Free Online Course on Free Cash Flow Method for Firm Valuation

Free Online Course on Free Cash Flow Method for Firm Valuation
Certificate fee scholarship is available for this course.

Institution: Columbia University
Start Date: November 8, 2017

The Columbia University is delighted to announce a free online course on the Free Cash Flow Method for Firm Valuation. Throughout the course, you will learn how to construct Excel models to value firms by completing hands on activities. You will also learn that how to use the free cash flow method for firm valuation and how to compute and project free cash flows. In the course follow Professor Wolfenzon’s lead to learn how the free cash flow method is applied to value firms. In this course, learners will begin to apply the lessons and concepts from Introduction to Corporate Finance as they begin to discuss basics of firm valuation. The course will start on November 8, 2017.

Course Summary

  • Duration: 4 weeks
  • Commitment: 3-4 hours per week
  • Subject: Economics & Finance
  • Institution: Columbia University
  • Languages:English
  • Price:Free
  • Session:Starts on November 8, 2017
  • Requirement:Basic skills in Microsoft Excel and basic concepts of Accounting
  • Certificate Available:Yes

Providers Details

  • About University:Columbia University (Columbia- officially Columbia University in the City of New York), is a private institution that was founded in 1754, New York City. It is often cited as one of the world’s most prestigious universities. Columbia contains the oldest college in the state of New York and is the fifth chartered institution of higher learning in the United States, making it one of nine colonial colleges founded prior to the Declaration of Independence. It was established as King’s College by royal charter of George II of Great Britain and renamed Columbia College in 1784 following the American Revolutionary War.
  • Missionof University:The University recognizes the importance of its location in New York City and seeks to link its research and teaching to the vast resources of a great metropolis. It seeks to attract a diverse and international faculty and student body, to support research and teaching on global issues, and to create academic relationships with many countries and regions. Columbia University is one of the world’s most important centers of research and at the same time a distinctive and distinguished learning environment for undergraduates and graduate students in many scholarly and professional fields.

Target Audience

Students must be familiar with basic concepts of Accounting and have basic skills in Microsoft Excel (or equivalent). Students should have completed Introduction to Corporate Finance.

Where Could This Lead You

  • Importance of the Subject in Today’s Scenario: Free cash flow is important because it allows a company to pursue opportunities that enhance shareholder value. Without cash, it’s tough to develop new products, make acquisitions, pay dividends and reduce debt.Free cash flow (FCF) is a measure of a company’s financial performance, calculated as operating cash flow minus capital expenditures.
  • Your Career Option: If you’re wondering what your future could look like in this area, here are some potential careers you could head towards.
  1. Business Analyst
  2. Asset Management: Junior Equity Research Analyst
  3. Planning & Estimation Engineer
  4. Treasury Mid Office Manager
  5. Project Manager-Highways
  6. Operation Manager for Bank

Get Extra Benefits

Pursue a Verified Certificate to highlight the knowledge and skills you gain ($99)

  • Official and Verified: Receive an instructor-signed certificate with the institution’s logo to verify your achievement and increase your job prospects
  • Easily Shareable: Add the certificate to your CV or resume, or post it directly on LinkedIn
  • Proven Motivator: Give yourself an additional incentive to complete the course

How to Join This Course

You should register yourself through the given link of join this free online course: https://courses.edx.org/register?course_id=course-v1%3AColumbiaX%2BCORPFIN2x%2B2T2017&enrollment_action=enroll&email_opt_in=true

Course Format

  • Week 1: Firm Valuation Framework
  • Week 2: Calculation of Free Cash Flows
  • Week 3: Financial Ratios and Projection of Free Cash Flows
  • Week 4: Residual Value and Valuation Using Multiples
  • Week 5: Putting it All Together: Valuation Case Study

Learning Outcomes

At the end of this course, you’ll be able to know:

  • How to value a firm using the Enterprise Discounted Cash Flow Method
  • Project a firm’s cash flows
  • Calculate residual value
  • How to value a firm using multiples

Who Will You Learn With

Daniel Wolfenzon:Daniel Wolfenzon is the Stefan H. Robock Professor of Finance and Economics at Columbia Business School. He received a Masters and a PhD in economics from Harvard University and holds a BS in economics and a BS in mechanical engineering from MIT. He is also a Faculty Research Fellow at the National Bureau of Economic Research.

Suggested Reading

You can refer the book:Discounted Cash Flow: A Theory of the Valuation of Firms (The Wiley Finance Series) by Lutz Kruschwitz

Conclusion

  • Importance of Course:In this course, learners will begin to apply the lessons and concepts from Introduction to Corporate Finance as they begin to discuss basics of firm valuation. Follow Professor Wolfenzon’s lead to learn how the free cash flow method is applied to value firms. You will also learn about valuation using multiples. Throughout the course, you will learn how to construct Excel models to value firms by completing hands on activities.
  • Importance of Certificate:By the Certificate of Achievement you will be able to prove your success when applying for jobs or courses. You can display it on your LinkedIn or CV.

Detailed Information

For more information about the course, you may visit the given link:

https://www.edx.org/course/free-cash-flow-method-firm-valuation-columbiax-corpfin2x

Apply Now

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