Finance and Accounting for the Nonfinancial Executive
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.
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 for Strategic Decision Making program might better meet your needs.
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
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