À propos de ce cours
4.6
895 notes
119 avis
Spécialisation
100 % en ligne

100 % en ligne

Commencez dès maintenant et apprenez aux horaires qui vous conviennent.
Dates limites flexibles

Dates limites flexibles

Réinitialisez les dates limites selon votre disponibilité.
Heures pour terminer

Approx. 9 heures pour terminer

Recommandé : 4 weeks of study, 1-3 hours/week...
Langues disponibles

Anglais

Sous-titres : Anglais

Compétences que vous acquerrez

Cash FlowFinancial StatementBalance SheetInvestment
Spécialisation
100 % en ligne

100 % en ligne

Commencez dès maintenant et apprenez aux horaires qui vous conviennent.
Dates limites flexibles

Dates limites flexibles

Réinitialisez les dates limites selon votre disponibilité.
Heures pour terminer

Approx. 9 heures pour terminer

Recommandé : 4 weeks of study, 1-3 hours/week...
Langues disponibles

Anglais

Sous-titres : Anglais

Programme du cours : ce que vous apprendrez dans ce cours

Semaine
1
Heures pour terminer
2 heures pour terminer

Evaluation Criteria: Net Present Value

This module was designed to introduce you to the many potential criteria for selecting investment projects, and to explore the most effective of these criteria: Net Present Value (NPV). Through the use of concrete examples, you'll learn the key components of Net Present Value, including the time value of money and the cost of capital, the main utility of NPV, and why it is ultimately more accurate and useful for evaluating projects than other commonly used criteria. By the end of this module, you'll be able to explain why net present value analysis is the appropriate criteria for choosing whether to accept or reject a project, and why other criteria, such as IRR, payback, ROI, etc. may not lead to decisions which maximize value....
Reading
6 vidéos (Total 73 min), 2 lectures, 1 quiz
Video6 vidéos
1.1 Introduction: Criteria for Evaluating Projects6 min
1.2 Time Value of Money19 min
1.3 NPV Analysis of Projects16 min
1.4 Other Evaluation Techniques15 min
1.5 The Cost of Capital10 min
Reading2 lectures
PDFs of Lecture Slides10 min
Excel Spreadsheets: Module 110 min
Quiz1 exercice pour s'entraîner
Evaluation Criteria: Module 1 Quiz20 min
Semaine
2
Heures pour terminer
2 heures pour terminer

Evaluating Projects

In this module, you'll learn how to evaluate a project with emphasis on analyzing the incremental after-tax cash flows associated with the project. You'll work through a concrete example using alternative scenarios to test the effectiveness of this method. You'll also learn why only future cash flows are relevant, why to ignore financial costs, include all incidental effects, remember working capital requirements, consider the effect of taxes, forget sunk costs, remember opportunity costs, use expected cash flows, and perform sensitivity analysis. By the end of this module, you'll be able to evaluate projects more thoroughly and effectively, with emphasis on how to model the change in the company’s after-tax cash flows, so that you can make more profitable decisions....
Reading
5 vidéos (Total 63 min), 1 lecture, 1 quiz
Video5 vidéos
2.2 Analyzing Incremental After-Tax Flows - Operating Phase12 min
2.3 Analyzing Incremental After-Tax Flows - Terminal Phase6 min
2.4 Example: New Production Machine12 min
2.5 Key Considerations in Evaluations19 min
Reading1 lecture
PDFs of Lecture Slides10 min
Quiz1 exercice pour s'entraîner
How to Evaluate Projects: Module 2 Quiz22 min
Semaine
3
Heures pour terminer
1 heure pour terminer

Expressing Business Strategies in Financial Terms

This module was designed to give you the opportunity to learn how business activities, transactions and events are translated into financial statements, including balance sheets, income statements, and cash flow statements. You'll also learn how these three statements are linked to each other, and how balance sheets and income statements can help forecast the future cash flow statements. By the end of this module, you'll be able to explain how accounting systems translate business activities into financial terms, and how to use this to better forecast future cash flows, so that you can express your business strategies in these financial terms, and show "the bottom line" for your proposed plan of action....
Reading
3 vidéos (Total 52 min), 1 lecture, 1 quiz
Video3 vidéos
3.2 Balance Sheets and Income Statements15 min
3.3 Cash Flow Statements17 min
Reading1 lecture
PDFs of Lecture Slides10 min
Quiz1 exercice pour s'entraîner
Financial Statements and Forecasting: Module 3 Quiz20 min
Semaine
4
Heures pour terminer
2 heures pour terminer

New Product Value

In this module, you'll apply what you’ve been learning to an analysis of a new product venture. You’ll learn how to map out a plan of the business activities, transactions and events that need to happen to implement the new venture, including their timing. You'll also learn how to set up a spreadsheet to help with forecasts, and to re-calculate things automatically as we re-think our plans. You'll see how to forecast out the implied financial statements, and calculate the Net Present Value (NPV). By the end of this module, you'll be able to use spreadsheets to explore different risks a venture may face, and analyze the implications of these scenarios for NPV, so that you can make the most profitable, data-driven decision possible....
Reading
6 vidéos (Total 51 min), 2 lectures, 1 quiz
Video6 vidéos
4.2 Forecasting Future Cash Flows11 min
4.3 NPV and IRR Calculations5 min
4.4 Formulation and Evaluation of Alternative Scenarios15 min
4.5 Expanding Beyond the Time Horizon9 min
Course Conclusion28s
Reading2 lectures
PDFs of Lecture Slides10 min
Excel Spreadsheets: Module 410 min
Quiz1 exercice pour s'entraîner
Calculating Value: Module 4 Quiz20 min
4.6
119 avisChevron Right
Orientation de carrière

17%

a commencé une nouvelle carrière après avoir terminé ces cours
Avantage de carrière

20%

a bénéficié d'un avantage concret dans sa carrière grâce à ce cours
Promotion de carrière

20%

a obtenu une augmentation de salaire ou une promotion

Meilleurs avis

par SRApr 23rd 2017

The course material and examples are very useful. I really like the CF spreadsheet at the end of week 4 as this is very organized CF model and I can use this as reference to build my own. Thank you!

par ASJun 6th 2018

Thank you for the wonderful course. It gave us substantial information to evaluate a project based on NPV and IRR. The sensitivity analyses and the consequent scenarios were spelt out lucidly.

Enseignants

Avatar

Richard Lambert

Professor of Accounting
Accounting- Wharton School
Avatar

Robert W. Holthausen

Professor
Accounting

À propos de University of Pennsylvania

The University of Pennsylvania (commonly referred to as Penn) is a private university, located in Philadelphia, Pennsylvania, United States. A member of the Ivy League, Penn is the fourth-oldest institution of higher education in the United States, and considers itself to be the first university in the United States with both undergraduate and graduate studies. ...

À propos de la Spécialisation Business and Financial Modeling

Wharton's Business and Financial Modeling Specialization is designed to help you make informed business and financial decisions. These foundational courses will introduce you to spreadsheet models, modeling techniques, and common applications for investment analysis, company valuation, forecasting, and more. When you complete the Specialization, you'll be ready to use your own data to describe realities, build scenarios, and predict performance....
Business and Financial Modeling

Foire Aux Questions

  • 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.

  • 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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