About this Course
4.6
2,513 ratings
469 reviews
Specialization
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Hours to complete

Approx. 10 hours to complete

Suggested: 4 weeks of study, 3-5 hours/week...
Available languages

English

Subtitles: English, Korean...

Skills you will gain

Discounted Cash FlowDecision-MakingCorporate FinanceCash Flow Analysis
Specialization
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Hours to complete

Approx. 10 hours to complete

Suggested: 4 weeks of study, 3-5 hours/week...
Available languages

English

Subtitles: English, Korean...

Syllabus - What you will learn from this course

Week
1
Hours to complete
5 hours to complete

Week 1: Time Value of Money

Welcome to Introduction to Corporate Finance! This first module will introduce you to one of the most important foundational concepts in Finance, the time value of money. Before diving into the Video lectures, I encourage you to take a look at the brief pre-reading for the course. Specifically, have a look at “Big Picture Course Motivation,” for additional motivation and context for the course, “Time Value of Money Overview,” for a motivation and context for our first topic, and “Quiz Problem Answer Input.” This last note is particularly important to avoid confusion with the problem sets. Then, go to the Video Lectures and start learning Finance! ...
Reading
4 videos (Total 41 min), 6 readings, 4 quizzes
Video4 videos
Compounding7m
Useful Shortcuts13m
Taxes8m
Reading6 readings
Syllabus20m
Big Picture Course Motivation15m
Time Value of Money Overview15m
Quiz Problem Answer Input10m
Lecture Slides10m
Finance Matters: additional information about the field of Finance10m
Quiz4 practice exercises
Problem Set 1: TVM: Intuition Discounting45m
Problem Set 2: TVM: Compounding45m
Problem Set 3: TVM: Useful Shortcuts45m
Problem Set 4: TVM: Useful Shortcuts45m
Week
2
Hours to complete
3 hours to complete

Week 2: Interest Rates

In this module, we wrap up the Time Value of Money topic with a discussion of inflation before moving on to our second topic, Interest Rates, and introducing our third topic, Discounted Cash Flow Analysis. By the end of this module, you should feel comfortable with discounting and compounding arbitrary cash flow streams in order to value different claims and make better financial decisions. ...
Reading
4 videos (Total 49 min), 1 reading, 2 quizzes
Video4 videos
APR and EAR13m
Term Structure15m
Discounted Cash Flow: Decision Making9m
Reading1 reading
Lecture Slides10m
Quiz2 practice exercises
Problem Set 6: Interest Rates: APR and EARm
Problem Set 7: Interest Rates: Term Structurem
Week
3
Hours to complete
2 hours to complete

Week 3: Discounted Cash Flow Analysis

This module continues our discussion of discounted cash flow analysis by way of a capital budgeting case. (You might want to download or view the Excel file, “Tablet Case Spreadsheet.xlsx,” that I use in the lectures, but it is not necessary for understanding the material.) By the end of this module, you should feel comfortable valuing claims and making financing decisions in which the timing of the cash flows and compounding of interest is arbitrary (e.g., annual, semi-quarterly, monthly, etc.). Having worked through the problems, you should also be more comfortable with real world financial decision making related to retirement savings, home financing and refinancing, auto leases, and other scenarios. ...
Reading
3 videos (Total 50 min), 2 readings, 1 quiz
Video3 videos
Forecast Drivers15m
Forecasting Free Cash Flow21m
Reading2 readings
Lecture Slides10m
Tablet Case Spreadsheet10m
Quiz1 practice exercise
Problem Set 9: DCF: Free Cash Flowm
Week
4
Hours to complete
2 hours to complete

Week 4: Return on Investment

This module closes out our discussion of discounted cash flow analysis and caps off the course with a discussion of return on investment. By the end of this module, you should feel comfortable with the notion of free cash flow and the ability to apply a set of forecast drivers to project free cash flows into the future. These are some of the elements of a basic financial model, which we will use to come to a decision about the tablet project and to analyze the assumptions behind our valuation. ...
Reading
3 videos (Total 48 min), 1 reading, 1 quiz
Video3 videos
Sensitivity Analysis20m
Return on Investment17m
Reading1 reading
Lecture Slides10m
Quiz1 practice exercise
Problem Set 14: Return on Investmentm
4.6
469 ReviewsChevron Right
Career direction

39%

started a new career after completing these courses
Career Benefit

83%

got a tangible career benefit from this course

Top Reviews

By LLOct 22nd 2016

The professor is very patient, he spends a lot of time making sense of the equations and the calculation process, which helps me comprehend the concepts and their application really a lot. Thank you!

By KKJan 4th 2016

Having spent the most of my 20 year career full time in corporate finance i was pleasantly surprised to have new perspectives and takeaway points on key aspects on the subject. Highly recommended

Instructor

Avatar

Michael R Roberts

William H. Lawrence Professor of Finance, the Wharton School, University of Pennsylvania
Finance

About University of Pennsylvania

The University of Pennsylvania (commonly referred to as Penn) is a private university, located in Philadelphia, Pennsylvania, United States. A member of the Ivy League, Penn is the fourth-oldest institution of higher education in the United States, and considers itself to be the first university in the United States with both undergraduate and graduate studies. ...

About the Business Foundations Specialization

In this Specialization, you’ll develop basic literacy in the language of business, which you can use to transition to a new career, start or improve your own small business, or apply to business school to continue your education. In five courses, you’ll learn the fundamentals of marketing, accounting, operations, and finance. In the final Capstone Project, you’ll apply the skills learned by developing a go-to-market strategy to address a real business challenge....
Business Foundations

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.

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