Business Finance / Corporate Finance / Financial Management Tuition in Singapore for Masters, University and Poly Students

Having problems with understanding IRR, NPV, Capital Budgeting, Financial calculator etc? 
SMS Val @ 9758-7925 or email enquiry@starcresto.com for tuition.

Background
I have been teaching Business and Corporate Finance full time and have grasp what is important for the test and exam. I have successfully spotted questions that will come out over the past years and this has helped my students scored an average of distinction to high distinction.

I have a total of 10 years experience in teaching and tutoring.

I offer both one-to-one and group tuition. For group tuition, the optimal number of students per class is between 4 to 6. Please form your own group because this will facilitate my teaching methodology.


Teaching Methodology:

1. Understanding concepts and application of concept to questions
2. Developing graphing skills
3. Identifying exam trends and skills (Questions spotting)
4. Practicing variety of questions to prepare you for your exam
5. Simplifying difficult concepts
6. Identifying and improving your weakness

Do contact me at 9758-7925 or email enquiry@starcresto.com for tuition.

Student's Profile:

> Tertiary Student --
**Poly / JC (NYP, RP, SP, TP, NP, MDIS, Informatics, SIM, SAS, ACSI)
**University (NTU, NUS, SMU, Uni SIM, UOL, RMIT, SAS, MDIS, University of Southern Australia, James Cook University, University of Newcastle, London School of Economics, Manchester Business School, University of Nottingham, Melbourne Business School)
**Master (Insead, Singapore Management University, Manchester, Uni of Southern Australia, Uni of Buffalo, Uni of Adelaide, NUS, University of State of New York)
> Working Adults -- Managers, Deputy Directors, Divisional Directors, Auditors, Analyst, Credit Advisor, AVP

Tutor's Profile:> Name -- Valerie Chai Hui Yee 
> O Level -- 8 Distinctions for O'Level 
> Diploma -- Singapore Polytechnic: Merit Diploma, Honours Roll, SIM Award, Singapore Polytechnic and School of Business Scholar 
> Degree -- Nanyang Business School, NTU: First Class Honours, Dean List, C.H. Wee Gold Medal, Sumitomo Banking Corporation Scholar 
> Post Graduate -- Certified Financial Analyst: CFA L1 
> Experience -- 10 years of tutoring, Corporate Trainer 
> Status -- Full time tutor 

For more information, you can visit www.tertiarytuition.com or www.tuition.starcresto.com

Sample WACC Finance Questions - Need Finance tuition teacher? SMS 97587925

WACC (Weighted Average Cost of Capital) Question:

A firm is considering a new project which would be similar in terms of risk to its existing projects. The firm needs a discount rate for evaluation purposes. The firm has enough cash on hand to provide the necessary equity financing for the project. Also, the firm:

-       has 1,000,000 common shares outstanding
-       current price $11.25 per share
-       next year’s dividend expected to be $1 per share
-       firm estimates dividends will grow at 5% per year after that
-       flotation costs for new shares would be $0.10 per share

-       has 150,000 preferred shares outstanding
-       current price is $9.50 per share
-       dividend is $0.95 per share
-       if new preferred are issued, they must be sold at 5% less than the current market price (to ensure they sell) and involve direct flotation costs of $0.25 per share

-       has a total of $10,000,000 (par value) in debt outstanding. The debt is in the form of bonds with 10 years left to maturity. They pay annual coupons at a coupon rate of 11.3%. Currently, the bonds sell at 106% of par value. Flotation costs for new bonds would equal 6% of par value.

The firm’s tax rate is 40%. What is the appropriate discount rate for the new project?

 Ans: 10.46%

Did you get the answer? Finding it hard to understand topics such as WACC?

SMS val at 97587925 or email: enquiry@starcresto.com for tuition now!

For more information, visit www.tuition.starcresto.com

Finance tuition in Singapore by starCresto Finance Trained Tutors

Having problems with NPV, IRR, WACC, MM etc? Not sure how to use your financial calculator?
SMS Val @ 97587925 for tuition.

