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所在平台: Udemy |
课程主页: https://www.udemy.com/course/time-value-of-money-v/
课程评论：没有评论
这门 Coursera 课程《金钱的时间价值与资本预算技术》提供了对金融基础和资本预算的详细知识。课程通过简单的图解视频讲座，深入浅出地讲解了金钱的时间价值的概念及其应用，并详细阐述了通货膨胀和购买力在衡量金钱时间价值方面的重要作用。 课程内容分为以下几个部分： * **金钱的时间价值基础**：介绍概念的含义和意义，并通过实例进行说明。 * **金钱的时间价值的应用**：探讨了金钱的时间价值概念的实际用途，并详细解释了通货膨胀和购买力等影响因素。 * **利息、现值与终值**：区分了单利和复利，讲解了它们的计算方法和复利的威力，并解释了现值和终值的含义。 * **单笔现金流的现值与终值**：教授如何计算单笔现金流的现值和终值，以及如何推导相应的计算公式，并附有详细的图解。 * **年金的现值与终值**：讲解了年金现值和终值的计算方法和公式推导，同样配有详细图解。 * **折现因子与年金因子**：解释了折现因子和年金因子的含义及其计算方法。 * **不同计息频率下的复利计算**：讲解了单笔现金流和年金（普通年金和即付年金）在日、周、月、季、半年等不同计息频率下的现值和终值计算。 * **内部收益率 (IRR)**：解释了内部收益率的含义，并介绍如何使用插值法进行计算。 * **资本预算基础**：介绍了资本预算的含义、目的和流程。 * **资本预算决策类型**：讲解了更新与现代化、扩张、多元化、互斥决策、接受或拒绝以及偶发性决策等不同类型的资本预算决策，并提供了实例。 * **现金流计算中的成本处理**：涵盖了会计利润与现金流的区别、增量现金流的计算、折旧的税惠、机会成本、沉没成本、营运资金成本以及分摊的管理费用等，并解释了它们的含义、示例和对现金流的影响。 * **现金流类型**：区分了新项目和更换项目的现金流类型。 * **现金流计算原则**：阐述了资产组与折旧原则、排除融资成本原则、税后原则，以及在从损益计算现金流时折旧与利息处理的差异。 * **资本预算技术**：详细介绍了各种资本预算技术（如投资回收期法、会计收益率法、折现投资回收期法、盈利能力指数法、净现值法、内部收益率法、修正内部收益率法）的含义、示例、优点和局限性。 * **IRR 与 NPV 的比较**：分析了在不同情况下，IRR 和 NPV 方法在处理互斥项目时可能出现的异常结果。 * **特殊情况处理**：涵盖了可分割和不可分割项目的资本配额、不同期限的互斥项目分析方法、更换链法以及年金等值法。 课程设计逻辑清晰，强调按顺序学习，建议学员同步进行图解练习以更好地掌握概念。
Hi This course provides a detailed knowledge about Time Value of Money - Basic concept about Finance ands Capital Budgeting. The course consists of video lectures that explains concept along with illustrations. The illustrations are simple ones that makes it easy to understand the concept.The course is divided into following section:Section 1: IntroductionThis section explains basic concept of Time value of Money - Meaning along with examples.Section 2: More about Time value of MoneyThis section explains Uses of concept of Time Value of Money. The factors such as inflation and purchasing power place important role in measuring time value of money. This is explained in detail.Section 3: Interest, Present Value and Future Value This section explains Difference between Simple Interest and Compound Interest. How to calculate simple interest and compound interest and power of compounding.Other concepts related to Time Value of Money - Meaning of Present Value and Future ValueSection 4: Present Value and Future Value for single cash flowThis section explains How to calculate Present Value and Future Value for single cash flow ?How to derive formula for calculating present value and future value of single cash flow ?The explanation is followed by detailed illustrations.Section 5: Present Value and Future Value for AnnuityThis section explains How to calculate Present Value and Future Value for annuity.How to derive formula for calculating present value and future value of Annuity ?The explanation is followed by detailed illustrations.Section 6: Discount Factor and Annuity FactorThis section explains meaning of discount factor and Annuity factor and how to calculate the same.Section 7: Compounding Daily, Weekly, Monthly, Quarterly and Half Yearly.This section explains Calculation of present value and future value of single cash flow when rate of interest is compounded daily, weekly , Quarterly and half yearly.Calculation of present value and future value of Annuity- Ordinary Annuity and Annuity due when rate of interest is compounded daily, weekly , Quarterly and half yearly.Section 8: Internal Rate of Return (IRR)This section explains Meaning of IRR (Internal rate of return) and calculation of IRR using Interpolation method.Section 9: Capital Budgeting BasicsThis section explains meaning of Capital Budgeting along with it's purpose and process.Section 10: Types of Capital Budgeting DecisionsThis section explains about following types of capital budgeting decisions along with examples:Replacement and Modernization decisionExpansion decisionDiversification decisionMutually exclusive decisionAccept or Reject decisionContingent decisionSection 11: Treatment of various costs for purpose of calculating CashflowsThis section includes following topics:Difference in accounting profit and cashflowMeaning of incremental cashflow along with calculationCalculation of Tax Benefit on DepreciationOpportunity Cost - Meaning , Example and impact on cashflowsSunk Cost - Meaning , Example and impact on cashflowsWorking Capital costs - Meaning , Example and impact on cashflowsAllocated Overhead costs - Meaning , Example and impact on cashflowsSection 12: Types of CashflowsThis section explains types of cashflows for new projects and replacement projects.Section 13: Principles for calculating cashflowsThis section includes following topics:Block of Assets and Depreciation PrincipleExclusion of Financing Cost PrinciplePost Tax PrincipleDifference in treatment of depreciation and interest while calculating cashflows from profit and loss Section 14 ,Section 15, Section 16, Section 17, Section 18, Section 19, Section 20, Section 22 and Section 23: Capital Budgeting TechniquesThese sections include meaning , examples , advantages and limitations of following capital budgeting techniques:Payback Period MethodAccounting Rate of Return (ARR) MethodDiscounted Payback Period MethodProfitability Index (PI) MethodNet Present Value (NPV) MethodInternal Rate of Return (IRR) MethodModified Internal Rate of Return (MIRR)Section 21: IRR and NPVThis section explains anomalies in result for mutually exclusive projects as per Internal Rate of Return (IRR) Method and Net Present Value (NPV) Method under different situationsSection 24: Special CasesThis section includes following topics:Capital Rationing for divisible and indivisible projectsMethods to analyze Mutually Exclusive Projects with different periodsReplacement Chain MethodEquivalent Annualized Criterion MethodAll the sections are logically arranged so that it is easy to understand concept of Time Value of Money. The sections should be viewed chronologically. TIP: If the student simultaneously solves illustrations along with video lecture it will be easy to understand concept.Thank youHappy Learning!
