizations.
3. Apply the principles of managing current assets and current liabilities of business entities.
4. Assess the existence of management problems or opportunities by analyzing company financial statements and making comparisons to other companies in the same industry.
5. Apply the time value of money concept used in the capital budgeting and financing/investment decision making process.
6. Prepare cash flow budgets used in the capital budgeting and financing process utilizing the appropriate computer software.
7. Examine the financial management of a company in today’s world economy and markets.
8. Describe different forms of financing that may be available to a company and evaluate the pros and cons of each.
9. Assess the process of “going public” and the related additional reporting requirements.