• Length:
    8 Weeks
  • Effort:
    8–10 hours per week
  • Price:

    FREE
    Add a Verified Certificate for $249 USD

  • Institutions
  • Subject:
  • Level:
    Advanced
  • Language:
    English
  • Video Transcript:
    English

Associated Programs:

Prerequisites

To ​pursue a MicroMasters certificate in Accounting and Financial Management, an undergraduate degree from an accredited college or university is required.  If you are not pursuing a MicroMasters certification, Course 2: Financial Accounting for Corporations is highly recommended.

About this course

Want to learn how to make your corporation’s money make money? In this course you will learn how to compare various investment types, select the most viable financial investment opportunity, and maximize your corporation’s wealth. If you want to get a better understanding of how Wall Street works, this course is for you.

You will learn how financial managers use discounted cash flow and rate-of-return analyses to evaluate projects and financial instruments, the role of the cost of capital and the Capital Asset Pricing Model (CAPM) in capital investment analysis and selection, capital budgeting, stock and bond valuation, break-even analysis, capital market efficiency, real options, short-term financial management, and be introduced to international finance.

This course is part of the Accounting and Financial Management MicroMaster’s program from UMGC. Upon completion of the program and receipt of the verified MicroMaster’s certificate, learners may then transition into the full UMGC Master’s Program in Accounting and Financial Management without any application process or testing. See the MicroMasters program page for more.

What you'll learn

  • How to analyze the functions of corporate financial management
  • Apply the principles of shareholder and stakeholder value-based financial management
  • The effect interest rates and financial markets have on corporate financial performance
  • How to perform financial ratio analyses
  • Ways to apply the principles of financial planning and control
Week 1: Overview of Corporate Financial Management
An overview of corporate financial management, including the goal of the firm, agency costs, different ownership contracts, and a review of financial statements and financial ratios.

Week 2: Time Value of Money

Learn how financial managers use time value of money to compute various financial metrics, including net present value, internal rate of return, and the discounted payback period. Further you will learn various rules of investments to value alternative investment opportunities.

Week 3: Capital Asset Pricing Model (CAPM)

Learn how managers use the capital asset pricing model (CAPM) to assess the risk and return of various capital asset investment opportunities. You will also learn how financial managers use lessons from market history to help formulate current day decisions.

Week 4: Interest Rates and Bond Valuations

Learn how managers integrate interest rates and projected interest rate fluctuations when making financial decisions that may include additional corporate debt. Further, you will learn the determinants of bond yields, and clean vs. dirty prices.

Week 5: Stock Valuation

Learn how publically traded stock is valued at its initial public offering and on publically traded stock exchanges, such as the New York Stock Exchange.

Week 6: Short-term Finance and Planning

Learn how managers use short-term financing for operational needs and conduct financial planning to minimize the need to borrow for short-term liabilities.

Week 7: Cash Management and Credit and Inventory Management

Learn how financial managers decide whether to use cash and or borrowed funds to purchase inventory and fund other operational needs.

Week 8: Final assessment

Meet your instructors

Jayanta Sen
Program Chair of Financial Management
University of Maryland Global Campus

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Who can take this course?

Unfortunately, learners from one or more of the following countries or regions will not be able to register for this course: Iran, Cuba and the Crimea region of Ukraine. While edX has sought licenses from the U.S. Office of Foreign Assets Control (OFAC) to offer our courses to learners in these countries and regions, the licenses we have received are not broad enough to allow us to offer this course in all locations. EdX truly regrets that U.S. sanctions prevent us from offering all of our courses to everyone, no matter where they live.