This course is part of the Think like a CFO Specialization

Javier Estrada

Offered By

Think like a CFO SpecializationIESE Business School

About this Course

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Corporate Finance Essentials will enable you to understand key financial issues related to companies, investors, and the interaction between them in the capital markets. By the end of this course you should be able to understand most of what you read in the financial press and use the essential financial vocabulary of companies and finance professionals.

Learner Career Outcomes

39%

started a new career after completing these courses

37%

got a tangible career benefit from this course

12%

got a pay increase or promotion

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Course 3 of 4 in the

Think like a CFO Specialization

Flexible deadlines

Reset deadlines in accordance to your schedule.

Approx. 13 hours to complete

English

Subtitles: Arabic, French, Portuguese (Brazilian), Chinese (Simplified), Italian, Vietnamese, Korean, German, Russian, Turkish, English, Spanish, Chinese

Skills you will gain

Corporate FinanceFinancial RiskEvaluationInvestment

Learner Career Outcomes

39%

started a new career after completing these courses

37%

got a tangible career benefit from this course

12%

got a pay increase or promotion

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Course 3 of 4 in the

Think like a CFO Specialization

Flexible deadlines

Reset deadlines in accordance to your schedule.

Approx. 13 hours to complete

English

Subtitles: Arabic, French, Portuguese (Brazilian), Chinese (Simplified), Italian, Vietnamese, Korean, German, Russian, Turkish, English, Spanish, Chinese

Instructor

Instructor rating

4.86/5 (325 Ratings)

Javier Estrada

Professor of Financial Management

Department of Financial Management

67,911 Learners

2 Courses

Offered by

IESE Business School

For over fifty years, IESE, the graduate business school of the University of Navarra, has been at the forefront of management education, developing and inspiring business leaders who strive to make a deep, positive and lasting impact on the people, companies and society they serve.

Syllabus - What you will learn from this course

Content Rating98%(7,598 ratings)

Week

Week 1

10 minutes to complete

Course Overview

10 minutes to complete

1 reading

1 reading

Syllabus10m

Week

Week 2

2 hours to complete

Risk and Return

Welcome to Session 1 In this session we will discuss some basic but essential financial concepts such as mean return, volatility, and beta. We will also learn how to apply them in order to assess the performance of selected equity markets over the last decade. The learning objective is to understand the basic, essential, and widely used financial concepts.

2 hours to complete

7 videos (Total 66 min), 3 readings, 1 quiz

7 videos

1. What is this course all about?6m

2. Periodic Returns9m

3. Arithmetic and Geometric Mean Returns10m

4. Evidence9m

5. Volatility11m

6. Beta10m

7. A brief recap8m

3 readings

About this session10m

Readings10m

Intro to Quiz 110m

1 practice exercise

Quiz 130m

Week

Week 3

2 hours to complete

Correlation and Diversification

To understand diversification, an issue at the very heart of most investment decisions, and the role that correlation plays in determining the gains from diversification.

2 hours to complete

7 videos (Total 63 min), 3 readings, 1 quiz

7 videos

1. Recap on the Previous Session4m

2. Portfolio Risk10m

3. The Correlation Coefficient13m

4. The Importance of Correlation3m

5. Diversification and Correlation Part 17m

6. Diversification and Correlation Part 213m

7. Diversification, Correlation and Portfolios8m

3 readings

About this session10m

Readings10m

Intro to Quiz 210m

1 practice exercise

Quiz 230m

Week

Week 4

2 hours to complete

The CAPM and the Cost of Capital

In this session we will discuss how companies assess their cost of debt, their cost of equity, and ultimately their cost of capital. We will also discuss why this last concept is at the heart of many of the most important corporate decisions.

2 hours to complete

7 videos (Total 78 min), 3 readings, 1 quiz

7 videos

1. What is the cost of capital?10m

2. Three ways to think about the cost of capital8m

3. Components and notation7m

4. The debt tax shield7m

5. The cost of debt16m

6. The cost of equity10m

7. The CAPM17m

3 readings

About this session10m

Readings10m

Intro to Quiz 310m

1 practice exercise

Quiz 330m

Week

Week 5

2 hours to complete

Estimating the Cost of Capital - An Application

In this session we will put to work all the concepts discussed in the previous session by estimating the cost of capital of a company. As usual, when putting theory into practice, a few complications arise and we will discuss how to deal with them.

