Finance
Budgets, forecasts and the models behind business decisions.
- Self-paced
- 8–10 weeks
- 25+ hrs
- Credential included
Curriculum
6 subjects · 13 chapters · 52 topics
- 01
Financial Foundations
1.1 The financial system
- Money, markets and institutions
- Primary and secondary markets
- Regulators and their role
- Financial instruments overview
1.2 Time value of money
- Present and future value
- Annuities and perpetuities
- Compounding frequency
- Building a discounting model
- 02
Accounting for Finance
2.1 Financial statements
- Balance sheet
- Profit and loss account
- Cash flow statement
- How the three link together
2.2 Reading the numbers
- Liquidity and solvency ratios
- Profitability and efficiency ratios
- Common-size and trend analysis
- Red flags in the accounts
- 03
Corporate Finance
3.1 Capital budgeting
- NPV and IRR
- Payback and discounted payback
- Sensitivity and scenario analysis
- Choosing between projects
3.2 Capital structure
- Debt versus equity
- Cost of capital and WACC
- Leverage and its risks
- Dividend policy
3.3 Working capital
- Inventory, receivables and payables
- The cash conversion cycle
- Short-term financing
- Cash forecasting
- 04
Investments and Valuation
4.1 Asset classes
- Equity
- Debt and bonds
- Mutual funds and ETFs
- Alternatives
4.2 Valuation
- Discounted cash flow
- Relative valuation and multiples
- Terminal value assumptions
- Sanity-checking a valuation
4.3 Risk and return
- Expected return and volatility
- Diversification and portfolio theory
- Beta and CAPM
- Risk-adjusted performance
- 05
Financial Modelling
5.1 Building a model
- Model structure and conventions
- Linking the three statements
- Assumptions and drivers
- Error checking
5.2 Analysis in Excel
- Key financial functions
- Scenario manager and data tables
- Charts for financial reporting
- Presenting a model to others
- 06
Applied Finance
6.1 Practice
- Analysing a real company's annual report
- Building a valuation
- Writing an investment note
- Presenting the recommendation
