Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This course, tailored for finance and accounting professionals, offers a comprehensive exploration of the cost of capital and its critical applications in corporate finance. Divided into engaging sections, the course equips learners with the skills and knowledge to calculate, interpret, and apply cost of capital concepts to real-world scenarios.
By the end of this course, participants will gain the ability to confidently apply these concepts to optimize financial decision-making and enhance strategic planning in their organizations.
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Key Takeaways
Upon completion of this course, you will learn how to:
- Master the Concept and Calculation of WACC: Understand the importance of WACC in corporate finance decisions and learn to calculate it by combining the costs of equity, debt, and preferred stock, while incorporating tax impacts on the cost of debt.
- Accurately Estimate the Cost of Debt: Calculate the cost of debt using the Yield-to-Maturity and credit rating approaches, adjust for tax savings, and assess how floating-rate debt affects overall cost estimation.
- Determine the Cost of Preferred Stock: Compute the cost of preferred stock using dividend and market price data, and differentiate it from debt in terms of tax treatment and financial risk.
- Estimate the Cost of Equity Using Multiple Models: Apply various methods to estimate the cost of equity, including the Capital Asset Pricing Model (CAPM), Dividend Discount Model (DDM), and Bond Yield Plus Risk Premium approach, while understanding key risk factors like beta and equity risk premium.
- Adapt the Cost of Capital for Project-Specific Risk: Tailor the cost of capital to projects with varying risk levels using the Pure Play method, and make adjustments for differences in capital structure or country-specific risks.
Who Will Benefit
This course will benefit:
- Accountants and Finance Professionals: Individuals responsible for corporate financial analysis, budgeting, and investment appraisal who need a strong grasp of capital cost calculations.
- Corporate Finance Analysts and Managers: Professionals involved in capital budgeting, mergers and acquisitions, or financial planning and analysis (FP&A).
- CFOs and Senior Financial Leaders: Decision-makers evaluating funding strategies and cost structures to optimise shareholder value and capital efficiency.
- Investment Analysts and Equity Researchers: Analysts assessing firm valuation models and requiring a clear understanding of WACC components for forecasting and valuation purposes.
- Audit and Assurance Professionals: Those reviewing financial statements and assessing assumptions related to discount rates and investment evaluations.
- Advisory and Consulting Professionals: Practitioners providing strategic advice on capital structuring, financial modelling, and investment feasibility.
How to Access the Course
New mobile learning! Download Blackboard Learn from your app store (iOS or Android). Learn more.
To access the course on your computer please visit our BlackBoard site, and log-in using the same login and password used for the Registration Portal.
Please allow up to 15 minutes after registration for the course to appear on your BlackBoard page.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
LearnSignal are a fully online accountancy and finance training provider, partnering with institutes around the world to deliver expert CPD training and help accountants of all levels upskill and grow their careers. With headquarters in Dublin, and a wealth of heritage in the education and accountancy training industry, Learnsignal have quickly become one of the largest Online Training Providers in the world.