• 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
  • Course Type:
    Instructor-led on a course schedule

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 ​3​: Financial ​Management is highly recommended.

About this course

Skip About this course

Want to be ahead of your competitors? Learn to employ long-term strategic financial management tools to be years ahead of your competitors. Planning for your corporation's financial future brings value to today and tomorrow.

An organization’s long-term financial health and success depends on critical financial planning that spans multiple years. This course, part of the Accounting and Financial Management MicroMasters program, explores the long-term financial environment of corporations, including options and futures, capital budgeting, capital structure management, dividend and share re-purchase policies, and investment banking and restructuring. You will learn how financial managers analyze various types of long-term funding sources, including term loans, derivatives, debt an equity securities, and leases. Learners will evaluate alternate policies with regard to financial leverage, capital structure, dividends, and the issuance of preferred stock. You will examine mergers, leveraged buyouts, and divestitures as special situations to create value.

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. See the MicroMasters program page for more information.

What you'll learn

Skip What you'll learn
  • Capital budgeting and long-term financial strategies to minimize risks
  • The use of analytical tools to evaluate risks and returns on capital investments
  • Analytical tools to determine corporation’s optimal capital structure
  • How to apply a dividend policy to achieve corporate and shareholder goals
  • Critical assessment of the interaction between investment and financing decisions

Week 1: Weighted Average Cost of Capital
Learn how companies determine their cost of financing. A company may finance with debt, equity, or preferred stock. Further, companies may use retained earnings or a new stock issue to finance purchases and or expansions.
Week 2: Capital Investment Decisions
Learn how companies decide which new projects to invest in. In some cases companies may start multiple projects at the same time. In other cases they may have to choose between projects.
Week 3: Capital Structure and Leverage
Learn how companies minimize their cost of financing. Tax rates, stock market policies, and interest rates will all effect how companies finance their projects.
Week 4: Dividends and Share Re-purchase Agreements
Learn how companies decide if they should pay out dividends or buy back stock. Some companies pay high dividends, some no dividends. Issues such as country risk, accounting scandals, and tax policy all effect these decisions.
Week 5: International Financial Management
Learn how companies decide if they should invest overseas, and how they manage international risks. Currency values change, and many countries are unstable. Is the potential profit from international investing worth the risk?
Week 6: Introduction to Options
Learn how companies’ value and use, call and put options. Further, you will learn how options are used to speculate, manage risk, and give management incentives are discussed.
Week 7: Derivatives and Hedging Risks
Learn how companies use derivatives to manage risk. Futures and forwards can be used to help companies’ control their future costs, or to speculate in commodities, stocks, or currencies.
Week 8: Final assessment

Meet your instructors

Kirby Cundiff
Program Chair, Financial Management
University of Maryland Global Campus

Pursue a Verified Certificate to highlight the knowledge and skills you gain
$249 USD

View a PDF of a sample edX certificate
  • Official and Verified

    Receive an instructor-signed certificate with the institution's logo to verify your achievement and increase your job prospects

  • Easily Shareable

    Add the certificate to your CV or resume, or post it directly on LinkedIn

  • Proven Motivator

    Give yourself an additional incentive to complete the course

  • Support our Mission

    EdX, a non-profit, relies on verified certificates to help fund free education for everyone globally

Frequently asked questions

Important Information

Accounting and Financial Management

Thank you for your interest in the MicroMasters Program in Accounting and Financial Management. Please note that this program is being discontinued. No courses will be offered after December 2020. The schedule for the final offering of each course in this program is provided below. In order to transfer these courses to UMGC, you will need to purchase the Verified Certificate, complete, and pass all 4 courses. If you are currently in the first course of this program (Financial Decision Making), you will need to purchase the Verified Certificate by June 2, 2020. We apologize for any inconvenience this may cause.

  1. Financial Decision Making - 5/5/20 - 6/30/20
  2. Financial Accounting for Corporations - 7/14/20 - 9/8/20
  3. Financial Management in Organizations - 9/22/20 - 11/17/20
  4. Long-term Financial Management - 12/1/20 - 1/26/21

How long does a student have to apply to and complete the full UMGC degree?

To ensure that your program remains relevant and up-to-date, UMGC sets time limits for completing a program. Students have five (5) consecutive years from the start of the graduate degree to complete their degree. For students who start with a MicroMasters, their “time clock” begins on the date that they complete their last course in the MicroMasters program and receive their Verified Certificate. This means that students should apply to UMGC promptly to begin the degree and have as much time as possible to complete it.

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.