Finance and Accounting for Non-Finance Executives
$7,200.00
Finance and Accounting for Non-Finance Executives
$7,200.00
Overview
PLEASE NOTE: This program is currently being taught as an In Person class.
This program equips executives with a general understanding of accounting and financial principles as they relate to organizations' operations and decision-making processes. It also prepares financial analysts and investors with a general understanding of the valuation content and limitations of financial statement information.
Starting with a review of financial data in a company's annual report and accounting statements, participants will gain a well-rounded understanding of how basic accounting information may be used in communicating with financial managers, as well as to assess a firm's future prospects and value. The remaining time will be spent covering finance principles relevant to leaders whose primary job responsibilities are outside of the finance function with implications for project decisions, corporate structure and performance measurement. This will involve examining how project choice maps to various financial metrics and highlighting common pitfalls in this process, such as recent psychological biases described in the field of Behavioral Finance.Certificates and Credits
Upon completion of this course, participants will receive a Certificate of Achievement.
Program Takeaways
During this course, participants will:
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Financial Report Analysis
Analyze a firm's annual reports and statements to interpret the data for use in the organization and to assess a firm's future prospects and value -
Improved Decision Making
Evaluate concerns related to the acquisition/investment decisions of the organization and their funding -
Valuation Techniques
Practice valuation techniques of Discounted Cash Flow and NPV in the form of discussion, exercise and real case analysis
Who Should Attend
Although there are no formal education or background requirements, this course is designed for executives who meet the criteria below. While we strongly encourage global participation, please note that all courses are taught in English. Proficiency in written and spoken English is required.
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Years of Experience
This course is designed for professionals with 5+ years of work experience -
Job Functions
Professionals who make business decisions that affect the firm’s financial results, or are impacted by financial models -
Prerequisites
This course is designed for individuals who interact regularly with the finance area of their firms
Agenda
The following agenda is a sample and subject to change.
9:00 am ET: Session 1: Introduction to Accounting
- What do financial accountants do?
- The annual report
Session 2: The Balance Sheet
- Presentation of assets on the balance sheet
- Valuation of assets
- Presentation and valuation of liabilities
12:15 - 1:15 pm ET: Lunch Break
1:15 pm ET: Session 3: The Balance Sheet (continued)
- Off balance sheet financing
- "Cookie jar" reserves
- Fundamental analysis based on balance sheet information assessing a firm's riskiness
Session 4: Introduction to Corporate Finance and Value-based Principles
- Description of areas of Corporate Finance: Valuation, Financial Structure, and Acquisitions
- Observe how business decisions map to financial performance measures, such as profit/loss
- Measure performance through a host of metrics including: return on investment, value-added and share price
4:30 pm ET: Conclusion and Evaluations
9:00 am ET: Session 5: Value-based Principles for Generating and Measuring Performance
- Value a project strategy and its impact on operational decision making
- Observe how business decisions map to financial performance measures
- Measure performance through various metrics including: return on investment, NPV and share price
Session 6: The Income Statement
- Presentation of the income statement
- Revenue and expense recognition
- Accrual accounting
- Capitalization versus expensing
- Fundamental analysis based on income statement information assessing the integrity of financial statement information and firm's performance
12:15 - 1:15 pm ET: Lunch Break
1:15 pm ET: Session 7: Case Study: America Online
- Small group discussion and analysis
4:30 pm ET: Conclusion and Evaluations
9:00 am ET: Session 8: Case Discussion to Apply Valuation for a Corporate Investment
- Financial Measurement and Incentive Issues in a Corporation
- Determine project value and attractive investment decisions
- Case Analysis: Gulf Oil
- Group discussion
Session 9: Mergers and Acquisitions
- Evaluate synergies in strategic acquisitions
- Negotiate the form, financing and structure of a merger
- Address the concerns of the bidding process
- Understand and navigate through the intricacies of an acquisition
12:15 - 1:15 pm ET: Lunch Break
1:15 pm ET: Session 10: AOL Case Discussion
- America Online: Case Analysis and Class Discussion
4:30 pm ET: Conclusion and Evaluations
9:00 am ET: Session 11: The Cash Flow Statement; AOL Case
- Preparation of the cash flow statement
- Understand the differences between the cash flow statement and income
- Fundamental analysis based on cash flow information
Session 12: Case Discussion of Comprehensive Merger Deal
- Perform rigorous synergy analysis of an proposed acquisition
- Value a target to the acquirer
- Propose a bid structure for a deal
- Follow the bidding process in a competitive bidding environment
- Case Analysis: Paramount
- Group Discussion
12:15 - 1:15 pm ET: Lunch Break
1:15 pm ET: Session 13: Financial Structure and Behavioral Finance
- Use finance to enable more effective operational management decisions
- Understand the pros and cons of various financing choices
- Appreciate and incorporate the information embedded in market prices
- Become aware of the significant impact of human psychology and its common implications for market bias
4:30 pm ET: Program Conclusion and Evaluations
Eli Bartov
Anthony Marciano
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