This curriculum teaches the fundamentals of valuing public and private companies through a case study approach. It covers the different methodologies and focuses on the Discounted Cash Flow (DCF) method as participants build a DCF analysis for an actual acquisition, using each component of the DCF model: projected free cash flows, Weighted Average Cost of Capital (WACC) and terminal value. The program concludes with an introduction to sensitivity and scenario analysis, which is used to improve the base case valuation. This curriculum is made up of the following modules: - Introduction to Business Valuation - The Foundations of Free Cash Flows - The Weighted Average Cost of Capital (WACC) - Terminal Value - The DCF Approach to Business Valuation - The Limitations of the DCF Approach