Finance 201 3 College Credits ACE & NCCRS Recommended

Principles
of Finance

The language and logic of money: time value, risk, investment, and financial decision-making for anyone who wants to lead in business.

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ACE Credit Recommended NCCRS Credit Recommended 3 Credit Hours Self-Paced
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28–30 Days Average course completion
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Self-Paced · Final Exam · ACE & NCCRS Recommended

What You'll Learn

A full semester of principles of finance — completed at your own pace, with no deadlines or fixed class times.

Learning Outcomes

What You'll Be Able to Do

  • Master core financial principles, such as time value of money, risk and return, and financial statement analysis, and apply these to various financial contexts
  • Evaluate investment opportunities using tools like Net Present Value (NPV) and Internal Rate of Return (IRR), and understand the impact of risk on investment decisions
  • Analyze financial markets and instruments, including stocks, bonds, and derivatives, to make informed investment choices
  • Make strategic corporate financial management decisions regarding capital budgeting, structure, and cost of capital
  • Identify and mitigate financial risks, employing derivatives and risk management strategies in domestic and international contexts
  • Create and utilize financial models for decision-making, and communicate financial analyses effectively
Topics Covered

Major Course Topics

Introduction to Finance
Corporate Structure & Governance
Economic Foundations: Money & Rates
Accrual Accounting Process
Financial Statements
Measures of Financial Health
Cash Flow & Financial Projections
Corporate Forecasting Models
Time Value of Money
Fixed Income Valuation
Stocks & Stock Valuation
Historical Performance of US Markets
Statistical Analysis in Finance
Regression Analysis in Finance
Risk, Return & the CAPM
From the syllabus · Finance 201

Course chapters and lessons

Principles of Finance has 15 chapters across 65 instructional hours, as listed in the course syllabus. Expand any chapter to see the lessons inside it.

Chapters
15
Lessons
94
Instructional hours
65 hrs
Semester hours
3
15 chapters  ·  94 lessons  ·  3 semester hours
Chapter 1

Introduction to Finance

8 lessons · 4 hrs
  1. 1.1 What Is Finance?
  2. 1.2 The Role of Finance in an Organization
  3. 1.3 Importance of Data and Technology
  4. 1.4 Careers in Finance
  5. 1.5 Markets and Participants
  6. 1.6 Microeconomic and Macroeconomic Matters
  7. 1.7 Financial Instruments
  8. 1.8 Concepts of Time and Value
Chapter 2

Corporate Structure and Governance

6 lessons · 3 hrs
  1. 2.1 Business Structures
  2. 2.2 Relationship between Shareholders and Company Management
  3. 2.3 Role of the Board of Directors
  4. 2.4 Agency Issues: Shareholders and Corporate Boards
  5. 2.5 Interacting with Investors, Intermediaries, and Other Market Participants
  6. 2.6 Companies in Domestic and Global Markets
Chapter 3

Economic Foundations: Money and Rates

6 lessons · 3 hrs
  1. 3.1 Microeconomics
  2. 3.2 Macroeconomics
  3. 3.3 Business Cycles and Economic Activity
  4. 3.4 Interest Rates
  5. 3.5 Foreign Exchange Rates
  6. 3.6 Sources and Characteristics of Economic Data
Chapter 4

Accrual Accounting Process

5 lessons · 3 hrs
  1. 4.1 Cash versus Accrual Accounting
  2. 4.2 Economic Basis for Accrual Accounting
  3. 4.3 How Does a Company Recognize a Sale and an Expense?
  4. 4.4 When Should a Company Capitalize or Expense an Item?
  5. 4.5 What Is “Profit” versus “Loss” for the Company?
Chapter 5

Financial Statements

3 lessons · 1.5 hrs
  1. 5.1 The Income Statement
  2. 5.2 The Balance Sheet
  3. 5.3 The Relationship between the Balance Sheet and the Income Statement
Chapter 6

Measures of Financial Health

6 lessons · 4 hrs
  1. 6.1 Ratios: Condensing Information into Smaller Pieces
  2. 6.2 Operating Efficiency Ratios
  3. 6.3 Liquidity Ratios
  4. 6.4 Solvency Ratios
  5. 6.5 Market Value Ratios
  6. 6.6 Profitability Ratios and the DuPont Method
Chapter 7

