The Foundations of Free Cash Flows - Online

This course teaches the fundamentals of valuing public and private companies through a case study approach. This module focusses on cash flows.

This course replicates the content from lesson 2 from Business Valuation - Online

This is an asynchronous eLearning course that can be accessed 24/7 from any internet enabled computer. Subscription period for this course is 90 days.


Individuals in credit, investment banking, corporate finance, and sales and trading.
Students will be able to:
  • Describe the difference between cash flow and free cash flow.
  • List the differences and similarities in the direct and indirect methods of determining free cash flow.
  • Recognize the value drivers of free cash flows.
  • Identify components of the calculation of free cash flow from the value drivers, using the direct method.
Financial Statement Analysis and Corporate Finance, or equivalent level of knowledge.
The Foundations of Free Cash Flows
  • Cash flow vs. free cash flow
  • Determining free cash flow
  • Reconciling free cash flow with the consolidated statement of cash flow
  • Value Drivers
  • Case Study