This course introduces the student to the essential elements of finance for business. Emphasis is placed on financial management, financial markets, and the tools, techniques, and methodologies used in making financial decisions. Topics include: financial statement analysis, time value of money, financial markets and institutions, risk and return, financial planning, and international finance.
This undergraduate course is 5 weeks.
Attendance and participation are mandatory in all university courses, and specific requirements may differ by course. If attendance requirements are not met, a student may be removed from the course. Please review the Course Attendance Policy in the Catalog for more information.
Topics and Objectives
Finance and Financial Statement Analysis
- Summarize the role of finance in business, the goal of the firm, and agency theory.
- Evaluate a firm’s historic and projected future performance from its financial ratios.
Time Value of Money
- Identify time value of money (TVM) concepts and their applicability to corporate financial analysis.
- Apply the time value of money inputs (Present Value, Future Value, Rate, Number of Periods and Payment) to business and personal financial applications.
Bond Valuation and Stock Valuation
- Calculate the price and yield of a corporate bond using time value of money (TVM) inputs.
- Determine the value of common stocks using the dividend discount model and the constant growth rate model.
Risk and the Cost of Capital
- Explain the concepts of risk, standard deviation, correlation, diversification and Beta.
- Calculate the weighted average cost of capital.
Project Cash Flows and Capital Budgeting
- Compute a project’s cash flows.
- Calculate decision tools of net present value, payback, internal rate of return, modified internal rate of return, and the profitability index.
The University of Phoenix reserves the right to modify courses.
While widely available, not all programs are available in all locations or in both online and on-campus formats. More information about eligibility requirements, policies, and procedures can be found in the catalog.
Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.