Understand what finance is, how it works, and what its tools are. Finance is not only useful in everyday life, but also in the professional world. Whatever your area of expertise: whether it is marketing, communication, logistics, law, or human resources, whether you are an engineer or manager of a business unit, you have to deal with financial concepts: business planning, profitability, financing, value creation, etc. In organizations around the world, mastering the basics of finance is quickly becoming a prerequisite.
Can you picture an entrepreneur meeting his investor, accountant or banker without speaking his language?
This online course is for all those looking to better understand the fundamental notions of finance. In the introductory phase we will answer some of the following questions: What is the role of finance? What is the cost of money and what is an investor? What is the role of a CFO? What is the difference between debt and equity? What are the famous financial markets?
After setting the stage, we will focus on the investor: what are her tools, what is risk and how is it measured? We will then move on to the tools of Corporate Finance: balance sheet, income statement, cash flow statement, etc. Finally, we will look at how investors and Corporate Finance professionals interact: debt and equity instruments, concept of value creation, company valuation, financing options, etc
Our course concludes with hands-on exercises and case studies designed to test and validate your newly acquired financial skills.
This 7-week MOOC has been created by Pascal QUIRY, Affiliate Professor at HEC Paris, and it is delivered by Mungo Wilson, Associate professor of Financial Economics at University of Oxford’s Saïd Business School.
Thanks to this hands-on course, you will master the essentials of finance !
> The role of finance in a business
> The cost of money or interest rate
> The three key responsibilities of a CFO
> Equity and debt
> The different types of investors
> The role of financial markets
> The role of banks
> Risks in finance
> Cash flows
> The income statement: rationale
> Walking through from earnings to cash flows
> The balance sheet: rationale
> The balance sheet: fixed assets and working capital
> The cash flow statement: rationale
> The cash flow statement analysis
> The required rate of return
> Value and corporate finance
> Measuring value creation
> Valuation techniques: peer comparison and intrinsic value methods
> Overview of financing choices
> Conclusion: fundamentals of corporate finance
ASSOCIATE PROFESSOR OF FINANCE – SAïD BUSINESS SCHOOL/UNIVERSITY OF OXFORD
Mungo Wilson is an associate professor of financial economics at Oxford University’s Said Business School. He holds a Ph.D. in economics from Harvard University and prior to becoming an academic worked as a lawyer in the City of London.
He has also taught at Hong Kong University of Science & Technology and at the London School of Economics.
MOOC & ATTESTATION
> Videos (about 10 min each) online every week
> 2 live sessions
> Forum to discuss with fellow learners and the lecturer
> Quiz to validate learning outcomes
> Weekly Interactive Challenges