In this course, participants will learn the foundations of accounting principles and financial analysis, develop an understanding of the links between these, and the measurement of value creation at the firm level. This is the first course in a four-course Specialization on the Essentials of Corporate Financial Analysis and Decision-Making, created in partnership between the University of Melbourne and Bank of New York Mellon (BNY Mellon).
View the MOOC promotional video here: http://tinyurl.com/jeoa83t
Этот курс входит в специализацию ''Специализация Essentials of Corporate Finance'
The Language and Tools of Financial Analysis
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Об этом курсе
4.6
Оценки: 738
Приобретаемые навыки
Ratio AnalysisFinancial AnalysisFinancial RatioBalance Sheet
Программа курса: что вы изучите
Неделя
1An Introduction to Accounting Principles: The Language of Capital Markets
This week we will define and explain the key financial statements produced by a company and reported to its shareholders. We will discuss the different core elements within those statements following basic accounting principles with the discussion framed in reference to excerpts from the actual financial statements produced by the US-listed food company Kellogg's.
8 видео (всего 40 мин.), 7 материалов для самостоятельного изучения, 2 тестов
8 видео
The Language and Tools of Financial Analysis - Overview1мин
1.0 Welcome and Introduction (It all begins with accounting)5мин
1.1 The Balance Sheet 1: Assets (What the company owns)6мин
1.2 The Balance Sheet 2: Liabilities (What the company owes)4мин
1.3 The Balance Sheet 3: Equity (What the owners own)7мин
1.4 The Profit and Loss Statement: Revenues (What the company earns)6мин
1.5 The Profit and Loss Statement: Expenses (What the company spends)5мин
7 материала для самостоятельного изучения
Course Syllabus10мин
Your Teaching Team10мин
Week 1 Outline10мин
Start of Course Survey10мин
Resources10мин
Social Media10мин
Study Tools and Tips10мин
2 практического упражнения
Week 1 practice quiz - This quiz does not contribute to your final grade20мин
Week 1 graded quiz - This quiz contributes 10% towards your final grade20мин
Неделя
2An Intuition-based Introduction to Financial Analysis
Understanding the importance and the accounting principles underpinning the key financial statements of a company, we now turn our attention to synthesizing and condensing the financial statement information for the purpose of financial analysis. Specifically, we demonstrate how financial analysts use ratio analysis to measure relative profitability, leverage, efficiency and the liquidity of a company. Again, we utilise information from the financial statements of Kellogg's and its competitor Kraft to demonstrate these financial analysis techniques.
8 видео (всего 49 мин.), 1 материал для самостоятельного изучения, 2 тестов
8 видео
2.1 Profitability Measures 1 (When is good really good?)10мин
2.2 Profitability Measures 2 (When is really good, good enough?)4мин
2.3 Leverage Measures (Creating value with other people‘s money)9мин
2.4 Efficiency Measures (Are we doing more with less?)6мин
2.5 Liquidity Measures (Staying ahead of the curve?)4мин
Mid Course Check-in1мин
A View from Industry with BNY Mellon2мин
1 материал для самостоятельного изучения
Week 2 Outline10мин
2 практического упражнения
Week 2 practice quiz - This quiz does not contribute to your final grade20мин
Week 2 graded quiz - This quiz contributes 10% towards your final grade20мин
Неделя
3The Links Between Accounting Principles and Financial Decision-making
Having established initial basic financial analyst's toolset in the first two weeks of this course, some caution is warranted as we turn our attention to some of the pitfalls associated with uncritical use of financial statements by analysts. Specifically, we highlight how the use of historical cost and accrual-based accounting might lead to sub-optimal corporate financial decision-making. We then discuss how the agency relationship between management and the owners of a company may also lead to poor corporate decision-making. We conclude with a cautionary tale of misleading accounting practices and the regulator's response to these cases.
6 видео (всего 37 мин.), 1 материал для самостоятельного изучения, 2 тестов
6 видео
3.1 Limitations 1: Historical Cost And Market Value (The market is always right...)7мин
3.2 Limitations 2: Accrual versus Cash Accounting (Money in the bank)5мин
3.3 Limitations 3: Profit versus Wealth Creation (Raising the bar)3мин
3.4 Accounting Scandals 1: The Fall-out From Enron (What to look out for…)5мин
3.5 Accounting Scandals 2: Earnings Management (Smoke and mirrors)9мин
1 материал для самостоятельного изучения
Week 3 Outline10мин
2 практического упражнения
Week 3 practice quiz - This quiz does not contribute to your final grade20мин
Week 3 graded quiz - This quiz contributes 10% towards your final grade20мин
Неделя
4Value Measurement via Discounted Cash Flow Analysis
Having identified the key elements of a company's financial statements, and the way in which information from these statements can be utilized in financial analysis, we shift our focus this week to discounted cash flow (DCF) analysis. Sound financial decision-making by CFOs and investors, requires an assessment of future (uncertain) financial outcomes. DCF analysis allows the financial analyst to extrapolate the financial statement information in a forward-looking manner. The DCF technique provides an objective way in which we can evaluate financial decisions while overcoming many of the shortcomings associated with standard ratio analysis.
6 видео (всего 51 мин.), 4 материалов для самостоятельного изучения, 5 тестов
6 видео
4.1 Discounting Cash Flows (Not every dollar is equal)15мин
4.2 Forecasting Cash Flows (Back to the future)8мин
4.3 Fair Value Using Net Present Value (Finance meets accounting)9мин
4.4 Caution When Using DCF Analysis (Rubbish in… rubbish out)7мин
4.5 The Accountant Signs Off (A summary of the course)3мин
4 материала для самостоятельного изучения
Week 4 Outline10мин
Academic Integrity10мин
Where to From Here? The Next Step.10мин
End of Course Survey10мин
4 практического упражнения
Week 4 practice quiz - This quiz does not contribute to your final grade20мин
Week 4 graded quiz - This quiz contributes 10% towards your final grade20мин
Course Final Exam - This quiz contributes 40% towards your final grade20мин
Peer Assessment Calculations - Worth 10% of your final grade12мин
25%
83%
Лучшие рецензии
автор: JC•Jul 18th 2016
WOW!!! By far the BEST Course in Coursera catalog! Incredible the tools that are taught. Thanks so much. Absolutely recommended for every person regardless of professional background.
автор: SE•Apr 10th 2016
Very concise presentation of information using real-world examples to drive home the points. Quickly and almost imperceptibly moves on from the basics. High recommended!
Преподавателя
Paul Kofman
Dean, Faculty of Business and EconomicsSidney Myer Chair of Commerce
Sean Pinder
Associate ProfessorFaculty of Business and Economics
О The University of Melbourne
The University of Melbourne is an internationally recognised research intensive University with a strong tradition of excellence in teaching, research, and community engagement. Established in 1853, it is Australia's second oldest University.
О специализации ''Essentials of Corporate Finance'
You will gain a firm understanding of corporate finance, including accounting principles and financial analysis, how value is created by global markets, the choices firms face when making financial decisions and defining attitudes towards risk. The Specialization concludes with a Capstone project that allows you to apply the skills you've learned throughout the courses.
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