The course is devoted to the procedure of conducting investment projects appraisal. It presents fundamental methods used for investment evaluation and discusses the construction of a financial plan, which is essential for accurately determining the values of profitability indicators. The course consists of 8 sections and the final exam. The course is self-paced.

The target audience includes all individuals interested in the topic of investment appraisal. 

PRE-REQUISITES

None

COURSE OBJECTIVES

By participating in the course, you will:

• learn methods used for investment projects appraisal and acquire the ability to apply them in practice — calculate and interpret them,
• understand the principles of constructing a financial plan, allowing to determine of expected benefits from investments,
• grasp the concept of the time value of money and understand the significance of discount rates and the principles of estimating their values,
• acquire the ability to conduct sensitivity analysis,
• acquire the ability to conduct comparative analysis of investments with different lifespanss.

COVERED TOPICS

SECTION 1

Introduction to Investment Appraisal

The first module discusses the essence of investments and presents the concept of the time value of money.

SECTION 2

Main Investment Appraisal Methods

The second module presents fundamental methods used in investment appraisal: Net Present Value (NPV) and Internal Rate of Return (IRR).

SECTION 3

Additional Investment Appraisal Methods

The third module introduces complementary methods used in investment appraisal: Profitability Index (PI) and Discounted Payback Period (DPP).

SECTION 4

Planning of Future Benefits

The fourth module presents the construction of a financial plan: building income statements, planning working capital needs, and forecasting cash flow statement.

SECTION 5

Investment Appraisal from the Owners' Perspective

The fifth module presents the investment appraisal from the perspective of owners.

SECTION 6

Investment Appraisal from the Perspective of All Capital Suppliers

The sixth module presents the investment appraisal from the perspective of all financing parties (all capital suppliers).

SECTION 7

Sensitivity Analysis

The seventh module is devoted to sensitivity analysis.

SECTION 8

Comparison of Mutually Exclusive Investments

The eighth module presents the principles of comparing mutually exclusive projects with different economic lifespans.

SECTION 9

The End of the Course

The ninth module includes the final exam.

CONDITIONS FOR PASSING THE COURSE

The course includes knowledge-checking questions ("Knowledge Check") and the final exam. Knowledge-checking questions appear gradually as you progress through the course, and these questions are found in various sections of the course. A total of ten knowledge-checking questions are included in the course, and the maximum number of points for these questions is 10.

At the end of the course, the final exam is included, which also consists of ten questions. You can earn a maximum of 10 points for the final exam.

The contribution of the ten knowledge-checking questions placed within the course and the contribution of the final exam to the final assessment are equal — both contributions amount to 50%. To pass the course, you must achieve a minimum of 55% of the total points.

CONDITIONS TO RECEIVE A COURSE CERTIFICATE

To receive a certificate, you must pass the course (earn at least 55% of the total points).

COURSE FACULTY

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dr Jacek Jastrzębski

Director of the Centre for Executive Education at Poznań University of Economics and Business

Organizer of lifelong learning education. A longtime academic lecturer, delivering lectures and workshops for postgraduate students, MBA students as well as participants of short-term training courses. He has also extensive experience in advisory services for businesses.

ADDITIONAL INFORMATION

This course was created as a part of a project „E-learning as a chance to acquire competences” POWR.03.01.00-00-W069/18, co-financed by the European Union from the European Social Fund under the Operational Programme Knowledge, Education, Development 2014-2020.