Course syllabus (page 1 of 3)
Day 1 - Morning: Introduction
- Introduction and overview of the course
- Introduction to investment banking and corporate finance careers
- What is an investment bank?
- What is the structure of an investment bank?
- What do investment banks do?
- What are the types of groups within the investment banking division?
- What is the hierarchy within the investment bank?
- What kind of work do investment bankers do?
- Overview of private equity, venture capital and hedge funds
- Accounting overview
- Accrual accounting and the income statement
- The balance sheet, working capital and understanding shareholder's equity
- The cash flow statement
Day 1 - Afternoon: Corporate Finance Overview and Financial Statement Analysis
- Corporate Finance overview
- The investment decision: IRR and NPV
- Understanding capital structure
- Sources of information
- Overview of SEC documents
- Using and understanding the 10-K and 10-Q
- Financial statement analysis
- Ratios and growth rate analysis
- Normalizing the financials
- Time periods
Day 2 - Morning: Valuation
- Introduction to valuation
- The importance of valuation
- Understanding enterprise value and equity value
- Valuation method 1: Comparable Company Analysis
- Selecting comparable companies
- Spreading comparable companies