Course 4 – Time Value of Money
This course covers the time value of money, a concept at the heart of economics, finance, and business decision-making that also is frequently used by accountants when valuing assets and liabilities. The course consists of a single video that covers interest, future value, the present value of various cash flows, and internal rates of return. The applications covered include creating savings plans for future goals, such as vacations and college educations, as well as valuing and accounting for bond investments.
Course 4 Learning Objectives
- Define the concept of the time value of money.
- Explain how to compute the future value of a variety of cash flows.
- Explain how to compute the present value of a variety of cash flows.
- Explain how to compute the internal rate of return of a variety of cash flows.
- Demonstrate how the concept of the time value of money is applied to various savings plans and the valuation of assets and liabilities on the balance sheet.
Single Video Course Note
The Time Value of Money course is a single video lecture course which means there will be pauses in the video where you are prompted to answer knowledge check questions. We highly recommend that you watch the video lecture and answer each associated knowledge check question only when you are prompted to do so. However, each of the knowledge checks associated with the lecture video can be accessed in sequence after the assessment quiz. The knowledge checks have been made available in this manner for easy access for review in the future.
Course Components
- PRATTedu Resources
- PRATTedu Program Structure
- Time Value of Money Lecture + Knowledge Checks
- Assessment Quiz (must score 70%)
CPE Requirements
- The assessment Quiz must be completed satisfactorily no later than one year after enrollment, at which time your access to the website will expire.
- A 70% minimum score on Assessment Quiz is required for satisfactory completion and to receive a certificate.
Course Navigation
Main Course Page Navigation (Current Page)
The main course page for each course consists of 6 sections: (1) Course description; (2) Learning objectives; (3) Course components; (4) CPE requirements; (5) Course navigation; and (6) the master course navigator, which allows you to quickly jump to the various lessons that make up the course. The course structure and resources, the course videos, and the final assessment quiz.
Master Course Navigation
Simply complete the lessons in order. At the bottom of each lesson, are two buttons: Previous Lesson or Next Lesson. We also include excerpts in the buttons so you can quickly identify the content in each direction. You can always go back to the beginning of the course (course intro page) by clicking the “back to Course 1 – Introduction to Financial Statements link. Note: At the bottom of each completed lesson (right above the previous/next buttons) it will state “Complete Lesson” make sure you click it before moving on.
MAKE SURE YOU GET YOUR CERTIFICATE! Please read below:
You must mark each page of our courses as complete for our system to register for completion of a course and generate a certificate. The Structure and Resources section is typically missed by many users, simply scroll to the bottom of each page and click the blue “Mark Complete” button and enjoy your course!
Course Information
Course Instructor
Basic Enrollment
Scoring at least 70% on the assessment quiz after completion of this course earns a Certificate of Completion worth 1 hour of continuing professional education (CPE) credits.