Finance for Executives
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In this advanced finance program, you will deepen your skills and understanding of current trends in capital markets and corporate finance to increase value and improve performance in your organization.
Topics include how to evaluate and finance capital investment projects, M&A, the role of private equity and nontraditional financing, and investor activism.
As a leader in your organization, the decisions you make can have a significant impact on the financial health of your company. This program will help you assess the value of your strategic decisions by giving you a broader understanding of finance and the interaction between business strategy and financial strategy.
In this program, you will take your finance comprehension beyond the operational finance of budgeting and income statements to include capital structure, risk analysis, strategy, and valuation. You will gain techniques to assess the value of investment projects, corporate assets, and acquisitions, and have better discussions with your CFO and financial executives as a result.
Finance for Executives has been described by past participants as “a must for senior management to better understand their company’s future” and continues to be one of our most highly rated finance programs for its applicability and top faculty team.
By attending this program, you will:
- Obtain a deeper understanding of how your organization’s economic outcomes are reflected in its financial statements, and how those statements are used inside and outside the organization.
- Gain a sophisticated understanding of how to use financial statements to better understand the economics of other entities, including competitors.
- Communicate more effectively with financial executives within the organization and with important external stakeholders such as analysts and investors.
- Better understand how to use modern valuation techniques to evaluate investment opportunities, both projects and other businesses, including M&A and LBOs.
- Learn why optimizing management of capital, including liquidity and leverage, can affect firm value and how to value other businesses.
- Understand entrepreneurial finance, including private equity and venture capital.
- Learn how to manage external communications and capital to avoid unwanted attention from activist investors, short-sellers, and other corporate predators.
Financial Statement Analysis and Cash Flow Forecasting
- Terminology, review of financial statements, cash flows, DuPont formula
- Using DuPont analysis to understand drivers of profitability
- Quality of earnings analysis
- Free cash flow versus earnings
Investment Decisions and Valuation
- Evaluating projects using net present value (NPV) and internal rate of return (IRR)
- Calculating cost of capital: weighted average cost of capital (WACC)
- Valuation methods: discounted cash flow (DCF), multiples, adjusted present value (APV)
- Applying valuation to M&A deals
- Understanding financing sources
- Basics of capital structure decisions and how these decisions affect value
- Choices among financial instruments to implement desired capital structure
- Distressed debt
Entrepreneurial Finance and Strategy
- Overview of entrepreneurial finance, PE, VC, and LBOs
- New venture strategy
Creative Shareholder Value
- Practical perspectives: corporate governance and the role of boards; CFO viewpoint
- Course summary through the lens of shareholder activism
Who should attend
Executives in every functional area of responsibility, from all industries, whose decisions have significant impact, will benefit from this course. In particular, executives in areas such as marketing, sales, operations, manufacturing, or engineering, as well as general managers who have been promoted through these routes will find this program beneficial.