Finance for Non-Finance Professionals
Rice University
Informações sobre o curso
4.8
345 classificações
This short course surveys all the major topics covered in a full semester MBA level finance course, but with a more intuitive approach on a very high conceptual level. The goal here is give you a roadmap and framework for how financial professional make decisions.
We will cover the basics of financial valuation, the time value of money, compounding returns, and discounting the future. You will understand discounted cash flow (DCF) valuation and how it compares to other methods. We also step inside the mind of a corporate financial manager and develop the basic tools of capital budgeting. We will survey the how, when, and where to spend money, make tradeoffs about investment, growth, dividends, and how to ensure sound fiscal discipline. Our journey then turns to a Wall Street or capital markets perspective of investments as we discuss the fundamental tradeoff between risk and return. We then synthesize our discussion of risk with our valuation framework and incorporate it into series of direct applications to practice.
This course requires no prior familiarity with finance. Rather, it is intended to be a first step for anyone who is curious about understanding stock markets, valuation, or corporate finance. We will walk through all of the tools and quantitative analysis together and develop a guide for understanding the seemingly complex decisions that finance professionals make.
By the end of the course, you will develop an understanding of the major conceptual levers that push and pull on financial decision making and how they relate to other areas of business. The course should also serve as a roadmap for where to further your finance education and it would be an excellent introduction of any students contemplating an MBA or Finance concentration, but who has little background in the area.
Habilidades que você terá
Financial AccountingCapital BudgetingCorporate FinanceFinance
Programa - O que você aprenderá com este curso
Week
1Course Overview and Basic Principles of Financial Valuation Discounting
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.
15 vídeos (Total de 101 min), 3 leituras, 2 testes
15 videos
Course Trailer2min
Course Overview & Demonstration1min
Week 1 Overview1min
Human Nature and the Time Value of Money7min
Compounding and Earning Returns Over Time11min
Basic Principals of Valuation and Discounting4min
Discounting Future Cash Back to the Present12min
Discounted Cash Flow (DCF) as the Basis for All Valuation6min
DCF Practical Example11min
Valuation by Comparables8min
Examples and Applications: Bonds8min
Examples and Applications: Mortgages5min
Examples and Applications: Annuities8min
Examples and Applications: Capstone Example5min
Conversations with a Practitioner4min
3 leituras
General Course Information10min
Discussion Forum Guidelines10min
Pre-Course Survey10min
2 exercícios práticos
Homework Assignment30min
Week 1 Quiz30min
Week
2How to Spend Money (Capital Budgeting tools)
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.
11 vídeos (Total de 72 min), 1 leitura, 2 testes
11 videos
Overview of the Capital Budgeting Process5min
Net Present Value (NPV)7min
Payback Period7min
Accounting Ratios7min
Internal Rate of Return (IRR)8min
Wrinkles with IRR8min
Using All the Metrics Together4min
Sensitivity Analysis7min
Spreadsheet Modeling9min
Conversations with a Practitioner5min
1 leituras
Real World Application: A Refresher on Net Present Value10min
2 exercícios práticos
Homework Assignment30min
Week 2 Quiz30min
Week
3Measuring Cash Creation and Flow
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.
10 vídeos (Total de 60 min), 1 leitura, 2 testes
10 videos
Week 3 Overview1min
Brief Overview of the Financial Statements8min
Hunting for Cash Creation5min
Working Capital Adjustments8min
Depreciation and Capital Expenditures5min
Salvage and Terminal Values7min
Taxes3min
Calculating Free Cash Flow7min
Using Capital Budgeting Tools8min
Conversations with a Practitioner4min
1 leituras
Real World Application: Obama Administration Releases Report Outlining Benefits of Expensing Proposal in Encouraging Business Expansion, Hiring Now10min
2 exercícios práticos
Homework Assignment35min
Week 3 Quiz35min
Week
4How Much Does Money Cost? Evaluating the Cost of Capital
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.
10 vídeos (Total de 72 min), 2 leituras, 2 testes
10 videos
Week 4 Overview1min
Debt vs. Equity Financing8min
Risk Free Rate6min
Historical Risk and Return7min
The Equity Risk Premium5min
Beta and the Cost of Equity10min
Credit Ratings and Quality Spreads5min
Estimating the Cost of Debt6min
Putting it All Together as the WACC (Weighted Average Cost of Capital)12min
Conversations with a Practitioner6min
2 leituras
Real World Application: U.S. oil companies closer to balancing capital investment with operating cash flow10min
Real World Application: Why aren't companies spending?10min
2 exercícios práticos
Homework Assignment (Optional)30min
Week 4 Quiz30min
Instrutores
James Weston
Houston Endowment Professor of FinanceJones Graduate School of Business
Sobre Rice University
Rice University is consistently ranked among the top 20 universities in the U.S. and the top 100 in the world. Rice has highly respected schools of Architecture, Business, Continuing Studies, Engineering, Humanities, Music, Natural Sciences and Social Sciences and is home to the Baker Institute for Public Policy.
Perguntas Frequentes – FAQ
When will I have access to the lectures and assignments?
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.
What will I get if I purchase the Certificate?
When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, 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.
What is the refund policy?
Is financial aid available?
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