This course is part of the Essentials of Corporate Finance Specialization

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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.

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

79,240 Learners

5 Courses

Sean Pinder

Associate Professor

Faculty of Business and Economics

79,240 Learners

5 Courses

Offered by

The University of Melbourne

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Syllabus - What you will learn from this course

Content Rating95%(1,555 ratings)

Week

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 - Overview2m

1.0 Welcome and Introduction4m

1.1 Discounted Cash Flow Analysis8m

1.2 Net Present Value Analysis9m

1.3 Internal Rate of Return Analysis11m

1.4 Alternatives to DCF Techniques8m

1.5 Sensitivity Analysis11m

7 readings

Course Syllabus10m

Your Teaching Team10m

Week 1 Outline10m

Start of Course Survey10m

Resources10m

Social Media10m

Study Tools and Tips10m

2 practice exercises

Week 1 practice quiz - This quiz does not contribute to your final grade30m

Week 1 graded quiz - This quiz contributes 10% towards your final grade30m

Week

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 Introduction2m

2.1 Raising Equity Capital 1: The IPO Process6m

2.2 Raising Equity Capital 2: IPO Underpricing7m

2.3 Raising Debt Capital 1: Introducing Financial Risk5m

2.4 Raising Debt Capital 2: Explaining Differences in Debt Levels14m

2.5 The Payout Decision12m

BNY Mid Course Check-in7m

Mid 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 grade30m

Week 2 graded quiz - This quiz contributes 10% towards your final grade30m

Week

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 Introduction6m

3.1 The Anatomy of an Acquisition7m

3.2 The Financial Evaluation of a Takeover12m

3.3 Establishing the Economic Rationale for Takeover Activity12m

3.4 Corporate Restructuring via Spinoffs, Divestitures and Equity Carve-outs8m

3.5 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 grade30m

Week 3 graded quiz - This quiz contributes 10% towards your final grade30m

Week

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 Introduction2m

4.1 Using Forwards and Futures to Manage Risk9m

4.2 Introducing Options11m

4.3 The Drivers of Option Values11m

4.4 Caps, Floors and Collars3m

4.5 Why Manage Risk?10m

4 readings

Week 4 Outline10m

Academic Integrity10m

Where To From Here? The Next Step.10m

End of Course Survey10m

3 practice exercises

Week 4 practice quiz - This quiz does not contribute to your final grade30m

Week 4 graded quiz - This quiz contributes 10% towards your final grade30m

Course 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%
2 stars
0.93%
1 star
0.23%

TOP REVIEWS FROM CORPORATE FINANCIAL DECISION-MAKING FOR VALUE CREATION

by EBOct 15, 2020

It was very nice to join this course. The most important point for all sector is to give financial decision at this very volatile market. This course will give good insight to approach this target.

by SVSep 10, 2017

Good course. Gives you better knowledge of IPOs and dividend policies.

by VAOct 26, 2020

its help me lot i learned lot of things in this course

by LHSep 9, 2018

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

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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