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Presentation
The International Certificate in Corporate Finance (ICCF) is a fast track to the certification of reference in the area of corporate finance.
Since 2014, more than 6,000 current and aspiring financial professionals have pursued the ICCF certification.
Benefits
The strengths of the certificate
Access premium content while staying in control of your schedule.
Discover videos of courses, quizzes, case studies, masterclasses accessible online on a very user-friendly platform. These courses will require 3 to 5 hours of personal work per week.
Benefit from permanent support
Exchange with teachers and learning coaches continuously via the forum and once a week via webinars. Organisation of physical or virtual meetings to prepare the case studies. Very detailed learning analytics that make you aware of your progress.
Obtain a prestigious certification
Delivered by a prestigious business school recognized by the largest banks and international companies, after validation of your skills acquired through the 3 case studies and a 2-hour final exam that you can take anywhere in the world in a Pearson Vue.
Expand your network
With 7,000 members, the alumni community is a very effective network to accelerate your career.
Professors
Professors associated with the certificate
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
Program
A program for assured progression
- Introduction 18 weeks
- Module 1: Financial Analysis
- Module 2: Company valuation
- Module 3: Investment and financing decisions
- Final Examination
Objectives
ICCF @ IE Business School consists of 3 courses of 6 weeks each and 3 case studies.
- Financial Analysis
- Business Valuation
- Investment and financing decisions
The 3 courses and their case studies require approximately 96 hours of work over a 5-month period.
The course prepares you for the ICCF final exam, which can be taken at any Pearson VUE centre around the world.
Objectives
The objective of financial analysis is to diagnose the past in order to understand the present and try to predict the future. The educational objective of this course is to provide students with a clear, simple and effective methodology that will allow them to successfully complete financial analyses independently.
Faculty:
Professor Virginia Bombin
Prerequisites
Online learning resources and textbook will be available as soon as you join the program.
They will allow you to review the notions of :
- Profit and Loss Statement (P&L)
- Cash flow statement
- Economic assets
Week 1: Margin analysis
Introduction to Financial Analysis :
- Why proceed with a financial analysis ?
- Common mistakes
- Map and structure
- Part One: Margin Analysis
- Concept
- Added value
Week 2: Investment analysis
α. Acquisition of fixed assets
- Depreciation status of fixed assets.
- Investment policy : state of depreciation of fixed
- assets against the Capex.
β. Working capital requirements
- Concept
- Features
- Calculation
Week 3: Analysis of financing
α. Dynamic approach
β. Static approach
Week 4: Profitability analysis
α. Economic profitability
- Concept
- Measurement
β. RB. Return on equity
- Concept
- Measurement
- Limitation
γ. Leverage
- Concept
- Measurement
- Conclusion
Weeks 4 and 5: Case study
A real case:
- 40 numerical questions
- 500-word essay
Objectives
This course presents the methods and approaches to business valuation. You will learn the nuances of these approaches and understand how they are applied in real cases.
Faculty:
Professor Pablo Garcia
Week 1 : Overview of the different methodologies
α. Why make a company valuation?
β. Two methods, two approaches
- Direct approach, intrinsic method
- Direct approach, relative method-
- Indirect approach, intrinsic method
- Indirect approach
- to, relative method
Week 2: Multiples
- Select Multiples
- Apply it to the case study
- Mean, median and regression
- Which years to take into consideration ?
Week 3: Discounting the cash flow
- Apply it to the case study
- Cost of capital
- Common errors
- From the economic valuation of common assets to the valuation of companies
Week 4: Additional considerations
- Heritage methods
- Opco and Propco methods
- Warning
- Conclusion
- Additional considerations
Weeks 4, 5 and 6: Case study
Study of a real case of a listed company, in which you will have to produce a valuation by implementing the main methods and approaches seen during the 4-week course and think about the fundamentals of their value.
Objectives
With a clear vision of a company’s financial health and its valuation, we are now equipped to make financial decisions.
This course presents the main concepts and operational tools in this field, in order to make the right decisions or provide the right advice.
Faculty:
Professor Juan Pedro Gomez
Week 1 : Investment decisions
- Introduction
- Investment decisions
- Toolbox
- Net present value
- Internal rate of return
- Return
- Other considerations
- Concept, interest, defects of these tools.
Week 2 : Conceptual foundations of the investment decision
- Traditional approach
- Modigliani & Miller
- Financial hierarchy theory
- Other approaches
Week 3: How to choose a financial structure
- Traditional approaches
- Main concepts
- Choice factor
- Accounting and financial criteria
Week 4: The implementation of the funding policy
- The structure of the debt
- Clauses
- Debt renegotiation
- Why keep cash?
- The levers of a good debt policy
- Conclusion
Weeks 5 and 6 : Case study
Conditions for obtaining
The conditions for the certificate are as follows :
- Active participation in all three courses;
- Minimum score of 50% in each case study;
- Minimum score of 500/800 in the final exam.
The final grade is calculated as the weighted average of the case study grades (30%) and the final exam grade (70%).
The 2-hour final exam consists of 120 questions. It can be taken at any Pearson VUE center worldwide, in 150 countries.
Certified by IE Business School
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