Contents

  1. Introduction

  2. Modules

    1. Module 1: Dividends and Dividend Policy

      1. 1.1 | Taxation of Dividends and Capital Gains
      2. 1.2 | Types of Dividends
      3. 1.3 | Stock Repurchases
      4. 1.4 | Is Dividend Policy Relevant?
      5. 1.5 | Dividend Theories
      6. 1.6 | Dividend Policy in Practice
      7. 1.7 | Dividend Policies at Canadian Companies
      8. 1.8 | Exercises

    2. Module 2: Maturity Matching

      1. 2.1 | Matching the Maturities of Assets and Liabilities
      2. 2.2 | Temporary Financing
      3. 2.3 | Permanent Financing
      4. 2.4 | Maturity Matching at Canadian Companies
      5. 2.5 | Exercises

    3. Module 3: Financial Planning and Growth

      1. 3.1 | Rationale for Financial Planning
      2. 3.2 | Short-term Financial Planning
      3. 3.3 | Long-term Financial Planning
      4. 3.4 | Sustainable Growth
      5. 3.5 | Sustainable Growth at Canadian Companies
      6. 3.5 | Exercises

    4. Module 4: Working Capital Management

      1. 4.1   | Managing Cash
      2. 4.2 | Managing Accounts Receivable
      3. 4.3 | Managing Inventory
      4. 4.4 | Sources of Temporary Financing
      5. 4.5 | Working Capital Management at Canadian Companies
      6. 4.6 | Exercises

    5. Module 5: Permanent Debt and Equity Financing

      1. 5.1 Commercial Lending
      2. 5.2 | Leasing
      3. 5.3 | Corporate Bond Financing
      4. 5.4 | Equity Financing
      5. 5.5 | Government Financing
      6. 5.6 | Permanent Debt and Equity Financing at Canadian Companies
      7. 5.7 | Exercises

    6. Module 6: Capital Budgeting

      1. 6.1 Capital Budgeting Process
      2. 6.2 Applying NPV Analysis
      3. 6.3 Incorporating Inflation
      4. 6.4 Capital Rationing
      5. 6.5 Comparing Projects of Varying Lives
      6. 6.6 Changes in NWC
      7. 6.7 Taxation Effects of Terminal Cash Flows
      8. 6.8 Managing Risk
      9. 6.9 Complex Capital Budgeting with Spreadsheets
      10. 6.10 Capital Budgeting at Canadian Companies
      11. 6.11 | Exercises

    7. Module 7: Business Valuation

      1. 7.1 | Business Valuation Basics
      2. 7.2 | Income Approach – Dividend Discount Model
      4. 7.3 | Income Approach – Free Cash Flows
      5. 7.4 | Market Multiples Approach – P/E, P/BV, and P/S
      6. 7.5 | Market Multiples Approach – P/CF and EV/EBITDA
      7. 7.6 | Asset-Based Approach
      8. 7.7 | Residual Income Approach
      9. 7.8 | Control Premium, Marketability Discount, and Private Firms
      10. 7.9 | Professional Designations
      11. 7.10 | Exercises

    8. Module 8: Merging and Acquisitions and Corporate Restructuring

      1. 8.1 | Rationale for M&A
      2. 8.2 | Types of M&A
      3. 8.3 | Take-over Bids
      4. 8.4 | Take-over Defenses
      5. 8.5 | Calculating a Take-over Bid
      6. 8.6 | Evaluating the Division of Synergies
      7. 8.7 | Success of M&A
      8. 8.8 | Other Forms of Corporate Restructuring
      9. 8.9 | Corporate Restructuring at Canadian Companies
      10. 8.10 | Exercises

    9. Module 9: Bankruptcy, Liquidation, Reorganization

      1. 9.1 | Financial Distress
      2. 9.2 | Bankruptcy Basics
      3. 9.3 | Liquidation
      4. 9.4 | Reorganization
      5. 9.5 | Professional Designations
      6. 9.6 | Bankruptcy at Canadian Companies
      7. 9.7 | Exercises
  3. Appendix - Answer Keys

    1. Module 1 Answer Key

      1. 1.8 Exercises

    2. Module 2 Answer Key

      1. 2.5 Exercises

    3. Module 3 Answer Key

      1. 3.5 Exercises

    4. Module 4 Answer Key

      1. 4.6 Exercises

    5. Module 5 Answer Key

      1. 5.7 Exercises

    6. Module 6 Answer Key

      1. 6.11 Exercises

    7. Module 7 Answer Key

      1. 7.10 Exercises

    8. Module 8 Answer Key

      1. 8.10 Exercises

    9. Module 9 Answer Key

      1. 9.7 Exercises