Corporate Finance Essentials is a structured track of 6 lessons that build a complete, interview-ready understanding of the topic. Work through them in order, then use the quiz and flashcards in each lesson to revise.
What this course covers
- Capital Budgeting: NPV, IRR & Payback - Capital budgeting is the process of evaluating and selecting long-term investment projects that maximize shareholder value.
- Cost of Capital & WACC Explained - WACC = Ke × [E/(D+E)] + Kd × (1-T) × [D/(D+E)] Cost of Equity (Ke) via CAPM: Ke = Rf + β × (Rm - Rf) India: Rf = 10Y G-Sec yield (~7.0%), Market Risk Premium = 5.0-6.0%,
- Capital Structure: Debt vs Equity - Capital structure refers to the mix of debt and equity a firm uses to finance its operations and growth.
- Dividend Policy Explained - Theory Key Proposition Implication Indian Relevance MM Irrelevance (1961) In perfect markets, dividend policy doesn't affect firm value - investors can create 'homemade d
- Working Capital Management Explained - Cash Conversion Cycle (CCC) = Days Inventory Outstanding (DIO) + Days Sales Outstanding (DSO) - Days Payable Outstanding (DPO) Shorter CCC = less cash tied up = better ef
- Mergers & Acquisitions (M&A) Basics - M&A; involves combining or acquiring companies to create strategic, operational, or financial value.