AC410 Corporate Finance (3 cr.)

Prerequisite(s): BU300   
This course is an in-depth study of corporate financial management strategies and the fundamentals of finance. The application to a wide variety of real-world situations spanning personal finance, corporate decision making, and financial intermediation is emphasized. The course focuses on key concepts and decisions regarding risk and return, the management of current assets and current liabilities, capital budgeting using the time value of money concepts, asset valuation, and the profit 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. Evaluate the pros and cons of assorted forms of financing that may be available to a company. 
2. Apply methods used for tax, cashflow, and financial statements along with reporting requirements for business organizations.
3. Analyze interest rates and the valuation of stocks, bonds, risks, and rate of return.
4. Apply the principles of capital structure, dividend policy, and risk management.
5. Prepare capital budgeting for long-term assets and risks associated with the assets.
6. Apply the time value of money methods in the capital budgeting and the implications for financing/investment decision-making process.
7. Prepare cash flow budgets, capital management, and financial forecasting using the applicable software. 
8. Analyze the company’s financial data to maximize the value of the organization’s capital (money) to fulfill the goals of the company.