In this course, participants will learn the foundations of accounting principles and financial analysis, develop an understanding of the links between these, and the measurement of value creation at the firm level. This is the first course in a four-course Specialization on the Essentials of Corporate Financial Analysis and Decision-Making, created in partnership between the University of Melbourne and Bank of New York Mellon (BNY Mellon).
Ce cours fait partie de la Spécialisation Bases de la finance d'entreprise
The Language and Tools of Financial Analysis
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À propos de ce cours
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Compétences que vous acquerrez
Ratio AnalysisFinancial AnalysisFinancial RatioBalance Sheet
Résultats de carrière des étudiants
38%
ont commencé une nouvelle carrière après avoir terminé ce cours
36%
ont bénéficié d'un avantage concret dans leur carrières grâce à ce cours
100 % en ligne
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Approx. 14 heures pour terminer
Recommandé : 4-6 hours/week
Anglais
Sous-titres : Anglais
Programme du cours : ce que vous apprendrez dans ce cours
3 heures pour terminer
An Introduction to Accounting Principles: The Language of Capital Markets
This week we will define and explain the key financial statements produced by a company and reported to its shareholders. We will discuss the different core elements within those statements following basic accounting principles with the discussion framed in reference to excerpts from the actual financial statements produced by the US-listed food company Kellogg's.
3 heures pour terminer
8 vidéos (Total 40 min), 7 lectures, 2 quiz
8 vidéos
The Language and Tools of Financial Analysis - Overview1 min
1.0 Welcome and Introduction (It all begins with accounting)5 min
1.1 The Balance Sheet 1: Assets (What the company owns)6 min
1.2 The Balance Sheet 2: Liabilities (What the company owes)4 min
1.3 The Balance Sheet 3: Equity (What the owners own)7 min
1.4 The Profit and Loss Statement: Revenues (What the company earns)6 min
1.5 The Profit and Loss Statement: Expenses (What the company spends)5 min
7 lectures
Course Syllabus10 min
Your Teaching Team10 min
Week 1 Outline10 min
Start of Course Survey10 min
Resources10 min
Social Media10 min
Study Tools and Tips10 min
2 exercices pour s'entraîner
Week 1 practice quiz - This quiz does not contribute to your final grade20 min
Week 1 graded quiz - This quiz contributes 10% towards your final grade20 min
2 heures pour terminer
An Intuition-based Introduction to Financial Analysis
Understanding the importance and the accounting principles underpinning the key financial statements of a company, we now turn our attention to synthesizing and condensing the financial statement information for the purpose of financial analysis. Specifically, we demonstrate how financial analysts use ratio analysis to measure relative profitability, leverage, efficiency and the liquidity of a company. Again, we utilise information from the financial statements of Kellogg's and its competitor Kraft to demonstrate these financial analysis techniques.
2 heures pour terminer
8 vidéos (Total 49 min), 1 lecture, 2 quiz
8 vidéos
2.1 Profitability Measures 1 (When is good really good?)10 min
2.2 Profitability Measures 2 (When is really good, good enough?)4 min
2.3 Leverage Measures (Creating value with other people‘s money)9 min
2.4 Efficiency Measures (Are we doing more with less?)6 min
2.5 Liquidity Measures (Staying ahead of the curve?)4 min
Mid Course Check-in1 min
A View from Industry with BNY Mellon2 min
1 lectures
Week 2 Outline10 min
2 exercices pour s'entraîner
Week 2 practice quiz - This quiz does not contribute to your final grade20 min
Week 2 graded quiz - This quiz contributes 10% towards your final grade20 min
1 heures pour terminer
The Links Between Accounting Principles and Financial Decision-making
Having established initial basic financial analyst's toolset in the first two weeks of this course, some caution is warranted as we turn our attention to some of the pitfalls associated with uncritical use of financial statements by analysts. Specifically, we highlight how the use of historical cost and accrual-based accounting might lead to sub-optimal corporate financial decision-making. We then discuss how the agency relationship between management and the owners of a company may also lead to poor corporate decision-making. We conclude with a cautionary tale of misleading accounting practices and the regulator's response to these cases.
