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Alternative Approaches to Valuation and Investment

Approx. 16 hours to complete

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Course Summary

This course teaches the principles and techniques of valuation. It covers various valuation methods, such as discounted cash flow, market multiples, and real options, and their application in different contexts.

Key Learning Points

Learn various valuation methods and their application in business contexts
Understand the importance of forecasting future cash flows and risks
Explore real options and their impact on valuations

Learning Outcomes

Ability to apply various valuation methods in different contexts
Ability to forecast future cash flows and risks
Ability to analyze real options and their impact on valuations

Prerequisites or good to have knowledge before taking this course

Basic knowledge of accounting and finance
Familiarity with financial statements

Course Difficulty Level

Intermediate

Course Format

Online
Self-paced

Similar Courses

Financial Modeling and Valuation
Corporate Finance Essentials

Related Education Paths

Notable People in This Field

CEO of Berkshire Hathaway
Investor and Author

Related Books

Description

In this course, participants will develop an understanding of the intuitive foundations of asset and investment valuation, and how alternative valuation techniques may be used in practice. 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).

View the MOOC promotional video here: http://tinyurl.com/h75pzt6

Outline

Defining Attitudes Towards and Alternative Measures of Risk
Alternative Approaches to Valuation and Investment - Overview
1.0 Welcome and Introduction
1.1 Measuring stand-alone risk (Just the same old standard deviations)
1.2 Alternative attitudes towards risk (I don’t hate risk, I’m just averse to it...)
1.3 Portfolio Return and Risk (The more the merrier…)
1.4 Defining the Diversification Benefit (It’s All About the Eggs and Baskets...)
Course Syllabus
Your Teaching Team
Week 1 Outline
Start of Course Survey
Resources
Social Media
Study Tools and Tips
Week 1 Practice Quiz - This quiz does not contribute to your final grade
Week 1 Graded Quiz - This quiz contributes 10% towards your final grade

Linking risk with expected return
2.0 Introduction
2.1 Unsystematic versus Systematic Risk (Getting rid of unrewarded risk)
2.2 Capital Asset Pricing Model (It’s all about the discount rate)
2.3 Empirical Evidence of the Capital Asset Pricing Model (Testing the untestable...)
2.4 Multi-factor Models and Evidence from the Field (Risk factors – the more the merrier!)
Mid Course Check-in
A View from Industry with BNY Mellon
Week 2 Outline
Week 2 Practice Quiz - This quiz does not contribute to your final grade
Week 2 Graded Quiz - This quiz contributes 10% towards your final grade

Using financial statement analysis to measure cost of capital
3.0 Using Financial Information to Estimate Cost of Capital (Introduction)
3.1 Foundations of the WACC (Finance is so WACC!)
3.2 WACC and Debt (WACC-Owe!)
3.3 WACC and Equity (Share the WACC-iness)
3.4 Issues with WACC (To WACC or not to WACC..?)
Week 3 Outline
Week 3 Practice Quiz - This quiz does not contribute to your final grade
Week 3 Graded Quiz - This quiz contributes 10% towards your final grade

Addressing financial reality with real options analysis
4.0 Introduction (One with all the options...)
4.1 The Problem with NPV (It always works… except when it doesn’t…)
4.2 Examples of Real Options in Practice (Is that an option in your project?)
4.3 Approximation of Real Option Values Using Decision Trees (Options do grow on trees!)
4.4 Empirical evidence and final points (Does anyone exercise their option to use real options?)
Week 4 Outline
Academic Integrity
Where to From Here? The Next Step.
End of Course Survey
Week 4 practice quiz - This quiz does not contribute to your final grade
Week 4 graded quiz - This quiz contributes 10% towards your final grade
Course Final Exam - This quiz contributes 40% towards your final grade

Summary of User Reviews

The Valuation course on Coursera has received positive reviews from many users. Students have praised the course for its comprehensive coverage of valuation techniques and practical applications. Overall, the Valuation course is highly recommended for anyone interested in learning about valuation.

Key Aspect Users Liked About This Course

The course is praised for its comprehensive coverage of valuation techniques and practical applications.

Pros from User Reviews

The course covers a wide range of valuation methods and techniques
The course includes practical applications and case studies
The instructors are knowledgeable and engaging

Cons from User Reviews

The course can be challenging for beginners
The course may be too basic for advanced learners
The course requires a significant time commitment

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