课程信息
4.6
895 个评分
119 个审阅
专项课程

第 4 门课程(共 5 门)

100% 在线

100% 在线

立即开始,按照自己的计划学习。
可灵活调整截止日期

可灵活调整截止日期

根据您的日程表重置截止日期。
完成时间(小时)

完成时间大约为9 小时

建议:4 weeks of study, 1-3 hours/week...
可选语言

英语(English)

字幕:英语(English)

您将获得的技能

Cash FlowFinancial StatementBalance SheetInvestment
专项课程

第 4 门课程(共 5 门)

100% 在线

100% 在线

立即开始,按照自己的计划学习。
可灵活调整截止日期

可灵活调整截止日期

根据您的日程表重置截止日期。
完成时间(小时)

完成时间大约为9 小时

建议:4 weeks of study, 1-3 hours/week...
可选语言

英语(English)

字幕:英语(English)

教学大纲 - 您将从这门课程中学到什么

1
完成时间(小时)
完成时间为 2 小时

Evaluation Criteria: Net Present Value

This module was designed to introduce you to the many potential criteria for selecting investment projects, and to explore the most effective of these criteria: Net Present Value (NPV). Through the use of concrete examples, you'll learn the key components of Net Present Value, including the time value of money and the cost of capital, the main utility of NPV, and why it is ultimately more accurate and useful for evaluating projects than other commonly used criteria. By the end of this module, you'll be able to explain why net present value analysis is the appropriate criteria for choosing whether to accept or reject a project, and why other criteria, such as IRR, payback, ROI, etc. may not lead to decisions which maximize value....
Reading
6 个视频 (总计 73 分钟), 2 个阅读材料, 1 个测验
Video6 个视频
1.1 Introduction: Criteria for Evaluating Projects6分钟
1.2 Time Value of Money19分钟
1.3 NPV Analysis of Projects16分钟
1.4 Other Evaluation Techniques15分钟
1.5 The Cost of Capital10分钟
Reading2 个阅读材料
PDFs of Lecture Slides10分钟
Excel Spreadsheets: Module 110分钟
Quiz1 个练习
Evaluation Criteria: Module 1 Quiz20分钟
2
完成时间(小时)
完成时间为 2 小时

Evaluating Projects

In this module, you'll learn how to evaluate a project with emphasis on analyzing the incremental after-tax cash flows associated with the project. You'll work through a concrete example using alternative scenarios to test the effectiveness of this method. You'll also learn why only future cash flows are relevant, why to ignore financial costs, include all incidental effects, remember working capital requirements, consider the effect of taxes, forget sunk costs, remember opportunity costs, use expected cash flows, and perform sensitivity analysis. By the end of this module, you'll be able to evaluate projects more thoroughly and effectively, with emphasis on how to model the change in the company’s after-tax cash flows, so that you can make more profitable decisions....
Reading
5 个视频 (总计 63 分钟), 1 个阅读材料, 1 个测验
Video5 个视频
2.2 Analyzing Incremental After-Tax Flows - Operating Phase12分钟
2.3 Analyzing Incremental After-Tax Flows - Terminal Phase6分钟
2.4 Example: New Production Machine12分钟
2.5 Key Considerations in Evaluations19分钟
Reading1 个阅读材料
PDFs of Lecture Slides10分钟
Quiz1 个练习
How to Evaluate Projects: Module 2 Quiz22分钟
3
完成时间(小时)
完成时间为 1 小时

Expressing Business Strategies in Financial Terms

This module was designed to give you the opportunity to learn how business activities, transactions and events are translated into financial statements, including balance sheets, income statements, and cash flow statements. You'll also learn how these three statements are linked to each other, and how balance sheets and income statements can help forecast the future cash flow statements. By the end of this module, you'll be able to explain how accounting systems translate business activities into financial terms, and how to use this to better forecast future cash flows, so that you can express your business strategies in these financial terms, and show "the bottom line" for your proposed plan of action....
Reading
3 个视频 (总计 52 分钟), 1 个阅读材料, 1 个测验
Video3 个视频
3.2 Balance Sheets and Income Statements15分钟
3.3 Cash Flow Statements17分钟
Reading1 个阅读材料
PDFs of Lecture Slides10分钟
Quiz1 个练习
Financial Statements and Forecasting: Module 3 Quiz20分钟
4
完成时间(小时)
完成时间为 2 小时

New Product Value

In this module, you'll apply what you’ve been learning to an analysis of a new product venture. You’ll learn how to map out a plan of the business activities, transactions and events that need to happen to implement the new venture, including their timing. You'll also learn how to set up a spreadsheet to help with forecasts, and to re-calculate things automatically as we re-think our plans. You'll see how to forecast out the implied financial statements, and calculate the Net Present Value (NPV). By the end of this module, you'll be able to use spreadsheets to explore different risks a venture may face, and analyze the implications of these scenarios for NPV, so that you can make the most profitable, data-driven decision possible....
Reading
6 个视频 (总计 51 分钟), 2 个阅读材料, 1 个测验
Video6 个视频
4.2 Forecasting Future Cash Flows11分钟
4.3 NPV and IRR Calculations5分钟
4.4 Formulation and Evaluation of Alternative Scenarios15分钟
4.5 Expanding Beyond the Time Horizon9分钟
Course Conclusion28s
Reading2 个阅读材料
PDFs of Lecture Slides10分钟
Excel Spreadsheets: Module 410分钟
Quiz1 个练习
Calculating Value: Module 4 Quiz20分钟
4.6
119 个审阅Chevron Right
职业方向

17%

完成这些课程后已开始新的职业生涯
工作福利

20%

通过此课程获得实实在在的工作福利
职业晋升

20%

加薪或升职

热门审阅

创建者 SRApr 23rd 2017

The course material and examples are very useful. I really like the CF spreadsheet at the end of week 4 as this is very organized CF model and I can use this as reference to build my own. Thank you!

创建者 ASJun 6th 2018

Thank you for the wonderful course. It gave us substantial information to evaluate a project based on NPV and IRR. The sensitivity analyses and the consequent scenarios were spelt out lucidly.

讲师

Avatar

Richard Lambert

Professor of Accounting
Accounting- Wharton School
Avatar

Robert W. Holthausen

Professor
Accounting

关于 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. ...

关于 Business and Financial Modeling 专项课程

Wharton's Business and Financial Modeling Specialization is designed to help you make informed business and financial decisions. These foundational courses will introduce you to spreadsheet models, modeling techniques, and common applications for investment analysis, company valuation, forecasting, and more. When you complete the Specialization, you'll be ready to use your own data to describe realities, build scenarios, and predict performance....
Business and Financial Modeling

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