Product Cost and Investment Cash Flow Analysis (Coursera)

This course can be taken for academic credit as part of CU Boulder’s Master of Engineering in Engineering Management (ME-EM) degree offered on the Coursera platform. The ME-EM is designed to help engineers, scientists, and technical professionals move into leadership and management roles in the engineering and technical sectors. With performance-based admissions and no application process, the ME-EM is ideal for individuals with a broad range of undergraduate education and/or professional experience.

Course 1 of 3 in the Finance for Technical Managers Specialization.

What You Will Learn

- Understand the basics of financial management in an organization

- Distinguish between job and activity-based costing and develop a product cost model

- Learn the concept of time value of money (TVM) and apply it using spreadsheet analysis

- Apply TVM principles to your personal finances and retirement planning

Syllabus

WEEK 1

Introduction to Financial Principles

Overview of the course and introduction to key financial principles.

WEEK 2

Costs and Cost Estimation Methods

Introduces types of costs and the break-even analysis; describes approaches to cost modeling and important cost estimation techniques.

WEEK 3

Product Cost Analysis

Introduces types of inventory and how product cost is determined using the Job Cost and Activity-Based Cost methods.

WEEK 4

Time Value of Money (TVM)

Introduces the concept of time value of money (TVM) as it applies to investment decisions; develops and demonstrates the expressions for the future value of an investment based on initial investments, compounding interest rates, and periods of time; uses analytical and spreadsheet models to solve for a variety of investment situations.

WEEK 5

Application to Personal Finances

Applies the principles of finance and time value of money (TVM) to one’s personal finances. Investments such as stocks, bonds, and funds are introduced, along with the concept of price volatility and its relationship to risk. Asset allocation theory is described in the context of creating an investment portfolio. These principles are then put into practice through constructing a personal retirement plan spreadsheet and retirement plan portfolio.