Having a firm understanding of balance sheets, income statements and cash-flow has moved from solely being in the domain of the CFO. All leaders, independent of area within the firm, greatly benefit from understanding these financial scorecards. Finance for Non-Finance Executives Program is structured to give you the knowledge, tools and applications to become a more astute leader who is able to balance the costs and benefits when evaluating financial decisions.
The program will emphasize both the importance of the big-picture along with the intricacies of financial decision making. The goal is to provide executives or managers with a firm grounding in finance-driven decision-making. Attendees will leave with the tools that will allow them to more fully evaluate growth potential, profitability, investment and financing decisions.
Benefits To You
- Learn financial terminology, “the language of finance”, and general finance principles
- Identify financial drivers of value that impact your business
- Learn and apply financial concepts and tools such as:
- Value Creation
- Financial Statement Analysis
- Cash Flow
- Income Statements
- Balance Sheets
- Time Value of Money
- Internal Rate of Return
- Payback Period
- Stock and Bond Valuation
- What is Financial Management?
- Corporate Securities as Claims on Firm Value
- Goals of a Firm
- Financial Markets
- What investments should the firm be in?
- The Capital Budgeting Decision
- The Capital Structure Decision
- The Balance Sheet
- The Income Statement
- Net Working Capital
- Cash Flow
- Statement of Cash Flows
- Cash Flows vs. Income
- Making Consumption Choices Over Time
- Making Investment Decisions Over Time
- Illustration of the Investment Decision
- Net Present Value (NPV)
- One Period Case
- Multi period Case
- Compounding and Interest Rates
- Definition and Examples of Bonds/Debt
- How to Value Bonds
- Bond Concepts
- Stock Valuation
- Estimation of Parameters in the Dividend-Discount Model
- Growth Opportunities
- Price/Earnings Ratio
- Stock Market Reporting
- Alternative Investment Rules
- Why do we use Net Present Value?
- Payback Period Investment Rule
- Discounted Payback Period Investment Rule
- Average Accounting Return (AAR)
- The Internal Rate of Return (IRR)
- Problems with the IRR Approach
- Profitability Index
- The Practice of Capital Budgeting
- Strategy and Analysis in Using NPV
- Decision Trees for Valuation
- Sensitivity Analysis
- Scenario Analysis
- Break-Even Analysis
- Option Value
- Option to Expand
- Option to Abandon
- Holding-Period Returns
- Return Statistics
- Average Stock Returns and Risk-Free Returns
- Risk Statistics
- Corporate Decisions and Efficient Capital Markets
- A Description of Efficient Capital Markets
- The Different types of Efficiency
- The Evidence on Efficiency
- The Behavioral Challenge to Market Efficiency
- Empirical Challenge to Market Efficiency
- Reviewing the Differences
- Implications for your Firm
Summary and Conclusion
- Final questions
- Group discussion of key takeaways
- Closing remarks
End of Course / Questions and answers
This comprehensive three-day course is designed specifically for:
- Executive Heads
- Marketing Directors
- Sales Directors
- Chief Executive Officers
- Managing Directors
- Senior General Managers
- HR Directors & HR Executives
- Chief Operating Officers
- Heads of Departments responsible for non-financial business units
- Decision makers and those responsible for delivering company growth and shareholder value
Dr. Josh Pierce
Dr. Pierce earned his Ph.D. in Finance from Michigan State University. He is currently the Chair of Banking and Finance at the Culverhouse College of Business at the University of Alabama.
Dr. Pierce has published articles on topics such as the benefits of bank lending, financial constraints, optimal capital structure, and CEO turnover. His research has appeared in such journals as the Review of Financial Studies, the Journal of Business, the Journal of Corporate Finance, the Review of Corporate Finance Studies, and Financial Management.
In 2011, Dr. Pierce’s paper titled “New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index” , won the BlackRock Michael Brennan award for the best paper published in the Review of Financial Studies.
He has been involved with Executive Education programs over the past ten years at schools such as the Ross School of Business at the University of Michigan and Tulane University where he taught both custom and open enrollment courses.
He has regularly been nominated or been the recipient of numerous teaching awards including most recently the Beta Gamma Sigma Outstanding MBA Teacher of the Year.
Holiday Inn Hotel, Sandton – Johannesburg
10 – 12 December 2018
Local Fee: R 35,000
International Fee: $ 2,999
Get 15% discount, when you register 3 or More delegates.
Get 10% discount, when you register 3 months before the course’s start date.
Get 5% discount, when you register 2 months before the course’s start date.
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