[经济学]00 2010 fall course outlineof Corporate Finance IIppt课件

1、2020.91Corporate Finance II - 2020 fallFor undergraduate studentsProf. CHEN Taotao2020.92Agendao Objectso Teaching Methodologyo Requirementso Evaluation o Referece booko Course schedule2020.93Objectso Learn the basic standardized knowledge of Corporate Finance course.o Try to taste and master the ba

2、sic skill of financial analysis and decision making.o Understand and study the relevant situation in China2020.94Teaching Methodologyo For Object I: knowledge and principlesn Lecturen What are the main content and skills?20075What does financial manager deal with?Financing Investment Cash InflowOper

3、ating Profit Taxes Debt Payment Or/and Dividend Retained EarningFirms OperatingFinancial ManagerCapital and Money MarketGovernmentFinancial Manager and Cash Flows2020.96Teaching Methodologyo Contents nFinancial statement analysis and forecastingnTime value / risk and return/cost of capitalnValuation

4、nCapital BudgetingnLong Term FinancingnWorking capital managementnDividend policynMerger & Acquisition2020.97Teaching Methodologyo For Object II: skill of financial analysisn Case studyn What are those cases ?2020.98Teaching Methodologyn Case study o Case I: Financial statement analysiso Case II

5、: Cost of capitalo Case III: Capital budgetingo Case IV: Financingo Case V: Dividend policyo Case VI:LBO Merger & Acquisition2020.99Teaching Methodologyo For Object III: understanding Chinese situationn Team project and presentationn What are the topics for team project and presentation ?2020.91

6、0Teaching Methodologyn Topics to be choseno Financial statement analysis for Chinese companieso Cost of capital analysis in Chinao Capital structure of Chinese listing companieso Dividend policy for Chinese listing companieso Etc.2020.911Teaching Methodologyn Each team is required to chose a Chinese

7、 listing company in certain industry, such as o Retail industry Guomei, Suning,o Cell phone manufacturing TCL, Bird,ZTEo TV sector TCL, Hisens, konkao Etc.2020.912Requirementso Study team is required, and 3-4 students within one team.o For case studynTeam discussion is required before coming to the

8、class discussionncase study outline is required before the beginning of case study class.nNo presentation of every case is required in class, all the case study is led by professor.nOne report is required for each team for every case, and all the team member will be evaluated with a same score.2020.

9、913Requirementso For team project and presentation China TopicnEach team should search for at least two or three references associated with the topic; nEach team is required to make a presentation in Class; PPT document is required for the presentation.nAfter each presentation, PPT documents and the

10、 packaged reference are required to past on our discussion area.2020.914Evaluationo Class participation and case report, 1/3;o General tests and mid-term exam, 1/3;o China topic assignment and final report, 1/3 2020.915Reference Booko Principle of Corporate Financen Author: Stewart C. Myers，Richard

11、A.Brealeyn Edition:7th or beforeo Corporate Financen Author: Stephen A. Ross, Randolph W.Eesterfield and Jeffrey F. Kaffen Edition: 6th or before2020.916Course schedulen 1st:o Course Introductiono Lecture review: Financial statement analysis and forecastingn 2nd:o Case Study I: Fisher Electricity202

12、0.917Course schedulen 3th: o China Topic I: Financial statement analysis of Chinese Listing companyo Lecture: Cost of capitaln 4th:o Case Study II: BC Telecomo China Topic II: cost of capital for Chinese listing company2020.918Course schedulen 5th:o Lecture: Capital budgetingn 6th:o Case study: Laur

13、entian Bakeryn 7th:o Lecture: Long term financing2020.919Course schedulen 8th:o Case Study: ROCKY Mountain Highn 9tho Lecture: Working capital Managemento China Topic II: Financing decision analysis in Chinese listing companyo Guest speaker: TBD2020.920Course schedulen 10th o Mid-term examinationn 1

14、1th:o Lecture: Dividend Policyn 12th:o Case study: Dividend Policy at FPL Group, Inc2020.921Course schedulen 13th:o China Topic III: Dividend Policy in Chinese listing companyo Lecture: n Business Valuation n Merger & Acquisition n 14th:o Case Study: Lawson & Jones 2020.922Course schedulen 1

15、5th:o Discussion for preparing final presentationn 16th: Final presentation2020.923oThank you!2020.924Framework of Corporate Finance case studyo Background analysis 背景分析n Macro situation analysis 宏观分析n Inustry analysis 行业分析n Firm analysis 企业分析o Financial statement analysis财务根底状况分析2020.925Framework o

16、f Corporate Finance case studyo Analysis associated with specific financial decision making 新决策的相关分析o The impact of Decision making on future financial situation 新决策对财务状况的影响o Other non-financial factors其他非财务因素的考虑o Decision making 决策2020.926Framework of Corporate Finance case studyo Background analys

17、is 背景分析n Macro situation analysis 宏观经济变量o GDP growth; GDP，GDP增长，o Inflation 通货膨胀o Interest rate 利率程度o Exchange rate 汇率o 。2020.927Framework of Corporate Finance case studyo Background analysis 背景分析n Inustry analysis 行业分析o Main business 主要业务类型，内容与构造o Output and growth 产出的程度与增长，与GDP的关系o Competition status 竞争状况o Market structure 市场构造与份额o etc；2020.928Framework of Corporate Finance case studyo Background analysis 背景分析n Firm analysis 企业分析o Main business 主要业务类型，规模，构造，。o Market share 市场份额o Production capacity 消费才能o Technology capacity 技术才能o Competitive strength