University of Illinois at Urbana-Champaign
Corporate Finance I: Measuring and Promoting Value Creation
University of Illinois at Urbana-Champaign

Corporate Finance I: Measuring and Promoting Value Creation

This course is part of Financial Management Specialization

Taught in English

Some content may not be translated

Heitor Almeida
Stefan Zeume

Instructors: Heitor Almeida

44,865 already enrolled

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Course

Gain insight into a topic and learn the fundamentals

4.7

(1,098 reviews)

|

95%

Beginner level
No prior experience required
24 hours (approximately)
Flexible schedule
Learn at your own pace
Progress towards a degree

Details to know

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Assessments

18 quizzes

Course

Gain insight into a topic and learn the fundamentals

4.7

(1,098 reviews)

|

95%

Beginner level
No prior experience required
24 hours (approximately)
Flexible schedule
Learn at your own pace
Progress towards a degree

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This course is part of the Financial Management Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
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There are 6 modules in this course

In this module, you will become familiar with the course, your instructor, your classmates, and our learning environment. The orientation also helps you obtain the technical skills required for the course.

What's included

4 videos5 readings1 quiz1 discussion prompt

In Module 1, we will discuss the objectives of the corporation. We will introduce the concept of shareholder value and discuss the pros and cons of maximizing stock prices. We will then learn how to calculate financial ratios that measure concepts such as liquidity, leverage, and profitability. We will work with accounting statements and financial data from real world companies and learn how to use this data to measure the financial health of companies and make comparisons with competitors.

What's included

11 videos3 readings4 quizzes

In Module 2, we will learn models that allow us to forecast and manage a company's short-term investments such as capital expenditures. We will forecast the future financial statements of a real world company and learn how to figure out how much external financing the company will need. We will then use real world examples to learn how short-term investments in working capital determine a company's need for short-term financing.

What's included

13 videos3 readings4 quizzes1 peer review

In Module 3, we will learn tools that allow us to measure the contribution of a new investment to shareholder value. We will learn how to calculate the net present value (NPV) of an investment and how to use the NPV to make a decision on whether to make the investment or not. We will also learn to calculate the rate of return (IRR) on an investment project and how to properly use the IRR in investment decisions. Finally, we will learn how to incorporate real options into investment analysis to be able to make decisions about investments such as R&D (research and development).

What's included

13 videos3 readings5 quizzes

In Module 4, we will apply our investment valuation tools to understand when a merger between two companies creates shareholder value. We will learn to distinguish between good and bad reasons for companies to engage in mergers and acquisitions (M&A), and we will learn how to price an M&A deal. We will also learn the specific characteristics of leveraged buyouts (LBOs) and how they can create value for shareholders. We will then learn how to incorporate risk into investment valuation by changing discount rates. We will calculate the weighted-average cost of capital (WACC) for a real world company and learn how to use WACC to value investments and to measure the performance of the company or a division of the company.

What's included

14 videos3 readings4 quizzes1 peer review

What's included

1 video2 readings

Instructors

Instructor ratings
4.7 (158 ratings)
Heitor Almeida
University of Illinois at Urbana-Champaign
5 Courses89,758 learners
Stefan Zeume
University of Illinois at Urbana-Champaign
2 Courses56,596 learners

Offered by

Recommended if you're interested in Finance

Get a head start on your degree

This course is part of the following degree programs offered by University of Illinois at Urbana-Champaign. If you are admitted and enroll, your coursework can count toward your degree learning and your progress can transfer with you.

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4.7

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