In the previous course, you learned financial statement analysis and how to make estimate of future financial status. In this course, you are going to learn capital budgeting. That is, how to make an investment decision. You would like to select the best project among various projects you can take. Then, you need to know the criteria. In this course, you are going to learn investment decision criteria such as NPV and IRR, which are most popular decision rules. Using financial analysis and discounted cash flow method, you can make pro forma financial statement and estimate project cash flows. Then, you apply investment criteria to determine whether to invest or not. After learning how to apply NPV and IRR method to investment decision, you are going to learn how to evaluate NPV estimate and scenario, what-if analyses and break-even analysis. In addition to NPV and IRR, you are going to learn Payback period method and Profitability method to determine whether to invest or not when there is a political risk or capital rationing.
Dieser Kurs ist Teil der Spezialisierung Spezialisierung Valuation and Financial Analysis For Startups
Applying Investment Decision Rules for Startups
von
2,257 Angemeldet
Lehrplan - Was Sie in diesem Kurs lernen werden
Woche
12 Stunden zum Abschließen
Capital Budgeting techniques
Capital budgeting is the process of deciding whether to undertake an investment project. In this module, you will study the three most popular capital budgeting techniques in practice: Net present value (NPV), Payback period, and Internal rate of return (IRR).
5 Videos (Gesamt 29 min), 4 Lektüren, 2 Quiz
5 Videos
1.1 Introduction to Capital Budgeting4m
1.2 Net Present Value (NPV)6m
1.3 Payback Period9m
1.4 Internal Rate of Return7m
4 Lektüren
1.1 Slide10m
1.2 Slide10m
1.3 Slide10m
1.4 Slide10m
2 praktische Übungen
Practice Quiz (1.1~1.4)30m
Week 1 Quiz30m
Woche
22 Stunden zum Abschließen
Project Analysis
In this module, you will learn how to estimate project cash flows using Excel. Overall, project cash flow analysis is similar to firm-level cash flow analysis. However, there also exist some unique features of a project cash flow analysis, which requires us to study the project cash flow principles.
4 Videos (Gesamt 33 min), 4 Lektüren, 2 Quiz
4 Videos
2.2 Pro Forma Income Statement9m
2.3 Free Cash Flow8m
2.4 Sensitivity Analysis9m
4 Lektüren
2.1 Slide10m
2.2 Slide10m
2.3 Slide10m
2.4 Slide10m
2 praktische Übungen
Practice Quiz (2.1~2.4)30m
Week 2 Quiz30m
Woche
32 Stunden zum Abschließen
Issues in Capital Budgeting
Sometimes you have to evaluate multiple projects at a time. In this module, you will learn how to choose the best project among multiple projects. We will also discuss various important issues in NPV and IRR techniques. Finally, we discuss the fundamental principle in choosing the discount rate.
4 Videos (Gesamt 30 min), 4 Lektüren, 2 Quiz
4 Videos
3.2 Comparing NPV and IRR techniques I6m
3.3 Comparing NPV and IRR techniques II10m
3.4 Choosing the Discount Rate6m
4 Lektüren
3.1 Slide10m
3.2 Slide10m
3.3 Slide10m
3.4 Slide10m
2 praktische Übungen
Practice Quiz (3.1~3.4)30m
Week 3 Quiz30m
Woche
44 Stunden zum Abschließen
Real Options in Business Projects
We continue to study analyzing business projects, but the difference in this module is that now we consider the value of "real options" embedded in the project. You will learn how to estimate the project's value by using the decision tree approach or the Black-Scholes option pricing model.
4 Videos (Gesamt 32 min), 4 Lektüren, 3 Quiz
4 Videos
4.2 Decision Tree Approach7m
4.3 Black-Scholes Option Pricing Model10m
4.4 Evaluating Projects Using B-S Model7m
4 Lektüren
4.1 Slide10m
4.2 Slide10m
4.3 Slide10m
4.4 Slide10m
3 praktische Übungen
Practice Quiz (4.1~4.4)30m
Week 4 Quiz40m
Final Quiz20m
Dozent
Saeyeul Park
Assistant ProfessorSchool of Business
Über Yonsei University
Yonsei University was established in 1885 and is the oldest private university in Korea.
Yonsei’s main campus is situated minutes away from the economic, political, and cultural centers of Seoul’s metropolitan downtown. Yonsei has 3,500 eminent faculty members who are conducting cutting-edge research across all academic disciplines. There are 18 graduate schools, 22 colleges and 133 subsidiary institutions hosting a selective pool of students from around the world.
Yonsei is proud of its history and reputation as a leading institution of higher education and research in Asia.
Über die Spezialisierung Valuation and Financial Analysis For Startups
The Startup Valuation and Financial Analysis Specialization teaches two of the most often used methods to find the value of a startup. You’ll learn how to find the value of founder’s ownership before and after additional funding, how to read financial statements and make pro-forma statements, and how to determine the financial health and status of a startup and estimate future earnings and value. You’ll then use various investment criteria, such as Net Present Value (NPV) and Individual Rate of Return (IRR), to make a decision about whether and where to invest your money.
Specific topics include: the time value of money, discounted cash flows method, multiple method, financial statements analysis, free cash flows, capital budgeting decision rules and current trends. The Capstone Project will find the value of startups using the methods taught in the course.
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Was bekomme ich, wenn ich diese Spezialisierung abonniere?
Wenn Sie sich für den Kurs anmelden, erhalten Sie Zugriff auf alle Kurse der Spezialisierung und Sie erhalten nach Abschluss aller Arbeiten ein Zertifikat. Ihr elektronisches Zertifikat wird zu Ihrer Seite „Errungenschaften“ hinzugefügt – von dort können Sie Ihr Zertifikat ausdrucken oder es zu Ihrem LinkedIn Profil hinzufügen. Wenn Sie nur lesen und den Inhalt des Kurses anzeigen möchten, können Sie kostenlos als Gast an dem Kurs teilnehmen.
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