Hello, welcome everyone. Today, I want to talk about the topics that we will cover in this course. We will start our class from the introduction of corporations and other ways to organize a business. Corporations are important because they create the most wealth in society and provide employment opportunities. They create wealth by investing in real assets such as buildings, plants, and equipment. At the same time, they need to finance their investments using financial instruments such as stocks and bonds. When financial instruments are traded in the market, we call it financial market. Once we learn the basic structure and the governance of corporations, we will use financial statements to understand the financial performance of corporations. The financial statements are like the resume of a corporation. We will discuss three major financial statements, including the balance sheet, income statement, and cash flow statement. These are basic skills of any master. Based on that, we will learn how to use financial statements to conduct analysis. Some of the topics include how to use financial ratios to evaluate the financial health of a corporation. Using real world examples, we will learn how to compare the performance of a company to that obvious competitors and the industry as a whole. In addition to that, we will get to know how to create pro forma financial statements to predict the future. In the last part of the course, we will cover the time value of money. When companies make investments in new projects, they need to raise funds from financial markets and they need to generate cash flows to pay it back. The cash flows come at different points of time and we need to use a systematic framework to decide whether a project is worthwhile. If you understand how a company operates, you can easily extend it to your personal finance management. As an individual, you also need to build your own assets and accumulate your human capital. This is similar to investment decision of a corporation. In that case, you need to pay your monthly bills and borrow money to buy big ticket items such as a car or a house which is the same as the finance indecision of a company. It's good to know how to allocate your capital from future to the present or vice versa. When you learn a concepts and principles, try to apply it to the real-world settings and solve real questions. When you think more and practice more, you will enjoy the learning experience and become an expert.