Online course: Introduction to Corporate Finance (part of a long term online programme: Business Foundations)
Dates: any time
Duration: 7 hours
Rating: 4.6 / 5.0 out of 4447 ratings (see top rating courses here)
Participating countries: any country
Apply here: Application form
- $49 with sharable certificate
Introduction to Corporate Finance
This course provides a brief introduction to the fundamentals of finance, emphasizing their application to a wide variety of real-world situations spanning personal finance, corporate decision-making, and financial intermediation. Key concepts and applications include: time value of money, risk-return tradeoff, cost of capital, interest rates, retirement savings, mortgage financing, auto leasing, capital budgeting, asset valuation, discounted cash flow (DCF) analysis, net present value, internal rate of return, hurdle rate, payback period.
Michael R Roberts
William H. Lawrence Professor of Finance, the Wharton School, University of Pennsylvania
WEEK 1: 2 hours to complete
Week 1: Time Value of Money
Welcome to Introduction to Corporate Finance! This first module will introduce you to one of the most important foundational concepts in Finance, the time value of money. Before diving into the Video lectures, I encourage you to take a look at the brief pre-reading for the course. Specifically, have a look at “Big Picture Course Motivation,” for additional motivation and context for the course, “Time Value of Money Overview,” for a motivation and context for our first topic, and “Quiz Problem Answer Input.” This last note is particularly important to avoid confusion with the problem sets. Then, go to the Video Lectures and start learning Finance!
Intuition and Discounting
WEEK 2: 1 hour to complete
Week 2: Interest Rates
In this module, we wrap up the Time Value of Money topic with a discussion of inflation before moving on to our second topic, Interest Rates, and introducing our third topic, Discounted Cash Flow Analysis. By the end of this module, you should feel comfortable with discounting and compounding arbitrary cash flow streams in order to value different claims and make better financial decisions.
APR and EAR
Discounted Cash Flow: Decision Making
WEEK 3: 2 hours to complete
Week 3: Discounted Cash Flow Analysis
This module continues our discussion of discounted cash flow analysis by way of a capital budgeting case. (You might want to download or view the Excel file, “Tablet Case Spreadsheet.xlsx,” that I use in the lectures, but it is not necessary for understanding the material.) By the end of this module, you should feel comfortable valuing claims and making financing decisions in which the timing of the cash flows and compounding of interest is arbitrary (e.g., annual, semi-quarterly, monthly, etc.). Having worked through the problems, you should also be more comfortable with real world financial decision making related to retirement savings, home financing and refinancing, auto leases, and other scenarios.
Free Cash Flow
Forecasting Free Cash Flow
WEEK 4: 1 hour to complete
Week 4: Return on Investment
This module closes out our discussion of discounted cash flow analysis and caps off the course with a discussion of return on investment. By the end of this module, you should feel comfortable with the notion of free cash flow and the ability to apply a set of forecast drivers to project free cash flows into the future. These are some of the elements of a basic financial model, which we will use to come to a decision about the tablet project and to analyze the assumptions behind our valuation.
Return on Investment
Long term online programme Business Foundations
|Introduction to marketing||4.8||9811|
|Introduction to Financial Accounting||4.7||6431|
|Managing Social and Human Capital||4.5||2000|
|Introduction to Corporate Finance||4.6||4467|
|Introduction to Operations Management||4.5||2182|
|Wharton Business Foundations Capstone||4.6||260|