Time Value of Money: Different Dimensions of Value of Money
What you'll learn
- Your outlook towards money value will change dramatically.
- If your are a student of accounts and finance , this course will give you a kick-start in grasping the fundamentals.
- Understand the real value of your savings and investments.
- Identify the right direction to achieve your financial goals.
- Understand the significance of different interpretations of the value of money.
- Make right decisions on various financial products being sold to you.
- Take control of your money instead of allowing others to do so.
- Attain peace of mind on money matters.
Requirements
- The course does not require any special prerequisite knowledge of accounts and finance.
- It only needs you to have a strong desire to take charge of your money.
Description
You would appreciate and understand the different concepts of Value of money- Present Value, Future Value , Real Value, Market Value, Book Value, Nominal Value, Exchange Value, Tax value. Essential concept for taking day-to-day decisions in money management.
Time value of money, in practical terms, empowers individuals to make more informed choices. It underscores the rationale behind prioritizing immediate returns over future ones, and it underscores the importance of discounting future cash flows to their present value
As Individuals you can make rational decisions regarding savings goals, investments, retirement planning, and more. Businesses can use it to evaluate the profitability of long-term projects, and governments can employ it to make prudent fiscal decisions.
When you are discussing current financial topics like interest rate changes, inflation, investment opportunities, or even government policies, your knowledge of the time value of money allows you to analyse these issues in a broader context. You can explain how changes in interest rates or inflation impact the value of money over time, and how this relates to various financial decisions.
Apply critical thinking skills to analyse and solve complex financial problems in Capital budgeting decisions. These topics are essential for navigating the financial landscape successfully.
Basic understanding of the different dimensions of value of money would help you to be confident enough to discuss all economic and political implications on our daily life.
Who this course is for:
- This course is for everyone – whether you are a student, doctor, lawyer, teacher or manager.
- It would give a head start, especially to students pursuing Commerce, CA , CMA , MBA and Non-Finanace Managers.
Instructor
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Raj has completed his Masters in Economics from Loyola College, Chennai, and Cost and Management Accountancy (CMA) from the Institute of Cost Accountants of India. He has a total experience of over 30 years, both in teaching and corporate world with multinational companies, in India and Dubai. Presently he is a practicing Management accountant and a visiting faculty. He has authored a book titled “Economics”.