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所在平台: Coursera |
课程主页: https://www.coursera.org/learn/corporate-finance-know-your-numbers-2
课程评论：没有评论
课程名称：公司财务：了解你的数字2 课程概述：每位经理都必须具备财务管理的基础知识。本课程将为您从财务管理的角度准备负责任和可持续的领导力。通过结构化学习活动（视频讲座、小测验、讨论提示和书面评估），您将学习有效财务管理的关键方面，重点关注：组织财务健康的评估、未来财务表现的规划、经营的融资以及评估商业和投资机会。本课程将强调良好的财务管理对您和您的组织在现实世界中取得成功的重要性。 课程大纲： 1. **财务管理决策**：第一周，我们有三个主要目标。首先，回顾管理层和所有者在资本分配时所做的主要决策类型；其次，讨论将股东视角引入这些决策的重要性；最后，介绍商业生命周期和不同所有权模型（如风险投资、私募股权和上市公司）的关键术语。 2. **货币时间价值与折现现金流分析**：本周将讨论货币的时间价值，学习如何对当前货币和未来特定时间的货币之间的差异进行定量分析。我们将学习简单和复利、货币的现值与未来值、年金和永续年金。这一知识将帮助您在投资决策中更加自信，并更好地理解金融运作。 3. **金融证券估值**：本周将运用利率知识解决实际问题，学习如何估算企业的价值和资本预算技术，以智能地决策应追求哪些项目。学习方法包括净现值、内部收益率、回收期以及资金倍数法，并简要讨论资本资产定价模型（CAPM）。 4. **企业价值估算**：在第四周，我们将扩展课程中开发的估值工具，以评估一系列新的商业投资机会。我们将使用传统的运营自由现金流/加权平均资本成本模型和残余收益模型评估现有企业的价值，并分析投资的风险特征。 5. **金融估值工具的应用**：本周，我们将应用课程中开发的估值工具来提升现有企业的表现，回顾NPV规则并考虑各项目对整个企业价值的影响，同时引入一系列绩效测量工具。 6. **汇总整合 - 应用金融估值技术**：本周主要是复习，重点是将理论应用于一个虚构的在线企业示例，覆盖一些较难的技术，包括年金、永续年金、净现值及如何将利润转换为现金流。 本课程旨在为管理人员提供必要的财务知识，以提升企业的决策能力和财务表现。
Name:Financial management decisions
Description:In Week 1 we have three main objectives. Firstly, we review the main types of decisions made when management and owners allocate capital within a business. Secondly, we will discuss why it is important to bring the shareholder perspective to these decisions. Thirdly, to introduce key terminology around the business life cycle and different types of ownership models, including venture capital, private equity and listed companies.
Name:Time value of money and discounted cash flow analysis
Description:This week we will consider the time value of money. We will learn how to put a numerical value on the difference between money today and money at a specific time in the future. We will look at simple and compound interest, present and future value of money, annuities and perpetuities. Understanding the time value of money will help us to make investment decisions or, as corporate finance managers, decisions about whether to buy or sell an entire business or to invest in an advertising campaign. It’s an important skill and will require you to work through financial models that involve some equations and numbers. Knowledge of the time value of money will make you more confident dealing with financial transactions and better understand how the world of finance operates.
Name:Valuation of financial securities
Description:This week we will consider applying our knowledge of interest rates to some real world problems. We will learn how to estimate the value of an enterprise. We will learn about capital budgeting techniques to help us decide intelligently which projects that are available to a business should be pursued.The techniques we will learn include Net Present Value, Internal Rate of Return, Pay Back Period, and the Money Multiple Method. We will also discuss briefly the capital asset pricing model, or CAPM, which enables us to estimate the cost of capital for a business, which is the return demanded by the providers of the capital, that is, the investors.
Name:Estimating enterprise value
Description:In week 4 we extend the valuation tools developed in the course so far to evaluate a series of new business investment opportunities. We will start off by considering the value of an existing, established business. We have already seen how we can use the traditional Operating Free Cash Flow (OFCF)/Weighted Average Cost of Capital (WACC) model to estimate the Enterprise value of a business. We will now use an alternate model, the Residual Income model, for the same purpose. Once we are comfortable with the various different business valuation models, we will turn our attention to an assessment of the risk profile of the investment. We will firstly differentiate between the risks that are being allowed for in the discount rate, or “systematic risks”, and those that are specific to the project being considered, or “idiosyncratic risks”. Towards the end, we will look at tools that help assess the idiosyncratic risk of the investment.
Name:Application of financial valuation tools
Description:This week, we will apply the valuation tools we have developed in the course so far to improve our existing business. We start by revisiting the NPV rule for individual project investment decisions, and then extend that to think about how individual projects impact value at the Enterprise level. We then consider a range of specific applications for our project evaluation tools, including capital rationing, asset replacement, and outsourcing decisions. After this we will turn our attention to the question of how well our existing businesses are performing. We will start by introducing a range of performance measurement tools. This will help us to develop a framework for both recognising how well we are currently performing, and selecting from a series of deliberate choices to improve that performance.
Name:Putting it all together - Applying financial valuation techniques
Description:This week is all about revision. There’s not much new content. We’ll focus on applying the theories to a small example, an imaginary online business, and cover some of the more difficult techniques including annuities, perpetuities, Net Present Value, and how to turn profits into cash flows.
Every manager must have a foundational understanding of financial management. This course will prepare you for responsible and sustainable leadership from a financial management perspective. Via structured learning activities (video lectures, quizzes, discussion prompts and written assessments) you’ll learn the key aspects of effective financial management by focusing on: the assessment of an organisation’s financial health; planning future financial performance; financing of operations; and evaluating business and investment opportunities for the organisation. This course will emphasise how crucial sound financial management is for you and your organisation to be successful in the real-world.
