ICCF @ Columbia 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 2,500 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
Corporate Valuation
Investment & Funding Decisions

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Enroll before December 21, 2018 and save $500 on program fees

Language
ENGLISH

Next Session
Feb 11, 2019

Duration
18 wks + exam

Price
$2,900

Early Bird Price
$2,400

ENROLL

Program Benefits

Acquire job-ready corporate finance skills in a 100% online format, fully compatible with your work-life needs. And get certified by the prestigious Columbia Business School to stand out in today’s changing job market.

Program Highlights

iccf at cbs intro video

Introduction Video ICCF @ Columbia Business School by Professor Charles Jones

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

1. Financial Analysis
See detail
2. Corporate Valuation
See detail
3. Investment & Funding Decisions
See detail

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.

What Students Say

“My learning experience on ICCF at Columbia has been transformational as it opened a world of new opportunities. The classes are extremely well built – solid knowledge and structured technical information explained very clearly, practical case studies to help you apply the concepts on the spot, quizzes to track progress and the teachers and staff are acing the subject. Most of my peers have previous experience and their questions help me understand more perspectives in a field that is new to me. I expect this learning process to help me add the financial acumen necessary to make the transition from a commercial professional to a more educated future business leader. “
Oana Sirbu, CBRE, Romania
“When I signed up to the ICCF programme it was with the intention of broadening my outlook. As a non-accountant I expected it to be challenging and I wasn’t disappointed! It was a good kind of challenging; I’m learning a lot and it’s giving me a fresh perspective to work from. I am really impressed by how knowledgeable and supportive the lecture staff are. The online forums are fantastic and being able to get answers to questions within a few hours, any time day or night, helps you up to succeed.”
Danielle Reinecke, 2 Degrees, New Zealand
“The course is helping me re-evaluate how I look at my business. As a result of what we’ve covered so far, I reviewed our performance and realised our depreciation approach over-sold the life of certain assets, which inspired me to identify alternative investments to extend the life of those assets instead of writing them off. The first course paid for itself and I’m looking forward to the rest of the programme.

Although our brains are being stretched more than they’ve been in a long time, we’re both enjoying things and are glad we decided to give the ICCF programme a go!”

Michelle Gerrand, Starbucks, New Zealand
“I never would have thought that an online course could be so interactive, but ICCF @ Columbia Business School has proved me wrong!

The format, faculty and caliber of the other students exceeded my expectations. I was also pleased that we were able to attend a lecture on the Columbia campus and have the opportunity to meet the faculty in-person.”

Youssef Ajineh, CY International Trading, USA
“I never imagined that an online executive program could be as dynamic and motivating as an on the campus class. ICCF-CBS proved me wrong!

The International Certificate in Corporate Finance program is definitely challenging, but in a very positive and motivating way. Thanks to a great case study format that applies the theory of corporate finance to the real problems companies face and thanks to an extremely versatile, vibrant and experienced community of students and thanks to an extremely devoted, responsive and high caliber faculty, you have a fast learning experience and you never get lost.

It is truly a huge honor to work with this group of renowned faculty and professors. You definitely get what you would expect by the high reputation of CBS and ICCF.”

Britta Auer, Commerz Real AG, Germany
“I was very pleased with the course dynamics and content. It easily surpassed my expectations. The program is strong on a curriculum basis, but also easy to follow and delivered in a straightforward style.”
Daniel Noronha, BHG, Brazil
“A more balanced and time-efficient short course on the practical and theoretical aspects of Corporate Finance would be hard to imagine. The high quality and well-structured content enabled quick learning of key concepts whilst the online delivery of all study materials allowed the workload to remain manageable, even with a busy professional life.”
Jaco Liebenberg, Pricipal Specialist, Sasol Corporate Finance, South Africa
“It’s a great pleasure for me to announce that I’ve passed ICCF @ Columbia Business School. I would like to thank all of the FFI teaching assistants and all the professors for their assistance during these courses. I strongly recommend the program to anyone who is willing to enhance their skills in Corporate Finance, particularly: Financial analysis, Corporate Valuation and Investment and funding decisions.”

Course 1: Financial Analysis

Faculty
Professor Shivaram Rajgopal

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.

February 11, 2019 – March 24, 2019

P&L account
Cash-flow statement
Economic asset
Introduction to financial analysis:
Why perform financial analysis?
Common mistakes
Roadmap and structure

First part: Margins analysis
Concept
Added value

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

α. Dynamic approach

β. Static approach

α. Economic profitability
Concept
Measure

β. Return on equity
Concept
Measure
Limits

γ. Leverage
Concept
Measure

Conclusion

A real company’s case…

1. 40 numerical questions

2. 500 word essay

Course 2: Corporate Valuation

Faculty
Professor Daniel Wolfenzon

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

April 1, 2019 – May 12, 2019

It is necessary to understand and master the concepts of discounting and compounding.
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

Selecting multiples
Application to case study
Average, median and regression
Which years to consider?
Application to case study
Cost of capital
Common mistakes
From economic asset valuation to capital valuation
Patrimonial methods
Opco and Propco methods
Caveat
Conclusion
Further thoughts
Etude d’un cas réel d’une société cotée dont vous serez amené à produire une valorisation en mettant en oeuvre les principales méthodes et approches vues pendant les 4 semaines de cours et à réfléchir aux fondements de sa valeur.

Course 3: Investment and Funding Decisions

Faculty
Professor Charles Jones

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?

May 20, 2019 – June 30, 2019

Introduction

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

Traditional approach
Modigliani & Miller
Pecking order theory
Other approaches
Traditional approach
Main concepts
Choice factors
Accounting and financial criteria
Debt structure
Covenants
Debt renegociation
Why keep cash?

Conclusion

Certification By Columbia Business School

International Certificate Corporate Finance at Columbia Business School Certificate

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 60% on the final exam.

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

Questions?

email: sales@ff.institute

call:
New York: +1-212-321-7095
Hong Kong: +852 2970 0110
Paris: +33 1 44 53 82 20

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

Beyond the designation-we are believers that “You will only get as much as you put in” to the program.

We ask that all students have a general familiarity with the three key financial statements: income statement, balance sheet, and cash flow statement.
The program is designed to be challenging but manageable from a workflow perspective. Many of our students are working professionals and we try to make the program as convenient as possible. Overall the amount of time will vary by student but you should expect to spend 3-5 hours per week on the program and another 30 hours preparing for the final exam.
We have partnered with a digital certifying company called CV Trust. Through this partnership you will receive a bar-coded digital certificate which you can post on your CV or LinkedIn Profile. You will also be able to use this digital certificate to immediately validate your program completion with a current or prospective employer.
Yes, all faculty members in the program also teach on the Columbia Business School campus.
ICCF was started in 2014 to fill a market need by providing the first benchmark certification in corporate finance. Since launch it has had over 2,500 participants.