« individual program list

Mastering the Time Value of Money

Course ID: HAME507
Master an understanding of the time value of money to assess critical decisions about investments. Project cash flows, calculate payments, and solve lease-or-buy dilemmas.

Description

In today's competitive business world, managers are charged with making many project-related decisions, often involving costs or revenues that will be encountered some time in the future. Managers need to have a fundamental understanding of the time value of money.

In this course, participants develop a solid understanding of the time value of money. Using timelines and cash-flow calculations they will learn to project cash flow, calculate payments, establish the value of securities and investments, and determine when it is more cost effective to lease or to buy.

Who Should Take This Course?

This course is crucial for managers without a significant financial background who are charged with project planning, purchasing decisions, and planning capital budgeting projects.

Certificate Information

This course can be applied toward the following certificates:

Course Format

eCornell takes a problem-based approach to learning, and our courses are built around realistic case studies and scenarios. All courses are self-paced, and are facilitated by an eCornell instructor, who leads the online discussions and is available to answer any questions about the course content.

This course contains the following modules:

Intuition and Conceptual Framework
- Explaining the importance of the timing of future cash flows
- Using a cash-flow timeline to conceptualize TVM problems
Basic TVM Tools
- Using a financial calculator to solve TVM problems
- Calculating the future and present value of a lump-sum payment
Advanced TVM Tools
- Calculating the value of perpetuities and growing perpetuities
- Calculating the future and present value of annuities

Benefits to the Learner

After completing this course, participants will be able to:

Make planning decisions in the present, based on the accurate calculation of cash flow projections
Use a cash-flow timeline to conceptualize time-value-of-money problems
Use a financial calculator to solve time-value-of-money problems
Calculate present and future values of payments, perpetuities, and annuities
Use these concepts as a foundation for making capital investment decisions

Authoring Faculty

Steven Carvell, Ph.D., Associate Professor and Associate Dean for Academic Affairs

Scott Gibson, Ph.D., Assistant Professor

Sponsoring School

Cornell University's School of Hotel Administration

Total Learning Time

Approximately five to six hours over a period of two weeks.

Requirements

Participants in this course need one of the following financial calculators:

Both are available for purchase directly from Amazon.com.

Enrollment

Price: $599.00

Add to Cart

To register, click 'Add to Cart' at right, or contact an Enrollment Counselor at info@ecornell.com or 1-866-326-7635 (+1-607-330-3200 from outside the United States).

Certificate programs are eligible for eCornell Payment Plans. Discounts are available for military personnel, veterans, and Cornell University Alumni. eCornell programs are not eligible for financial aid or federal Pell Grants. Contact an enrollment counselor for more information.

Next 3 Course available dates are:

April 28, 2010
May 12, 2010
June 23, 2010

Click 'Add to Cart' to see available dates beyond June 23, 2010.

You May Be Interested In...

Students who purchased this course also purchased:

ACE CREDIT Recommendation

This course contributes to an eCornell Certificate Program that has been recommended for college credit by the American Council on Education's College Credit Recommendation Service (CREDIT). Please refer to the Certificate information page for additional details.

HRCI Recertification

This course been approved for six (6) Strategic Management recertification credit hours toward SPHR and GPHR recertification and six (6) recertification credit hours toward PHR, SPHR, and GPHR recertification through the Human Resource Certification Institute. Please contact the Human Resource Certificate Institute (HRCI) for further information about certification or recertification.

Project Management Institute Professional Development Units

This course qualifies for 6.75 Professional Development Units (PDUs) from the Project Management Institute (PMI) for Professional Project Managers (PMPs) seeking ongoing education and professional development for continuing certification. eCornell is a Global Registered Education Provider of PMI. PDUs are designated as Category 3.

Technical Requirements

With all eCornell courses, access is easy. Participants only need a computer and an Internet connection. To view specific technology requirements, visit our Technology Requirements page.