Introduction to Corporate Finance

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Description

About this course: 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.

Created by:  University of Pennsylvania
  • Taught by:  Michael R Roberts, William H. Lawrence Professor of Finance, t…

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When you enroll for courses through Coursera you get to choose for a paid plan or for a free plan

  • Free plan: No certicification and/or audit only. You will have access to all course materials except graded items.
  • Paid plan: Commit to earning a Certificate—it's a trusted, shareable way to showcase your new skills.

About this course: 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.

Created by:  University of Pennsylvania
  • Taught by:  Michael R Roberts, William H. Lawrence Professor of Finance, the Wharton School, University of Pennsylvania

    Finance
Basic Info Course 4 of 6 in the Business Foundations Specialization Commitment 4 weeks of study, 4-7 hours/week Language English How To Pass Pass all graded assignments to complete the course. Coursework

Each course is like an interactive textbook, featuring pre-recorded videos, quizzes and projects.

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University of Pennsylvania 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.

Syllabus


WEEK 1


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!


4 videos, 6 readings expand


  1. Reading: Syllabus
  2. Reading: Big Picture Course Motivation
  3. Reading: Time Value of Money Overview
  4. Reading: Quiz Problem Answer Input
  5. Reading: Lecture Slides
  6. Reading: Finance Matters: additional information about the field of Finance
  7. Video: Intuition and Discounting
  8. Video: Compounding
  9. Video: Useful Shortcuts
  10. Video: Taxes

Graded: Problem Set 1: TVM: Intuition Discounting
Graded: Problem Set 2: TVM: Compounding
Graded: Problem Set 3: TVM: Useful Shortcuts
Graded: Problem Set 4: TVM: Useful Shortcuts

WEEK 2


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.


4 videos, 1 reading expand


  1. Video: Inflation
  2. Video: APR and EAR
  3. Video: Term Structure
  4. Video: Discounted Cash Flow: Decision Making
  5. Reading: Lecture Slides

Graded: Problem Set 6: Interest Rates: APR and EAR
Graded: Problem Set 7: Interest Rates: Term Structure

WEEK 3


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.


3 videos, 2 readings expand


  1. Video: Free Cash Flow
  2. Video: Forecast Drivers
  3. Video: Forecasting Free Cash Flow
  4. Reading: Lecture Slides
  5. Reading: Tablet Case Spreadsheet

Graded: Problem Set 9: DCF: Free Cash Flow

WEEK 4


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.


3 videos, 1 reading expand


  1. Video: Decision Criteria
  2. Video: Sensitivity Analysis
  3. Video: Return on Investment
  4. Reading: Lecture Slides

Graded: Problem Set 14: Return on Investment

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