|
所在平台: Udemy |
课程主页: https://www.udemy.com/course/corp-finance-10-cost-of-capitaldebt-equity-financing/
课程评论：没有评论
**课程名称：** 公司金融 #10 - 资本成本：债务与股权融资 **课程概述：** 本课程将从公司金融的角度，深入探讨加权平均资本成本 (WACC)、债务融资和股权融资。课程内容将以丰富的例题形式呈现，包括演示文稿和 Excel 工作表练习。Excel 部分将提供可下载的工作簿，其中包含答案选项卡和逐步指导的预格式化工作表，以配合教学视频。 **核心理念：** 企业通过投资资产以获取回报。资本（或融资）是进行资本投资的必需品。公司可以通过内部运营产生资本，但通常也会寻求外部融资以实现更快的增长和收入生成。 **融资选项：** 公司可以从内部运营获得资本，也可以寻求外部融资，主要包括**债务融资**和**股权融资**。在考虑融资选项时，公司需要了解其融资结构。 **加权平均资本成本 (WACC)：** WACC 是评估融资决策的关键指标，本课程将详细演示其计算方法。 **债务融资：** * **成本计算：** 课程将讲解如何计算债务成本，重点关注公司债券的利息支付。 * **税收影响：** 税收对融资决策有着重要影响，尤其是公司债券利息通常可以税前抵扣。 **优先股融资：** * **特点：** 优先股在许多方面与债务融资相似，其支付具有一定的标准化。 * **区别：** 然而，优先股没有到期日，且其支付通常不能税前抵扣。 **普通股融资：** * **性质：** 普通股是股权融资的一种形式。 * **估值挑战：** 普通股融资成本的估值可能较为复杂，课程将介绍相关的估值方法。 **学习目标：** 通过本课程，学员将能够理解和计算不同融资方式的成本，并掌握 WACC 的应用，从而做出更明智的融资决策。
This course will discusses weighted average cost of capital, debt, and equity financing from a corporate finance perspective.We will include many example problems, both in the format of presentations and Excel worksheet problems. The Excel worksheet presentations will include a downloadable Excel workbook with at least two tabs, one with the answer, the second with a preformatted worksheet that can be completed in a step-by-step process along with the instructional videos.The general idea we want to keep in our mind is that businesses are looking to invest assets in order to receive a return. Capital, or financing, is needed for the capital investments. A company could generate the capital from internal operations, but often looks for other sources of financing to facilitate faster growth and quicker revenue generation.The options to acquire capital include debt financing and equity financing. As a company thinks about their financing options, they should have an understanding of their financing structure. The weighted average cost of capital (WACC) is often used for financing decisions. This course will demonstrate the WACC calculation.Learners will understand how to calculate the cost of debt. One of the primary forms of debt financing are corporate bonds, the cost including interest payments on the bonds. Taxes have a big impact on financing decisions. Bond interest is generally tax deductible.We will also consider preferred stock financing. In many ways preferred stock is similar to debt financing because of the payments that are somewhat standardized. However, preferred stock does not have a maturity date and the payments are not generally tax deductible.The course will demonstrate common stock financing, a form of equity financing. It can be more difficult to value the cost of common stock financing and we will consider methods in doing so.
