MODULE 1
Time Value Foundations
The mathematical bedrock of all capital decisions. Present value, future value, annuities, and perpetuities.
- Discounting and compounding
- NPV decision rules
- IRR and its limitations
MODULE 2
DCF Architecture
Building robust discounted cash flow models. Free cash flow projection, terminal value, and sensitivity analysis.
- FCF derivation
- Terminal value methods
- Scenario modeling
MODULE 3
Risk-Return Framework
Systematic treatment of risk in capital decisions. From variance to beta to factor models.
- Risk measurement
- CAPM and beta
- Factor models
MODULE 4
Cost of Capital
The hurdle rate that governs all investment decisions. WACC estimation, component costs, and capital structure effects.
- WACC derivation
- Cost of equity estimation
- Debt cost and tax shields
MODULE 5
Relative Valuation
Market-based valuation using multiples. Selection, adjustment, and application of comparable companies and transactions.
- Multiple selection
- Comparable adjustment
- Trading vs transaction multiples
MODULE 6
Fixed Income Analytics
Bond valuation and interest rate risk. Duration, convexity, and yield curve analysis for portfolio applications.
- Bond pricing
- Duration and convexity
- Yield curve strategies
MODULE 7
Portfolio Optimization
Mean-variance optimization and the efficient frontier. From Markowitz to modern constrained optimization.
- Efficient frontier
- Constraint handling
- Rebalancing
MODULE 8
Decision Governance
Institutionalizing capital allocation processes. Investment committee structure, approval workflows, and escalation protocols.
- Process design
- Committee structure
- Documentation standards