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所在平台: Coursera |
课程主页: https://www.coursera.org/learn/finance-fundamentals
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课程名称：金融基础 概述：在本课程中，您将学习企业金融的基本概念。该课程由沃顿商学院的杰西卡·瓦赫特教授设计，旨在为需要复习金融概念的学习者或首次接触企业金融的学习者提供帮助。您将识别企业金融的基础概念，如净现值（NPV）、复利与单利、年金与永续年金等。同时，您将学习如何应用NPV框架来计算固定收益估值和股权估值，使用假设的企业项目示例。课程结束时，您将提升计算风险和回报的技能，以优化投资，并能够评估适当的财务信息，以实现更好的回报。 课程大纲： - 模块1 - 引言与净现值（NPV） 该模块旨在为您提供企业金融和净现值（NPV）的基础知识。您将识别现值和NPV的定义、计算方法及其运作原理。学习分离定理、企业与个人在NPV计算中遵循的相同规则、合理假设等关键概念，并比较复利与单利，定义年金与永续年金等重要概念，以及分析年利率（APR）与有效年利率（EAR）。结束时，您将更好地理解企业金融的基本概念及影响企业决策的关键因素。 - 模块2 - 固定收益估值 本模块将研究固定收益估值，并深入探讨收益曲线。您将能够识别零息债券及其回报，并讨论到期收益率与持有期间收益率的差异，评估投资及其 ROI 意义。通过分析收益曲线，您将评估未来在不同时间收回资金的机会成本，并准确评估投资价值。结束时，您能描述债券及零息债券的定义，计算其回报，并建立收益曲线来更好地评估投资价值。 - 模块3 - 股权估值 本模块将研究如何使用现值法来确定股票的价值。您将定义股权，并理解固定收益证券（如债券）与股权现金流之间的重要区别。您将发现通过现金流对股权进行估值的标准方法，以及如何利用倍数（如市盈率）来对股权进行估值。课程结束时，您将更好地理解股权估值应用的理论基础，并建立确定股息增长的模型。 - 模块4 - NPV与内部收益率（IRR） 本模块旨在展示NPV与内部收益率（IRR）之间的区别。您将首先探索IRR及其与NPV的比较，然后揭穿一些对IRR的常见不切实际的假设。利用假设项目示例，比较NPV与IRR的数值，以及遇到一致与矛盾时应如何处理。结束时，您将更好地理解NPV与IRR之间的区别，并能在企业决策中做出接受或拒绝的关键判断。 - 模块（可选）- 其他课程主题与资源 本模块包含与金融基础相关的额外课程主题。
Name:Module 1 - Introduction and Net Present Value (NPV)
Description:This module was designed to give you foundational knowledge of corporate finance and the Net Present Value (NPV). You’ll identify the definition of both Present Value and NPV, why it works, and how to calculate the NPV. You’ll learn key concepts such as Separation Theorem, whether corporations should follow the same rules of NPV as individuals, and what are reasonable assumptions to make when calculating NPV. You’ll compare Compound versus Simple Interest, define important concepts such as Annuities and Perpetuities, and analyze Annual Percentage Rate (APR) and Effective Annual Interest Rate (EAR). By the end of this module, you’ll gain a better understanding of the fundamental concepts in corporate finance as well as broader knowledge regarding the factors that go into a firm’s most critical decision-making.
Name:Module 2 - Fixed Income Valuation
Description:In this module, you’ll examine fixed income valuation and delve deeper into the yield curve. Using the basic definition of bonds, you’ll be able to identify zero coupon bonds and calculate the return on those bonds. You’ll also discuss the differences between Yield to Maturity and Holding Period Returns, evaluate your investments, and be able to answer the question: “What does return on investment mean?” Through analyzing the Yield Curve, you’ll assess the opportunity cost of receiving money at various events in the future and accurately value investments. By the end of this module, you’ll be able to describe what a bond and zero coupon bond is, calculate the return on those bonds, and calculate a Yield Curve to better assess the value of your investments.
Name:Module 3 - Equity Valuation
Description:In this module, you’ll examine how to determine the value of stocks using present value methods. You’ll define what Equity is and develop an understanding of the important difference between fixed-income securities, such as bonds, and equity cash flows. You’ll discover the standard approach in valuing equity through its cash flow and how the principle of using multiples (such as price-earnings ratio) to value equity all comes from valuing equity as a stream of cash flows. By the end of this module, you’ll gain a better understanding of the theoretical basis behind applications of equity valuation and create models that determine dividend growth.
Name:Module 4 - NPV vs. Internal Rate of Return
Description:This module was designed to show you the difference between NPV and Internal Rate of Return (IRR). You’ll first explore both Internal Rate of Return and how it compares to the NPV, then debunk some of the common assumptions about IRR that may seem unrealistic when examined closely. Using hypothetical examples of projects, you’ll compare the values of NPV and IRR and what to do when they agree or disagree with each other. By the end of this module, you’ll gain a better understanding of the difference between NPV and IRR, plus be able to determine when to make the critical call on which value to accept or reject when making important decisions within your firm.
Name:(Optional) Additional Course Topics and Resources
Description:This module contains additional course topics related to the fundamentals of finance
In this course, you’ll learn the basic fundamentals of corporate finance. Based on the pre-term qualifying courses for Wharton MBA students, Professor Jessica Wachter has designed this course for learners who need a refresher in financial concepts, or for those who are learning about corporate finance for the first time. You’ll identify foundational concepts in corporate finance, such as NPV, Compound and Simple Interest, and Annuities versus Perpetuities. You’ll also learn how to apply the NPV framework to calculating fixed-income valuation and Equity, using hypothetical examples of corporate projects. By the end of this course, you’ll have honed your skills in calculating risk and returns to optimize investments, and be able to assess the right set of financial information to achieve better returns for your firm.
