Finance and Accounting for the Nonfinancial Executive
Master key finance and accounting concepts, including your ability to understand profitability, cash flow, solvency, and growth, and learn how to identify red flags in financial statements for better management and decision-making capabilities.
In five days of hands-on, interactive sessions, Finance and Accounting for the Nonfinancial Executive provides you with a unique opportunity to deepen your expertise of finance and accounting for better management and decision-making capabilities.
The program features sessions on the role of accounting, key concepts of managerial and financial accounting, ratio calculation, forecasting and valuation, and shareholder value management.
At the end of the program, you will have mastered key finance and accounting concepts and understand the relationships among profitability, cash flow, liquidity, solvency, and growth, and identify the red flags in financial statements – highly important in the current volatile financial context.
For a complete program schedule download the agenda.
Are You Ready to Take the Next Step?
Do you already have a solid understanding of financial statements, revenue and expense recognition, and asset and liability measurement but are looking for tools to evaluate the financial consequences of operating, investing, and financing decisions? Our Financial Analysis and Valuation program might better meet your needs.
Please contact our Learning Solutions Specialists at +1 212-854-3395 for a personal conversation to learn more.
Finance and Accounting for the Nonfinancial Executive blends broad financial principles with practical applications.
How You Will Benefit in the Current Context
Participants report appreciating the thoroughness of the program: rigorous, but rewarding. The personal attention participants receive from faculty brings concepts into clearer focus more readily and helps participants quickly gain confidence in their new finance and accounting skills.
Summary of Benefits
- Understand accounting's role in business and master the language of accounting
- Learn and apply key concepts of managerial and financial accounting
- Calculate ratios and develop a sound ratio analysis
- Develop forecasts and conduct valuation analysis
- Apply finance and accounting concepts to shareholder value management
- Identify red flags in financial statements
Upon completion of this program, you will earn five credits towards a Certificate with select alumni and tuition benefits. Learn more.
PLEASE NOTE: The upcoming iteration of this program will take place in a live, virtual setting. See the agenda. You may also view the in-person program schedule for when our in-person programming resumes.
Topics covered during the program are:
Introduction to financial accounting
The economic and institutional setting for financial reporting
- What is financial accounting?
- Objectives, products and uses of financial accounting
- The rule setting process: U.S. and internationally
Assumptions
- Accounting entity
- Going concern
- Monetary
- Periodicity
Constraints
- Estimates
- Materiality
- Consistency
- Conservatism
Accrual accounting
- The accounting equation
- Asset and liability recognition and measurement
- Revenue recognition
- Expense recognition
- Articulation
- Transaction analysis
Financial reporting
Understanding financial statements
- Balance sheet
- Income statement
- Statement of cash flows
- Secondary financial statements: comprehensive income and shareholders’ equity
Accounting quality – implications of
- Accounting conservatism
- Choices, judgements, estimates and incentives
Financial planning and analysis
Managerial Accounting
- Costing
- Pricing
- Budgeting
- Variance analysis
- Performance measurement
Integrating financial and managerial accounting
Mastering net present value (NPV) calculations
Financial statement analysis
Reformulating the financial statements (F/S)
- Operating versus financing activities
- Recurring versus transitory items
Conducting ratio analysis
- Profitability
- Earnings quality
- Solvency
- Liquidity
- Working capital
Forecasting and valuation
Relative valuation
- P/E
- P/B
- EV/EBITDA
Forecasting financial statements
- Revenue
- Key ratios
- Free cash flow
Cost of capital
- Cost of debt
- Cost of equity
- WACC
Fundamental valuation
- Models
- Implementation
Finance and Accounting for the Nonfinancial Executive is designed for midlevel to senior-level executives with five or more years of experience in corporate or divisional roles who seek a deeper understanding of finance and accounting.
The program is well suited for those in creative or technical fields and can also serve as a refresher for executives with some knowledge of finance and accounting.
Columbia Business School alumni and up to four of their colleagues are eligible for a 25 percent tuition benefit for this program. More on the Alumni Tuition Benefit.
| Industry | % |
|---|---|
| Finance/Accounting | 16 |
| IT / Technology | 10 |
| Manufacturing | 9 |
| Healthcare | 9 |
| Energy / Resources | 7 |
| CPG | 6 |
| Shipping & Transport | 4 |
| Retail & Wholesale | 4 |
| Construction | 4 |
| Government | 4 |
| Real Estate | 4 |
| Other | 23 |
| Industry | % |
|---|---|
| General Mgmt | 16 |
| Marketing | 10 |
| Sales | 8 |
| Legal / Compliance | 6 |
| Operations | 6 |
| Administrative | 6 |
| Finance / Accounting | 4 |
| Engineering | 3 |
| Info Systems / Tech. | 3 |
| Other | 25 |
Upon completion of this program, you will earn three credits towards a Certificate with select alumni and tuition benefits.
This program is suitable for attendees at all executive levels with five or more years of experience in corporate or divisional roles who seek a deeper understanding of finance and accounting.