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ICCF@IE Business School

Master the most essential skills in corporate finance with the International Certificate in Corporate Finance - Certificate co-issued by IE Business School and First Finance Institute

Duration : 18 weeks

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Presentation

Executive Online Certificate – ICCF@IE Business School

The International Certificate in Corporate Finance (ICCF) is rapidly becoming the benchmark certification in the field of corporate finance.

Since 2014, more than 5500 current and aspiring financial professionals have pursued the ICCF certification.

ICCF provides a baseline set of knowledge for students, employees and employers in the three key areas of Corporate Finance:

Financial Analysis
Valuation
Financial Decisions

A series of three 6-week online courses brings the best research-based executive education to business leaders around the world. The program was built by thought leaders of theory and practice and has become the first truly global certification in corporate finance.

Each course includes 4 weeks of theoretical learning and a 2 weeks major case study.

The ICCF@IE Business School certification is awarded upon passing the 2-hour final exam. The exam may be taken in any Pearson VUE center around the world, in 150 countries.

Objectives

The goal of Financial Analysis is to diagnose the past in order to understand the present and try to predict the future. This course provides students with a clear, simple and effective methodology, enabling them to successfully complete financial analyses independently.
The Corporate Valuation course presents the main methods and approaches. You will learn the nuances of these methods and approaches, and master an understanding for how they are applied to real-world situations.
With a clear vision of a company’s financial health and of its valuation, you are now equipped to make Financial Decisions. This course presents the main concepts and operational tools in this domain, in order to make sound decisions or to give the proper advice: should this investment be made? How should it be funded?

Highlights

Access premium content while staying in control of your schedule

Learn in an engaging and enjoyable virtual environment.

100% online program with state of the art virtual campus (videos, quizzes, real-life case studies, live sessions)
Work-life compatible. Get certified in only 5 months, 3 – 5 hours a week

Benefit from permanent support

Exchange with teachers and learning coaches on our forum and during live sessions. Participate in virtual meetings to prepare case studies.

Get a prestigious certification

Delivered by one of the most prestigious business schools in the world and recognized by the largest banks and international companies, after validation of your skills acquired through case studies and the final exam that you can take anywhere in the world in a Pearson Vue Center.

Expand your network

With 6,000 members, the First Education alumni community is a highly effective network enabling you to advance your career.

Professors

Profesores

Juan Pedro GOMEZ

ICCF@IE Business Shool

PhD in Economics, Universidad Carlos III, Madrid, Spain; BA in Economics, Universidad Complutense, Madrid, Spain;
BA in Actuarial Sciences, Universidad Complutense, Madrid, Spain

Virginia BOMBÍN

ICCF@IE Business School

Professor of Finance at both the IE Business School and the Financial Times IE Corporate Learning Alliance. She also enjoys participating in business projects leading to financial planning and assessing the financial well-being of companies.

Pablo GARCIA ESTEVEZ

ICCF@IE Business School

Doctor in Business Administration (UCM) and Master in Financial Entity Management (IEB).
Certified Capital Market Specialist (IEB) and Private Banking and Financial Markets Specialist (IEB)

Program

3 online courses
6 weeks each

Prerequisites
Introducción
Financial Analysis 6 weeks
Corporate Valuation 6 weeks
Investment and Funding Decisions 6 weeks
Examen ICCF@IE Business School

Prerequisites

The e-learning assets and the textbook are available as soon as you register in the program.

They will allow you to learn or revise the following concepts:

P&L account
Cash-flow statement
Economic asset

Objectives

ICCF@IE Business School comprises three 6-week Online Courses and three case studies:

Financial Analysis
Corporate Valuation
Investment & Funding Decisions

The three courses and their case studies require approximately 96 hours of work, over the course of five months.

The coursework prepares you for the ICCF final exam which can be taken at any Pearson VUE center around the world.

Pedagogy

ICCF@IE Business School is designed so as to allow executives to improve their skills without interrupting their career.

