Advanced Corporate Finance for Accounting and Control

2019-2020
This course is offered in Dutch. Some of the descriptions may therefore only be available in Dutch.

Course Objective

This course is an advanced course in Corporate Finance. This course has
three main learning objectives.

1. Extending academic/ professional knowledge in Corporate Finance:
learning about academic concepts in Corporate Finance (Technical
knowledge).
2. Understanding the origin and empirical strength of academic
concepts in Corporate Finance: (Critical skills; Conceptual reasoning).
3. Applying academic concepts in Corporate Finance in real life
cases: confrontation of academic concepts in Corporate Finance with real
life situations (Problem-solving skills; Conceptual reasoning).

After following this course, you:
- Understand Corporate Finance academic concepts, including their
strengths and limitations in application in Corporate Finance practice.
- Are able to apply these basic concepts in real life cases
(professional practice), i.e. being able to choose between various
concepts.

More specific learning objectives for the working classes and case
solving are:
- Ability to analyze and solve real life cases in Corporate
Finance;
- Being able to report on a case in Corporate Finance.

Course Content

This course is an advanced course in Corporate Finance.

Corporate Finance discipline is about matching companies’ assets with
investor’s preferences. It has both a micro perspective on CFO decision
making and a macro perspective on the functioning of Corporate Financial
Markets.

This course gives an overview of academic knowledge in corporate finance
relevant for corporate finance professionals.

As this course is an advanced course most relevant theories will be
briefly reviewed. Specific attention is given to the application of
corporate finance theories in practice: do assumptions hold? Which
theory fits best in which specific circumstances?

This course requires basic knowledge from standard textbooks on
Corporate Finance, like the book written by Brealey and Myers or the
book authored by Berk and DeMarzo.

Main topics in this advanced course are:
- leverage decision;
- dividend decision;
- relevance of risk management in corporate finance;
- corporate debt market;
- structured corporate finance (project finance, asset
securitization, LBO);
- credit risk measurement (including rating agencies) and credit
risk pricing;
- equity risk measurement and pricing;
- valuation of equity and debt in distress situations and
convertible debt valuation.

Teaching Methods

Lectures, including discussion of case assignments

Method of Assessment

TBA

Entry Requirements

This advanced course is elaborating on classical text books like
Corporate Finance (Berk and DeMarzo) and Principles of Corporate Finance
(Brealey, Myers and Allen).

Students are expected to be familiar with chapters in these books on
capital structure, payout policy, cost of capital, CAPM, capital
budgeting, time value of money, option valuation, working capital
management. These chapters mark the entry knowledge level of this
course. Students not very familiar with these books are advised to have
a look at these books or even buy it for (required) background knowledge
needed in this course.

Literature

TBA

General Information

Course Code E_PTACC_ACF
Credits 6 EC
Period P2
Course Level 400
Language of Tuition Dutch
Faculty School of Business and Economics
Course Coordinator J.F. Jullens
Examiner J.F. Jullens
Teaching Staff J.F. Jullens

Practical Information

You need to register for this course yourself

Last-minute registration is available for this course.

Teaching Methods Lecture
Target audiences

This course is also available as: