We've come to the end of this first course on the language and tools of financial analysis. The accountant signs off. What we've done in this course, through four modules, is provide you with an understanding of financial statements. We've set the analyst to work computing ratios, multiples, on the basis of those financial statements. Then we've explained some of the limitations, the warnings in using accounting information. And we've extended the analysis by looking forward by using discounted cash flow analysis to compute simple net present values for project or firm valuation. That should set you up to engage meaningfully in discussions about corporate financial analysis. But, before you do, let's just quickly go over the principles, the core messages for corporate financial analysts. The financial statements disclose short-term and long-term financial health of the firm. That allows the accountant to then assess financial health over time and against the firms competitors. That then in turn will provide an anchor for financial analysts and for the CFOs working for the firm to plan for the future to invest in the shares of the firm, to invest in new projects, adding shareholder wealth. They do that using discounted cash flow methodology, complemented where necessary by multiples analysis. But be aware of the limitations and the risks. >> Exactly, Paul. Hi, I'm Sean Pinder. I'll be taking the third course in the finance specialisation, Corporate Financial Decision Making for Value Creation. And within that course, we're going to be building upon the financial tools you have established over the last four modules with Paul. We're going to use those tools in an applied setting to solve some quite complex questions. Questions such as, should a firm take over another firm? Should a firm restructure? How much debt should the firm take on? Some really quite interesting questions that are important to companies in broad financial markets today. I look forward to seeing you then. >> Thanks Sean, that sounds interesting. But before we go there, it might be useful to take a closer look at markets. The markets that the corporation uses to attract debt, to issue its shares, to manage its risks. So market values, as we've discovered, are somehow more preferable than book values. Now why is that? So what do the markets reveal that the accountants can't uncover from an inspection of the corporation's accounts. We need to take a closer look at the key global financial markets that corporations use. We need to identify their role. We need to see how they operate in practice, and we need to introduce the key players. How and why are they regulated? All of that from a corporation's perspective. I hope to see you in the second course.