BackgroundThe tutor trainer has been teaching finance modules from diploma to degree to masters level and has grasped what is important for the test, exam and workplace. She has successfully spotted questions that will come out over the past years and this has helped my students scored an average of distinction to high distinction. With a total of 10 years experience in teaching and tutoring finance, she has trained a group of tutors who coach accounting for students and working adults. Only tutors who have review score of more than 4.5 out of 5 are retained to ensure quality of starCresto Tutors. We currently have ex lecturers and many other qualified finance professionals under our wings.

We offer both one-to-one and group tuition. For group tuition, the optimal number of students per class is between 4 to 6. Please form your own group because this will facilitate our teaching methodology.


Teaching Methodology:

1. Understanding concepts and application of concept to questions
2. Developing graphing skills
3. Identifying exam trends and skills (Questions spotting)
4. Practicing variety of questions to prepare you for your exam
5. Simplifying difficult concepts
6. Identifying and improving your weakness

Do contact me at 9758-7925 or email val@starcresto.com or tutor@tertiarytuition.com for tuition.

Student's Profile:

> Tertiary Student -- 
**Poly / JC (NYP, RP, SP, TP, NP, MDIS, Informatics, SIM, SAS, ACSI) etc
**University (NTU, NUS, SMU, Imperial College, London School of Economics, University of Durham, Uni SIM, UOL, RMIT, SAS, MDIS, University of Southern Australia, James Cook University, University of Newcastle, London School of Economics, Manchester Business School, University of Nottingham, Melbourne Business School) etc
**Master (Insead, Singapore Management University, NTU, UCLA, UC Berkeley, Manchester, Uni of Southern Australia, Uni of Buffalo, Uni of Adelaide, NUS, University of State of New York) 
> Working Adults -- Managers, Deputy Directors, Managing Directors, Doctors, Divisional Directors, Auditors, Analyst, Credit Advisor, AVP etc

For more information, you can visit www.tertiarytuition.com or www.tuition.starcresto.com

Business Finance / Corporate Finance / Financial Management tuition in Singapore by Experience First Class Honours Award Winning tutors

Having problems with understanding IRR, NPV, Capital Budgeting, Financial calculator etc? 
SMS Val @ 97587925 for tuition.

Background
The tutor trainer has been teaching Business and Corporate Finance and has grasped what is important for the test, exam and workplace. She has successfully spotted questions that will come out over the past years and this has helped my students scored an average of distinction to high distinction. With a total of 10 years experience in teaching and tutoring finance, she has trained a group of tutors who coach finance for students and working adults. Only tutors who have review score of more than 4.5 out of 5 are retained to ensure quality of starCresto Tutors.  

We offer both one-to-one and group tuition. For group tuition, the optimal number of students per class is between 4 to 6. Please form your own group because this will facilitate our teaching methodology.


Teaching Methodology:

1. Understanding concepts and application of concept to questions
2. Developing graphing skills
3. Identifying exam trends and skills (Questions spotting)
4. Practicing variety of questions to prepare you for your exam
5. Simplifying difficult concepts
6. Identifying and improving your weakness

Do contact me at 9758-7925 or email val@starcresto.com or tutor@tertiarytuition.com for tuition.

Student's Profile:

> Tertiary Student -- 
**Poly / JC (NYP, RP, SP, TP, NP, MDIS, Informatics, SIM, SAS, ACSI) 
**University (NTU, NUS, SMU, Imperial College, London School of Economics, University of Durham, Uni SIM, UOL, RMIT, SAS, MDIS, University of Southern Australia, James Cook University, University of Newcastle, London School of Economics, Manchester Business School, University of Nottingham, Melbourne Business School) 
**Master (Insead, Singapore Management University, NTU, UCLA, UC Berkeley, Manchester, Uni of Southern Australia, Uni of Buffalo, Uni of Adelaide, NUS, University of State of New York) 
> Working Adults -- Managers, Deputy Directors, Managing Directors, Doctors, Divisional Directors, Auditors, Analyst, Credit Advisor, AVP 

For more information, you can visit www.tertiarytuition.com or www.tuition.starcresto.com

UOL Financial Management Tuition in Singapore by 10 Years Experienced Tutor

It is less than 3 months away from your exam! If you are still struggling with your FM in UOL, SMS Val @ 9758-7925 for tuition.

