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所在平台: Udemy |
课程主页: https://www.udemy.com/course/mastery-in-investment-appraisal-techniques/
课程评论：没有评论
**课程名称：投资评估技术精通** **课程概述：** 本课程旨在帮助学员全面掌握投资评估的基础知识和核心技术。通过学习，投资者将能够从根本上改变对投资选择的看法，并能为宝贵的资金做出最佳的项目选择。对于学生而言，本课程涵盖了考试中可能出现的所有基本投资评估技术，保证能助您精通投资评估的各项技能，实现最大的投资回报。 **核心掌握技术：** * 传统回报期法 (Payback Period) * 会计收益率/平均收益率 (Accounting Rate of Return / Average Rate of Return - ARR) * 净现值 (Net Present Value - NPV) * 内部收益率 (Internal Rate of Return - IRR) * 折现回报期法 (Discounted Payback Period) **拓展内容：** * 年金与永续年金 (Annuity and Perpetuity) * 非年现金流 (Non-annual cashflows) * 资本配额与盈利能力指数 (Capital rationing and Profitability Index - PI) * 非财务因素 (Non-financial factors) **课程设计特色：** 本课程通过概念解释动画视频、理论讲解讲义、练习题集、答案详解及部分难题的答案解析视频，旨在打造专家级学者。提供超过70道附有答案解析的练习题，所有讲义、题集和答案均提供可下载格式，确保学员最大化学习效果。 **学习路径建议：** 1. 观看概念解释视频。 2. 阅读理论讲解讲义。 3. 尝试相关习题。 4. 对照参考答案，如遇困难，请重新观看视频。 5. 观看答案解析视频（针对精选的挑战性问题）以巩固知识。 6. （附加步骤）观看展示Excel公式在NPV和IRR计算中应用的视频。 **课程内容结构：** * **第一部分：课程介绍** - 课程结构及学习规则说明。 * **第二部分：投资评估导论** - 投资评估的重要性及分类。 * **第三部分：回报期法** - 传统回报期法的重要性、计算方法、涉及多年投资情况及优缺点。 * **第四部分：平均收益率 (ARR)** - ARR的计算公式、计算方法及优缺点。 * **第五部分：货币时间价值** - 货币时间价值的原理、现值计算逻辑、资本成本/折现率含义及处理延期和提前现金流。 * **第六部分：净现值 (NPV)** - NPV的公式计算、现值表计算及优缺点。 * **第七部分：年金与永续年金** - 年金概念、在NPV计算中的应用、延期和提前现金流的年金技术、项目中间期固定现金流的年金技术及永续年金的应用（含延期和提前情况）。 * **第八部分：含非年现金流的NPV** - 年资本成本向非年期转换、月度、季度、双年度现金流的NPV计算及非年现金流的年金技术应用。 * **第九部分：综合NPV计算** - 包含非年现金流、年金技术和无关成本的NPV计算。 * **第十部分：内部收益率 (IRR)** - IRR的简化概念解释、计算方法及优缺点。 * **第十一部分：折现回报期法** - 折现回报期法的计算。 * **第十二部分：资本配额与盈利能力指数 (PI)** - 资本配额概念及假设、PI的计算与项目排序、有限资金的分配。 * **第十三部分：使用Excel公式计算NPV和IRR** - Excel内置NPV和IRR公式的应用。 * **第十四部分：投资评估中的非财务因素** - 影响投资决策的非财务因素及其考量的重要性。
You will learn everything you need to know in investment appraisal fundamentals. As an investor, your perspectives on investment alternatives will radically change after completing this course. You will be able to choose the best projects for your precious funds. As a student, you will get to know all the basic investment appraisal techniques which could appear in your exams. I can assure you that this course will give you the maximum return for your investment on this programme by making you the master in investment appraisal techniques.At the completion of this course, you will be a master in following investment appraisal techniques.Traditional Payback PeriodAccounting Rate of Return / Average Rate of Return (ARR)Net Present Value (NPV)Internal Rate of Return (IRR)Discounted Payback PeriodIn addition to these techniques, you will learn how to incorporate the following aspects in investment appraisals.Annuity and PerpetuityNon-annual cashflowsCapital rationing and Profitability Index (PI)Non-financial factorsDesigned to make you an expertYou will get concept explanation animation videos, theory explanation handouts, question sets, answer keys and answer explanation videos for each topic. There are more than 70 practice questions with answer explanation. All the theory explanation handouts, question sets and answer keys have been given in a downloadable format to make sure you get maximum out of it.If you want to be a master in investment appraisal techniques, you should follow the following steps.Step 01: Watch the concept explanation videoStep 02: Read the theory explanation handoutStep 03: Try the relevant question setStep 04: If you feel comfortable with the questions, check your answers with the recommended answers. If not, go back and watch the video again.Step 05: Watch the answer explanation video to consolidate your knowledge (answer explanation videos have been given for the selected challenging questions only)Bonus step: Watch the videos explaining the application of Excel formulae to calculate NPV and IRR.What you will get in each sectionSection 01: Introduction to the courseThe structure of the course is explained with few ground rules to follow.Section 02: Introduction to investment appraisalImportance of investment appraisalClassification of investment appraisal techniquesSection 03: Payback periodImportance of the traditional payback periodHow to calculate the payback periodHow to calculate the payback period when you have many investments in different yearsPros and cons of payback period methodSection 04: Average Rate of Return / Accounting Rate of Return (ARR)Key equations to calculate the ARRHow to calculate ARRPros and cons of the ARR techniqueSection 05: Time value of moneyWhy money has a time valueThe logic behind calculating the present value from the future valueThe meaning of cost of capital / discount rateHow to tackle the deferred and advanced cashflowsSection 06: Net Present Value (NPV)How to calculate NPV using the formulaHow to calculate NPV using the present value tablePros and cons of NPV methodSection 07: Annuity and PerpetuityThe concept of annuityHow to use annuity techniques in NPV calculationAnnuity techniques for the advanced and deferred cashflowsAnnuity techniques for the constant cashflows in the middle of a projectHow to use perpetuity in NPV calculationPerpetuity techniques for advanced and deferred cashflowsSection 08: NPV with non-annual cashflowsHow to convert the annual cost of capital to a non-annual periodHow to incorporate monthly, quarterly and bi-annum cashflows in NPV calculationsHow to apply annuity techniques for non-annual cashflowsSection 09: A comprehensive NPV calculationAn NPV calculation with non-annual cashflows, annuity techniques and irrelevant costSection 10: Internal Rate of Return (IRR)Simplified explanation on the concept of IRRHow to calculate IRRPros and cons of the IRR techniqueSection 11: Discounted Payback PeriodHow to calculate discounted payback periodSection 12: Capital Rationing and Profitability Index (PI)The concept of capital rationing and the underlying assumptionsCalculating the PI and ranking the projects according to the PIHow to allocated the limited funds among different projectsSection 13: Calculating NPV and IRR using the Excel formulaeHow to calculate NPV using the inbuilt Excel formulaHow to calculate IRR using the inbuilt Excel formulaSection 14: Non-financial factors in investment appraisalThe non-financial factors which could affect our investment decisionsThe importance of considering the non-financial factors when making investment decisions
