Программа финансовых курсов (обучение на английском языке)
Complete Course
1. Portfolio Management (4 days)
Modern Portfolio Theory
- The Risk/Return Framework
- Efficient Market Hypothesis
- Portfolio Theory
- CAPM
- Arbitrage Pricing Theory
Investment Policy
- Investment Objectives
- Individual and Institutional Investors
Asset Allocation
- Asset Allocation Overview
- Type of Asset Allocation : Strategic, Tactical and Dynamic
Practical Portfolio Management
- Managing an Equity Portfolio
- Derivatives in Portfolio Management
- Hedging
- Managing a Property Portfolio
- Real Estate Securities
- Alternatives Assets/Private Capital
- International Investments
- Value at Risk
Performance Measurement
- Performance Measurement and Evaluations
- Gips Reporting
- Time-weighted vs. Money-weighted Rate of Return
- Critical Issues in Performance Attribution
Management of Investment Institutions
- Assessing and Choosing Managers
- Fund of Funds Framework
2. Equity Valuation and Analysis (1 day)
- Equity Markets and Structures
- Understanding the Industry Life Cycle
- Analysing the Industry Sector and its Constituent Companies
- Understanding the Company
- Valuation Model of Common Stock
3. Bond Valuation and Analysis (3 days)
Financial Markets and Instruments
- Fixed Income : Corporate and Government
Bond Analysis
- Time value of Money
- Bond Yield Measures
- Term Structure of Interest Rates
- Bond Price Analysis
- Risk Measurement
- Credit Risk
Bonds with Warrants
- Investment Characteristics
- Value of Warrants
Convertible Bonds
- Investment Characteristics
- Value of Conversion Benefits
Callable Bonds
- Investment Characteristics
- Valuation and Duration
Floating Rate Notes
- Investment Characteristics and Types
- Valuation Method
Mortgage-Backed Securities
- Type of Mortgages
- Type of Securities
- Factors affecting Market Price
- Valuation Methodologies
Fixed Income Portfolio Management Strategies
- Active Management
- Passive Management
- Portfolio Construction based on a Factor Model
- Computing the Hedge Ratio : The Modified Duration Method
4. Derivative Valuation and Analysis (2 days)
Financial Markets and Instruments
- Derivatives Markets
- Futures Markets
- Relative Markets
Analysis of Derivatives and Other Products
- Futures
- Options
- Asset-backed Securities
Structured Products
- Rationale and Markets
- Types of Structured Products
- Construction and Valuation
5. Corporate Finance (2 days)
Fundamentals of Corporate Finance
- Goals of Corporate Finance
- The Finance Function and the Firm’s Objectives
- Role of Financial Managers
- Principles of Valuation
- Discounted Cash Flows
- Capital Budgeting
Long-Term Finance Decision
- Investment Decision
- Project Evaluation
- Liquidation and Reorganisation
Short-Term Finance Decision
- Short-Term Financing
- Cash Management
- Short-Term Lending and Borrowing
6. Financial Accounting and Financial Statement Analysis (2 days)
Financial Reporting Environment
- Business Activities and Principal Financial Statements
- Financial Reporting Issues
Framework for the Preparation and Presentation of Financial Statements
Statement of Cash Flows
- Rationale for the Statement of Cash Flows
- Relation between Income Flows and Cash Flows
Generally Accepted Accounting Principles : Income Recognition
- Accrual Basis
Generally Accepted Accounting Principles : Assets, Liabilities and Equities
- Assets : Recognition, Valuation and Classification
- Liabilities
- Shareholders’ Equities
Business Combination
- Mergers and Acquisitions
- Consolidated Financial Statements
Foreign Currency Transactions
- Foreign Currency Transaction
- Financial Statements of Foreign Operations
Financial Reporting and Financial Statement Analysis
- Income Flow vs. Cash Flow
- Quality of Earning, Earnings Management
- Earnings per Share
- Segment Reporting
- Interim Financial Statements
Analytical Tools for Gaining Financial Statements Insights
- Balance Sheets
- Income Statement
Analytical Tools for Assessing Profitability and Risk
- Profitability Analysis
- Risk Analysis
- Break-even Analysis
- Pro Forma Financial Statements
Economics (1 day)
Macroeconomics
- Measuring National Income and Price
- Equilibrium in the Real Market
- Equilibrium in the Money Market
- Equilibrium in Economy and Aggregate Demand
- Aggregate Supply and Determination of Price of Goods/Services
Macro Dynamics
- Inflation
- Economic Growth
- Business Cycles
International Economy and Foreign Exchange Market
- Open Macroeconomics
- Foreign Exchange Rate
- Central Bank and Monetary Policy
