GRADUATE FINANCE CERTIFICATE PROGRAM

Third Trimester - "Investing in the Future"

Economic & Accounting Concepts of Wealth & Income

"Wealth" and "income" mean something different to the economist, the stock market and to the accountant. Stock market valuations are not based on aggregations of the historical cost of assets less liabilities. How the accounting ritual answers the real questions of concern to investors.

Investment Anomalies

In this session we will explore ways that investors can outperform commonly accepted benchmarks such as the S&P 500. We will learn that stock prices do not always conform to a "random walk" and that there are certain types of predictability in stock prices.

Investing in Real Estate

How to compute expected after tax cash flows and returns for income property investments. Also, a description of property financial ratios, multipliers, and rates of return.

Issuing Securities to the Public

Basic procedures for new issues, alternative issue methods, the cash offer, new equity issues and the value of the firm, the cost of issuing securities, rights, dilution and self registration.

Implementing Value Maximization

Review salient features of traditional valuation models (method of comparables, discounted cash flows, and APV), highlighting estimation techniques and recommendations for decision making.

Conclusion

We will spend the evening working a case that is intended to pull together the various threads that have been developed over the course of the program.

Business Scholar Lecture at graduation

A distinguished business leader will provide the concluding speech at graduation.