Об этом курсе
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This short course surveys all the major topics covered in a full semester MBA level finance course, but with a more intuitive approach on a very high conceptual level. The goal here is give you a roadmap and framework for how financial professional make decisions. We will cover the basics of financial valuation, the time value of money, compounding returns, and discounting the future. You will understand discounted cash flow (DCF) valuation and how it compares to other methods. We also step inside the mind of a corporate financial manager and develop the basic tools of capital budgeting. We will survey the how, when, and where to spend money, make tradeoffs about investment, growth, dividends, and how to ensure sound fiscal discipline. Our journey then turns to a Wall Street or capital markets perspective of investments as we discuss the fundamental tradeoff between risk and return. We then synthesize our discussion of risk with our valuation framework and incorporate it into series of direct applications to practice. This course requires no prior familiarity with finance. Rather, it is intended to be a first step for anyone who is curious about understanding stock markets, valuation, or corporate finance. We will walk through all of the tools and quantitative analysis together and develop a guide for understanding the seemingly complex decisions that finance professionals make. By the end of the course, you will develop an understanding of the major conceptual levers that push and pull on financial decision making and how they relate to other areas of business. The course should also serve as a roadmap for where to further your finance education and it would be an excellent introduction of any students contemplating an MBA or Finance concentration, but who has little background in the area....
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Beginner Level

Начальный уровень

Clock

Approx. 19 hours to complete

Предполагаемая нагрузка: 5 hours/week...
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English

Субтитры: English...

Приобретаемые навыки

Financial AccountingCapital BudgetingCorporate FinanceFinance
Globe

Только онлайн-курсы

Начните сейчас и учитесь по собственному графику.
Calendar

Гибкие сроки

Назначьте сроки сдачи в соответствии со своим графиком.
Beginner Level

Начальный уровень

Clock

Approx. 19 hours to complete

Предполагаемая нагрузка: 5 hours/week...
Comment Dots

English

Субтитры: English...

Программа курса: что вы изучите

Week
1
Clock
3 ч. на завершение

Course Overview and Basic Principles of Financial Valuation Discounting

Welcome to Finance for Non-Finance Professionals! In this section you will find general information about the course and instructions on how to navigate the course. For the first week of lectures, we will be covering the basics of financial valuation. We will start with the basics of compounding and discounting rates of return over time. Using these tools we will then move on to valuation using the discounted cash flow method. Along the way, we will demonstrate our valuation tools with a variety of practical examples and compare our analysis with other valuation techniques....
Reading
15 видео (всего 101 мин.), 3 материалов для самостоятельного изучения, 2 тестов
Video15 видео
Course Overview & Demonstration1мин
Week 1 Overview1мин
Human Nature and the Time Value of Money7мин
Compounding and Earning Returns Over Time11мин
Basic Principals of Valuation and Discounting4мин
Discounting Future Cash Back to the Present12мин
Discounted Cash Flow (DCF) as the Basis for All Valuation6мин
DCF Practical Example11мин
Valuation by Comparables8мин
Examples and Applications: Bonds8мин
Examples and Applications: Mortgages5мин
Examples and Applications: Annuities8мин
Examples and Applications: Capstone Example5мин
Conversations with a Practitioner4мин
Reading3 материала для самостоятельного изучения
General Course Information10мин
Discussion Forum Guidelines10мин
Pre-Course Survey10мин
Quiz2 практического упражнения
Homework Assignment30мин
Week 1 Quiz30мин
Week
2
Clock
2 ч. на завершение

How to Spend Money (Capital Budgeting tools)

Welcome to the second week of Finance for Non-Finance Professionals! In this week of the course, we will build on the basic valuation tools from week one to start making capital budgeting decisions. Our capital budgeting review covers the basic tools like Net Present Value, Internal Rate of Return, Payback period, and return on capital. Our discussion of the relative advantages of each different tool leads us into sensitivity analysis and the advantages of spreadsheet modeling....
Reading
11 видео (всего 72 мин.), 1 материал для самостоятельного изучения, 2 тестов
Video11 видео
Overview of the Capital Budgeting Process5мин
Net Present Value (NPV)7мин
Payback Period7мин
Accounting Ratios7мин
Internal Rate of Return (IRR)8мин
Wrinkles with IRR8мин
Using All the Metrics Together4мин
Sensitivity Analysis7мин
Spreadsheet Modeling9мин
Conversations with a Practitioner5мин
Reading1 материал для самостоятельного изучения
Real World Application: A Refresher on Net Present Value10мин
Quiz2 практического упражнения
Homework Assignment30мин
Week 2 Quiz30мин
Week
3
Clock
2 ч. на завершение

Measuring Cash Creation and Flow

Welcome back to Finance for Non-Finance Professionals! In our third week together, we will go on a treasure hunt through the financial statements. Using discounted cash flows as our motivation, we search through the income statement and balance sheet for all the uses and sources of cash. Our search leads us to our primary measure of value creation: Free Cash Flow. Free cash flow will form the basis of most financial analysis and this module gives us a roadmap for estimating and forecasting cash creation within any organization....
Reading
10 видео (всего 60 мин.), 1 материал для самостоятельного изучения, 2 тестов
Video10 видео
Brief Overview of the Financial Statements8мин
Hunting for Cash Creation5мин
Working Capital Adjustments8мин
Depreciation and Capital Expenditures5мин
Salvage and Terminal Values7мин
Taxes3мин
Calculating Free Cash Flow7мин
Using Capital Budgeting Tools8мин
Conversations with a Practitioner4мин
Reading1 материал для самостоятельного изучения
Real World Application: Obama Administration Releases Report Outlining Benefits of Expensing Proposal in Encouraging Business Expansion, Hiring Now10мин
Quiz2 практического упражнения
Homework Assignment35мин
Week 3 Quiz35мин
Week
4
Clock
3 ч. на завершение

How Much Does Money Cost? Evaluating the Cost of Capital

Welcome back everyone! In our final week together in this course, we switch gears and take an external view of the firm from a Wall Street, or capital markets, perspective. We think about the basic tradeoff between risk and return, how to measure risk, and how to put a risk premium on different kinds of investments. We then take our analysis of risk and return and use it to estimate a firm's cost of capital. Finally, we circle back to free cash flows, capital budgeting and valuation to tie together all four weeks and get ready for our capstone case analysis....
Reading
10 видео (всего 72 мин.), 2 материалов для самостоятельного изучения, 2 тестов
Video10 видео
Debt vs. Equity Financing8мин
Risk Free Rate6мин
Historical Risk and Return7мин
The Equity Risk Premium5мин
Beta and the Cost of Equity10мин
Credit Ratings and Quality Spreads5мин
Estimating the Cost of Debt6мин
Putting it All Together as the WACC (Weighted Average Cost of Capital)12мин
Conversations with a Practitioner6мин
Reading2 материала для самостоятельного изучения
Real World Application: U.S. oil companies closer to balancing capital investment with operating cash flow10мин
Real World Application: Why aren't companies spending?10мин
Quiz2 практического упражнения
Homework Assignment (Optional)30мин
Week 4 Quiz30мин

Преподаватель

James Weston

Houston Endowment Professor of Finance
Jones Graduate School of Business

О Rice University

Rice University is consistently ranked among the top 20 universities in the U.S. and the top 100 in the world. Rice has highly respected schools of Architecture, Business, Continuing Studies, Engineering, Humanities, Music, Natural Sciences and Social Sciences and is home to the Baker Institute for Public Policy....

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