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#### English

Subtitles: English, Korean

### Skills you will gain

Discounted Cash FlowDecision-MakingCorporate FinanceCash Flow Analysis

#### 100% online

Start instantly and learn at your own schedule.

#### English

Subtitles: English, Korean

### Syllabus - What you will learn from this course

Week
1
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!

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4 videos (Total 41 min), 6 readings, 4 quizzes
4 videos
Compounding7m
Useful Shortcuts13m
Taxes8m
Syllabus20m
Big Picture Course Motivation15m
Time Value of Money Overview15m
Lecture Slides10m
4 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
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.

...
4 videos (Total 49 min), 1 reading, 2 quizzes
4 videos
APR and EAR13m
Term Structure15m
Discounted Cash Flow: Decision Making9m
Lecture Slides10m
2 practice exercises
Problem Set 6: Interest Rates: APR and EAR1h
Problem Set 7: Interest Rates: Term Structure1h
Week
3
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.

...
3 videos (Total 50 min), 2 readings, 1 quiz
3 videos
Forecast Drivers15m
Forecasting Free Cash Flow21m
Lecture Slides10m
1 practice exercise
Problem Set 9: DCF: Free Cash Flow1h
Week
4
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.

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3 videos (Total 48 min), 1 reading, 1 quiz
3 videos
Sensitivity Analysis20m
Return on Investment17m
Lecture Slides10m
1 practice exercise
Problem Set 14: Return on Investment1h
4.6
532 Reviews

## 33%

started a new career after completing these courses

## 30%

got a tangible career benefit from this course

### Top reviews from Introduction to Corporate Finance

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

### Michael R Roberts

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

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. ...