Module 1: The Fundamentals of Finance

The first stage of the program will cover the basic knowledge and tools needed by financial professionals : economics, quantitative methods, accounting, financial statements analysis, fundamental principles of corporate finance and investments decisions.


Corporate Finance and Investment Decisions

  • The Financing Cycle of the Firm
  • Discounting & Compounding Interest
  • NPV
  • Investment Decisions : Cash Flows Calculations and Criteria (NPV, IRR,..)
  • Investment under Uncertainty: Breakeven Analysis, Sensitivity Analysis, Scenarios, and Decisions Trees
  • Nature and Types of Equity and Debt
  • Cost of Equity : Gordon Shapiro, CAPM
  • Cost of Debt (loans, bonds, leasing)
  • WACC
  • Financing Decisions
  • Impact of Financial Structure on Firm Value, Dividend Policy

Accounting and Financial Statements Analysis

  • Roles and Basic Principles of Financial Accounting
  • Overview of International Accounting Standards
  • Study of the Four Financial Statements
  • Financial Analysis : Main Ratios, Assessment of Performance in Respect of Profitability, Capital Structure, Efficiency, and Liquidity

Economics for Finance

  • Interaction of Supply and Demand
  • Basic Concepts of Macroeconomics
  • Organization of Foreign Exchange Markets
  • Implications of Globalization for Financial Markets
  • Business Cycles Theory, Impact of Credit Cycles
  • Organization and Consequences of European Monetary Union

Quantitative Methods
for Finance

  • Introduction to Descriptive Statistics and to Probabilities
  • Sampling and Estimation
  • Statistical Inference and Hypothesis Testing
  • Correlation Analysis and Linear Regression
  • Multivariate Regression
  • Time Series Analysis