UdemyFinance & AccountingPaid courseAll LevelsCertificate

Corporate Finance #11 Capital Budgeting (Udemy.com)

Learn how to make capital budgeting decisions from a certified public accountant (CPA)

4.5

399 reviews

Created by: Robert (Bob) Steele

Last updated September 2026

What you will learn

Explain how to make capital budgeting decisions
Discuss the common scenarios related to capital budgeting decisions
Calculate the net present value (NPV) for a capital budgeting decision
Calculate the internal rate of return (IRR) for a capital budgeting decision
Calculate the payback period for a capital budgeting decision
Calculate the modified internal rate of return (MIRR)
Compare capital budgeting projects

How it compares

Against the other 376 rated Udemy courses in Finance & Accounting on CourseDuck:

Rating4.5 out of 5higher than 47% of them
Reviews399#205 of 377 by number of reviews
Length14.2 hourslonger than 83% of them
Last updatedSeptember 2026more recently than 95% of them

Course Description

This course will show how to make capital budgeting decisions from a corporate finance perspective.

We will include many example problems, both in the format of presentations and Excel worksheet problems. The Excel worksheet presentations will include a downloadable Excel workbook with at least two tabs, one with the answer, the second with a preformatted worksheet that can be completed in a step-by-step process along with the instructional videos.

Capital budgeting decisions involve planning for projects and future cash flows extending more then one year into the future. The common example of a capital budgeting decision is the decision to purchase a large piece of equipment that will impact future cash flow for multiple years.

The typical format of a capital budgeting decision often includes a cash out flow a time period zero, resulting in cash inflows, or reduced outflows due to increase efficiencies, over multiple years.

Because capital budgeting decisions impact cash flows for multiple years, time value of money concepts are used, including present value of one calculations and present value of annuity calculations.

The primary tools used in capital budgeting decisions are the net present value calculation (NPV) and the internal rate of return calculation (IRR). Both of these tools utilize time value of money concepts, and we will spend a lot of time with them.

We will also discuss the payback period calculation and the modified internal rate of return or (MIRR).

All Levels

Time: 14.2h

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Instructor Details

Robert (Bob) Steele

4.5 Rating
399 Reviews

Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.

Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).

Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.