Chicago Booth Approach to Finance

Booth School of Business

How long?

  • 8 weeks
  • online

Booth School of Business

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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. Executives who wish to update their knowledge of the core finance and accounting principles will also benefit from this program.

About the course

Today’s unpredictable and fast-changing business world requires executives from every level to have a solid understanding of finance and accounting core 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.

In this six-week online program taught by Chicago Booth Professor Haresh Sapra, you’ll gain the tools and frameworks to interpret financial statements to better understand the financial performance and health of an organization. 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 the end of the program, you will:

  • Strengthen 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 & the Accounting Process
    • Introduction to the key financial statements (balance sheet, income statement and cash flow)
    • Accrual vs cash accounting
    • Deriving the formula for the cash flow statement
    • Operating activities
    • Investment activities
    • Financial activities
  • The Profit & Loss Statement
    • Revenue recognition
    • COGS and operating expenses
    • Discontinued operations
    • Corporate taxes
  • Asset Analysis
    • Key asset groups analysis
    • Long-term asset
    • Brands, R&D and other intangibles
    • Depreciation methods
    • Inventory accounting methods
    • Other current assets topics
  • The Liability Analysis
    • Key liability groups discussion
    • Financial debt and leases
    • Provisions and other contingencies
    • Current liabilities
    • Off balance sheet items
  • The Financial Statement Analysis & Performance Measure
    • Learn terminology, review of financial statements
    • Common size and trend analyses
    • Evaluate return on assets (ROA) & return on equity(ROE)
  • Investment Decisions & Valuation
    • Learn terminology, review of financial statements
    • Common size and trend analyses
    • Evaluate return on assets (ROA) and return on equity (ROE)

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...

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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.

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