In this course, participants will develop an understanding of the intuitive foundations of asset and investment valuation, and how alternative valuation techniques may be used in practice. This is part of a Specialization in corporate finance created in partnership between the University of Melbourne and Bank of New York Mellon (BNY Mellon).
Dieser Kurs ist Teil der Spezialisierung Spezialisierung Essentials of Corporate Finance
von
Spezialisierung Essentials of Corporate FinanceThe University of MelbourneÜber diesen Kurs
6,557 kürzliche Aufrufe
Zertifikat zur Vorlage
Erhalten Sie nach Abschluss ein Zertifikat
100 % online
Beginnen Sie sofort und lernen Sie in Ihrem eigenen Tempo.
Kurs 4 von 5 in
Flexible Fristen
Setzen Sie Fristen gemäß Ihrem Zeitplan zurück.
Ca. 16 Stunden zum Abschließen
Englisch
Untertitel: Französisch, Portugiesisch (europäisch), Russisch, Englisch, Spanisch
Zertifikat zur Vorlage
Erhalten Sie nach Abschluss ein Zertifikat
100 % online
Beginnen Sie sofort und lernen Sie in Ihrem eigenen Tempo.
Kurs 4 von 5 in
Flexible Fristen
Setzen Sie Fristen gemäß Ihrem Zeitplan zurück.
Ca. 16 Stunden zum Abschließen
Englisch
Untertitel: Französisch, Portugiesisch (europäisch), Russisch, Englisch, Spanisch
von
The University of 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.
Lehrplan - Was Sie in diesem Kurs lernen werden
3 Stunden zum Abschließen
Defining Attitudes Towards and Alternative Measures of Risk
This week we will define a statistical measure of stand-alone risk as being the standard deviation of returns. We will describe three alternative attitudes towards risk, settling on risk aversion as being the standard assumption made in financial markets. We will then analyse the impact of combining assets into a portfolio upon both risk and return and then quantify the benefits from diversification by comparing performance against a suitable benchmark.
3 Stunden zum Abschließen
6 Videos (Gesamt 58 min), 7 Lektüren, 2 Quiz
2 Stunden zum Abschließen
Linking risk with expected return
This week we differentiate between systematic and unsystematic risk and explain how the expected returns that are reflected in the prices of assets should be linked to only one type of risk. We illustrate how the Capital Asset Pricing Model might be used to link systematic risk with expected return and then discuss the empirical shortcomings of the model. This leads to a description of more advanced models and we conclude with a review of survey evidence that considers the approach taken by finance mangers of large listed firms in practice.
2 Stunden zum Abschließen
7 Videos (Gesamt 49 min), 1 Lektüre, 2 Quiz
2 Stunden zum Abschließen
Using financial statement analysis to measure cost of capital
This week we will explain the logical underpinnings of the Weighted Average Cost of Capital Formula and show how it might be estimated in practice by a firm. We will also consider the many challenges that might be faced in using this approach to estimating hurdle rates and conclude with a warning about the perverse outcomes that might occur if the technique is used in a haphazard manner.
2 Stunden zum Abschließen
5 Videos (Gesamt 41 min), 1 Lektüre, 2 Quiz
9 Stunden zum Abschließen
Addressing financial reality with real options analysis
This week we describe how standard NPV analysis might lead to incorrect decisions when we fail to account for the impact of (or upon) firm flexibility. We then describe the three most common types of real options that firms face in practice and then explain how decision trees might be used to arrive at an approximation of the value of the real option that is embedded within a project. We conclude by considering empirical evidence on the take-up of real options analysis and discuss the situations in which real options analysis might most be needed.
9 Stunden zum Abschließen
5 Videos (Gesamt 39 min), 4 Lektüren, 4 Quiz
Bewertungen
Top-Bewertungen von ALTERNATIVE APPROACHES TO VALUATION AND INVESTMENT
von D27. Dez. 2015
Excellent series of courses. Wish I had done a specialization and had more time to do a better job. Perhaps I will do the Capstone project.
von SM23. Juli 2018
the videos were very interesting though they were a bit longer as compared to the other courses, making this course more challenging
von SV29. Nov. 2018
The content in this course is more interesting than that of the previous three. This was my favourite course in the specialization.
von GG5. Feb. 2016
The pinnacle of all of the course. Overall, the structure is very well established from course 1-4 in the specialization.
Über den Spezialisierung Essentials of Corporate Finance
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.
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