1.New resources and assets are proposed every week.

Work at your own pace, see the videos as many time as you like.

Do the quizzes and ask (and answer!) questions in the forum, exchange with peers, teaching assistants and the faculty.

Meet the faculty once a week, in the virtual classroom.

2. Put what you’ve learned in practice with Case Studies, at the end of each of the 3 courses. We do encourage work groups and exchanges between students.

3. At the end of the three courses, prepare for the Final Exam. 120 questions that you have to answer in 120 minutes, at a Pearson VUE center of your choice.

Admission

The program is open to all! There is no selection or conditions to fulfill. However, like any IE Business School program, it is demanding and will require you to invest some time and effort.

Objectives

The goal of Financial Analysis is to diagnose the past in order to understand the present and try to predict the future. The learning objective of this course is to provide students with a clear, simple and effective methodology, enabling them to successfully complete financial analyses independently.

Professor Virginia Bombin

Week 1: Margins analysis

Introduction to financial analysis:

Why perform financial analysis?
Common mistakes
Roadmap and structure
First part: Margins analysis
Concept
Added value

Week 2: Investment analysis

α. Acquisition of fixed assets

State of depreciation of fixed assets
Investment policy: state of depreciation of fixed assets vs. Capex

β. Working capital requirements

Concept
Characteristics
Calculations

Week 3: Analysis of financing

α. Dynamic approach

β. Static approach

Week 4: Analysis of profitability

α. Economic profitability

Concept
Measure

β. Return on equity

Concept
Measure
Limits

γ. Leverage

Concept
Measure
Conclusion

Weeks 5 and 6: Case study

You will be asked to solve a real case study:

The first part will require answering a quiz
The second part will require writing a short essay of around 500 or 600 words

Objectives

This course presents the main methods and approaches in corporate valuation. You will learn the nuances of these methods and approaches, and master an understanding for how they are applied to real-world situations.

Faculty:

Professor Pablo Garcia

Week 1: Overview of the different methodologies

α. Why value corporations?

β. Two methods, two approaches

Direct approach, intrinsic method
Direct approach, relative method
Indirect approach, intrinsic method
Indirect approach, relative method

Week 2: Multiples

Selecting multiples

Application to case study
Average, median and regression
Which years to consider?

Week 3: Discounting free cash-flow

Application to case study
Cost of capital
Common mistakes
From economic asset valuation to capital valuation

Week 4: Further thoughts

Métodos patrimoniales
Patrimonial methods
Opco and Propco methods
Caveat
Conclusion
Further thoughts

Weeks 5 and 6: Case study

You will be asked to solve a case of a public company by providing a valuation using the main methods and approaches learned in class during the 4 weeks of lectures, and to think about the fundamentals of the company’s value.

Objectives

With a clear vision of a company’s financial health and of its valuation, we are now equipped to make financial decisions.

This course presents the main concepts and operational tools in this domain, in order to make sound decisions or to give the proper advice: should this investment be made? How should it be funded?

Faculty

Professor Juan Pedro Gomez

Week 1: Investment decision

Introduction
Investment decisions
Toolbox
Net Present Value
Internal Rate of Return
Payback
Others

Week 2: Conceptual grounds to the investment decision

Traditional approach
Modigliani & Miller
Pecking order theory
Other approaches

Week 3: How to choose a financial structure

Traditional approach
Main concepts
Choice factors
Accounting and financial criteria

Week 4: The implementation of the funding policy

Debt structure
Covenants
Debt renegotiation
Why keep cash?
Conclusion

Weeks 5 and 6: Case study

The case study will require answering a quiz.

The 2-hour final exam comprises 120 questions. It can be taken in any Pearson VUE center around the world, in 150 countries.

Conditions to obtain the certificate are as follows:

active participation in all three courses;
minimal grade of 50% on each case study;
minimal grade of 500/800 on the final exam.

The final grade is calculated as the weighted average of case studies grades (30%) and final exam grade (70%)