Chicago Booth Approach to Finance

Booth School of Business

What are the topics?

Booth School of Business

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Read more about Finance

Finance is an integral and most important component of any business, so everyone needs to improve their competence in this area. Finance courses will ...

Who should attend

This program is designed for mid- senior managers from across an organization, within a wide-range of industries, who do not have formal training in finance and accounting and wish to develop or update their knowledge of core finance and accounting principles.

This program will also benefit those in professions such as consultants, scientists, engineers, healthcare, small- medium size business owners, and other professionals who want to increase their financial acumen to make better business decisions.

About the course

In this eight-week online program taught by Chicago Booth Professor Haresh Sapra, you'll acquire the tools and frameworks to interpret financial statements to better understand the financial performance and health of an organization.

This program is in partnership with Global Alumni.

oday’s unpredictable and fast-changing business world requires executives from every level to have a solid understanding of core finance and accounting principles to make impactful business decisions. Practical financial decision-making is critical to an organization’s ability to combat competition, make strategic growth decisions, and create shareholder value.

You’ll discover key concepts such as interpreting balance and income statements, cash flow principles, asset and liability analysis, and risk and forecasting tools - all to make more impactful financial decisions. You’ll acquire the tools to quantitatively evaluate choices and how these choices affect your institution’s incentives and resources. This program offers a practical guide to using financial instruments when making allocation decisions, and are immediately applicable to you and your organization.

By attending this program, you will:

  • Build up your financial decision-making by learning core finance and accounting principles.
  • Learn how to evaluate and identify red flags in financial statements and balance sheets.
  • Discover how the relationship between profit and cash flow is crucial to the health of an organization.
  • Learn how to gain insight into an organization’s efficiency and profitability by using tools such as ratios and liability analysis.
  • Acquire the tools to financially forecast for proper business planning.
  • Strengthen your finance and accounting terminology to better communicate across your organization.

Program Outline

Introduction to Accounting and the Accounting Process

  • Become familiar with accounting, the language of business
  • Prepare basic financial statements
  • Understand how to apply the formula for the Statement of Cash Flows

The Profit & Loss Statement

  • Understand the five concrete steps involved in applying the revenue recognition principle
  • Become familiar with inventory accounting and the key issues related to accounting
  • Be able to record discontinued operations under both U.S. GAAP and IFRS standards, and to understand corporate taxes

Asset Analysis

  • Distinguish between tangible and intangible assets
  • Understand the concepts of depreciation and amortization
  • Become familiar with the general rules for asset impairment.

The Liability Analysis

  • Understand and distinguish among the main categories of liabilities
  • Recognize the principal components of noncurrent and current liabilities
  • Grasp the concepts of off-balance-sheet accounting and contingent liabilities

Analyzing Financial Statements

  • Learn how to perform financial statement analysis through the use of ratios
  • Understand how to examine a company’s cost structure
  • Perform liquidity and solvency analysis

Introduction to Valuation

  • Understand the concepts of Net Present Value (NPV) and Internal Rate of Return (IRR)
  • Calculate the Free Cash Flow (FCF), the Weighted Average Cost of Capital (WACC), and the Appropriate Discount Rate
  • Articulate on other valuation methods, such as Market Multiples and Comparable Transactions

Experts

Haresh Sapra

Haresh Sapra studies the real effects of accounting measurement policies, disclosure regulation, and corporate governance. His current research deals with issues of disclosure, transparency and financial reporting for financial institutions. For example, how do accounting measurement rules impact...

Videos and materials

Chicago Booth Approach to Finance at Booth School of Business

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Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Read more about Finance

During Finance courses, you will get acquainted with a huge number of financial analyst tools and learn how to work with them. So, you will learn how to make and analyze financial reporting, calculate the main financial indicators of the company and ...

Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.

We are happy to help you find a suitable online alternative.