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所在平台: Coursera |
课程主页: https://www.coursera.org/learn/finance-for-non-finance
课程评论：没有评论
课程名称：非金融专业人士的金融课程 课程概述：本短期课程涵盖了完整MBA级别金融课程中的所有主要主题，以更直观的方式，从高层次的概念出发。目标是为您提供金融专业人士在决策时的路线图和框架。我们将学习财务估值的基础知识，时间价值、复利返回和未来现金流的折现。您将理解贴现现金流（DCF）估值及其与其他方法的比较。我们还将深入探讨企业财务经理的决策过程，掌握资本预算的基本工具，了解何时、如何以及在哪里花费资金，进行投资和增长、股息的权衡，以及如何确保财务纪律的合理性。随后，我们将从华尔街或资本市场的角度讨论投资，分析风险与收益之间的基本权衡，并将风险与估值框架整合，应用到实践中。 该课程不要求具有金融背景，而是旨在为任何希望了解股票市场、估值或公司财务的人提供第一步的引导。我们将共同学习所有的工具和定量分析，并开发理解金融专业人士看似复杂的决策的指南。 课程结束时，您将理解影响财务决策的主要概念杠杆及其与其他业务领域的关系。课程还将成为您进一步深造金融教育的指南，非常适合考虑攻读MBA或金融专业但背景较少的学生。 课程大纲： 1. 财务估值基本原则与折现 - 介绍关于财务估值的基础知识、复利和折现率的应用等内容。 2.如何花钱（资本预算工具） - 基于第一周的基础知识，开始资本预算决策；学习净现值、内部收益率等工具。 3. 现金创造与流量测量 - 探索财务报表，利用贴现现金流寻找现金的来源与用途，重点关注自由现金流。 4. 资金的成本评估 - 从资本市场的视角探讨风险与收益的权衡，评估不同投资的风险溢价，并计算公司的资本成本。 5. 综合案例：从主街到华尔街 - 通过对Sunrise Bakery投资前景的实际案例分析，综合运用本课程所学工具，为其财务决策提供建议。
Name:Course Overview and Basic Principles of Financial Valuation Discounting
Description: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.
Name:How to Spend Money (Capital Budgeting tools)
Description: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.
Name:Measuring Cash Creation and Flow
Description: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.
Name:How Much Does Money Cost? Evaluating the Cost of Capital
Description: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.
Name:Capstone Case: Putting it All Back Together from Main Street to Wall Street
Description:In this final part of the course we bring all of our analysis to bear on a realistic case study. We will evaluate the investment prospects of Sunrise Bakery. As their CFO considers a large capital expenditure, she needs to think about the tradeoff between spending money today and generating more free cash flow in the future. Our job in this case is to forecast the amount of cash generation the new equipment will produce, discount the cash flows, and use all of our capital budgeting tools to make a sound financial recommendation.
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.
