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所在平台: Udemy |
课程主页: https://www.udemy.com/course/the-complete-capital-budgeting-and-modeling-course-for-2020/
课程评论：没有评论
**课程名称：** 资本预算与财务分析 2020 **课程概述：** 本课程旨在教授学员如何对资本支出项目进行决策和分析。资本预算是企业用于评估和选择长期投资项目的关键流程，这些项目通常生命周期超过一年，例如新建工厂、开发新产品、更换设备、优化供应链或进入新市场。 资本预算项目的好坏直接关系到企业的价值创造和成长。本课程将深入讲解公司环境中资本预算项目的评估、分析、估值、审批和实施过程，并展示顶尖公司如何构建资本预算模型。 **课程内容要点：** * **资本预算基础：** 涵盖资本支出项目所需的关键现金流、机会成本、沉没成本、融资成本、加权平均资本成本（WACC）、外部性、独立与互斥项目、残值以及项目排序等重要概念。 * **项目评估标准：** 介绍并分析不同的资本预算项目类别以及 Net Present Value (NPV)、Internal Rate of Return (IRR)、Payback Period (PBP)、Discounted Payback Period 和 Profitability Index (PI) 等评估标准。 * **现金流分析：** 详细讲解资本预算项目估值所需的各类现金流，包括初始投资现金流、税后经营现金流以及税后非经营性终值现金流。 * **模型构建：** 学员将学习如何从零开始构建完整的替换和扩张型资本预算模型，并融入货币时间价值的概念。 * **业务案例：** 课程最后将指导学员完成资本支出项目商业案例的详细构建步骤。 **学习目标：** 通过本课程的学习，学员将能够理解和应用资本预算的理论和实践，掌握评估和选择投资项目的工具和方法，并能构建用于公司决策的资本预算模型。
•Capital budgeting is the process that companies use for decision making on capital expenditure projects. They are those projects with a life span of a year and more. Examples could include: Building a new plant, developing a new product, replacing an old manufacturing machine, modifying a supply chain system and introducing new or existing products in new markets. just to name a few.•A capital budgeting project either creates value or destroys value making it very vital for the growth of any company.•In this course, you are going to learn how a capital budgeting project is evaluated, analyzed, valued, approved and implemented in a corporate environment. We are also going to show you how capital budgeting models are built in top corporations.In the first part of the course, we shall teach you the all abouts of capital budgeting. The cash flows that are important for a CAPEX project.We shall elaborate on important capital budgeting concepts like Opportunity cost, sunk cost, Cost of financing, weighted average cost of capital, Externalities, independent and mutually exclusive projects, salvage Value and project sequencing.You will have the opportunity to understand the different categories of capital budgeting projects that exists, and the criterias such as net present value (NPV), internal rate of return (IRR), payback period (PBP), discounted payback period and profitability index (PI).From here, we shall analyze the different groups of cash flows needed in a capital budgeting project valuation which are the initial outlay cash flow, the after-tax operating cash flow, and the terminal value after tax non-operating cash flow.With a clear understanding of these concepts, we shall build a complete replacement and expansion capital budgeting model from scratch as it is done in the top corporations.We shall also imcorporate a complete understanding of the time value of money into our analysis.To conclude you shall learn the detail steps to build a business case of a CAPEX PROJECT.
