What Is Finance Management?
December 3, 2024
Article
This course is part of Finance for Technical Managers Specialization
Instructor: Michael J. Readey, Ph.D.
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(76 reviews)
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Beginner level
No prior background knowledge or experience is required; however, it is recommended courses be completed in order.
(76 reviews)
Recommended experience
Beginner level
No prior background knowledge or experience is required; however, it is recommended courses be completed in order.
Understand the basics of financial management in an organization
Distinguish between job and activity-based costing and develop a product cost model
Learn the concept of time value of money (TVM) and apply it using spreadsheet analysis
Apply TVM principles to your personal finances and retirement planning
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This course discusses costs and business practices to establish the cost of a product. The concept of time value of money (TVM) is developed to determine the present and future values of a series of cash flows. TVM principles are then applied to personal finances and retirement planning. This is a practical course that uses spreadsheets to better prepare learners in engineering and science for a career in industry.
This course can be taken for academic credit as part of CU Boulder’s Master of Engineering in Engineering Management (ME-EM) degree offered on the Coursera platform. The ME-EM is designed to help engineers, scientists, and technical professionals move into leadership and management roles in the engineering and technical sectors. With performance-based admissions and no application process, the ME-EM is ideal for individuals with a broad range of undergraduate education and/or professional experience. Learn more about the ME-EM program at https://www.coursera.org/degrees/me-engineering-management-boulder.
Overview of the course and introduction to key financial principles.
8 videos2 readings3 assignments1 discussion prompt
Introduces types of costs and the break-even analysis; describes approaches to cost modeling and important cost estimation techniques.
9 videos1 reading4 assignments
Introduces types of inventory and how product cost is determined using the Job Cost and Activity-Based Cost methods.
6 videos3 assignments
Introduces the concept of time value of money (TVM) as it applies to investment decisions; develops and demonstrates the expressions for the future value of an investment based on initial investments, compounding interest rates, and periods of time; uses analytical and spreadsheet models to solve for a variety of investment situations.
7 videos5 assignments
Applies the principles of finance and time value of money (TVM) to one’s personal finances. Investments such as stocks, bonds, and funds are introduced, along with the concept of price volatility and its relationship to risk. Asset allocation theory is described in the context of creating an investment portfolio. These principles are then put into practice through constructing a personal retirement plan spreadsheet and retirement plan portfolio.
10 videos3 readings3 assignments1 programming assignment1 peer review
We asked all learners to give feedback on our instructors based on the quality of their teaching style.
CU Boulder is a dynamic community of scholars and learners on one of the most spectacular college campuses in the country. As one of 34 U.S. public institutions in the prestigious Association of American Universities (AAU), we have a proud tradition of academic excellence, with five Nobel laureates and more than 50 members of prestigious academic academies.
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This course is part of the following degree program(s) offered by University of Colorado Boulder. If you are admitted and enroll, your completed coursework may count toward your degree learning and your progress can transfer with you.¹
This course is part of the following degree program(s) offered by University of Colorado Boulder. If you are admitted and enroll, your completed coursework may count toward your degree learning and your progress can transfer with you.¹
University of Colorado Boulder
Degree · 24 months
University of Colorado Boulder
Degree · 2 years
¹Successful application and enrollment are required. Eligibility requirements apply. Each institution determines the number of credits recognized by completing this content that may count towards degree requirements, considering any existing credits you may have. Click on a specific course for more information.
76 reviews
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Reviewed on May 8, 2023
Excellent course. The instructor is fantastic and content really well delivered.
Reviewed on Mar 23, 2023
Fantastic course! The professor is doing a great job explaining the topics and the course structure is very pleasant too.
Reviewed on May 10, 2024
Excellent course, all the concepts are very well explained, and the course material is great.
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Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
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