Course Category

Corporate Finance - Online

This newly revised and updated introductory course draws upon both finance theory and practical applications to help managers understand key concepts that underlie analysis and execution of financial decisions. Starting with the objectives of the firm and its Chief Financial Officer, the course teaches students how to apply time value of money principles, the capital budgeting framework, and analysis of financing options when making financial decisions.

Please note that this is a curriculum of individual course modules. You will need to pass each module exam in order to qualify for a certificate of completion.

This is an asynchronous eLearning program that can be accessed 24/7 from any internet enabled computer. Access is for 91 days.

• Identify elements of corporate investment projects.
• Recognize elements and sources of corporate financing.
• Identify factors affecting the flow of corporate funds.
• Relate the Efficient Markets Hypothesis (EMH) to corporate financial decision making.
• Define the present value of money.
• Recognize the formulas involved in solving for different examples of present value.
• Recognize the formulas involved in solving for different examples of future value.
• Use a financial calculator to practice solving present and future value problems.
• Evaluate investments by calculating interest rates, annual bond yields, and stock prices.
• Discuss the factors that affect interest rates and borrowing costs for financing projects.
• Recognize the advantages of using Net Present Value versus Internal Rate of Return to calculate the value of a project.
• Recall when and how to use the profitability index to rank the value of a project.
• Determine the value of projects that have different life spans using the approaches called lowest common denominator and annual equivalency cash flow.
• Recognize the formulas for the after-tax weighted average cost of capital and capital asset pricing model and how they are used to determine the cost of capital.
• Identify the formulas for calculating cash flows resulting from investments and how they are used to determine the profitability of a project.
• Recognize factors influencing a financing decision and characteristics influencing the associated debt/equity mix.
• Recognize the significance of the debt-to-equity ratio to the financing decision and why firms may choose debt.
• Recognize the effects of leverage and its relationship to cost of equity (how financing decisions affect the value of a firm).
• Calculate the cost of equity under various leverage ratios.