ESCP Europe

1 What is corporate finance? --- SECTION I: FINANCIAL ANALYSIS PART ONE: FUNDAMENTAL CONCEPTS IN FINANCIAL ANALYSIS --- 2 Cash flows --- 3 Earnings --- 4 Capital employed and invested capital --- 5 Walking through from earnings to cash flow --- 6 Getting to grips with consolidated accounts --- 7 How to cope with the most complex points in financial accounts --- PART TWO: FINANCIAL ANALYSIS AND FORECASTING --- 8 How to perform a financial analysis --- 9 Margin analysis : structure --- 10 Margin analysis : risks --- 11 Working capital and capital expenditures --- 12 Financing --- 13 Return on capital employed and return on equity --- 14 Conclusion of financial analysis --- SECTION II: INVESTMENT ANALYSIS PART ONE: INVESTMENT DECISION RULES --- 15 The financial markets --- 16 The time value of money and net present value (NPV) --- 17 The internal rate of return (IRR) --- 18 Incremental cash flows and other investment criteria --- 19 Measuring value creation --- 20 Risk and investment analysis --- PART TWO: THE RISK OF SECURITIES AND THE COST OF CAPITAL --- 21 Risk and return --- 22 The cost of equity --- 23 From the cost of equity to the cost of capital --- 24 The term structure of interest rates --- SECTION III: CORPORATE FINANCIAL POLICIES PART ONE: FINANCIAL SECURITIES --- 25 Enterprise value and financial securities --- 26 Debt securities --- 27 Managing net debt --- 28 Shares --- 29 Options --- 30 Hybrid securities --- 31 Selling securities --- PART TWO: CAPITAL STRUCTURE POLICIES --- 32 Value and corporate finance --- 33 Capital structure and the theory of perfect capital markets --- 34 The tradeoff model --- 35 Debt, equity and options theory --- 36 Working out details: the design of the capital structure --- PART THREE: EQUITY CAPITAL AND DIVIDEND POLICIES --- 37 Internal financing: revinvesting cash flow ---38 Returning cash to shareholders: dividend policies --- 39 Capital increases --- SECTION IV: FINANCIAL MANAGEMENT PART ONE: VALUATION AND FINANCIAL ENGINEERING --- 40 Valuation --- 41 Choice of corporate structure --- 42 Taking control of a company --- 43 Mergers and demergers ---44 Leveraged buyouts (LBOs) --- 45 Bankruptcy and restructuring --- PART TWO: MANAGING NET DEBT AND FINANCIAL RISKS --- 46 Managing cash flows --- 47 Asset-based financing --- 48 Managing financial risks..