• Presenter: Dr. Julia Kwok

• Topic: Impact of Capital Structure on Cost of Capital and Firm Valuation

• Program Description: How to evaluate projects using the adjusted present value (APV) approach to take into account the use of debts to finance those projects. 

• Format: Online Live Group

• CPE Credit: 1 hour

• Field of Study: Finance - Technical

• Program Knowledge Level: Intermediate

• Prerequisites: None

• Learning Objectives: 

  • Understand the effects of leverage on the value created by project
  • Apply the Adjusted Present Value approach for valuing firms with leverage
  • Contrast the Adjusted Present Value method with the weighted average cost of capital approach
  • Apply the Adjusted Present Value on a leveraged buyout case

• Speaker Bio:  Dr. Julia S. Kwok is a Professor of Finance at Northeastern State University (NSU). She chairs the Department of Accounting and Finance. Dr. Kwok received the Women of Distinction Award from Journal of Tulsa Business and Legal News, FBD Outstanding Educator Award from Southwestern Finance Association, Distinguished Paper Award from Southwestern Case Research Association and Model the Way Award from NSU. Julia received her doctoral degree from Virginia Polytechnic and State University (Virginia Tech). Dr. Kwok publishes in The Journal of Business and Finance Research, Journal of Business Case Studies, Journal of Higher Education Theory and Practice, International Research Journal of Applied Finance, and International Journal of Management Research and Review. She is a member of Financial Management Association, Southwest Finance Association, Southwestern Case Research Association, Phi Kappa Phi, Beta Gamma Sigma, Golden Key Honor Society, Tulsa Chamber of Commerce and Oklahoma Business Ethics Consortium.

• Refund Policy: Full refund by original method of payment if cancellation received by 4pm on the Monday preceding the event.

CPE Credits are based on a 50-minute hour. State boards of accounting have final authority on the acceptance of individual courses for CPE credit. Attendee accepts responsibility to determine if course meets acceptable guidelines set forth by their reporting authority. Complaints regarding any CPE presentation should be directed to [email protected].