This course is part of the Essentials of Corporate Finance Specialization

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Paul Kofman +1 more instructor

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Essentials of Corporate Finance SpecializationThe University of Melbourne

About this Course

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In this course, participants will learn about the key financial decisions modern corporations face, as well as the alternative methods that can be employed to optimize the value of the firm’s assets. This is part of a Specialization in corporate finance created in partnership between the University of Melbourne and Bank of New York Mellon (BNY Mellon).

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Course 3 of 5 in the

Essentials of Corporate Finance Specialization

Approx. 11 hours to complete

English

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Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Coursera Labs

Includes hands on learning projects.

Learn more about Coursera Labs

Course 3 of 5 in the

Essentials of Corporate Finance Specialization

Approx. 11 hours to complete

English

Could your company benefit from training employees on in-demand skills?

Try Coursera for Business

Instructors

Instructor rating

4.77/5 (21 Ratings)

Paul Kofman

Dean, Faculty of Business and Economics

Sidney Myer Chair of Commerce

80,359 Learners

5 Courses

Sean Pinder

Associate Professor

Faculty of Business and Economics

80,359 Learners

5 Courses

Offered by

The University of Melbourne

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Syllabus - What you will learn from this course

Content Rating95%(1,564 ratings)

Week1

Week 1

3 hours to complete

Alternative Approaches to Making the Optimal Investment Decision

3 hours to complete

7 videos (Total 56 min), 7 readings, 2 quizzes

7 videos

Corporate Financial Decision-Making for Value Creation - Overview2m1.0 Welcome and Introduction4m1.1 Discounted Cash Flow Analysis8m1.2 Net Present Value Analysis9m1.3 Internal Rate of Return Analysis11m1.4 Alternatives to DCF Techniques8m1.5 Sensitivity Analysis11m

7 readings

Course Syllabus10mYour Teaching Team10mWeek 1 Outline10mStart of Course Survey10mResources10mSocial Media10mStudy Tools and Tips10m

2 practice exercises

Week 1 practice quiz - This quiz does not contribute to your final grade30mWeek 1 graded quiz - This quiz contributes 10% towards your final grade30m

Week2

Week 2

2 hours to complete

Raising Capital and the Choices Firms Face

In week 2 we will explain the mechanics behind how firms go to the market via an initial public offering (IPO) to raise new equity capital. We then demonstrate the impact of introducing debt on the returns to shareholders and highlight the different factors that influence debt levels for firms operating in different industries. We conclude by considering how firms make decisions about the optimal level of profits that should be returned to shareholders.

2 hours to complete

8 videos (Total 57 min), 1 reading, 2 quizzes

8 videos

2.0 Welcome and Introduction2m2.1 Raising Equity Capital 1: The IPO Process6m2.2 Raising Equity Capital 2: IPO Underpricing7m2.3 Raising Debt Capital 1: Introducing Financial Risk5m2.4 Raising Debt Capital 2: Explaining Differences in Debt Levels14m2.5 The Payout Decision12mBNY Mid Course Check-in7mMid Course Check-in with Sean Pinder1m

1 reading

Week 2 Outline10m

2 practice exercises

Week 2 practice quiz - This quiz does not contribute to your final grade30mWeek 2 graded quiz - This quiz contributes 10% towards your final grade30m

Week3

Week 3

2 hours to complete

Creating Value via Takeovers, Mergers and Corporate Restructuring

During week 3 we will explain how takeovers and mergers occur in practice, define the key terms used in the analysis of markets for corporate control and then develop an understanding of how changes in control might be objectively assessed via financial analysis. In addition to answering the question “how might we create wealth through growth?” we will also consider how value might be created by getting smaller in our review of the impact of corporate restructuring on shareholder wealth.

2 hours to complete

6 videos (Total 58 min), 1 reading, 2 quizzes

6 videos

3.0 Welcome and Introduction6m3.1 The Anatomy of an Acquisition7m3.2 The Financial Evaluation of a Takeover12m3.3 Establishing the Economic Rationale for Takeover Activity12m3.4 Corporate Restructuring via Spinoffs, Divestitures and Equity Carve-outs8m3.5 Empirical Evidence of the Wealth Impact of Mergers, Acquisitions and Corporate Restructuring10m

1 reading

Week 3 Outline10m

2 practice exercises

Week 3 practice quiz - This quiz does not contribute to your final grade30mWeek 3 graded quiz - This quiz contributes 10% towards your final grade30m

Week4

Week 4

4 hours to complete

Alternative Approaches to Risk Management

4 hours to complete

6 videos (Total 50 min), 4 readings, 4 quizzes

6 videos

4.0 Introduction2m4.1 Using Forwards and Futures to Manage Risk9m4.2 Introducing Options11m4.3 The Drivers of Option Values11m4.4 Caps, Floors and Collars3m4.5 Why Manage Risk?10m

4 readings

Week 4 Outline10mAcademic Integrity10mWhere To From Here? The Next Step.10mEnd of Course Survey10m

3 practice exercises

Week 4 practice quiz - This quiz does not contribute to your final grade30mWeek 4 graded quiz - This quiz contributes 10% towards your final grade30mCourse Final Exam - This quiz contributes 40% towards your final grade30m

Reviews

4.7

59 reviews

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20.69%
3 stars
2.79%
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1 star
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TOP REVIEWS FROM CORPORATE FINANCIAL DECISION-MAKING FOR VALUE CREATION

by LHSep 9, 2018

there are areas where the lecturer was not being horribly clear, but overall a good taster course

by DAFeb 21, 2016

Excellent course. I thought it was very much informative about the subject matter. I need to view the videos a few more times to gain more expertise over the subject matter.

by SSAug 7, 2016

Very good course to understand corporate finance..

by HMJun 28, 2020

Very challenging, but very informative. I enjoyed options and hope to learn more from the other courses in this series.

View all reviews

About the Essentials of Corporate Finance Specialization

Frequently Asked Questions

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

More questions? Visit the Learner Help Center.

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Corporate Financial Decision-Making for Value Creation

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