The assessment of business courses and their learning goals and objectives is important for accredited business schools. However, not all business educators are necessarily knowledgeable and trained in designing appropriate learning objectives and aligning all aspects of a course around these learning objectives. This paper tries to fill this gap for business instructors by describing the concept of alignment. This paper also applies the concept of alignment to the specific learning module of capital budgeting analysis in an online MBA level corporate finance class. Important observations are given that help an instructor align a class with the course objectives, materials and assessments. The paper shows how the specific learning objective for risk assessment in capital budgeting analysis can be achieved with the use of a screen capture recording, a spreadsheet tutorial, a case study assignment and a specific grading rubric.