Background
I have been teaching Financial Management and Corporate Finance full time for 10 years and have grasped what is important for the exam. I have successfully spotted questions that will come out over the past years. I started specializing teaching financial management and corporate finance over the past 5 years and am very familiar with the concepts and the style of how the new examiner will ask the questions. I have also participated in marking prelim papers and thus knows the marking scheme well enough to recommend you what to write in order to score. 

Many students had benefitted from my teaching and had referred their friends to me. UOL modules are not easy. If you need help, do SMS me at 97587925 for tuition.

I offer both one-to-one and group tuition. For group tuition, the optimal number of students per class is between 4 to 6. Please form your own group because this will facilitate my teaching methodology.


Teaching Methodology:

1. Understanding concepts and application of concept to questions
2. Developing graphing skills
3. Identifying exam trends and skills (Questions spotting)
4. Practicing variety of questions to prepare you for your exam
5. Simplifying difficult concepts
6. Identifying and improving your weakness

Do contact me at 9758-7925 or email val@starcresto.com or tutor@tertiarytuition.com for tuition.

Student's Profile:

> Tertiary Student --
**Poly / JC (NYP, RP, SP, TP, NP, MDIS, Informatics, SIM, SAS, ACSI)
**University (NTU, NUS, SMU, Imperial College, London School of Economics, University of Durham, Uni SIM, UOL, RMIT, SAS, MDIS, University of Southern Australia, James Cook University, University of Newcastle, London School of Economics, Manchester Business School, University of Nottingham, Melbourne Business School)
**Master (Insead, Singapore Management University, NTU, UCLA, UC Berkeley, Manchester, Uni of Southern Australia, Uni of Buffalo, Uni of Adelaide, NUS, University of State of New York)
> Working Adults -- Managers, Deputy Directors, Managing Directors, Doctors, Divisional Directors, Auditors, Analyst, Credit Advisor, AVP

Tutor's Profile:

> Name -- Valerie Chai Hui Yee
> O Level -- 8 Distinctions for O'Level
> Diploma -- Singapore Polytechnic: Merit Diploma, Honours Roll, SIM Award, Singapore Polytechnic and School of Business Scholar
> Degree -- Nanyang Business School (Top Business School in Asia), NTU: First Class Honours, Dean List, C.H. Wee Gold Medal, Sumitomo Banking Corporation Scholar
> Post Graduate -- Certified Financial Analyst: CFA L1
> Experience -- 10 years tutoring, 3 years Tutor Training (Training up other tutors to teach)
> Status -- Full time 

UOL Modules that are taught by Us:

1. Introduction to Economics

2. Principles of Banking & Finance

3. Corporate Finance

4. Financial Management

5. Principles of Accounts

6. Statistics 1

7. Statistics 2

8. Maths 1

9. Maths 2

10. Elements of Econometrics

To know more about UOL tuition, visit www.uoltuition.com

For more information, you can visit  www.tertiarytuition.com or www.tuition.starcresto.com

Asymmetric information & Agency problem - Problem understanding finance concepts?

Asymmetric information & Agency problem

Problem understanding finance concepts? SMS +65 9758-7925 or email enquiry@starcresto.com for tuition =)

"
Agency theory, a premise often associated with Jensen and Meckling (1976), was first predicated by Alchian and Demsetz (1972) who emphasised that activities of firms were governed by the role of contracts to facilitate voluntary exchange. Agency theory explains how best to organise relationships in which one party (principal) determines the work, which another party (agent) performs. Agency problems are created when the shareholders (principals) hire managers (agents) to make decisions that are in the best interests of the share- holders. These theoretical postulations continue that in general people are self-interested and will therefore have conflicts of interest in any cooperative endeavours (Jensen, 1994).

