This document outlines the topics that will be covered in an Advanced Financial Management course. The course will include 14 lectures from the professor and 12 meetings with assistants. There will be a midterm exam covering discounted cash flow valuation, capital investment decisions, capital budgeting, and cost of capital. The final exam will cover dividends and policy, raising capital, leasing, international finance, and mergers and acquisitions. Key concepts that will be discussed include the three areas of financial management, net present value calculations, weighted average cost of capital, free cash flows, and the time value of money.

1. Pertemuan 1
12 September 2012

2. Manajemen Keuangan Lanjutan
• 14 Kali Pertemuan Dosen
• 12 Kali Pertemuan Asisten
• Lab (Tentative)
• Take Home Quiz Pre dan Pasca UTS
• Absen dan Tugas

3. Silabus
• UTS:
– Discounted Cash Flow Valuation
– Capital Investment Decisions
– Capital Budgeting
– Cost of Capital
– Financial Leverage and Capital Structure

4. Silabus
• UAS:
– Dividends and Dividend Policy
– Raising Capital
– Leasing
– International Corporate Finance
– Corporate Restructuring
– Mergers and Acquisitions

6. Discounted Cash Flow

7. Manajemen Keuangan
• 3 Keputusan Manajemen Keuangan:
– Capital Budgeting
– Capital Structure
– Working Capital Management
• Tujuan dari Manajemen Keuangan?
– Meningkatkan Shareholder Wealth
• Value per share of Existing Stock
• Agency Problem
– Solusi?

8. Manajemen Keuangan
• Net Working Capital
– Current Assets – Current Liabilities
• Cash Flow From Assets (Free Cash Flow)
– Operating Cash Flow
• Earning Before Interest and Taxed (EBIT) + Depreciation
- Tax
– Capital Spending (net)
• Money Spent for Buying Fixed Assets – Money Received
from Selling Fixed Assets
– Change in Net Working Capital

9. Manajemen Keuangan
• Net Present Value
– 𝑁𝑃𝑉 = −(𝐼𝑛𝑖𝑡𝑖𝑎𝑙 𝑂𝑢𝑡𝑙𝑎𝑦) +
𝐶𝐹𝑡
1+𝑟 𝑡
𝑛
𝑡=1
– 𝑟𝑤𝑎𝑐𝑐 =
𝐷
𝐷+𝐸
𝑟𝑑 1 − 𝑇 +
𝐸
𝐷+𝐸
𝑟𝑒
– 𝑟𝑒 = 𝑟𝑓 + 𝛽(𝑟 𝑚 − 𝑟𝑓)

10. Time Value of Money
• Future Value Factor
 (1 + 𝑟) 𝑡
• Present Value Factor

1
(1+𝑟) 𝑡
• 𝐹𝑉 = 𝐹𝑉 𝐹𝑎𝑐𝑡𝑜𝑟 𝑋 𝑃𝑟𝑒𝑠𝑒𝑛𝑡 𝑉𝑎𝑙𝑢𝑒
• 𝑃𝑉 = 𝑃𝑉 𝐹𝑎𝑐𝑡𝑜𝑟 𝑋 𝐹𝑢𝑡𝑢𝑟𝑒 𝑉𝑎𝑙𝑢𝑒
• Perpetuity
For annuity 
1−
1
(1+𝑟) 𝑛
𝑟
𝐴𝑛𝑛𝑢𝑖𝑡𝑦
For annuity 
(1+𝑟) 𝑛−1
𝑟
𝐴𝑛𝑛𝑢𝑖𝑡𝑦
𝐴
𝑟

11. Time Value of Money
• Effective Annual Rate
– Bunga efektif 1 tahun
• Annual Percentage Rate
– Bunga yang dicompound beberapa kali daam satu
tahun
𝐸𝐴𝑅 = [ 1 +
𝐴𝑃𝑅
𝑚
] 𝑚 −1 Atau 1 + 𝑟 𝑛 = 1 + 𝑟 𝑚