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Empfohlen: 4 weeks of study, 1-3 hours/week...

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Untertitel: Englisch

Kompetenzen, die Sie erwerben

Cash FlowFinancial StatementBalance SheetInvestment

100 % online

Beginnen Sie sofort und lernen Sie in Ihrem eigenen Tempo.

Flexible Fristen

Setzen Sie Fristen gemäß Ihrem Zeitplan zurück.

Ca. 9 Stunden zum Abschließen

Empfohlen: 4 weeks of study, 1-3 hours/week...

Englisch

Untertitel: Englisch

Lehrplan - Was Sie in diesem Kurs lernen werden

Woche
1
2 Stunden zum Abschließen

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.

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6 Videos (Gesamt 73 min), 2 Lektüren, 1 Quiz
6 Videos
1.1 Introduction: Criteria for Evaluating Projects6m
1.2 Time Value of Money19m
1.3 NPV Analysis of Projects16m
1.4 Other Evaluation Techniques15m
1.5 The Cost of Capital10m
2 Lektüren
PDFs of Lecture Slides10m
Excel Spreadsheets: Module 110m
1 praktische Übung
Evaluation Criteria: Module 1 Quiz20m
Woche
2
2 Stunden zum Abschließen

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.

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5 Videos (Gesamt 63 min), 1 Lektüre, 1 Quiz
5 Videos
2.2 Analyzing Incremental After-Tax Flows - Operating Phase12m
2.3 Analyzing Incremental After-Tax Flows - Terminal Phase6m
2.4 Example: New Production Machine12m
2.5 Key Considerations in Evaluations19m
1 Lektüre
PDFs of Lecture Slides10m
1 praktische Übung
How to Evaluate Projects: Module 2 Quiz22m
Woche
3
1 Stunde zum Abschließen

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.

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3 Videos (Gesamt 52 min), 1 Lektüre, 1 Quiz
3 Videos
3.2 Balance Sheets and Income Statements15m
3.3 Cash Flow Statements17m
1 Lektüre
PDFs of Lecture Slides10m
1 praktische Übung
Financial Statements and Forecasting: Module 3 Quiz20m
Woche
4
2 Stunden zum Abschließen

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.

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6 Videos (Gesamt 51 min), 2 Lektüren, 1 Quiz
6 Videos
4.2 Forecasting Future Cash Flows11m
4.3 NPV and IRR Calculations5m
4.4 Formulation and Evaluation of Alternative Scenarios15m
4.5 Expanding Beyond the Time Horizon9m
Course Conclusion28
2 Lektüren
PDFs of Lecture Slides10m
Excel Spreadsheets: Module 410m
1 praktische Übung
Calculating Value: Module 4 Quiz20m
4.6
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ziehen Sie für Ihren Beruf greifbaren Nutzen aus diesem Kurs

Top reviews from Decision-Making and Scenarios

von 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!

von 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.

Dozenten

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Richard Lambert

Professor of Accounting
Accounting- Wharton School
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Robert W. Holthausen

Professor
Accounting

Über 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. ...

Über die Spezialisierung 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

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