1 heures pour terminer
6 vidéos (Total 37 min), 1 lecture, 2 quiz
6 vidéos
3.1 Limitations 1: Historical Cost And Market Value (The market is always right...)7 min
3.2 Limitations 2: Accrual versus Cash Accounting (Money in the bank)5 min
3.3 Limitations 3: Profit versus Wealth Creation (Raising the bar)3 min
3.4 Accounting Scandals 1: The Fall-out From Enron (What to look out for…)5 min
3.5 Accounting Scandals 2: Earnings Management (Smoke and mirrors)9 min
1 lectures
Week 3 Outline10 min
2 exercices pour s'entraîner
Week 3 practice quiz - This quiz does not contribute to your final grade20 min
Week 3 graded quiz - This quiz contributes 10% towards your final grade20 min
6 heures pour terminer
Value Measurement via Discounted Cash Flow Analysis
Having identified the key elements of a company's financial statements, and the way in which information from these statements can be utilized in financial analysis, we shift our focus this week to discounted cash flow (DCF) analysis. Sound financial decision-making by CFOs and investors, requires an assessment of future (uncertain) financial outcomes. DCF analysis allows the financial analyst to extrapolate the financial statement information in a forward-looking manner. The DCF technique provides an objective way in which we can evaluate financial decisions while overcoming many of the shortcomings associated with standard ratio analysis.
6 heures pour terminer
6 vidéos (Total 51 min), 4 lectures, 5 quiz
6 vidéos
4.1 Discounting Cash Flows (Not every dollar is equal)15 min
4.2 Forecasting Cash Flows (Back to the future)8 min
4.3 Fair Value Using Net Present Value (Finance meets accounting)9 min
4.4 Caution When Using DCF Analysis (Rubbish in… rubbish out)7 min
4.5 The Accountant Signs Off (A summary of the course)3 min
4 lectures
Week 4 Outline10 min
Academic Integrity10 min
Where to From Here? The Next Step.10 min
End of Course Survey10 min
4 exercices pour s'entraîner
Week 4 practice quiz - This quiz does not contribute to your final grade20 min
Week 4 graded quiz - This quiz contributes 10% towards your final grade20 min
Course Final Exam - This quiz contributes 40% towards your final grade1h 20min
Peer Assessment Calculations - Worth 10% of your final grade12 min
Avis
4.7
Meilleurs avis pour THE LANGUAGE AND TOOLS OF FINANCIAL ANALYSIS
par NROct 23, 2016
Great course! It was insightful yet everything was polished and on point. The knowledge and the "tools" are really useful, for someone who is a beginner and interested in Financial Analysis!
par JCJul 17, 2016
WOW!!! By far the BEST Course in Coursera catalog! Incredible the tools that are taught. Thanks so much. Absolutely recommended for every person regardless of professional background.
par JKJun 26, 2019
This course helps me a lot to learn more useful financial analysis language . It also helps me to understand the financial statement of some corporates I am interested in.
par SEApr 9, 2016
Very concise presentation of information using real-world examples to drive home the points. Quickly and almost imperceptibly moves on from the basics. High recommended!
par YASep 19, 2017
Upon completion of this course, I definitely feel more awareness of the topics and interest to the subject. The interface and course materials are very
par JTJan 10, 2017
I loved this course! It was very complete and I learned a lot. Actually, I am already applying some of the things that I learned in my workplace.
par NPDec 9, 2018
Excellent online learning and assignments, got good knowledge on financial analysis and very useful in my daily work. Thank you Coursera Team.
par ANov 8, 2019
I learn overall marketing financial and i analysis it thank for who teach me about financial analysis and finally for this coursera website.
À propos de Université de Melbourne
The University of Melbourne is an internationally recognised research intensive University with a strong tradition of excellence in teaching, research, and community engagement. Established in 1853, it is Australia's second oldest University.
À propos du Spécialisation Bases de la finance d'entreprise
You will gain a firm understanding of corporate finance, including accounting principles and financial analysis, how value is created by global markets, the choices firms face when making financial decisions and defining attitudes towards risk. The Specialization concludes with a Capstone project that allows you to apply the skills you've learned throughout the courses.
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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