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Diploma Program in Corporate Finance: Advanced Module

Course Name Diploma Program in Corporate Finance: Advanced Module
Schedule April 28, 2018 - September 8, 2018

Price: Php 94,000
Outline

I. COMPANY VALUATION: PRINCIPLES, METHODS, AND APPLICATIONS
August 1, 8, & 15
 
A.  Accounting-linked valuation methods
B.  Discounted cash flow valuation
C.  “Cash flow” concept and estimation; adjustment of accounting numbers
D.  Construction of appropriate discount rates
E.  Review of cost of capital and weighted average cost of capital (WACC) estimation
F.  The use of “adjusted present value” method as an alternative valuation approach

II. INVESTMENT BANKING
August 22, 29, & September 5

A.  Investment banking and the money and capital markets: A brief introduction
B.  Rationale and applicable frameworks for going public
C.  Applicable laws and regulations
D.  Identification and selection of suitable candidates
E.  Preparation of registration statements, prospectuses and other relevant documents
F.   Determination of offering strategy, valuing, pricing, and timing of the issue
G.  Coordination with underwriting and selling agents and other consultants
H.  Listing in the Philippine Stock Exchange
I.   After issuance/listing responsibilities
J.   Role of venture capital and asset securitization in funds raising

III. CORPORATE FINANCIAL RISK MANAGEMENT
September 19, 26, & October 3

A.  Financial risk management: An overview and introduction
B.  Taxonomy of risks
C.  Basic contracts and their markets
D.  Hedging instruments: Types, descriptions, pricing, trading
E.  Structuring the hedge: Issues, factors, mechanics
F.   Implementing the hedge: The decision, dealing and credit
G.  Legal and regulatory compliance issues
H.  Selected business studies and applications

IV. MERGERS AND ACQUISITIONS
October 10, 17, & 24

A.  Mergers and acquisitions and corporate strategy
B.  History of mergers and acquisitions and motivations
C.  The mergers and acquisition process and associated documents
D.  Introduction to valuation
E.  Specific issues relating to valuation approaches     
   
V.  PROJECT FINANCING
November 7, 14, & 21

A.  Project financing: Definitions, rationale, intricacies, benefits and challenges
B.  Project financing vs. direct financing
C.  Analysis and evaluation of project viability and bankability
D.  Preparation of cash flow projections and their use to measure expected rates of return
E.  Determining a project's borrowing capacity
F.   Risk assessment and mitigation
G.  Credit requirements of lenders
H.  Legal structure and security arrangements
I.   Financial plan preparation
J.  Design and development of suitable financing arrangement

VI. FINANCIAL RESTRUCTURING AND BANKRUPTCY
November 27 - 28

A.  Understanding corporate financial distress and its consequences
B.  Common causes of business failure: Internal and external
C.  Early financial distress detection
D.  Reorganization vs. liquidation
E.  Development and implementation of a financial rehabilitation plan
F.   Working with and seeking concessions from creditors
G.  Liquidation in bankruptcy: Advantages and disadvantages, mechanics
H.  Vulture investing
I.   Legal and accounting aspects

Resource Speakers
Prof. Gavin Cheng Lee

is Assistant Professor at Virata School of Business of the University of the Philippines - Diliman. He is the Regional Sectoral Representative – Education of the Philippine Institute of Certified Public Accountants (PICPA) Eastern Metro Manila Chapter (EMMC) and a member of the Board of Advisers of the Chartered Financial Analyst (CFA) Society Philippines. He is also the Director of www.dearest.ph.

Prior to this, he was the Business Finance Officer and Assistant Manager of the Global Markets Business Finance at the Standard Chartered Bank Philippines; Corporate Accountant of the Manila Shared Services Center at Chevron Holdings, Inc.; and Associate Auditor at KPMG Laya Mananghaya & Co. He is a member various associations, such as: Chartered Financial Analyst Society of the Philippines, Financial Executives Institute of the Philippines, Institute of Internal Auditors – Philippines, Philippine Institute of Certified Public Accountants, and UP CBA & Financial Executives Institute of the Philippines.

Mr. Lee earned his Bachelors degree in Business Administration & Accountancy and Masters degree in Finance from the University of the Philippines. He is a Chartered Financial Analyst, Certified Internal Auditor, and Certified Public Accountant.

Ms. Imelda Tiongson

is presently the Managing Director of an ING formed investment company, Opal Portfolio Investments (SPV-AMC) Inc.

Mr. John Philip Te

is a Vice President of a global commercial bank, handling derivatives structuring and solution. He is also the Executive Director of the Risk Core Solutions Group.

Mr. Reginaldo Cariaso

joined BPI Capital in 2013 and is currently the Co-Head of Investment Banking and Chief Operating Officer. He is also the Chairman of BPI Securities, the brokerage arm of the Bank of the Philippine Islands. Mr. Cariaso serves  on the boards of several corporations and is a member of the House Association of the Philippines (IHAP) and a member of the Capital Markets Development Committee of the Bankers Association of the Philippines (BAP).