In this course you will learn how to use key finance principles to understand and measure business success and to identify and promote true value creation. You will learn how to use accounting information to form key financial ratios to measure a company’s financial health and to manage a company's short-term and long-term liquidity needs. You will also learn how to use valuation techniques to make sound business investment and acquisition decisions. Finally, you will learn how to incorporate risk and uncertainty into investment decisions and how to evaluate the performance of existing investments.
Ce cours fait partie de la Spécialisation Gestion financière
Corporate Finance I: Measuring and Promoting Value Creation
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À propos de ce cours
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Résultats de carrière des étudiants
40%
ont commencé une nouvelle carrière après avoir terminé ce cours
40%
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50%
a obtenu une augmentation de salaire ou une promotion
Compétences que vous acquerrez
Corporate FinanceProjectFinanceMergers And Acquisitions (M&A)
Résultats de carrière des étudiants
40%
ont commencé une nouvelle carrière après avoir terminé ce cours
40%
ont bénéficié d'un avantage concret dans leur carrières grâce à ce cours
50%
a obtenu une augmentation de salaire ou une promotion
100 % en ligne
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Cours 5 sur 7 dans le
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Approx. 26 heures pour terminer
Recommandé : 2-4 hours/week
Anglais
Sous-titres : Anglais
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Université de l'Illinois à Urbana-Champaign
The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs.
Commencez à travailler pour obtenir votre master
Ce cours fait partie du diplôme intégralement en ligne Master of Business Administration (iMBA) de Université de l'Illinois à Urbana-Champaign.
Si vous êtes admis au programme complet, vos cours seront pris en compte dans votre apprentissage diplômant.
Programme du cours : ce que vous apprendrez dans ce cours
1 heure pour terminer
Course Overview
In this module, you will become familiar with the course, your instructor, your classmates, and our learning environment. The orientation also helps you obtain the technical skills required for the course.
1 heure pour terminer
1 vidéo (Total 9 min), 5 lectures, 1 quiz
5 lectures
Syllabus10 min
About this Course: Ratings and Reviews10 min
About the Discussion Forums10 min
Glossary10 min
Getting to Know Your Classmates10 min
1 exercice pour s'entraîner
Orientation Quiz30 min
5 heures pour terminer
Module 1: The Objective of the Corporation and Analysis of Financial Ratios
In Module 1, we will discuss the objectives of the corporation. We will introduce the concept of shareholder value and discuss the pros and cons of maximizing stock prices. We will then learn how to calculate financial ratios that measure concepts such as liquidity, leverage, and profitability. We will work with accounting statements and financial data from real world companies and learn how to use this data to measure the financial health of companies and make comparisons with competitors.
5 heures pour terminer
15 vidéos (Total 112 min), 3 lectures, 5 quiz
15 vidéos
Why Maximizing the Stock Price is a Reasonable Goal For a Company10 min
Conflicts Between Stock Price Maximization and Society9 min
The Agency Problem and Corporate Governance8 min
Balance Sheet Ratios: Introduction4 min
Balance Sheet Ratios: Liquidity11 min
Balance Sheet Ratios: Solvency12 min
Income Statement Ratios: Profitability13 min
Cash Flow Statement Ratios10 min
Valuation Ratios10 min
Module 1 Review2 min
Like this course? Learn more with the iMBA! (optional)1 min
Like this course? Learn more with the iMBA! (Optional)1 min
Assignment 1 Overview2 min
Assignment 1 Discussion10 min
3 lectures
Module 1 Overview10 min
Module 1 Readings10 min
Module 1 Spreadsheets and Other Resources10 min
4 exercices pour s'entraîner
Module 1 Practice Quiz 130 min
Module 1 Practice Quiz 230 min
Module 1 Practice Quiz 330 min
Module 1 Quiz30 min
5 heures pour terminer
Module 2: Financial Planning
In Module 2, we will learn models that allow us to forecast and manage a company's short-term investments such as capital expenditures. We will forecast the future financial statements of a real world company and learn how to figure out how much external financing the company will need. We will then use real world examples to learn how short-term investments in working capital determine a company's need for short-term financing.
