This course is designed to show you how use quantitative models to transform data into better business decisions. You’ll learn both how to use models to facilitate decision-making and also how to structure decision-making for optimum results. Two of Wharton’s most acclaimed professors will show you the step-by-step processes of modeling common business and financial scenarios, so you can significantly improve your ability to structure complex problems and derive useful insights about alternatives. Once you’ve created models of existing realities, possible risks, and alternative scenarios, you can determine the best solution for your business or enterprise, using the decision-making tools and techniques you’ve learned in this course.
Этот курс входит в специализацию ''Специализация Финансовое и бизнес-моделирование'
Decision-Making and Scenarios
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Карьерные результаты учащихся
20%
начал новую карьеру, пройдя эти курсы
21%
получил значимые преимущества в карьере благодаря этому курсу
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Курс 4 из 5 в программе
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Прибл. 9 часа на выполнение
Предполагаемая нагрузка: 4 weeks of study, 1-3 hours/week
Английский
Субтитры: Английский
Программа курса: что вы изучите
2 ч. на завершение
Evaluation Criteria: Net Present Value
This module was designed to introduce you to the many potential criteria for selecting investment projects, and to explore the most effective of these criteria: Net Present Value (NPV). Through the use of concrete examples, you'll learn the key components of Net Present Value, including the time value of money and the cost of capital, the main utility of NPV, and why it is ultimately more accurate and useful for evaluating projects than other commonly used criteria. By the end of this module, you'll be able to explain why net present value analysis is the appropriate criteria for choosing whether to accept or reject a project, and why other criteria, such as IRR, payback, ROI, etc. may not lead to decisions which maximize value.
2 ч. на завершение
6 видео ((всего 73 мин.)), 2 материалов для самостоятельного изучения, 1 тест
6 видео
1.1 Introduction: Criteria for Evaluating Projects6мин
1.2 Time Value of Money19мин
1.3 NPV Analysis of Projects16мин
1.4 Other Evaluation Techniques15мин
1.5 The Cost of Capital10мин
2 материала для самостоятельного изучения
PDFs of Lecture Slides10мин
Excel Spreadsheets: Module 110мин
1 практическое упражнение
Evaluation Criteria: Module 1 Quiz20мин
2 ч. на завершение
Evaluating Projects
In this module, you'll learn how to evaluate a project with emphasis on analyzing the incremental after-tax cash flows associated with the project. You'll work through a concrete example using alternative scenarios to test the effectiveness of this method. You'll also learn why only future cash flows are relevant, why to ignore financial costs, include all incidental effects, remember working capital requirements, consider the effect of taxes, forget sunk costs, remember opportunity costs, use expected cash flows, and perform sensitivity analysis. By the end of this module, you'll be able to evaluate projects more thoroughly and effectively, with emphasis on how to model the change in the company’s after-tax cash flows, so that you can make more profitable decisions.
2 ч. на завершение
5 видео ((всего 63 мин.)), 1 материал для самостоятельного изучения, 1 тест
5 видео
2.2 Analyzing Incremental After-Tax Flows - Operating Phase12мин
2.3 Analyzing Incremental After-Tax Flows - Terminal Phase6мин
2.4 Example: New Production Machine12мин
2.5 Key Considerations in Evaluations19мин
1 материал для самостоятельного изучения
PDFs of Lecture Slides10мин
1 практическое упражнение
How to Evaluate Projects: Module 2 Quiz22мин
1 ч. на завершение
Expressing Business Strategies in Financial Terms
This module was designed to give you the opportunity to learn how business activities, transactions and events are translated into financial statements, including balance sheets, income statements, and cash flow statements. You'll also learn how these three statements are linked to each other, and how balance sheets and income statements can help forecast the future cash flow statements. By the end of this module, you'll be able to explain how accounting systems translate business activities into financial terms, and how to use this to better forecast future cash flows, so that you can express your business strategies in these financial terms, and show "the bottom line" for your proposed plan of action.
1 ч. на завершение
3 видео ((всего 52 мин.)), 1 материал для самостоятельного изучения, 1 тест
3 видео
3.2 Balance Sheets and Income Statements15мин
3.3 Cash Flow Statements17мин
1 материал для самостоятельного изучения
PDFs of Lecture Slides10мин
1 практическое упражнение
Financial Statements and Forecasting: Module 3 Quiz20мин
2 ч. на завершение
New Product Value
In this module, you'll apply what you’ve been learning to an analysis of a new product venture. You’ll learn how to map out a plan of the business activities, transactions and events that need to happen to implement the new venture, including their timing. You'll also learn how to set up a spreadsheet to help with forecasts, and to re-calculate things automatically as we re-think our plans. You'll see how to forecast out the implied financial statements, and calculate the Net Present Value (NPV). By the end of this module, you'll be able to use spreadsheets to explore different risks a venture may face, and analyze the implications of these scenarios for NPV, so that you can make the most profitable, data-driven decision possible.
