課程信息

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This short course surveys all the major topics covered in a full semester MBA level finance course, but with a more intuitive approach on a very high conceptual level.  The goal here is give you a roadmap and framework for how financial professional make decisions.  
We will cover the basics of financial valuation, the time value of money, compounding returns, and discounting the future.  You will understand discounted cash flow (DCF) valuation and how it compares to other methods.  We also step inside the mind of a corporate financial manager and develop the basic tools of capital budgeting.  We will survey the how, when, and where to spend money, make tradeoffs about investment, growth, dividends, and how to ensure sound fiscal discipline.  Our journey then turns to a Wall Street or capital markets perspective of investments as we discuss the fundamental tradeoff between risk and return.  We then synthesize our discussion of risk with our valuation framework and incorporate it into series of direct applications to practice.

This course requires no prior familiarity with finance.  Rather, it is intended to be a first step for anyone who is curious about understanding stock markets, valuation, or corporate finance.  We will walk through all of the tools and quantitative analysis together and develop a guide for understanding the seemingly complex decisions that finance professionals make.  

By the end of the course, you will develop an understanding of the major conceptual levers that push and pull on financial decision making and how they relate to other areas of business.  The course should also serve as a roadmap for where to further your finance education and it would be an excellent introduction of any students contemplating an MBA or Finance concentration, but who has little background in the area.

學生職業成果

70%

完成這些課程後已開始新的職業生涯

54%

通過此課程獲得實實在在的工作福利

可分享的證書

完成後獲得證書

100% 在線

立即開始，按照自己的計劃學習。

可靈活調整截止日期

根據您的日程表重置截止日期。

初級

完成時間大約為14 小時

英語（English）

字幕：阿拉伯語（Arabic）, 法語（French）, 巴西葡萄牙語, 俄語（Russian）, 土耳其語（Turkish）, 英語（English）, 西班牙語（Spanish）

您將獲得的技能

Financial AccountingCapital BudgetingCorporate FinanceFinance

學生職業成果

70%

完成這些課程後已開始新的職業生涯

54%

通過此課程獲得實實在在的工作福利

可分享的證書

完成後獲得證書

100% 在線

立即開始，按照自己的計劃學習。

可靈活調整截止日期

根據您的日程表重置截止日期。

初級

完成時間大約為14 小時

英語（English）

字幕：阿拉伯語（Arabic）, 法語（French）, 巴西葡萄牙語, 俄語（Russian）, 土耳其語（Turkish）, 英語（English）, 西班牙語（Spanish）

講師

授課教師評分

4.8/5 （283 個評分）

James Weston

Houston Endowment Professor of Finance

Jones Graduate School of Business

92,818 個學生

1 門課程

教學大綱 - 您將從這門課程中學到什麼

內容評分95%（6,668 個評分）

週

1

週 1

完成時間為 3 小時

Course Overview and Basic Principles of Financial Valuation Discounting

Welcome to Finance for Non-Finance Professionals! In this section you will find general information about the course and instructions on how to navigate the course. For the first week of lectures, we will be covering the basics of financial valuation. We will start with the basics of compounding and discounting rates of return over time. Using these tools we will then move on to valuation using the discounted cash flow method. Along the way, we will demonstrate our valuation tools with a variety of practical examples and compare our analysis with other valuation techniques.

完成時間為 3 小時

15 個視頻（總計 101 分鐘）, 3 個閱讀材料, 2 個測驗

15 個視頻

Course Trailer2分鐘

Course Overview & Demonstration1分鐘

Week 1 Overview1分鐘

Human Nature and the Time Value of Money7分鐘

Compounding and Earning Returns Over Time11分鐘

Basic Principals of Valuation and Discounting4分鐘

Discounting Future Cash Back to the Present12分鐘

Discounted Cash Flow (DCF) as the Basis for All Valuation6分鐘

DCF Practical Example11分鐘

Valuation by Comparables8分鐘

Examples and Applications: Bonds8分鐘

Examples and Applications: Mortgages5分鐘

Examples and Applications: Annuities8分鐘

Examples and Applications: Capstone Example5分鐘

Conversations with a Practitioner4分鐘

3 個閱讀材料

General Course Information10分鐘

Discussion Forum Guidelines10分鐘

Pre-Course Survey10分鐘

2 個練習

Homework Assignment30分鐘

Week 1 Quiz30分鐘

週

2

週 2

完成時間為 2 小時

How to Spend Money (Capital Budgeting tools)

