Category 20
Advanced Corporate Finance & Strategy
The numbers and choices behind serious companies.
- 8 modules
- 40 lessons
- ~6h total
What this category covers
The advanced category — built for companies training managers and colleges teaching serious finance. How big organizations actually decide with money: what capital costs, which projects clear the bar, how to read earnings honestly, where to send every spare dollar, how deals get priced and integrated, and how to keep the whole machine honest with controls and stress tests. Every lesson works from the operator's chair, not the textbook's.
The Cost of Money
Reading the Numbers
Capital Allocation
Deals and Structure
Governance and Risk
Where Every Dollar Goes
- Maintenance Capex versus Growth Capex, and Telling Them Apart
- Divisional Hurdle Rates and the Company-wide Number That Misprices Half the Portfolio
- Capital Rationing and Ranking Projects When the Money Runs Out
- The Working-capital Investment Hiding Inside Every Growth Plan
- The Post-completion Review and Whether a Project Delivered What It Promised
Returning and Redeploying Capital
- Payout Policy and What a Dividend Actually Signals
- Buyback Mechanics and the Price Above Which a Repurchase Destroys Value
- The Reinvestment Test: Whether the Marginal Dollar Earns Its Cost
- Dividend Stickiness and the Flexibility a Payout Promise Costs
- Special Dividends, Self-tenders, and Returning Capital in One Move
Where Enterprise Value Comes From
- The Return-on-capital Spread and Why Growth Below It Destroys Value
- Value Drivers and Decomposing a Valuation Into Things a Manager Can Move
- Growth versus Margin, and Which One the Market Is Paying For
- The Competitive Advantage Period and Why Excess Returns Fade
- Value Creation Attribution: How Much Came From Growth, Margin, and Multiple