About this Course
4.8
713 ratings
162 reviews
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Intermediate Level

Intermediate Level

Hours to complete

Approx. 24 hours to complete

Suggested: It will take between 5-10 hours a week for about six weeks to master the content....
Available languages

English

Subtitles: English, Korean...

Skills you will gain

Valuation (Finance)Microsoft ExcelAccountingCash FlowFinance
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Intermediate Level

Intermediate Level

Hours to complete

Approx. 24 hours to complete

Suggested: It will take between 5-10 hours a week for about six weeks to master the content....
Available languages

English

Subtitles: English, Korean...

Syllabus - What you will learn from this course

Week
1
Hours to complete
2 hours to complete

Overview of Specialization & Course

This module contains detailed videos and syllabi of both the Specialization and this course. This specialization has been designed to enable you to learn and apply the powerful tools of modern finance to both personal and professional situations. The courses within progress linearly and build on each other and it is important for you to get an understanding of why this specialization may be relevant to your goals, again both personal and professional. Please review the videos and syllabi as they will give you a sense of the specialization and how this specific course fits within. The teaching style and philosophy of the instructors is also presented to you (hopefully) in sufficient detail. Most importantly, it will give you enough information for you to make a decision about whether you want to take this course, by itself or as part of a specialization....
Reading
11 videos (Total 62 min), 3 readings
Video11 videos
Specialization: A Collaboration 5m
Specialization: Content and Structure 3m
Specialization: Courses 4m
Specialization: Process 5m
Specialization: Philosophy 6m
Specialization: Prerequisites 3m
Specialization: Assumptions 4m
Specialization: Thank You! 6m
Specialization: Closed Captioning 3m
Welcome to Time Value of Money! 9m
Reading3 readings
Help us learn more about you!10m
Specialization-Syllabus10m
Course1-Syllabus10m
Hours to complete
3 hours to complete

Module 1

In module one, we will introduce the framework of time value of money (TVM) in a carefully structured way, using relatively simple applications. ...
Reading
7 videos (Total 86 min), 3 readings, 2 quizzes
Video7 videos
1.2 Simple Future Value (FV) 14m
1.3 Simple FV... 10m
1.4 Simple FV: Example 19m
1.5 Simple FV: Example 2 5m
1.6 Simple Present Value (PV) 15m
1.7 Recap Module 1 6m
Reading3 readings
Notice for Auditing Learners: Assignment Submission10m
Note-Formulae10m
Note-Spreadsheets10m
Quiz2 practice exercises
Assignment 120m
Assignment 220m
Week
2
Hours to complete
3 hours to complete

Module 2

We will build on Module 1, and move quickly to more advanced applications of TVM focusing on situations we confront on a daily basis....
Reading
10 videos (Total 148 min), 2 quizzes
Video10 videos
2.2 FV of Annuity: Example 1 20m
2.3 FV of Annuity: Example 2 10m
2.4 PV of Annuity: Concept 8m
2.5 PV of Annuity: Examples 17m
2.6 A Loan: The Power of Finance 20m
2.7 Compounding 10m
2.8 Valuing Perpetuities 12m
2.9 Mega Example: Putting it All Together! 15m
2.10 Recap Module 2 18m
Quiz2 practice exercises
Assignment 320m
Assignment 420m
Week
3
Hours to complete
3 hours to complete

Module 3

In this module, we will spend some time on developing an understanding of alternative decision criteria - Net Present Value (NPV), Internal Rate of Return (IRR), Profitability, etc. - that are commonly used in the real world, with a focus on a critical evaluation of their strengths and weaknesses....
Reading
10 videos (Total 148 min), 2 quizzes
Video10 videos
3.2 NPV: Intuition & Beauty 18m
3.3 NPV: Properties & Formula 9m
3.4 Decision Criteria: Payback 15m
3.5 Decision Criteria: IRR 13m
3.6 IRR: Graphical Representation 15m
3.7 IRR: A Practical Issue 11m
3.8 IRR: Bias I 20m
3.9 IRR: Bias II13m
3.10 Recap of Module 3 & Properties of IRR 8m
Quiz2 practice exercises
Assignment 520m
Assignment 620m
Week
4
Hours to complete
2 hours to complete

Module 4

We will wrap up the course by exposing you to the key determinants of cash flows using accounting principles. ...
Reading
6 videos (Total 97 min), 1 reading, 2 quizzes
Video6 videos
4.2 Cash Flows: A Template 16m
4.3 Cash Flows: Capital Items 14m
4.4 Cash Flows: Important Principles I 13m
4.5 Cash Flows: Important Principles II 15m
4.6 Recap Module 4 22m
Reading1 reading
Note-Sample Cash Flow Template10m
Quiz2 practice exercises
Assignment 720m
Assignment 820m
4.8
162 ReviewsChevron Right

Top Reviews

By LLJan 17th 2018

It's super well-crafted and well-prepared. I would highly recommend for those who don't have finance background to take this course as a first step to finance.\n\nThank you very much Professor!

By MBMar 13th 2017

Great course, great professor. This course lays the simple groundwork upon which to build the full discipline of investment underwriting and analysis. Look forward to taking the next courses!

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 Introduction to Finance: Valuation and Investing Specialization

Evaluate risk and reward, assess alternatives, and determine the value of a project or company. This Specialization provides a rigorous introduction to core topics in financial valuation, including time value of money, cash flow analysis, asset pricing, risk and return and alternative valuation methods. In the Capstone Project contained in the final course, you’ll apply your skills to research, analyze, and value a real-world enterprise....
Introduction to Finance: Valuation and Investing

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.

  • You can do this course standalone or as part of the online Specialization or to qualify for the residential component of the Finance for Strategic Decision-Making Executive Education program.

  • The Finance for Strategic Decision-Making Executive Education program is a hybrid learning opportunity consisting of two digital courses in Accounting and Finance and a companion in-person experience working hands-on with the faculty and your classmates with data and real world problems to identify solutions and opportunities. With this new blended learning program, Michigan Ross is the 1st to combine the ease of access via digital learning with a unique, in-person direct application experience, all with the rigor expected from a globally top ranked business school. You will have to earn a verified certificate in the course to be eligible for the face-to-face program at the Ross School of Business. To learn more, visithttp://michiganross.umich.edu/financestrategy.

  • The pricing of the verified certificate is different depending on whether the course is stand alone, as is the case with the Accounting course, or if the course is part of a Specialization, as is the Finance course. All specializations are offered on a monthly subscription model.

  • While the online courses can be taken in any order, generally completion of the Accounting course is recommended before the Finance portion as the application of concepts of Accounting are helpful to completing the Finance course.

  • You will gain:

    -An understanding of the structure of accounting information that is used to make decisions

    -Comfort in using financial statement information to analyze a situation.

    -The ability to synthesize information from various sources to develop a deeper understanding of a situation

    -The skills to analyze financial ratios as well as creating ratios and metric that are custom to the issue you are studying

    -A deep understanding of analytical and financial frameworks to make value-enhancing decisions

    -The ability to conduct detailed and rigorous valuation analyses of both projects and companies

    -Comfort in understanding the financial analyses conducted by colleagues in your organization in proposals and critiques

More questions? Visit the Learner Help Center.