E M 596 Corporate Finance for Technical Managers
Course Description and Objectives
Corporate Finance for Technical Mangers focuses on “big picture” financial management at the corporate level. A solid understanding of finance, beyond the department/project level, enables engineering and technology managers to participate in strategic resource allocation and high-level corporate decision making. To create value and achieve organizational goals, leadership must link finance and strategy across the entire enterprise. This course covers essential corporate finance topics, including raising funds through stock and bond offerings, investing in new ventures, and mergers & acquisitions. Additionally, the course will address cash flow and working capital management, dividend policy, and effectively managing risk and international financial exposure. The objective of this course is for students to acquire the essential corporate finance knowledge that is necessary to participate in high-level corporate decision making. Ultimately, the goal of this course is to equip technical managers with the ability to communicate and collaborate with the C-suite (CFO, COO, CEO) regarding “big picture” strategic financial planning and decision-making that creates value.
Course Topics
- Financial Statement Analysis and Financial Ratio Analysis
- Financial/Capital Markets
- Stock and Bond Valuation
- Capital Structure and Cost of Capital
- Valuation Modeling of Investments and Companies
- Discounted Cash Flow (DCF) analysis / Return on Investment (ROI)
- Net Present Value (NPV)/Internal Rate of Return (IRR)/Profitability Index (PI)/Payback Period
- Capital Investment Decisions
- Strategic Resource Allocation
- Strategic Financial Planning and Capital Budgeting
- Cash Flow and Working Capital Management
- Dividend Policy
- Risk and Return
- Mergers & Acquisitions (M&A)
- International Managerial Finance
Grading
Participation: 10%, Homework: 30%, Team Project: 20%, Mid-term Exam: 20%, Final Exam: 20%