FINANCIAL MARKET COURSES
Japanese Equity Market
Receivable Finance (New)
Lending - An Introduction
The Lending Cycle
Commodities - An Introduction (Revised)
Commodities - Trading (New)
Commodities - Livestock (New)
Commodities - Softs (New)
Primer – MiFID II/MiFIR (New)
Understanding Private Wealth Management Business
Private Wealth Management Products & Services
Primer – Smart Beta (New)
Available on iPad and Android tablets as well as desktop
Corporate Finance – Cost of Capital
The cost of capital is one of the most important, and least understood, concepts in corporate finance. While it can be regarded as a fundamental building block of corporate finance, the cost of capital is frequently ignored by many companies as they go about their day-to-day operations. Investments or projects that are capable of earning returns greater than the cost of capital add value for shareholders. Therefore, by ignoring the cost of capital, companies run the risk of misallocating capital and therefore destroying rather than creating shareholder value.
This course will provide you with the tools necessary to determine debt and equity capital costs, so that a proper comparison can be made between a company’s cost of capital and the return actually being earned on that invested capital.
On completion of this course, you will be able to:
• Describe the risk/return nature of debt capital and the tax benefits to be derived from the use of debt as a financing tool
• Explain the capital asset pricing model (CAPM) and how it is used to determine the appropriate cost of equity capital
• Calculate the weighted average cost of capital (WACC) for a company
• Describe the common pitfalls in the use of cost of capital
Topic 1: Cost of Debt Capital
Topic 2: Cost of Equity Capital
Topic 3: Weighted Average Cost of Capital (WACC)
Topic 4: Cost of Capital Pitfalls
ESTIMATED COMPLETED TIME
Corporate Finance – Capital Budgeting
This course will provide you with the quantitative tools needed to properly evaluate capital budgeting opportunities for the purpose of maximizing the value of a firm.
Other Courses In:
Corporate Finance - An Introduction
Corporate Finance - Measuring Business
Performance - Free Cash Flow
Corporate Finance - Measuring Business Performance - Economic Profit
Corporate Finance - Capital Budgeting
Mergers & Acquisitions (M&A)
Corporate Finance - Acquisition Analysis
Intuition engages with over 30 accreditation bodies to ensure Know-How can be used for CPE credits. If your organization needs CPE from a body not listed below, contact us and we will endeavour to have them included.
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