Finance Corporate Finance

Corporate Finance: Decisions, Valuation, and Value Creation

A practical guide to capital budgeting, valuation, capital structure, and working capital with Professor Michael Edwards

Corporate Finance: Decisions, Valuation, and Value Creation logo
Quick Course Facts
17
Self-paced, Online, Lessons
17
Videos and/or Narrated Presentations
5.8
Approximate Hours of Course Media
About the Corporate Finance: Decisions, Valuation, and Value Creation Course

Corporate Finance: Decisions, Valuation, and Value Creation is a Finance course designed to help you make smarter investment, funding, and valuation decisions in real business settings. Through a clear, practical approach, you will learn how financial statements, cash flows, and risk shape corporate outcomes and long-term value.

Master Corporate Finance To Make Better Value Decisions

  • Build a strong foundation in Corporate Finance and the value-creation mindset
  • Learn A practical guide to capital budgeting, valuation, capital structure, and working capital with Professor Michael Edwards
  • Apply Finance tools to evaluate investments, manage risk, and estimate business value
  • Develop practical skills you can use in real-world decision-making, from DCF analysis to dividend policy

A practical guide to capital budgeting, valuation, capital structure, and working capital with Professor Michael Edwards

This Corporate Finance course takes you step by step through the tools managers use to create value, assess performance, and choose between competing opportunities. You will begin with the foundations of Finance and learn how financial statements reveal a company’s health, then move into time value of money, cash flow forecasting, and investment appraisal methods such as NPV, IRR, and profitability index.

As you progress, you will explore the cost of capital, CAPM, debt financing, and weighted average cost of capital, giving you a solid framework for pricing risk and evaluating returns. The course also covers capital budgeting under uncertainty, business valuation with discounted cash flow, capital structure tradeoffs, working capital management, dividend policy, and mergers and acquisitions. Each topic is designed to connect theory to practice so you can analyze financial decisions with confidence.

By the end of this Corporate Finance learning experience, you will be better prepared to interpret financial information, justify investment choices, and assess how corporate actions affect value. You will finish with a stronger command of Finance and a more practical, decision-focused way of thinking about business performance and value creation.

Course Lessons

Full lesson breakdown

Lessons are organized by topic area and each includes descriptive copy for search visibility and student clarity.

Foundations of Corporate Finance

1 lesson

Corporate finance is the set of decisions that determine how a business raises capital, invests it, and returns value to its owners. In this opening lesson, Professor Michael Edwards frames the course…

Reading Business Performance

1 lesson

Lesson 2: The Financial Statements and What They Tell Managers

20 min
This lesson explains how managers read the income statement , balance sheet , and cash flow statement to understand business performance. The focus is not on bookkeeping mechanics, but on the financia…

Building the Valuation Toolkit

1 lesson

Lesson 3: Time Value of Money and Discounting Basics

20 min
This lesson introduces the core mechanics behind valuation: why a dollar today is worth more than a dollar received later, and how discounting converts future cash flows into present values. By the en…

From Accounting Profit to Cash Flow

1 lesson

Lesson 4: Cash Flow Forecasting for Corporate Decisions

22 min
This lesson shows how to move from accounting profit to cash flow for corporate decision-making. You will learn why earnings can be useful but incomplete, how to forecast operating cash flow, and how …

Core Investment Appraisal

1 lesson

Lesson 5: Present Value, Net Present Value, and Decision Rules

20 min
This lesson introduces the time value of money as the foundation of investment appraisal. You will learn how to calculate present value, interpret net present value, and apply decision rules that help…

Comparing Investment Opportunities

1 lesson

Lesson 6: Internal Rate of Return and Profitability Index

18 min
This lesson explains two common capital budgeting metrics used to compare investment opportunities: internal rate of return (IRR) and profitability index (PI) . You will learn how IRR estimates the di…

Pricing Capital Correctly

1 lesson

Lesson 7: Risk, Return, and the Cost of Capital

22 min
This lesson explains how to think about risk, return, and the cost of capital when a company decides whether an investment is worth pursuing. You will see why investors demand higher returns for takin…

Equity Risk and Expected Return

1 lesson

Lesson 8: Estimating the Cost of Equity with CAPM

20 min
This lesson shows how to estimate a company’s cost of equity using the Capital Asset Pricing Model (CAPM) . You will see how the required return on equity links risk to expected return, how to interpr…

Borrowing and Leverage

1 lesson

Lesson 9: Debt Financing, Interest, and Credit Risk

18 min
This lesson explains how companies use debt financing to raise capital, what interest rates really represent, and how lenders assess credit risk before extending a loan. You will see how debt can ampl…

Combining Sources of Capital

1 lesson

Lesson 10: Weighted Average Cost of Capital in Practice

22 min
This lesson shows how to calculate and use the weighted average cost of capital in real corporate finance decisions. You will see how to combine the costs of debt, equity, and sometimes preferred stoc…

Investment Decisions with Risk

1 lesson

Lesson 11: Capital Budgeting Under Uncertainty

20 min
This lesson shows how to evaluate capital projects when future outcomes are uncertain. You will learn practical ways to identify key risks, estimate scenario-based cash flows, adjust discount rates, a…

Valuing the Firm

1 lesson

Lesson 12: Business Valuation with Discounted Cash Flow

25 min
Discounted Cash Flow (DCF) is one of the most widely used methods for valuing a business because it connects value to the cash the firm can generate in the future. In this lesson, Professor Michael Ed…

Debt, Equity, and Firm Value

1 lesson

Lesson 13: Capital Structure Theory and Real-World Tradeoffs

20 min
This lesson explains how capital structure affects firm value and why the “best” mix of debt and equity depends on real-world tradeoffs, not just theory. Professor Edwards introduces the core logic be…

Managing Short-Term Resources

1 lesson

Lesson 14: Working Capital Management and Liquidity

18 min
Working capital management is about keeping a business liquid enough to operate smoothly without tying up too much cash in day-to-day operations. In this lesson, we focus on the core current assets an…

Returning Capital to Owners

1 lesson

Lesson 15: Dividend Policy and Shareholder Payouts

18 min
Dividend policy is the set of decisions a company makes about how much cash to return to shareholders and how to return it . In this lesson, Professor Michael Edwards explains the core payout tools: r…

Corporate Transactions

1 lesson

Lesson 16: Mergers, Acquisitions, and Value Assessment

22 min
This lesson explains how mergers and acquisitions can create or destroy value, and how to assess a deal before signing. You will learn the core strategic motives for M&A, the main deal structures, and…

Applying the Toolkit

1 lesson

Lesson 17: Real-World Corporate Finance Case Analysis

25 min
This lesson pulls together the core corporate finance toolkit in a realistic case setting. You will evaluate a capital investment, test the assumptions behind the forecast, estimate value creation, an…
About Your Instructor
Professor Michael Edwards

Professor Michael Edwards

Professor Michael Edwards guides this AI-built Virversity course with a clear, practical teaching style.