Online MBA Degree

Sauder School of Business > University of British Columbia

BAFI 503 Capital Budgeting

Prerequisites

BAFI 502, BAFI 511

The objective of the course is for you to learn the basic financial tools needed to make good business decisions. This course is intended to broaden and deepen your understanding of issues related to valuing long-term investment projects. After reviewing some of the basic concepts from BAFI 500, we will introduce Weighted Average Cost of Capital (WACC) and Adjusted Net Present Value (APV) as alternative methods for evaluating long-term investments. Differences between WACC and APV as well as the strengths and weaknesses of each method will be discussed. In the second part of the course, we introduce the real options and comparable approaches to valuing investment projects. Understanding the value of real options is crucial for understanding firms’ strategic investment decisions. Finally, we apply and extend all these basic tools to value a company. Business cases and real world applications are used extensively throughout the course. This course will be useful to students considering careers in corporate finance, investment banking, commercial banking and consulting.

Sauder School of Business > University of British Columbia

BAFI 502 Capital Structure

Prerequisite
BAFI 500 BAFI 511

This course focuses on the considerations that enter the capital structure and payout policy choices of a firm. A review of the basic principles of capital structure and payout policy is provided followed by a detailed discussion of specific considerations. The topics covered include the impact of taxes on the use of debt and on payout decisions (dividends versus share repurchases), the use of hybrid securities to address information asymmetry between managers and shareholders, the impact of capital structure on managerial incentives, the role of capital structure on industry competition, financial distress and restructuring. The course concludes with an overview of corporate governance mechanisms focusing on the role of boards and executive compensation. Business cases and real world applications are used extensively throughout the course. This course will be useful to students considering careers in corporate finance, investment banking, commercial banking and consulting.

Sauder School of Business > University of British Columbia

BAFI 502 Capital Structure

Prerequisite
BAFI 500 BAFI 511

This course focuses on the considerations that enter the capital structure and payout policy choices of a firm. A review of the basic principles of capital structure and payout policy is provided followed by a detailed discussion of specific considerations. The topics covered include the impact of taxes on the use of debt and on payout decisions (dividends versus share repurchases), the use of hybrid securities to address information asymmetry between managers and shareholders, the impact of capital structure on managerial incentives, the role of capital structure on industry competition, financial distress and restructuring. The course concludes with an overview of corporate governance mechanisms focusing on the role of boards and executive compensation. Business cases and real world applications are used extensively throughout the course. This course will be useful to students considering careers in corporate finance, investment banking, commercial banking and consulting.

Sauder School of Business > University of British Columbia

BAFI 510 Security Analysis

Prerequisites
BAFI 500, BAFI 511

This course is an advanced topics course in Corporate Finance. The course covers two major subject areas. The first area focuses on advanced project and firm valuation. It is an extension of topics addressed in your previous finance courses such as BAFI 503. The second area deals with initial public offerings, with a focus on valuation and various players involved in the IPO process. Business cases and real world applications are used extensively throughout the course. This course will be useful to students considering careers in corporate finance, investment banking, commercial banking and consulting.