Time Value of Money

How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.
Robert G. Allen
The time value of money is an important concept in finance.  It allows comparison between future and present cash flows, helping decision makers evaluate several alternatives.  Accounting also applies the time value concept.

Why this course

Accounting is a measurement activity. Time value of money is a concept but is not an accounting principle. However, many areas of accounting apply this concept in the measurement basis for certain items in the financial statements, as well as in the determination of adjustment items in some transactions. The concept and its implication on the accounting transaction should be understood. The calculation of present values is the easiest part and there are various tools available. The time value of money is an indispensable knowledge for every accountant.

What you will learn

The course is an extensive discussion of the time value of money, starting with the concepts of interest and present value. Present value components, the effect of various cash flow streams, and the impact of time and rate are explained. Other areas covered are ordinary annuity and annuity due. Present value calculation tools are discussed including formulas, present value tables, spreadsheets, and financial calculators. Spreadsheet functions for calculation of several variables are demonstrated. Applications in business and accounting are also discussed.

  • Easy enrollment and checkout; online or over-the-counter bank payment, more than 5,000 remittance and payment centers nationwide
  • Course availability anytime, anywhere in any internet enabled device​
  • Note-taking capability at the front end; ability to download or print own notes for later review​
  • Interactive quizzes and activities to test knowledge and recall of key concepts​
  • Online discussion for collaborative learning and building an online community​
  • Private one-on-one consultation with group leader, teacher, or subject matter expert; by appointment​
  • Access to scheduled live interaction, online group meetings, or webinars
  • Free downloadable E-Book at end of course for future review and reference​
  • Administrative tools for group leaders and teachers for class management and monitoring; detailed reports of student performance​

Prepare for a rewarding career in accounting. Build on solid theoretical foundations. Learn the skills and have the functional competence to apply them. ​