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所在平台: Udemy |
课程主页: https://www.udemy.com/course/corporate-finance-11-capital-budgeting/
课程评论：没有评论
本课程是Coursera上的“公司金融#11：资本预算”课程的中文内容总结。 **课程概述：** 本课程将从公司金融的角度，教授如何做出资本预算决策。课程将包含大量实例，形式包括演示和Excel工作表问题。Excel工作表演示将提供可下载的Excel工作簿，其中至少包含两个标签页：一个用于展示答案，另一个提供预先格式化的工作表，学员可以跟随教学视频逐步完成。 资本预算决策涉及对项目和未来现金流的规划，这些现金流的持续时间通常超过一年。一个典型的资本预算决策例子是购买大型设备，该决策将影响未来多年的现金流。 资本预算决策的常见模式包括在第0期发生现金流出，然后在未来多年产生现金流入（或因效率提升而减少现金流出）。 由于资本预算决策会影响多年期的现金流，因此会运用货币时间价值的概念，包括单笔现值计算和年金现值计算。 资本预算决策的主要工具是净现值（NPV）和内部收益率（IRR）。这两种工具都利用了货币时间价值的概念，课程将对此进行深入讲解。 此外，课程还将讨论回收期（Payback Period）和修正内部收益率（MIRR）。
This course will show how to make capital budgeting decisions from a corporate finance perspective.We will include many example problems, both in the format of presentations and Excel worksheet problems. The Excel worksheet presentations will include a downloadable Excel workbook with at least two tabs, one with the answer, the second with a preformatted worksheet that can be completed in a step-by-step process along with the instructional videos.Capital budgeting decisions involve planning for projects and future cash flows extending more then one year into the future. The common example of a capital budgeting decision is the decision to purchase a large piece of equipment that will impact future cash flow for multiple years.The typical format of a capital budgeting decision often includes a cash out flow a time period zero, resulting in cash inflows, or reduced outflows due to increase efficiencies, over multiple years.Because capital budgeting decisions impact cash flows for multiple years, time value of money concepts are used, including present value of one calculations and present value of annuity calculations.The primary tools used in capital budgeting decisions are the net present value calculation (NPV) and the internal rate of return calculation (IRR). Both of these tools utilize time value of money concepts, and we will spend a lot of time with them.We will also discuss the payback period calculation and the modified internal rate of return or (MIRR).