It naturally follows, then that some decisions of managers are motivated by self-interest, which reduces the welfare of the principal. As both parties can experience losses due to problems of conflict of interest, there is a strong motivation to minimise these agency costs of cooperation. Through monitoring and bonding, the costs of writing and enforcing contracts are minimised. Therefore, agency theory provides a theoretical foundation to understand human organisational arrangements including incentive compensation, auditing and many bonding arrangements.

Where incomplete information and uncertainty exist, agency theory posits that two agency problems follow: adverse selection where the principal cannot determine if the agent is performing the work for which s/he is paid, and moral hazard where the principal is unsure as to whether the agent has performed their work to their ability. Incentives and monitoring mechanisms are proposed as safeguards against opportunism (see, Jensen and Meckling, 1976) in the agent/principal relationship. Opportunistic behaviour is assumed in agency theory, and is perceived as self-interest seeking. Thus, the expectation is that the economic actors may disguise, mislead, distort or cheat as they partner in exchange (Wright and Mukherji, 1999).

According to agency theory, information asymmetry occurs where management (agents) have the competitive advantage of information within the company over that of the owners (principals). This results in the principal’s inability to control the desired action of the agent. Information within an organisation is critical, and management working at the “coal face” of the operations of the company are privy to essential information that can be manipulated to maximise their own interests at the expense of the principal (Godfrey et al., 2003).

As a result of the potential conflict between agent and principal, agents are motivated to contract with owners to minimise the goal incongruence of the two parties. It is argued in agency theory that agents seek monitoring contracts because in the absence of such a contract, owners price protect heavily. Hence, agents engage in bonding activities to reduce the totality of costs imposed on them. The costs incurred in monitoring agency contracts

reduce the manager’s compensation, therefore there is incentive for the agents to minimise these costs by refraining from conflict with the principal (Godfrey et al., 2003; Wolk and Tearney, 1997).

"

Arnold & Lange (2003), Enron: an examination of agency problems. Critical Perspectives on Accounting, 15 (2004), pp. 751–765

  

Capital Asset Pricing Model CAPM - Are you having difficulty understanding finance concepts?

The article below talks about CAPM and the formula. Still have issues understanding CAPM? SMS +65 9758-7925 or email enquiry@starcresto.com for tuition!

CAPM: ASSUMPTIONS

Capital asset pricing model assumes that in an open market place, all investors are well-diversified and with homogenous belief, they hold on to the same risky assets. Additionally, there is a risk-free asset where the lending and borrowing rate is the same at rf and there is unlimited amount of capital that are available. Also, it is assumed that the market has perfect information and that all investors are rational and risk averse.

CAPM Illustration

Given the assumptions, it meant that everyone has the same assets to choose from, the same information about the assets and same decision methodology (from Markowitz mean-variance portfolio theory). Thus, everyone would be choosing a portfolio on the same efficient frontier with a mixture of risk-free asset and risky assets (M). That is, everyone sets up the same optimization problem, does the
same calculation, gets the same answer and chooses a portfolio accordingly.

Since everyone is holding on to the same, risky assets portfolio, that is also known as market portfolio. Also, the fact that the investors are well diversified implies that they do not look at standard deviation which measures total risk but only on systematic risk (non-diversifiable risk) which is measured by beta. Hence, CAPM formula can be presented by 

ri = rf + βi(rM − rf)

where 

1. ri --> required rate of return for the ith stock 

2. rf --> risk free rate

3. βi --> beta of the ith stock

4. rM --> return of an average stock / market index

5. (rM − rf) --> market risk premium

6. βi(rM − rf) --> risk premium

 

(C) Valerie Chai Hui Yee, 2014, Capital Asset Pricing Model

To cite the work, please request for permission by sending an email to val@starcresto.com

For more information, visit www.tuition.starcresto.com