ICCF 2017-12-06T09:04:04+00:00

ICCF @ Columbia Business School

The International Certificate in Corporate Finance (ICCF) is rapidly becoming the benchmark certification in the field of corporate finance.

Since 2014, more than 2,000 current and aspiring financial professionals have pursued the ICCF certification.

ICCF provides a baseline set of knowledge for students, employees and employers in the three key areas of Corporate Finance:

Financial Analysis
Corporate Valuation
Investment & Funding Decisions

Language
English

Next Session
Feb. 12, 2018 – Jun. 29, 2018

Tuition Fee
$2,400

ENROLL

Contact us: cbs@ff.institute

Curriculum

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Hear from Professor Charles Jones

ICCF @ Columbia Business School comprises three 6-week Online Courses and three case studies:

1. Financial Analysis
See detail
2. Corporate Valuation
See detail
3. Investment & Funding Decisions
See detail

The three courses and their case studies require approximately 70 hours of work, over the course of five months.

The coursework prepares you for the ICCF final exam which can be taken at any Pearson VUE center around the world.

Course 1: Financial Analysis

Faculty
Professor Shivaram Rajgopal

Objectives
The goal of Financial Analysis is to diagnose the past in order to understand the present and try to predict the future. The learning objective of this course is to provide students with a clear, simple and effective methodology, enabling them to successfully complete financial analyses independently.

February 12, 2018 – March 25, 2018

E-learning assets and textbook are available as soon as you enroll in the program.

They will allow you to start working on the following topics:
P&L account
Cashflow Statement
Working Capital

Introduction to financial analysis:
Why perform financial analysis?
Common mistakes
Roadmap and structure

First part : Margin analysis

Acquisition of fixed assets

State of depreciation of fixed assets
Investment policy: state of depreciation of fixed assets vs. Capex

Working capital requirements
Concept
Characteristics
Calculations

Dynamic approach

Static approach

Economic profitability
Concept
Measure

Return on equity
Concept
Measure
Limits

Leverage
Concept
Measure

Conclusion

A real company’s case…

1. 40 numerical questions

2. 500 word essay

Course 2: Corporate Valuation

Faculty
Professor Dan Wolfenzon

Objectives
This course presents the main methods and approaches in corporate valuation. You will learn the nuances of these methods and approaches, and develop an understanding for how they are applied to real-world situations.

April 2, 2018 – May 13, 2018

It is necessary to understand and master the concepts of discounting and compounding.
Discounting and Compounding.

Capital Budgeting Tools
IRR
NPV
Payback Period
Comparison of Capital Budgeting Tools

Bond Pricing
Stock Pricing, Gordon Shapiro formula
Approaches and Methodologies
Indirect vs Direct Approach
Intrinsic and Relative Methodologies

DCF

Relative Methodlogies
Above and Below the Line Multiples
Which Mutiples to Use

In Class DCF Case Study

Course 3: Investment and Funding Decisions

Faculty
Professor Charles Jones

Objectives
With a clear vision of a company’s financial health and of its valuation, we are now equipped to make financial decisions.

This course presents the main concepts and operational tools in this domain, in order to make sound decisions or to give the proper advice: should this investment be made? How should it be funded?

May 21, 2018 – June 29, 2018

E-learning assets present debt instruments and shares.
Determining the Weighted Average Cost of Capital

Equity and Asset Betas
CAPM formula
WACC of Listed Stocks
WACC of Non Listed Stocks
WACC of Projects

Bonds
Loans

Convertibles

Equity

Trade-off between Debt and Equity
Is there an Optimal Capital Structure?
Modigliani and Miller
Distress Cost
Examples

IPOs

Corporate Governance
Agency Problems
Corporate Governance
Case Study

Mergers and Acquisitions
M&A
LBOs

Conclusion

ICCF @ Columbia Business School Final Exam

The 2-hour final exam comprises 120 questions. It can be taken in any Pearson VUE center around the world, in 150 countries.

Conditions to obtain the certificate are as follows:
active participation in all three courses;
minimal grade of 50% on each case study;
minimal grade of 60% on the final exam.

The final grade is calculated as the weighted average of case studies grades (30%) and final exam grade (70%).

For more information, contact us:

email: cbs@ff.institute

call:
New York: +1-212-321-7095
Hong Kong: +852 9820 6348

Submit a question

About ICCF

Developed in 2013, The International Certificate in Corporate Finance (ICCF) is a trademark of FIRST FINANCE Institute Ltd (FFI).

The program was built by leading industry thought leaders and has become the first truly global certification in corporate finance.

More than 2,000 individuals from 40 different countries have pursued the ICCF certification.

ICCF @ Columbia Business School