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ACF-P10
PGDM 2010-12: Term-V

ADVANCED CORPORATE FINANCE
PGDM: 1.5 credits

Instructor: Banikanta Mishra

Course Content: The basic courses in financial-management (IRV and CID) have already introduced you to valuation principles, bond and stock valuation, risk and return, capital asset pricing model, cost of capital, capital structure, dividend policy, cash-flow estimation, and rudiments of capital-budgeting. In this advanced course in corporate-finance, you will be introduced to advanced capital-budgeting (including decision-tree and sensitivity analysis), leasing and other kinds of debt-financing, financial planning and forecasting, short-term financial-management (mainly cash management, inventory management, and credit management), overview of corporate financing, some more on capital structure and dividend policy, and options & convertibles.

Text: The text for this course is Principles of Corporate Finance Richard Brealey, Stewart Myers, Franklin Allen, and Pitabas Mohanty (Tata McGraw Hill). For cases, you would need to refer to Case Problems in Finance by Carl Kester, Richard Ruback, and Peter Tufano (McGraw Hill International Edition, Twelfth Edition).

Grade: Your course grade would be based on your performance in the (Final) Examination (75%), Class Participation (10%), and the three Cases (5% x 3 = 15%). Make-up examinations would be given only in exceptional circumstances. For each case, your group (3-6 members) has to submit a written report and present it if asked. Instructions for writing case-reports would be provided by the instructor.

Class Participation: All students are expected to take an active part in class discussions. If I find that you are very inactive in class, I would be forced to pull your grade down to the next lower level.

Code of Ethics: You must abide yourself by the (unwritten?) Code of Ethics for Students. For individual assignments/examinations, it is unethical to seek any direct help from others, whether or not you finally make use of the help. Discussions among individual students (except in the examination hall or class-room) are, of course, always encouraged. But, the final report or solution should be totally in the individual’s own style and language; any form of copying from one another or from any outside source is forbidden. Your basic purpose should be to learn, without resorting to any unfair means for getting a higher score or QPI. If you resort to any unfair means, you would receive an F in the whole course, not merely in the component for which you violate the code.

Feedback: Feedback is always useful, even for the most seasoned veteran. In that spirit (but, of course, without claiming to be either seasoned or a veteran), I would also request you to give me continuous “informal” feedback; toward this, the class may like to form a “focus group” (consisting of 6-7 students from the class with diverse backgrounds) that continuously interacts with all the students and informs me about their problems, if any, with the course.

SCHEDULE
Topic
Chapter
Sessions
Capital Budgeting and Risk
9
1
Case - 1
1
Sensitivity Analysis/Decision Tree
10
1
Strategy and Capital Investment
11
1
Project Performance Evaluation
12
1
Financial Forecasting & Planning
31
1
Case – 2
1
Cash Budgeting
31
1
Case -3
1
Working Capital Management
30
1
Created By: Debasis Mohanty on 08/20/2011 at 08:44 AM
Category: PGDM-II Doctype: Document

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