5 heures pour terminer
14 vidéos (Total 114 min), 3 lectures, 5 quiz
14 vidéos
Long-Term Financial Planning5 min
Forecasting Income Statements8 min
Forecasting Cash Flow Statements9 min
Forecasting Balance Sheets8 min
Raising Long-Term Financing: Discussion9 min
Investments in Working Capital6 min
Working Capital Ratios8 min
Short-Term Financial Planning: Inventory11 min
Seasonality and Receivables10 min
Accounts Payable and Liquidity Risk13 min
Module 2 Review3 min
Assignment 2 Overview2 min
Assignment 2 Discussion11 min
3 lectures
Module 2 Overview10 min
Module 2 Readings10 min
Module 2 Spreadsheets and Other Resources10 min
4 exercices pour s'entraîner
Module 2 Practice Quiz 130 min
Module 2 Practice Quiz 230 min
Module 2 Practice Quiz 330 min
Module 2 Quiz30 min
6 heures pour terminer
Module 3: Making Investment Decisions
In Module 3, we will learn tools that allow us to measure the contribution of a new investment to shareholder value. We will learn how to calculate the net present value (NPV) of an investment and how to use the NPV to make a decision on whether to make the investment or not. We will also learn to calculate the rate of return (IRR) on an investment project and how to properly use the IRR in investment decisions. Finally, we will learn how to incorporate real options into investment analysis to be able to make decisions about investments such as R&D (research and development).
6 heures pour terminer
15 vidéos (Total 148 min), 2 lectures, 6 quiz
15 vidéos
NPV Example - Speeding Up the Collection of Receivables9 min
The Concept of Net Present Value (NPV)15 min
Calculating NPV in Excel4 min
The Relationship Between NPV and Shareholder Value7 min
The Internal Rate of Return (IRR)11 min
Using the IRR to Evaluate Investments6 min
Problems with the IRR11 min
Additional Examples18 min
Real Options - Valuing R&D15 min
The Option to Wait - Gold Mine Example14 min
The Option to Abandon a Project8 min
Module 3 Review2 min
Assignment 3 Overview2 min
Assignment 3 Discussion15 min
2 lectures
Module 3 Overview10 min
Module 3 Readings10 min
5 exercices pour s'entraîner
Module 3 Practice Quiz 130 min
Module 3 Practice Quiz 230 min
Module 3 Practice Quiz 330 min
Module 3 Practice Quiz 430 min
Module 3 Quiz30 min
6 heures pour terminer
Module 4: Mergers and Acquisitions, Risk, and Performance Evaluation
In Module 4, we will apply our investment valuation tools to understand when a merger between two companies creates shareholder value. We will learn to distinguish between good and bad reasons for companies to engage in mergers and acquisitions (M&A), and we will learn how to price an M&A deal. We will also learn the specific characteristics of leveraged buyouts (LBOs) and how they can create value for shareholders. We will then learn how to incorporate risk into investment valuation by changing discount rates. We will calculate the weighted-average cost of capital (WACC) for a real world company and learn how to use WACC to value investments and to measure the performance of the company or a division of the company.
6 heures pour terminer
15 vidéos (Total 169 min), 3 lectures, 5 quiz
15 vidéos
Good and Bad Reasons to Engage in M&A Transactions16 min
Synergy Valuation and Deal Pricing12 min
Means of Payment and Stock Market Reaction to M&A Deals14 min
Leveraged Buyouts19 min
Sensitivity Analysis14 min
Using Discount Rates to Incorporate Risk Into the Valuation12 min
Estimating the Required Return on Equity - The Market13 min
Estimating the Required Return on Equity - The Company12 min
Estimating the WACC7 min
Performance Evaluation: Economic Value-Added (EVA)7 min
Using EVA to Measure Performance of a Company's Division13 min
Module 4 Review2 min
Assignment 4 Overview3 min
Assignment 4 Discussion12 min
3 lectures
Module 4 Overview10 min
Module 4 Readings10 min
Module 4 Spreadsheets and Other Resources10 min
4 exercices pour s'entraîner
Module 4 Practice Quiz 130 min
Module 4 Practice Quiz 230 min
Module 4 Practice Quiz 330 min
Module 4 Quiz30 min
7 minutes pour terminer
Course Conclusion
7 minutes pour terminer
1 vidéo (Total 7 min)
1 vidéo
Conclusion6 min
Avis
4.8
Meilleurs avis pour CORPORATE FINANCE I: MEASURING AND PROMOTING VALUE CREATION
par SSFeb 8, 2020
I found this course to be engaging and interesting. The content was explained well. I greatly appreciate what I have learned from this course, and feel it will be helpful in my future endeavors.
par SKSep 10, 2017
Great course with a LOT of beneficial knowledge. However, it's a lot of information crammed into 4 weeks. In order to learn the material thoroughly expect to spend a lot of time on it!
