Break-even analysis, OCF sensitivity to sales volume, and percentage return calculations
Risk/return: risk premiums, variance/standard deviation, expected returns for portfolios
Cost of capital: cost of equity (DDM, SML/CAPM), cost of debt, and WACC computation
About the free online course
Learn to think like a finance professional and make decisions with numbers you can defend. This free online corporate finance course guides you through the financial language used by companies, investors, and analysts, helping you move from reading statements to interpreting performance, planning growth, and evaluating value-creating projects.
You will build a clear understanding of how the balance sheet and income statement connect, why cash flow tells a different story than profit, and how taxes and working capital affect real business outcomes. Along the way, you will practice standardizing financial statements, applying ratio analysis, and using frameworks such as DuPont to diagnose what is truly driving profitability and return on equity.
As you progress, the focus shifts from reporting to forward-looking decision-making. You will learn how managers forecast with pro forma statements, estimate external financing needs, and think about internal and sustainable growth. Time value of money concepts are explained with practical applications, including perpetuities and loan amortization, so you can confidently translate future cash flows into today’s dollars.
The course also strengthens capital budgeting skills by walking you through project cash flows, depreciation effects, discounted cash flow logic, break-even analysis, and what-if thinking to support real-world decisions such as cost-cutting proposals. To round out the corporate finance toolkit, you will explore risk and return for stocks and portfolios, then connect those ideas to the cost of capital—estimating the cost of equity and debt and combining them into WACC to judge whether a project or strategy is worth pursuing.
Whether you are a business student, aspiring analyst, entrepreneur, or professional preparing for finance-focused exams, you will finish with a practical foundation you can apply immediately: interpret financial health, compare firms, plan scenarios, and evaluate investments with structured methods and confidence.
Course content
Video class: Balance Sheet | Introduction to Corporate Finance | CPA Exam BEC | CMA Exam | Chp 2 p 138m
Exercise: What is the primary purpose of a balance sheet?
Video class: Income Statement | Introduction to Corporate Finance | CPA Exam BEC | CMA Exam | Chp 2 p 230m
Exercise: What is a key difference between a balance sheet and an income statement?
Video class: Corporate Taxes | Introduction to Corporate Finance | CPA Exam BEC | CMA Exam | Chp 2 p 320m
Exercise: _What was Exxon Mobil's tax bill for fiscal year 2013?
Video class: Cash Flow | Introduction to Corporate Finance | CPA Exam BEC | CMA Exam | Chp 2 p 438m
Exercise: What is operating cash flow (OCF) composed of?
Video class: Common Size Financial Statements | Corporate Finance | CPA Exam BEC | CMA Exam | Chp 3 p 215m
Exercise: _What is the reason for standardizing financial statements?
Video class: Financial Ratio Analysis | Introduction to Corporate Finance | CPA Exam BEC | CMA Exam | Chp 3 p 31h01m
Exercise: What is the primary concern of short-term solvency ratios?
Video class: DuPont Analysis | Introduction to Corporate Finance | CPA Exam BEC | CMA Exam | Chp 3 p 430m
Exercise: What does the DuPont analysis primarily help to identify?
Video class: Financial Planning Models | Pro Format Financial Statements | Corporate Finance | Chp 4 p 121m
Exercise: _What is the first element in any financial planning model?
Video class: Financial Planning using Percentage of Sales | Corporate Finance | CPA Exam BEC | Chp 4 p 233m
Exercise: What is the projected net income with a 25% sales increase?
Video class: External Financing Needed | Internal and Sustainable Growth Rate | Corporate Finance | Chp 4 p 348m
Exercise: What is the internal growth rate for the firm discussed in the session?
Video class: Perpetuities12m
Exercise: What is the present value formula for a perpetuity?
Video class: Loan Amortization | Corporate Finance | CPA Exam BEC | CMA Exam | Chp 6 p 623m
Exercise: What is a pure discount loan?
Video class: Project Cash Flows | Corporate Finance | CPA Exam BEC | CMA Exam | Chp 10 p 119m
Video class: Pro Forma Financial Statements15m
Video class: Net Working Capital | Corporate Finance | CPA Exam BEC | CMA Exam | Chp 10 p 321m
Video class: Depreciation23m
Video class: Alternative Definitions of Operating Cash Flow| Corporate Finance| CPA Exam BEC|CMA Exam | Chp10 p 514m
Video class: Cost-Cutting Proposal Using Discounted Cash Flow| Corporate Finance|CPA Exam BEC|CMA Exam| Chp10 p 609m
Video class: NPV and What-If Analysis | Corporate Finance | CPA Exam BEC | CMA Exam | Chp 11 p 120m
Video class: Break-Even Analysis | Corporate Finance | CPA Exam BEC | CMA Exam | Chp 11 p 234m
Video class: Operating Cash Flow, Sales Volume22m
Video class: Calculate Percentage Return07m
Video class: Risk Premium for Stocks | Corporate Finance | CPA Exam BEC | CMA Exam | Chp 12 p 210m
Video class: Variability of Stock Return Standard Deviation | Corporate Finance | CPA Exam BEC|CMA Exam |Chp12 p321m
Video class: Expected Return of Portfolio | Corporate Finance | CPA Exam BEC | CMA Exam | Chp 13 p 217m
Video class: Portfolio Variance | Corporate Finance | CPA Exam BEC | CMA Exam | Chp 13 p 321m
Video class: Operating Cash Flow, Sales Volume22m
Video class: Cost of Equity | Dividend Growth Model | Corporate Finance | CPA Exam BEC | CMA Exam | Chp14 p111m
Video class: Cost of Equity Using Security Market Line | Corporate Finance | CPA Exam BEC | CMA Exam | Chp 14 p 207m
Video class: Cost of Debt08m
Video class: Weighted Average Cost of Capital WACC | Check description for updated recording | Chp 14 p 429m
Video class: Weighted Average Cost of Capital | CPA Exam BEC | Corporate Finance Course18m
Video class: How to pass BEC CPA Exam | Capital Asset Pricing Model | CAPM | Corporate Finance Course15m
Video class: Registration Statement | Regulation A | Red Herring | Crowdfunding | Prospectus11m
Video class: Private versus Public issue | Initial Public Offering | Dutch Auction | Cash Offer | Right Offer07m
Video class: EOQ Economic Order Quantity Simply Explained with Examples | CPAExam BEC | Corporate Finance18m
Video class: Reorder Point Explained with Example | EOQ | Safety Stock | CPA Exam BEC | Finance Course08m
This free course includes:
13 hours and 10 minutes of online video course
Digital certificate of course completion (Free)
Exercises to train your knowledge
100% free, from content to certificate
What is the difference between a balance sheet and an income statement in corporate finance?
A balance sheet shows assets, liabilities, and equity at a specific date, while an income statement reports revenue, expenses, and profit over a period.
How is weighted average cost of capital (WACC) calculated?
WACC is calculated by weighting the after-tax cost of debt and cost of equity by their proportions in the company’s capital structure.
What does DuPont analysis reveal about return on equity?
DuPont analysis breaks return on equity into profit margin, asset turnover, and financial leverage to identify its key drivers.
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