Corporate Financing and M&A CPE course first examines factors to consider when making the fundamental financing decision between equity financing and debt financing and further investigates the main sources of equity and debt finance, as well as the criteria for managing the risk involved. The course also focuses on capital structure, the impact to a business as a result of a change in capital structure, traditional and modern views of gearing, debt structuring, and examines the effects of dividend policy on shareholders.
In addition, Corporate Financing and M&A addresses why entities merge with or acquire other entities, the tax implications of mergers and acquisitions, the role and scope of competition authorities, and reasons for and against divestment including common examples. It further addresses the process and implications of a management buyout, including potential conflicts of interest.
Next, the course scrutinizes business valuation and methods used to calculate such values. Finally, the course focuses on the nature of mergers and acquisitions, and the various stages of negotiating, planning, and dealing with hostile and in-house bids.
- Methods of raising equity finance
- Methods of raising long-term debt finance
- The impact of changes in capital structure for an incorporated entity on shareholders and other stakeholders
- Alternatives to cash dividends and their impact on shareholder wealth and entity performance measures
- Appropriate dividend policies, including consideration of shareholder expectations and the cash needs of the entity
- The financial and strategic implications of proposals for an acquisition, merger or divestment, including taxation implications
- How to calculate the value of a whole entity (quoted or unquoted), a subsidiary entity or division using a range of methods including taxation
- The validity of the valuation methods used and the results obtained in the context of a given scenario
- Alternative pricing structures and bid process including taxation implications
- Post-transaction issues
Language : English
CPA Credit Hour : 8 hours
Member Fee: $ 1562 | Non Member Fee: $ 1954 | CGMA Holder Fee: $ 1248
More info: https://bit.ly/2ImmgiN
* All prices are subject to change without prior notice due to currency fluctuation