- From www.edx.org
Long-term Financial Management
- 8 Sequences
- Advanced Level
- Starts on November 30, 2020
- Ends on January 26, 2021
Course details
Syllabus
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
Prerequisite
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.
Instructors
Kirby Cundiff
Program Chair, Financial Management
University of Maryland Global Campus
Editor
The University of Maryland is the state's flagship university and one of the nation's leading public research universities. A world leader in research, entrepreneurship and innovation, the university is home to more than 37,000 students, 9,000 faculty and staff, and 250 academic programs.
Its faculty includes three Nobel laureates, three Pulitzer Prize winners, 47 members of national academies and a large number of Fulbright scholars. The institution has an operating budget of $1.8 billion, raises $500 million a year in external research funding and recently completed a $1 billion fundraising campaign.
Platform
Harvard University, the Massachusetts Institute of Technology, and the University of California, Berkeley, are just some of the schools that you have at your fingertips with EdX. Through massive open online courses (MOOCs) from the world's best universities, you can develop your knowledge in literature, math, history, food and nutrition, and more. These online classes are taught by highly-regarded experts in the field. If you take a class on computer science through Harvard, you may be taught by David J. Malan, a senior lecturer on computer science at Harvard University for the School of Engineering and Applied Sciences. But there's not just one professor - you have access to the entire teaching staff, allowing you to receive feedback on assignments straight from the experts. Pursue a Verified Certificate to document your achievements and use your coursework for job and school applications, promotions, and more. EdX also works with top universities to conduct research, allowing them to learn more about learning. Using their findings, edX is able to provide students with the best and most effective courses, constantly enhancing the student experience.