Cash Flow, Depreciation, and Financial Projections

6 lessons · 4 hrs
  1. 7.1 Pro Forma Financial Analysis: The Corporate Environment
  2. 7.2 Pro-Forma (Projected) Cash Flow Analysis
  3. 7.3 Incrementalism
  4. 7.4 Corporate Forecasting and Strategic Planning
  5. 7.5 Forecasting Solution
  6. 7.6 The Tax Effect of Depreciation
Chapter 8

Corporate Forecasting Models

7 lessons · 4 hrs
  1. 8.1 Free Cash Flow
  2. 8.2 Free Cash Flow Exercises
  3. 8.3 External Funds Needed Formula (EFN)
  4. 8.4 Internal and External Funds (Summary)
  5. 8.5 The EFN Formula Explained
  6. 8.6 EFN Application
  7. 8.7 EFN Solution
Chapter 9

The Time Value of Money: Simple Present- and Future-Values

14 lessons · 8 hrs
  1. 9.1 The Time Value of Money and Interest
  2. 9.2 Interest-on-the-Interest: The Nature of Compound Interest
  3. 9.3 Some More Simple TVM Problems
  4. 9.4 Simple Future and Present Values (Formulas)
  5. 9.5 Compounding Frequency Assumption
  6. 9.6 Simple Future and Present Values: Continuous Compounding (Supplemental)
  7. 9.7 Characteristics of the Time Value of Money: FV and PV
  8. 9.8 Future and Present Value Factors (Multipliers)
  9. 9.9 A Word on Compounding Frequency and Annual Equivalent Rates
  10. 9.10 Interpolation
  11. 9.11 Interpolation Illustrated
  12. 9.12 Some TVM Practice Questions
  13. 9.13 The Volatility of the Time Value of Money
  14. 9.14 The First and Second Derivatives Illustrated
Chapter 10

Fixed Income Valuation

6 lessons · 4 hrs
  1. 10.1 Security Return: The Holding Pattern Return (Raw Calculation)
  2. 10.2 Valuation Premise
  3. 10.3 Fixed Income Securities: Bond Components and Valuation Formula
  4. 10.4 Fixed Income Securities: Dollar Price and Yield-to-Maturity
  5. 10.5 Bond Dollar Prices: Discount, Par, and Premium
  6. 10.6 The True Price of a Bond
Chapter 11

Stocks and Stock Valuation

5 lessons · 3.5 hrs
  1. 11.1 Multiple Approaches to Stock Valuation
  2. 11.2 Dividend Discount Models (DDMs)
  3. 11.3 Discounted Cash Flow (DCF) Model
  4. 11.4 Preferred Stock
  5. 11.5 Efficient Markets
Chapter 12

Historical Performance of US Markets

4 lessons · 2 hrs
  1. 12.1 Overview of US Financial Markets
  2. 12.2 Historical Picture of Inflation
  3. 12.3 Historical Picture of Returns to Bonds
  4. 12.4 Historical Picture of Returns to Stocks
Chapter 13

Statistical Analysis in Finance

7 lessons · 5 hrs
  1. 13.1 Measures of Center
  2. 13.2 Measures of Spread
  3. 13.3 Measures of Position
  4. 13.4 Statistical Distributions
  5. 13.5 Probability Distributions
  6. 13.6 Data Visualization and Graphical Displays
  7. 13.7 The R Statistical Analysis Tool
Chapter 14

Regression Analysis in Finance

6 lessons · 4 hrs
  1. 14.1 Correlation Analysis
  2. 14.2 Linear Regression Analysis
  3. 14.3 Best-Fit Linear Model
  4. 14.4 Regression Applications in Finance
  5. 14.5 Predictions and Prediction Intervals
  6. 14.6 Use of R Statistical Analysis Tool
Chapter 15

Risk, Return, and the CAPM

5 lessons · 5 hrs
  1. 15.1 Statistical Concepts in Finance
  2. 15.2 Uncertainty in Capital Budgeting
  3. 15.3 Portfolio Risk, Reward, and Diversification
  4. 15.4 Risk of Stock Investments and Market Betas
  5. 15.5 The Capital Asset Pricing Model (CAPM)

These chapters come straight from the official course syllabus, which also sets out the graded assignment and the proctored final exam.

