Rice University
Finance for Non-Finance Professionals
Rice University

Finance for Non-Finance Professionals

Taught in English

Some content may not be translated

177,314 already enrolled

Course

Gain insight into a topic and learn the fundamentals

James Weston

Instructor: James Weston

4.8

(2,640 reviews)

Beginner level
No prior experience required
13 hours to complete
3 weeks at 4 hours a week
Flexible schedule
Learn at your own pace

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

10 quizzes

See how employees at top companies are mastering in-demand skills

Placeholder
Placeholder

Earn a career certificate

Add this credential to your LinkedIn profile, resume, or CV

Share it on social media and in your performance review

Placeholder

There are 5 modules in this course

Welcome to Finance for Non-Finance Professionals! In this section you will find general information about the course and instructions on how to navigate the course. For the first week of lectures, we will be covering the basics of financial valuation. We will start with the basics of compounding and discounting rates of return over time. Using these tools we will then move on to valuation using the discounted cash flow method. Along the way, we will demonstrate our valuation tools with a variety of practical examples and compare our analysis with other valuation techniques.

What's included

15 videos3 readings2 quizzes1 discussion prompt

Welcome to the second week of Finance for Non-Finance Professionals! In this week of the course, we will build on the basic valuation tools from week one to start making capital budgeting decisions. Our capital budgeting review covers the basic tools like Net Present Value, Internal Rate of Return, Payback period, and return on capital. Our discussion of the relative advantages of each different tool leads us into sensitivity analysis and the advantages of spreadsheet modeling.

What's included

11 videos1 reading2 quizzes

Welcome back to Finance for Non-Finance Professionals! In our third week together, we will go on a treasure hunt through the financial statements. Using discounted cash flows as our motivation, we search through the income statement and balance sheet for all the uses and sources of cash. Our search leads us to our primary measure of value creation: Free Cash Flow. Free cash flow will form the basis of most financial analysis and this module gives us a roadmap for estimating and forecasting cash creation within any organization.

What's included

10 videos1 reading2 quizzes

Welcome back everyone! In our final week together in this course, we switch gears and take an external view of the firm from a Wall Street, or capital markets, perspective. We think about the basic tradeoff between risk and return, how to measure risk, and how to put a risk premium on different kinds of investments. We then take our analysis of risk and return and use it to estimate a firm's cost of capital. Finally, we circle back to free cash flows, capital budgeting and valuation to tie together all four weeks and get ready for our capstone case analysis.

What's included

10 videos2 readings2 quizzes

In this final part of the course we bring all of our analysis to bear on a realistic case study. We will evaluate the investment prospects of Sunrise Bakery. As their CFO considers a large capital expenditure, she needs to think about the tradeoff between spending money today and generating more free cash flow in the future. Our job in this case is to forecast the amount of cash generation the new equipment will produce, discount the cash flows, and use all of our capital budgeting tools to make a sound financial recommendation.

What's included

1 video3 readings2 quizzes

Instructor

Instructor ratings
4.8 (583 ratings)
James Weston
Rice University
10 Courses192,073 learners

Offered by

Rice University

Recommended if you're interested in Finance

Why people choose Coursera for their career

Felipe M.
Learner since 2018
"To be able to take courses at my own pace and rhythm has been an amazing experience. I can learn whenever it fits my schedule and mood."
Jennifer J.
Learner since 2020
"I directly applied the concepts and skills I learned from my courses to an exciting new project at work."
Larry W.
Learner since 2021
"When I need courses on topics that my university doesn't offer, Coursera is one of the best places to go."
Chaitanya A.
"Learning isn't just about being better at your job: it's so much more than that. Coursera allows me to learn without limits."

Learner reviews

Showing 3 of 2640

4.8

2,640 reviews

  • 5 stars

    82.09%

  • 4 stars

    15.44%

  • 3 stars

    1.40%

  • 2 stars

    0.34%

  • 1 star

    0.71%

RM
5

Reviewed on Aug 16, 2020

CI
5

Reviewed on May 22, 2023

SC
5

Reviewed on Mar 25, 2018

New to Finance? Start here.

Placeholder

Open new doors with Coursera Plus

Unlimited access to 7,000+ world-class courses, hands-on projects, and job-ready certificate programs - all included in your subscription

Advance your career with an online degree

Earn a degree from world-class universities - 100% online

Join over 3,400 global companies that choose Coursera for Business

Upskill your employees to excel in the digital economy

Frequently asked questions