Certificate in Treasury - Corporate finance

The learner will have focused on corporate finance from a treasury perspective. It starts by examining capital markets and a range of funding sources and techniques. The characteristics and considerations of these various funding options were all explored. It included comparisons between debt and equity funding.

The unit also explored important considerations that will impact funding decisions including ESG drivers (environmental, social and governance). Recent trends and developments, as well as alternative funding sources, were all explored.

The unit examined considerations relating to different capital structures, building on the earlier comparisons between debt and equity finance. In particular, different theories, models and approaches to calculating the cost of capital are explored.

Finally, the unit examined investment appraisal. It considered the principles of, and techniques used in, investment appraisal. Different business valuation techniques are discussed, including both discounted cash flow (DCF) and non-DCF methods.