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via Udemy |
Go to Course: https://www.udemy.com/course/corporate-finance-7-short-term-financing/
Certainly! Here is a comprehensive review and recommendation for the Coursera course on short-term financing options: --- **Course Review and Recommendation: Short-Term Financing Strategies in Corporate Finance** This Coursera course offers an insightful exploration into short-term financing options from a corporate finance perspective. Designed for students, finance professionals, and business managers, the course provides a practical understanding of how companies manage their short-term funding needs to optimize cash flow and maintain financial stability. **Course Content and Highlights:** - **In-Depth Coverage of Short-Term Financing Options:** The course delves into essential topics such as accounts payable, trade credit, bank credit, commercial paper, collateral, accounts receivable, and inventory financing. Students learn how companies extend payment terms, negotiate credit terms, and utilize different funding sources effectively. - **Practical Learning Through Examples and Exercises:** One of the standout features is the extensive use of example problems, both in presentation format and interactive Excel worksheets. The downloadable Excel workbooks, which include answer tabs and preformatted step-by-step worksheets accompanied by instructional videos, facilitate hands-on learning and reinforce key concepts. - **Focus on Cash Management and Financing Strategy:** The course emphasizes strategic decision-making, such as extending accounts payable payment periods without incurring penalties or damaging vendor relationships. It also explores considerations like loan costs, interest rates, and the use of collateral for higher-risk loans. - **Coverage of Specialized Financing Methods:** Topics such as commercial paper and asset-based financing (accounts receivable and inventory financing) are thoroughly discussed, providing learners with a comprehensive toolkit for short-term funding. **Pros:** - Clear, concise explanations suitable for learners at various levels. - Interactive and practical, with Excel exercises that enhance understanding. - Real-world relevance with examples that mirror actual corporate finance decisions. - Free access on Coursera with options to pay for certificate if desired. **Cons:** - May require prior knowledge of basic finance concepts for full benefit. - The depth of technical content might be challenging for absolute beginners without supplementary study. **Who Should Enroll?** - Students pursuing finance, accounting, or business degrees. - Business managers seeking to improve cash flow management. - Finance professionals involved in corporate treasury or risk management. - Entrepreneurs interested in understanding financing options. **Final Recommendation:** I highly recommend this course to anyone interested in understanding the strategic and practical aspects of short-term corporate financing. The combination of theoretical insights, real-world examples, and interactive exercises makes it an excellent resource for mastering essential financial tools. Whether you're looking to enhance your academic knowledge or improve your company's financial strategy, this course provides valuable guidance tailored for practical application. --- Feel free to ask if you'd like a more personalized review or additional details!
This course will discuss short term financing options from a corporate finance perspective.We will include many example problems, both in the format of presentations and Excel worksheet problems. The Excel worksheet presentations will include a downloadable Excel workbook with at least two tabs, one with the answer, the second with a preformatted worksheet that can be completed in a step-by-step process along with the instructional videos.Learners will understand accounts payable and trade credit as options from the perspective of short-term financing. A company's cash management and financing strategy related to accounts payable would generally be to extend payment terms as long as possible without incurring penalties or straining the relationship with vendors.We will also discuss credit options from a bank and commercial paper financing. When considering short-term credit options from a bank the company will want to consider the cost of the loan, the interest charged. One type of short-term loan is a term loan, credit often extended for one to seven years. Term loans are often repaid in monthly or quarterly installments.Commercial paper is generally a short-term unsecured promissory note. Usually issued to the public in $25,000 minimum units.This course will consider collateral as it relates to short-term financing. Collateral generally represents some form of asset securing the loan. Collateral may be used when a bank believes the loan is a higher risk.We will also discuss accounts receivable and inventory financing.