2 hours to complete

3 videos (Total 47 min), 3 readings, 1 quiz

3 videos

1. Recap on the previous session17m

2. Estimating the cost of capital: Starbucks15m

3. Estimating the cost of capital: Starbucks; A Few Rounding Comments13m

3 readings

About this session10m

Readings10m

Intro to Quiz 410m

1 practice exercise

Quiz 430m

Week

Week 6

2 hours to complete

Project Evaluation

In this session we will discuss how companies routinely decide whether or not to invest in projects. We will discuss the two tools most widely used for this purpose, NPV and IRR, and apply them to the evaluation of an investment opportunity.

2 hours to complete

8 videos (Total 76 min), 3 readings, 1 quiz

8 videos

1. What is this all about?7m

2. Introduction to the Net Present Value (NPV)7m

3. The Net Present Value (NPV)7m

4. The Internal Rate of Return (IRR)15m

5. Shortcomings of the IRR9m

6. Evaluating an investment opportunity9m

7. Discount rates across countries or divisions6m

8. Discount rates over time11m

3 readings

About this session10m

Readings10m

Intro to Quiz 510m

1 practice exercise

Quiz 530m

Week

Week 7

2 hours to complete

Corporate Value Creation

In this session we will discuss EVA, a tool widely used to assess whether a company is creating or destroying value. We will also put this tool into practice by estimating the EVA of two companies.

2 hours to complete

6 videos (Total 67 min), 3 readings, 1 quiz

6 videos

1. Corporate value creation11m

2. Growth and return on growth12m

3. Economic value added (EVA)13m

4. EVA: Two examples14m

5. EVA levels versus EVA changes11m

6. Brief wrap up4m

3 readings

About this session10m

Readings10m

Intro to Quiz 610m

1 practice exercise

Quiz 630m

Week

Week 8

1 hour to complete

Final Quiz

1 hour to complete

1 practice exercise

Final Quiz Corporate Finance Essentials 30m

About the Think like a CFO Specialization

The Think like a CFO Specialization will help you learn the language of finance. You will gain a firm understanding in Accountability, Operational Finance and Corporate Finance.

By the end of the specialization, you’ll know what questions to ask and how to fit the different pieces together in order to develop a diagnosis and action plan to resolve a company’s financing dilemmas. You will have gain the necessary skills to understand basic concepts and feel comfortable reading, interpreting and discussing financial statements for decision making and you will understand the hey financial issues related to companies, investors, and the interaction between them in the capital markets. When you complete the Specialization, you’ll be able to better understand both business financial problems to make better decisions and your own personal financial decisions

Frequently Asked Questions

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
Is financial aid available?
Yes, Coursera provides financial aid to learners who cannot afford the fee. Apply for it by clicking on the Financial Aid link beneath the "Enroll" button on the left. You'll be prompted to complete an application and will be notified if you are approved. You'll need to complete this step for each course in the Specialization, including the Capstone Project. Learn more.
Will I earn university credit for completing the Course?
This Course doesn't carry university credit, but some universities may choose to accept Course Certificates for credit. Check with your institution to learn more. Online Degrees and Mastertrack™ Certificates on Coursera provide the opportunity to earn university credit.

More questions? Visit the Learner Help Center.

Corporate Finance Essentials

About this Course

Learner Career Outcomes

39%

37%

12%

Skills you will gain

Learner Career Outcomes

39%

37%

12%

Instructor

Javier Estrada

Offered by

IESE Business School

Syllabus - What you will learn from this course

Week 1

Course Overview

Week 2

Risk and Return

Week 3

Correlation and Diversification

Week 4

The CAPM and the Cost of Capital

Week 5

Estimating the Cost of Capital - An Application

Week 6

Project Evaluation

Week 7

Corporate Value Creation

Week 8

Final Quiz

Reviews

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About the Think like a CFO Specialization

Frequently Asked Questions

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