Product Cost and Investment Cash Flow Analysis

Product Cost and Investment Cash Flow Analysis

This course is part of Finance for Technical Managers Specialization

Instructor: Michael J. Readey, Ph.D.

Top Instructor

What you'll learn

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

Skills you'll gain

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

18 assignments

Taught in English

See how employees at top companies are mastering in-demand skills

Learn more about Coursera for Business

Build your subject-matter expertise

This course is part of the Finance for Technical Managers Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

Learn new concepts from industry experts
Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate

Earn a career certificate

Add this credential to your LinkedIn profile, resume, or CV

Share it on social media and in your performance review

There are 5 modules in this course

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.

What's included

8 videos2 readings3 assignments1 discussion prompt

8 videosTotal 80 minutes

Course Introduction4 minutesPreview module
Week 1 Introduction 1 minute
Course Overview9 minutes
Course Mechanics9 minutes
Introduction to Finance14 minutes
Goal of Financial Management15 minutes
The Capital Allocation Process15 minutes
Access to Capital9 minutes

2 readingsTotal 18 minutes

Welcome and Where to Find Help10 minutes
YouTube Video: The Story of Muhammad Yunus8 minutes

3 assignmentsTotal 75 minutes

Overview of Finance and Accounting15 minutes
The Capital Allocation Process30 minutes
Financial Challenge #130 minutes

1 discussion promptTotal 10 minutes

Introduce Yourself!10 minutes

Introduces types of costs and the break-even analysis; describes approaches to cost modeling and important cost estimation techniques.

What's included

9 videos1 reading4 assignments

9 videosTotal 117 minutes

Week 2 Introduction1 minutePreview module
Types of Costs15 minutes
Break-Even Analysis15 minutes
Discrete Cost Models18 minutes
A Real Engineering Problem7 minutes
Continuous Cost Models15 minutes
Cost Estimation Overview13 minutes
Cost Estimation Techniques16 minutes
Learning Curve Analysis14 minutes

1 readingTotal 10 minutes

Residential Solar PV: Background & Instructions 10 minutes

4 assignmentsTotal 120 minutes

Types of Costs and the Break-Even Point30 minutes
Cost Estimation Techniques30 minutes
Residential Solar PV Viability Study30 minutes
Financial Challenge #230 minutes

Introduces types of inventory and how product cost is determined using the Job Cost and Activity-Based Cost methods.

What's included

6 videos3 assignments

6 videosTotal 54 minutes

Week 3 Introduction1 minutePreview module
All About Inventory9 minutes
Introduction to Job Cost Analysis6 minutes
Into the Weeds of Job Cost Analysis12 minutes
Manufacturing Overhead Allocation11 minutes
Activity-Based Cost Analysis12 minutes

3 assignmentsTotal 90 minutes

All About Inventory30 minutes
Job Cost Analysis30 minutes
Financial Challenge #330 minutes

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.

What's included

7 videos5 assignments

7 videosTotal 86 minutes

Week 4 Introduction 1 minutePreview module
Introduction to TVM11 minutes
Simple and Compound Interest19 minutes
Single Payment Cash Flows13 minutes
Multiple Payment Cash Flows10 minutes
Excel to the Rescue20 minutes
More Excel to the Rescue10 minutes

5 assignmentsTotal 100 minutes

Time Value of Money and Interest10 minutes
Single Payment Cash Flows15 minutes
Multiple Payment Cash Flows15 minutes
Cash Flows and the Power of Excel30 minutes
Financial Challenge #430 minutes

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.