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Finance · Lessons

Finance lessons

11 sections · 59 skills · work through the full outline skill by skill — read the long-form lesson or flip through the slide-style version.
Long-form lessonsSlide-style lessons

Finance

Practice 59 skills across this outline.

Recommended next
Common Finance Pitfalls
Problem-Solving & Finance Reasoning
Long-form lesson
Weighting distribution
16 categories
Problem-Solving & Finance Reasoning
9%
Working Capital Management
9%
Financial Statement Links for Finance
9%
Equity Valuation Models
9%
Cost of Capital
9%
Derivatives and Risk Management
9%

Skills

The comprehensive taxonomy of finance — drill into a card to work its skills.

Problem-Solving & Finance Reasoning

4 core skills9% total weight
0/4 completed
4 skills to mastery
1
Common Finance PitfallsRecommended
Long-form
2
Choosing Discount RatesAvailable
Long-form
3
Checking Valuation ReasonablenessAvailable
Long-form
4
Cash Flow Timing & Sign ConventionsAvailable
Long-form

Bond Valuation and Interest Rates · Bond Pricing

4 core skills5% total weight
0/4 completed
4 skills to mastery
1
Duration & Price SensitivityAvailable
Long-form
2
Bond PricingAvailable
Long-form
3
Bond Price-Yield RelationshipAvailable
Long-form
4
Yield to MaturityAvailable
Long-form

Bond Valuation and Interest Rates · Term Structure and Rates

3 core skills4% total weight
0/3 completed
3 skills to mastery
1
Real vs. Nominal RatesAvailable
Long-form
2
Yield Curve InterpretationAvailable
Long-form
3
Spot & Forward RatesAvailable
Long-form

Working Capital Management

4 core skills9% total weight
0/4 completed
4 skills to mastery
1
Short-Term Financing & LiquidityAvailable
Long-form
2
Trade Credit & Cash DiscountsAvailable
Long-form
3
Working Capital ComponentsAvailable
Long-form
4
Operating & Cash Conversion CyclesAvailable
Long-form

Capital Budgeting · Risk Analysis in Projects

3 core skills4% total weight
0/3 completed
3 skills to mastery
1
Sensitivity & Scenario AnalysisAvailable
Long-form
2
Break-Even AnalysisAvailable
Long-form
3
Risk-Adjusted Discount RatesAvailable
Long-form

Capital Budgeting · Project Cash Flows and Criteria

5 core skills5% total weight
0/5 completed
5 skills to mastery
1
Incremental Cash FlowsAvailable
Long-form
2
Profitability IndexAvailable
Long-form
3
IRR & LimitationsAvailable
Long-form
4
Payback & Discounted PaybackAvailable
Long-form
5
NPV & Decision RulesAvailable
Long-form

Financial Statement Links for Finance

3 core skills9% total weight
0/3 completed
3 skills to mastery
1
Working Capital & Cash FlowAvailable
Long-form
2
EBIT, EBITDA & Operating Cash FlowAvailable
Long-form
3
Deriving Free Cash FlowAvailable
Long-form

Capital Structure and Payout Policy · Dividends and Repurchases

3 core skills4% total weight
0/3 completed
3 skills to mastery
1
Payout, Retention & Sustainable GrowthAvailable
Long-form
2
Dividend Policy & SignalingAvailable
Long-form
3
Stock Repurchases vs. DividendsAvailable
Long-form

Capital Structure and Payout Policy · Capital Structure Concepts

3 core skills5% total weight
0/3 completed
3 skills to mastery
1
Leverage Effects on Risk & ReturnAvailable
Long-form
2
Financial Distress & Tax ShieldAvailable
Long-form
3
Modigliani-Miller PropositionsAvailable
Long-form

Equity Valuation Models

4 core skills9% total weight
0/4 completed
4 skills to mastery
1
Dividend Discount Model (DDM)Available
Long-form
2
Price Multiples ValuationAvailable
Long-form
3
Multi-Stage Dividend ModelsAvailable
Long-form
4
Growth, Payout & ValuationAvailable
Long-form

Cost of Capital

4 core skills9% total weight
0/4 completed
4 skills to mastery
1
Cost of DebtAvailable
Long-form
2
Leverage & WACCAvailable
Long-form
3
Computing WACCAvailable
Long-form
4
Beta & Cost of EquityAvailable
Long-form

Derivatives and Risk Management

4 core skills9% total weight
0/4 completed
4 skills to mastery
1
Options Terminology & PayoffsAvailable
Long-form
2
Forwards & Futures BasicsAvailable
Long-form
3
Hedging with DerivativesAvailable
Long-form
4
Put-Call ParityAvailable
Long-form

Time Value of Money · TVM Foundations

4 core skills2% total weight
0/4 completed
4 skills to mastery
1
Solving TVM EquationsAvailable
Long-form
2
Discounting & CompoundingAvailable
Long-form
3
Interest Rates & Compounding FrequencyAvailable
Long-form
4
PV & FV: Single Cash FlowsAvailable
Long-form

Time Value of Money · Annuities and Perpetuities

4 core skills7% total weight
0/4 completed
4 skills to mastery
1
Loan AmortizationAvailable
Long-form
2
PV & FV of AnnuitiesAvailable
Long-form
3
Perpetuities & Growing PerpetuitiesAvailable
Long-form
4
PV/FV of Uneven Cash FlowsAvailable
Long-form

Risk and Return · CAPM and Cost of Equity

4 core skills6% total weight
0/4 completed
4 skills to mastery
1
CAPM LimitationsAvailable
Long-form
2
Security Market LineAvailable
Long-form
3
Using CAPMAvailable
Long-form
4
Beta & Systematic RiskAvailable
Long-form

Risk and Return · Portfolio Concepts

3 core skills4% total weight
0/3 completed
3 skills to mastery
1
Diversification & CorrelationAvailable
Long-form
2
Portfolio Expected Return & VarianceAvailable
Long-form
3
Efficient FrontierAvailable
Long-form