About this Course

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Intermediate Level
Approx. 20 hours to complete
English
Subtitles: English
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Flexible deadlines
Reset deadlines in accordance to your schedule.
Intermediate Level
Approx. 20 hours to complete
English
Subtitles: English

Offered by

Moscow Institute of Physics and Technology logo

Moscow Institute of Physics and Technology

American Institute of Business and Economics logo

American Institute of Business and Economics

Syllabus - What you will learn from this course

Week
1

Week 1

5 hours to complete

Why M&As? Stakeholders, Framework and Process. Legal and Regulatory Environment. Accounting and Tax Issues an Overview

5 hours to complete
9 videos (Total 93 min), 8 readings, 2 quizzes
9 videos
1.1. Introduction: Why study M&As?5m
1.2. The stakeholders’ paradigm14m
1.3. Buzzwords and challenges. Synergy11m
1.4. Studying M&As – framework and process11m
1.5. Legal and regulatory environment (1) – antitrust motives9m
1.6. Legal and regulatory environment (2) – other issues11m
1.7. M&As – some accounting issues11m
1.8. M&As – some tax considerations13m
8 readings
Konstantin Kontor10m
AIBEc. The American Institute of Business and Economics10m
Grading10m
Handouts – an important comment10m
1.1. The takeover process10m
1.2. The stakeholders’ paradigm10m
1.3. Legal and regulatory environment10m
1.4. Some accounting and tax Issues – an overview10m
2 practice exercises
1 (Practice)30m
1 - Takeover process, stakeholders, and environment1h
Week
2

Week 2

4 hours to complete

Strategy and M&As. Theories of M&As

4 hours to complete
8 videos (Total 93 min), 3 readings, 2 quizzes
8 videos
2.2. Strategic vocabulary – some approaches and frameworks7m
2.3. Challenges to strategic planning8m
2.4. Some well-known classic schools of strategy12m
2.5. Theories of M&As (1)15m
2.6. Theories of M&As (2)11m
2.7. Free-rider problem – solutions (1)12m
2.8. Free-rider problem – solutions (2)12m
3 readings
2.1. Strategy and M&As10m
2.2. Theories of M&As10m
2.3. Small shareholders and tender offers10m
2 practice exercises
2 (Practice)30m
2 - M&A strategy and value creation potential in the uncertain world1h
Week
3

Week 3

4 hours to complete

Valuation of M&As

4 hours to complete
9 videos (Total 94 min), 3 readings, 2 quizzes
9 videos
3.2. Alternative approaches to valuation16m
3.3. Free cash flow (FCF) valuation10m
3.4. The general formula8m
3.5. Some methodology, or how to extract value drivers11m
3.6. Cost of capital10m
3.7. Value creation in M&As8m
3.8. Calculating gains (losses)6m
3.9. Valuation in the “new economy” – some comments8m
3 readings
3.1. M&A valuation (1) – value drivers, approaches, and formulas10m
3.2. M&A valuation (2) – cost of capital10m
3.3. M&A valuation (3) – value creation example10m
2 practice exercises
3 (Practice)30m
3 - Getting used to value drivers and formulas1h
Week
4

Week 4

3 hours to complete

M&A Financing. LBOs and MBOs

3 hours to complete
7 videos (Total 87 min), 2 readings, 2 quizzes
7 videos
4.2. Junk bonds (1) – facts12m
4.3. Junk bonds (2) – legends11m
4.4. Joint venture as a form of a merger7m
4.5. LBOs and MBOs (1) – a way of financing11m
4.6. LBOs and MBOs (2) – an example22m
4.7. An example of an LBO – the RJR Nabisco case (1988)10m
2 readings
4.1. Junk bonds and M&A financing10m
4.2. LBOs and MBOs10m
2 practice exercises
4 (Practice)30m
4 - Junk bonds and LBOs – how investors profit from them1h

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About the Understanding Modern Finance Specialization

This Specialization is designed for a wide audience of those interested in finance either professionally or just of curiosity, including managers of different levels specializing in finance, accounting, business planning, strategy, consulting, and project management, IT specialists engaged in the area of finance, fin-tech, big data, and valuation, etc. Through four courses and the final Project, you will cover the theory and practice of capital markets and financial institutions, corporate finance and project valuation, financial and managerial accounting as applied to finance, as well as the M&A market as the ultimate judge of financial efficiency and value creation. The Specialization will prepare you to understand and use the applications of financial ideas, concepts, models, strategies, and tools to build a successful career in finance and in business, as well as to take advantage of opportunities offered by financial markets....
Understanding Modern Finance

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