par ASJun 11, 2019
An excellent course and probably one of the finest on offer. Valuable learnings even for finance professionals like me. Highly recommended for all management students and managers.
par SKFeb 11, 2019
In-depth content covering very broad areas of Corporate Finance. Specially the honors assignment makes you think of different scenarios which really makes it interesting and fun.
par JFFeb 3, 2019
Great course! I felt that I learned quite a bit. My undergrad is Finance and I feel that this course covered more topics and in more depth than my previous university studies.
par ABSep 10, 2017
This course has almost too much information to grasp all the concepts in a four week period. It is a lot of work! I thought it was taught very well for the most part.
par FXFeb 3, 2019
The finance series are some of the best business classes I have taken. Professor Almeida does a fantastic job in teaching Corporate Finance. Highly recommended!
par BLFeb 27, 2019
Course contains some difficult concepts. The main benefit is the honors assignments and professor's explanations, which help students understand these topics.
par OOFeb 11, 2019
Very impressive course with immediate applicable knowledge. I will be using NPV to calculate everything including whether to get Solar for my home or not ;).
par MDec 3, 2017
This course provides an effective overview of Financial analysis methods in a way that drives contextual understanding and application. Highly Recommended.
par GWMay 9, 2019
The course is well a positive challenge as well as a great one\n\nIt was the best challenge\n\nOn to the next with much enthusiasm\n\nBe blessed
par JEJan 21, 2019
Very practical and engaging topics, some question errors need addressing but minor changes to avoid wasted time on an overall fantastic course!
par FSMay 26, 2018
very practical stuff. However, I think Course 5 & 6 should be placed before Course 3 & 4 because financial valuation come before investment.
par ATMar 22, 2019
Very good start to refresh old knowledge but also to update it in regard to fast transforming market with innovative metrics and KPi s
par SGSep 14, 2017
E\n\nx\n\nc\n\ne\n\nl\n\nl\n\ne\n\nn\n\nt course for corporate finance. The professor is great. I highly recommend this course.
par MGMar 3, 2019
Great Course the teacher is great and he is very dynamic. I am a CFO and I felt I still learned new things from this course.
par AAFeb 7, 2019
Great course! Everything is understandable and easy to learn. I feel so excited about my new knowledge after this course.
par SBSep 13, 2017
Great course. I thoroughly enjoyed the challenging and yet interesting Corporate Finance concepts.
par AApr 7, 2018
Course was very interesting. The syllabus was itself a lot so that it gets easier tot understand
par SMAug 7, 2017
I would have liked to had a list of formulas as part of the resources for easier reference
À propos du Spécialisation Gestion financière
This Specialization covers the fundamentals of strategic financial management, including financial accounting, investments, and corporate finance. You will learn to evaluate major strategic corporate and investment decisions and to understand capital markets and institutions from a financial perspective, and you will develop an integrated framework for value-based financial management and individual financial decision-making.
The Financial Management Specialization is part of the University of Illinois iMBA Program. Each course in this Specialization also fulfills a portion of the requirements for a University of Illinois course that can earn you college credit.
When you complete the Financial Management Specialization, you will:
· Have a solid foundation in developing an integrated framework for strategic financial decision-making.
· Have a thorough understanding of financial statements and the financial information they provide, and be able to critically evaluate and analyze cash flows statements.
· Understand the management and evaluation of portfolios and firm valuation techniques.
· Understand how to incorporate risk and uncertainty into investment decisions and understand how companies make financing and investment decisions.
Foire Aux Questions
Quand aurai-je accès aux vidéos de cours et aux devoirs ?
Une fois que vous êtes inscrit(e) pour un Certificat, vous pouvez accéder à toutes les vidéos de cours, et à tous les quiz et exercices de programmation (le cas échéant). Vous pouvez soumettre des devoirs à examiner par vos pairs et en examiner vous-même uniquement après le début de votre session. Si vous préférez explorer le cours sans l'acheter, vous ne serez peut-être pas en mesure d'accéder à certains devoirs.
À quoi ai-je droit si je m'abonne à cette Spécialisation ?
Lorsque vous vous inscrivez au cours, vous bénéficiez d'un accès à tous les cours de la Spécialisation, et vous obtenez un Certificat lorsque vous avez réussi. Votre Certificat électronique est alors ajouté à votre page Accomplissements. À partir de cette page, vous pouvez imprimer votre Certificat ou l'ajouter à votre profil LinkedIn. Si vous souhaitez seulement lire et visualiser le contenu du cours, vous pouvez accéder gratuitement au cours en tant qu'auditeur libre.
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