2 ч. на завершение
6 видео ((всего 51 мин.)), 2 материалов для самостоятельного изучения, 1 тест
6 видео
4.2 Forecasting Future Cash Flows11мин
4.3 NPV and IRR Calculations5мин
4.4 Formulation and Evaluation of Alternative Scenarios15мин
4.5 Expanding Beyond the Time Horizon9мин
Course Conclusion28
2 материала для самостоятельного изучения
PDFs of Lecture Slides10мин
Excel Spreadsheets: Module 410мин
1 практическое упражнение
Calculating Value: Module 4 Quiz20мин
Рецензии
Лучшие отзывы о курсе DECISION-MAKING AND SCENARIOS
от партнера SRApr 22, 2017
The course material and examples are very useful. I really like the CF spreadsheet at the end of week 4 as this is very organized CF model and I can use this as reference to build my own. Thank you!
от партнера AUFeb 6, 2020
Goooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooood
от партнера EEOct 31, 2017
I think I would be more helpfull if you worked in more detail on the example. Rather than just reading of the slides, it would be much better if we could follow you step by step in calculatons.
от партнера ASJun 5, 2018
Thank you for the wonderful course. It gave us substantial information to evaluate a project based on NPV and IRR. The sensitivity analyses and the consequent scenarios were spelt out lucidly.
от партнера CEJun 11, 2019
I took 2 full semesters of accounting courses in college and did not get the understanding of the material as well as I did in these modules. This course is wonderful and very eye-opening!
от партнера NOAug 25, 2019
The professor should add more into the calculating the present value of growing perpetuity as most of the projects are followed by other project or these go for an extended period of time.
от партнера DAMay 26, 2016
Material is what I was looking for to model decision making in a business/project setting. More practice would have been useful and extra material such as e-books or articles.
от партнера TRJan 21, 2018
Excellent course. This material has helped me to fine tune my skills setting up the spreadsheets and utilizing scenarios to find where the risk associated with projects are.
от партнера SCOct 1, 2018
Best course to understand the project valuation and the concept of IRR and NPV. Awesome way of explanation with real examples.\n\nThank you coursera for being my Mentor.
от партнера RAApr 13, 2019
Very practical, precise and applicable. Love the Excel Sheets and the explanation in helping differentiate metrics vs judging scenarios while getting the numbers right.
от партнера DSAug 10, 2017
Module 2 quiz was really tricky and I felt the lectures should have provided a more similar example. Could not get the NPV calc in problem 5 no matter what I tried
от партнера AJFeb 16, 2019
This is a solid course on financial decision making. Highly recommended for those who work in operations management and on strategic initiatives and projects.
от партнера FADec 25, 2018
Fantastic course. Great depth and and breadth within the scope of the subjects covered and explained quite complex concepts very clearly and systematically
от партнера MSSep 23, 2017
It is a nice course for those who want to revisit the concepts of NPV, IRR and those who want to understand about Financial Planning / Financial Modeling.
от партнера EXAug 1, 2018
If anyone is interested to get a head start with excel and valuation, this is a great course. The best part is you can re-visit the videos for references.
от партнера JPMar 14, 2017
The professors take you almost by the hand with the basic concepts but the one you must master in order to have a good solid foundation. Amazing course!!
от партнера JLJan 10, 2020
I think that it is one of the most complete courses in the specialization, but at times it is very repetitive from what was learnt in previous courses.
от партнера CCDec 5, 2019
Undoubtedly, this is a great course to learn the financial modelling. However, students should equip with some basic knowledge of financial accounting
от партнера ASJun 20, 2016
Found a lot of interesting and important information for me here. Excellent information on making prognosis tied with accounting and financial reports
от партнера DMMay 26, 2016
I liked the class and it gave good information. The professors ordered the materials well, and I would recommend anyone to take this MOOC.
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Пенсильванский университет
The University of Pennsylvania (commonly referred to as Penn) is a private university, located in Philadelphia, Pennsylvania, United States. A member of the Ivy League, Penn is the fourth-oldest institution of higher education in the United States, and considers itself to be the first university in the United States with both undergraduate and graduate studies.
Специализация Финансовое и бизнес-моделирование: общие сведения
Wharton's Business and Financial Modeling Specialization is designed to help you make informed business and financial decisions. These foundational courses will introduce you to spreadsheet models, modeling techniques, and common applications for investment analysis, company valuation, forecasting, and more. When you complete the Specialization, you'll be ready to use your own data to describe realities, build scenarios, and predict performance.
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