Welcome to the second week of Finance for Non-Finance Professionals! In this week of the course, we will build on the basic valuation tools from week one to start making capital budgeting decisions. Our capital budgeting review covers the basic tools like Net Present Value, Internal Rate of Return, Payback period, and return on capital. Our discussion of the relative advantages of each different tool leads us into sensitivity analysis and the advantages of spreadsheet modeling.

完成時間為 2 小時

11 個視頻（總計 72 分鐘）, 1 個閱讀材料, 2 個測驗

11 個視頻

Week 2 Overview42

Overview of the Capital Budgeting Process5分鐘

Net Present Value (NPV)7分鐘

Payback Period7分鐘

Accounting Ratios7分鐘

Internal Rate of Return (IRR)8分鐘

Wrinkles with IRR8分鐘

Using All the Metrics Together4分鐘

Sensitivity Analysis7分鐘

Spreadsheet Modeling9分鐘

Conversations with a Practitioner5分鐘

1 個閱讀材料

Real World Application: A Refresher on Net Present Value10分鐘

2 個練習

Homework Assignment30分鐘

Week 2 Quiz30分鐘

週

3

週 3

完成時間為 2 小時

Measuring Cash Creation and Flow

Welcome back to Finance for Non-Finance Professionals! In our third week together, we will go on a treasure hunt through the financial statements. Using discounted cash flows as our motivation, we search through the income statement and balance sheet for all the uses and sources of cash. Our search leads us to our primary measure of value creation: Free Cash Flow. Free cash flow will form the basis of most financial analysis and this module gives us a roadmap for estimating and forecasting cash creation within any organization.

完成時間為 2 小時

10 個視頻（總計 60 分鐘）, 1 個閱讀材料, 2 個測驗

10 個視頻

Week 3 Overview1分鐘

Brief Overview of the Financial Statements8分鐘

Hunting for Cash Creation5分鐘

Working Capital Adjustments8分鐘

Depreciation and Capital Expenditures5分鐘

Salvage and Terminal Values7分鐘

Taxes3分鐘

Calculating Free Cash Flow7分鐘

Using Capital Budgeting Tools8分鐘

Conversations with a Practitioner4分鐘

1 個閱讀材料

Real World Application: Obama Administration Releases Report Outlining Benefits of Expensing Proposal in Encouraging Business Expansion, Hiring Now10分鐘

2 個練習

Homework Assignment35分鐘

Week 3 Quiz35分鐘

週

4

週 4

完成時間為 3 小時

How Much Does Money Cost? Evaluating the Cost of Capital

Welcome back everyone! In our final week together in this course, we switch gears and take an external view of the firm from a Wall Street, or capital markets, perspective. We think about the basic tradeoff between risk and return, how to measure risk, and how to put a risk premium on different kinds of investments. We then take our analysis of risk and return and use it to estimate a firm's cost of capital. Finally, we circle back to free cash flows, capital budgeting and valuation to tie together all four weeks and get ready for our capstone case analysis.

完成時間為 3 小時

10 個視頻（總計 72 分鐘）, 2 個閱讀材料, 2 個測驗

10 個視頻

Week 4 Overview1分鐘

Debt vs. Equity Financing8分鐘

Risk Free Rate6分鐘

Historical Risk and Return7分鐘

The Equity Risk Premium5分鐘

Beta and the Cost of Equity10分鐘

Credit Ratings and Quality Spreads5分鐘

Estimating the Cost of Debt6分鐘

Putting it All Together as the WACC (Weighted Average Cost of Capital)12分鐘

Conversations with a Practitioner6分鐘

2 個閱讀材料

Real World Application: U.S. oil companies closer to balancing capital investment with operating cash flow10分鐘

Real World Application: Why aren't companies spending?10分鐘

2 個練習

Homework Assignment (Optional)30分鐘

Week 4 Quiz30分鐘

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Finance for Non-Finance Professionals