About this Course
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Learner Career Outcomes

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Beginner Level

Some exposure to algebra and problem-solving and an introductory understanding of time value of money (TVM)

Approx. 9 hours to complete

Suggested: This course will require 3-5 hours per week....

English

Subtitles: English

What you will learn

  • Check

    Enable you to use modern decision criteria

  • Check

    Evaluating different projects

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    Choosing the best alternatives you are confronted with based on financial thinking and analysis

Skills you will gain

Calculating the Internal Rate of Return of a ProjectCalculating Net Present Value of a Project

Learner Career Outcomes

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Beginner Level

Some exposure to algebra and problem-solving and an introductory understanding of time value of money (TVM)

Approx. 9 hours to complete

Suggested: This course will require 3-5 hours per week....

English

Subtitles: English

Syllabus - What you will learn from this course

Week
1
3 hours to complete

week 1: Decision Criteria

6 videos (Total 79 min), 3 readings
6 videos
1.1 Decision Criteria: NPV20m
1.2 NPV: Intuition & Beauty18m
1.3 NPV: Properties & Formula9m
1.4 Decision Criteria: Payback15m
1.5 Decision Criteria: IRR13m
3 readings
Specialization Syllabus45m
Course 2-Syllabus30m
Note-Formulae30m
Week
2
6 hours to complete

Week 2: Decision Making - A Deeper Look

5 videos (Total 71 min), 1 reading, 2 quizzes
5 videos
2.2 IRR: A Practical Issue11m
2.3 IRR: Bias I20m
2.4 IRR: Bias II13m
2.5 IRR: Properties8m
1 reading
Note-Spreadsheets30m
2 practice exercises
Practice Assignment 12h
Assignment 12h
Week
3
2 hours to complete

week 3: Cash Flows

3 videos (Total 47 min), 1 reading
3 videos
3.2 Cash Flows: A Template16m
3.3 Cash Flows: Capital Items14m
1 reading
Note-Sample Cash Flow Template1h
Week
4
7 hours to complete

week 4: Applications of Cash Flows

2 readings, 2 quizzes
2 readings
Note-Sample Cash Flow Template1h 30m
Note-Spreadsheets1h
2 practice exercises
Practice Assignment 22h
Assignment 22h
4.7
10 ReviewsChevron Right

Top reviews from Decision Criteria & Applications

By ASApr 23rd 2019

An excellent course for decision making criteria and an intuitive as well as practical course for such concepts as IRR bench marking, cost of capital etc.

By SHMay 8th 2019

The discussion and examples regarding NPV and IRR was very clear. It was also a good overview of project and business cash flows.

Instructor

Avatar

Gautam Kaul

Professor of Finance & Fred M. Taylor Professor of Business Administration
Ross School of Business

About University of Michigan

The mission of the University of Michigan is to serve the people of Michigan and the world through preeminence in creating, communicating, preserving and applying knowledge, art, and academic values, and in developing leaders and citizens who will challenge the present and enrich the future....

About the Foundational Finance for Strategic Decision Making Specialization

Understand and apply the foundational principles of finance to most business problems and strategies. This integrated set of courses focuses on both the theory and practice of financial decision-making through an applied lens. Ideal for learners seeking to advance their career and/or pursue a business degree, such as a Master of Business Administration (MBA) degree, a great understanding of foundational concepts in finance will help you to understand the principles of personal finance and investing. After successful completion of the four-course program, you will be equipped to make thoughtful decisions based on a framework built using multiple advances in modern financial theory....
Foundational Finance for Strategic Decision Making

Frequently Asked Questions

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • 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.

More questions? Visit the Learner Help Center.