This E-Book is a comprehensive manual on corporate finance that delves into the intricacies of financial decision-making within a corporation. It covers a wide array of topics, systematically categorized into several distinct yet interconnected sections, providing a structured approach to learning about the fundamental principles of corporate finance.
The book begins with the "Fundamentals of Corporate Finance," explaining the objectives, the role of a Chief Financial Officer (CFO), and the essential valuation principles, alongside the core concepts of value creation for shareholders. It then progresses to elaborate on the valuation process, discussing both the numerator (cash flows) and the denominator (time value of money) in detail. This section also addresses investment valuation techniques like Net Present Value (NPV) and Internal Rate of Return (IRR), along with various methodologies for calculating the cost of capital.
Further on, the E-Book explores "Financial Decisions," including investment and financing decisions, as well as working capital management and financial planning. It then provides an in-depth examination of "Financing Structure and Value," featuring discussions on the effects of taxes, dividend policy, and foundational theories such as the Modigliani-Miller Theorem.
"Mergers and Acquisitions" is another key focus area, highlighting the strategic and financial considerations of corporate restructuring events, including synergy assessment, valuation, and negotiation processes.
The manual doesn't shy away from the global aspects of finance, dedicating a section to "International Finance." This includes discussions on capital budgeting in multinational corporations, project finance, and various financial instruments used globally.
Finally, the E-Book ensures practicality by incorporating self-assessment questions, exercises, and their solutions, which serve to reinforce the theoretical knowledge presented. The inclusion of a bibliography suggests a well-researched manual that may draw on a wealth of authoritative sources in the field.
EFFAS is a not-for-profit organisation founded in 1962. Its goal is to set the requirement standards for investment professionals, to act as a think tank and centre for discussion and be a European reference in Training & Qualifications.
EFFAS is the umbrella organisation of 14 national societies in Europe. It represents more than 16,000 Financial Analysts, Asset Managers, Pension Fund Managers, Corporate Finance Specialists, Risk Managers, Treasurers and other professional profiles in the investment professions.
Corporate Finance Wirtschaft CEFA Manual EFFAS