This course is a rigorous introduction to alternative methods of valuation and will enable the learner to conduct analysis of most projects and companies. This course will also serve useful to anyone interested in, or required to, critically evaluating project and company analyses conducted by experts.
This module contains detailed videos and syllabi of both the Specialization and this course. This specialization has been designed to enable you to learn and apply the powerful tools of modern finance to both personal and professional situations. The courses within progress linearly and build on each other and it is important for you to get an understanding of why this specialization may be relevant to your goals, again both personal and professional. Please review the videos and syllabi as they will give you a sense of the specialization and how this specific course fits within. The teaching style and philosophy of the instructors is also presented to you (hopefully) in sufficient detail. Most importantly, it will give you enough information for you to make a decision about whether you want to take this course, by itself or as part of a specialization.
In module 1, we will first introduce a simple valuation approach using a detailed example and highlighting the effects of leverage. We will deliberately ignore real world issues such as taxes and bankruptcy costs to determine the fundamentals of valuation. This module will bring together the two building blocks of finance: Time Value of Money (Course 1) and Risk & Return (Course 2).
Graded: Assignment 1
Graded: Assignment 2
We will use our understanding of valuation from Module 1 to introduce a framework of valuation that will highlight the main drivers of the value of a company. This will serve as our basis for all valuation and we will then gradually introduce "frictions" created by us in the real world, like taxes and bankruptcy costs. Graded: Assignment 3
Graded: Assignment 4
In Module 3, we will introduce the effects of taxes on valuation. We will build gradually on the effects of taxes on a company's cash flows and then introduce the much more complex treatment of leverage to highlight its effects on valuation.
Graded: Assignment 5
Graded: Assignment 6
Module 4 is a natural extension of Module 3 because the presence of frictions and the availability of information allows us to value companies using alternative valuation methods. These methods will be developed and applied in detail in this concluding module.
Graded: Assignment 7
Graded: Assignment 8
This week will be spent on a short wrap video of the course and time for assimilation and review by learners to be prepared to take the final exams. In the past, learners have really valued this time and hence it is built into this new structure/platform as well.
This is finals week. Please note there are two finals and you need to attempt both.
Impact your financial decisions and learn how to affect the performance of your unit's profitability and of your organization. In this course gain a basic understanding of finance and accounting concepts to drive your organization's growth. Upon completion of this course, you will have gained general financial knowledge and an in-depth understanding of the impact of your decisions outside your functional area.
Discounted cash flow method means that we can find firm value by discounting future cash flows of a firm. That is, firm value is present value of cash flows a firm generates in the future. In order to understand the meaning of present value, we are going to discuss time value of money, first. That is, the value of $100 today is different from the value of $100 a year later. Then, what should be the present value of $100 that you are going to receive in 1 year? How about the value of $100 dollars that you are going to receive every year for next 10 years? How about forever? After taking this course, you are going to be able to find the present value of these types of cash flows in the future.
This course is a theoretically sound and practical exposure to valuation. As the final course of the Specialization, it will be useful to anyone in understanding, conducting or critically evaluating project and company analyses conducted by experts.
In this course you will learn how companies decide on how much debt to take, and whether to raise capital from markets or from banks. You will also learn how to measure and manage credit risk and how to deal with financial distress. You will discuss the mechanics of dividends and share repurchases, and how to choose the best way to return cash to investors. You will also learn how to use derivatives and liquidity management to offset specific sources of financial risk, including currency risks.
In this course, participants will develop an understanding of the intuitive foundations of asset and investment valuation, and how alternative valuation techniques may be used in practice. This is part of a Specialization in corporate finance created in partnership between the University of Melbourne and Bank of New York Mellon (BNY Mellon).
We will introduce the time value of money (TVM) framework in a carefully structured way, using relatively simple applications at first and quickly moving to more advance ones. We will then spend some time on developing an understanding of alternative decision criteria (NPV, IRR, Profitability, etc.) that are commonly used in the real world. We will wrap up the course with an exposure to the determination of cash flows using accounting principles. The main focus in this building block will be on individual/personal decisions because of two reasons: (a) we learn when we see value to us as individuals and (b) the beauty of finance is that the building blocks of finance are applicable to any decision, personal or corporate.
This second course in the specialization will last six weeks and will focus on the second main building block of financial analysis and valuation: risk. The notion of risk and statistics are intimately related and we will spend a fair amount of time on the development of some statistical concepts and tools, namely distribution theory and regression analysis. This time will be well spent because these concepts and tools are also commonly used in many applications in the real world. The foundational idea of diversification will then be used to develop a framework for evaluating risk and establishing a relationship between risk and return. Apart from developing a keen appreciation of risk for making thoughtful decisions in an institutional context, this course will contain a lot of material and examples that will enable the learner to make smart personal investing decisions.
In addition to discounted cash flow method, multiple method is one of the most popular methods of firm valuation. PER is often used among financial professionals to make a quick-and-dirty estimate of a firm value. In this course, you are going to learn the concept and usage of PER, PBR and PSR. In addition to these basic multiple ratios, you are going to learn how to make an estimate of enterprise value and founder’s ownership before and after additional funding.
It is an online course aimed at large-scale participation and open (free) access via the internet.
They are similar to university courses, but do not tend to offer academic credit.
A number of web-based platforms (providers Aka initiatives) supported by top universities and colleges offer MOOCs in a wide range of subjects.
How to Be a Successful MOOC Student - MOOCs – Massive Open Online Courses – enable students around the world to take university courses online. This guide, by the instructors of edX’s most successful MOOC in 2013-2014, Principles of Written English (based on both enrollments and rate of completion), advises current and future students how to get the most out of their online study, covering areas such as what types of courses are offered and who offers them, what resources students need, how to register, how to work effectively with other students, how to interact with professors and staff, and how to handle assignments. This second edition offers a new chapter on how to stay motivated. This book is suitable for both native and non-native speakers of English, and is applicable to MOOC classes on any subject (and indeed, for just about any type of online study).