XCPD-684 Principles of Finance
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Principles of Finance is designed to introduce students to key financial concepts and how companies apply financial analysis to make sound business decisions. The course is centered on the core finance concepts of the Time Value of Money (TVM), the risk-return relationship, and diversification. Specific emphasis is placed on Time Value of Money (TVM), including future and present values concepts; interest rates as indicators of the price of money in the market; and basic risk measurement tools such as standard deviation and beta. Students will gain an understanding of the types of financial decisions and financing available to organizations and the effect on key financial statements i.e. balance sheet, income statement, and cash flow statement. Most importantly, students will apply the Discounted Cash Flow (DCF) method and the Net Present Value (NPV) method for project analysis. Finally, students will review commonly-used cash management techniques and understand how financial decisions differ in an international context.
Note: Students with prior formal education in finance or professional experience in finance may request to substitute another course for Principles of Finance.
Upon successful completion of this course, students will be able to:
- Understand basic corporate finance topics and tools for decision making
- Compute Future and Present Values, including FV and PF of annuities
- Compute Discounted Cash Flow (using Time Value of Money)
- Understand the basics of risk and return relationship
- Compute standard deviation and utilize the outcome for decision-making
- Understand the concept of Beta and use it for decision-making
- Compute the Net-Present Value (for project analysis)
- Understand the basic techniques for cash management