Introduction to Corporate Finance

4.6
2,197 ratings
425 reviews

Course 4 of 6 in the Business Foundations Specialization

This course provides a brief introduction to the fundamentals of finance, emphasizing their application to a wide variety of real-world situations spanning personal finance, corporate decision-making, and financial intermediation. Key concepts and applications include: time value of money, risk-return tradeoff, cost of capital, interest rates, retirement savings, mortgage financing, auto leasing, capital budgeting, asset valuation, discounted cash flow (DCF) analysis, net present value, internal rate of return, hurdle rate, payback period.
Globe

100% 在线课程

立即开始,按照自己的计划学习。
Clock

完成时间大约为9 小时

建议:4 weeks of study, 4-7 hours/week
Comment Dots

English

字幕:English, Korean

您将获得的技能

Corporate FinanceDecision-MakingCash Flow AnalysisFinance
Globe

100% 在线课程

立即开始,按照自己的计划学习。
Clock

完成时间大约为9 小时

建议:4 weeks of study, 4-7 hours/week
Comment Dots

English

字幕:English, Korean

Syllabus - What you will learn from this course

1

Section
Clock
2 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
Syllabus10m
Big Picture Course Motivation10m
Time Value of Money Overview10m
Quiz Problem Answer Input10m
Lecture Slides10m
Finance Matters: additional information about the field of Finance10m
Quiz4 practice exercises
Problem Set 1: TVM: Intuition Discounting10m
Problem Set 2: TVM: Compounding10m
Problem Set 3: TVM: Useful Shortcuts8m
Problem Set 4: TVM: Useful Shortcuts10m

2

Section
Clock
1 hour 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 readings
Lecture Slides10m
Quiz2 practice exercises
Problem Set 6: Interest Rates: APR and EAR8m
Problem Set 7: Interest Rates: Term Structure8m

3

Section
Clock
1 hour 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 exercises
Problem Set 9: DCF: Free Cash Flow8m

4

Section
Clock
1 hour 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 readings
Lecture Slides10m
Quiz1 practice exercises
Problem Set 14: Return on Investment8m
4.6
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39%

started a new career after completing these courses
Briefcase

83%

got a tangible career benefit from this course

Top Reviews

By AJDec 11th 2015

Very nicely explains about the corporate finance terms...The way Prof. Roberts explains makes it so simple to understand!! I feel very satisfied to have taken this course!! All the best!!

By LTAug 22nd 2017

This was probably the best-structured class I have taken on Coursera. The Professor is very good at explaining the material in a detailed way, using the short amount of time he is given.

Instructor

Avatar

Michael R Roberts

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

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. ...

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