About this Course
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Flexible deadlines

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Intermediate Level

Approx. 25 hours to complete

Suggested: 6 hours/week...

English

Subtitles: English
Learners taking this Course are
  • Chief Financial Officers (CFOs)
  • Financial Analysts
  • Economists
  • Business Analysts
  • Accountants

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Intermediate Level

Approx. 25 hours to complete

Suggested: 6 hours/week...

English

Subtitles: English

Syllabus - What you will learn from this course

Week
1
5 hours to complete

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

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
4 hours to complete

Strategy and M&As. Theories of M&As

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
4 hours to complete

Valuation of M&As

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
3 hours to complete

M&A Financing. LBOs and MBOs

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
4.4
7 ReviewsChevron Right

Top reviews from Mergers and Acquisitions – The Relentless Pursuit of Synergy

By HCOct 30th 2018

Very interesting course....there are, very well explained, both the base and advanced concepts of valuing companies....I'll strongly recommend this course....

Instructor

Avatar

Konstantin Kontor

Director and Professor of Finance and Strategy
American Institute of Business and Economics (AIBEc)

About Moscow Institute of Physics and Technology

Московский физико-технический институт (Физтех) является одним из ведущих вузов страны и входит в основные рейтинги лучших университетов мира. Институт обладает не только богатой историей – основателями и профессорами института были Нобелевские лауреаты Пётр Капица, Лев Ландау и Николай Семенов – но и большой научно-исследовательской базой. Основой образования в МФТИ является уникальная «система Физтеха», сформулированная Петром Капицей: кропотливый отбор одаренных и склонных к творческой работе абитуриентов; участие в обучении ведущих научных работников; индивидуальный подход к отдельным студентам с целью развития их творческих задатков; воспитание с первых шагов в атмосфере технических исследований и конструктивного творчества с использованием потенциала лучших лабораторий страны. Среди выпускников МФТИ — нобелевские лауреаты Андрей Гейм и Константин Новоселов, основатель компании ABBYY Давид Ян, один из авторов архитектурных принципов построения вычислительных комплексов Борис Бабаян и др....

About American Institute of Business and Economics

The American Institute of Business and Economics (AIBEc) offers a wide variety of business courses in finance, accounting, marketing, strategy, HR, business law, economics, general management, business psychology, as well as course projects and the Field study. AIBEc provides for flexibility and customization of programs and schedules....

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

Frequently Asked Questions

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

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