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Use principles of finance to make smarter financial decisions.

The language and logic of money: time value, risk, investment, and financial decision-making for anyone who wants to lead in business.

🎯 Why It Matters

  • Interpret financial data with confidence
  • Build skills applicable across every business and industry
  • Understand how money moves through organizations and markets
  • Strengthen analytical and strategic thinking

💼 In-Demand Careers

  • Financial Analyst
  • Accounting Associate
  • Budget Analyst
  • Business Analyst
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  • Operations Analyst
  • Entrepreneur / Founder

🚀 How This Sets You Up

  • Complete structured lessons and a comprehensive final exam
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FAQ

Common Questions Answered.

Everything you need to know about Principles of Finance — credits, grading, transfer, and how it compares to traditional options.

What is Principles of Finance?
Principles of Finance is a college-level course that teaches financial analysis, planning, and decision-making. It is Finance 201 — worth 3 credit hours, carrying ACE and NCCRS recommendations from ACE & NCCRS.
What skills will I gain from Principles of Finance?
You will be able to analyze financial data, interpret statements, apply key financial concepts to business decisions, and understand how organizations plan and manage their finances.
Is the Principles of Finance course self-paced for college credit?
Yes. The course is fully self-paced with no deadlines or fixed class times. Most students complete it in 28–30 days, but you can move faster or slower depending on your schedule.
How many college credits is Principles of Finance worth?
This course carries ACE and NCCRS recommendations for 3 semester credit hours. UPI Study courses follow the same evaluation standard used across thousands of colleges and universities.
How is the Principles of Finance course graded? Are there exams?
Yes — the course includes quizzes, assignments, and a final exam. Your grade is equally weighted: 20% Quizzes · 30% Assignments · 50% Final Exam.
Will my university accept Principles of Finance credits from UPI Study?
Check our Find My College directory. If your university recognizes ACE & NCCRS credit recommendations, UPI Study courses can be considered; the final decision is with the university. You can also book a free call with our team.
Why take Principles of Finance online instead of at a traditional university?
A traditional university course in this subject typically costs $500–$1,500+ per credit hour and requires fixed schedules, campus attendance, and semester timelines. UPI Study covers the same ACE & NCCRS-recommended content at $250 total, with no deadlines and no campus requirement.
Can international students take Principles of Finance for college credit?
Yes. UPI Study courses carry ACE and NCCRS recommendations — recognized by cooperating institutions in the U.S., Canada, the UK, and other countries. Students have submitted credits across 26+ countries.
What's the difference between Principles of Finance and Financial Management?
Principles of Finance is a broader intro (time value of money, markets, basic valuation); Financial Management goes deeper into corporate financial decision-making.
Do I need an accounting background for Principles of Finance?
Basic familiarity helps but isn't required for the intro course.
Is the Principles of Finance course useful outside a business degree?
Yes, it's commonly taken as a personal-finance-adjacent elective too.
Will Principles of Finance satisfy a business core requirement?
Often yes for the intro-level course — check program-specific equivalency.
What tools do I need for financial calculations?
You will need a basic scientific or financial calculator (or spreadsheet software) to solve time-value-of-money (TVM), net present value (NPV), and internal rate of return (IRR) problems.
Does this course cover personal finance or corporate finance?
The course focuses primarily on corporate financial management, capital budgeting, financial statement analysis, risk assessment, and stock/bond valuation.
Where will my college put this credit?
Usually as transfer credit, credit for prior learning (CPL), or noncollegiate/alternative credit, the same route colleges use for professional training evaluated by ACE or NCCRS. The final decision is with the university.

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This course is ACE & NCCRS-recommended for 3 semester credit hours. Transfer as many credits as your university allows — students have transferred anywhere from 3 to 90+ credits depending on their school's policy.

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Structured lessons covering every topic — designed as a standard Principles of Finance college-level course.

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