Finance for Managers

ESMT

How long?

  • 3 days
  • in person

ESMT

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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 ...

Read more about Strategy

In order to keep the company that you are managing or your own business competitive, you need to have a clear plan of action, in other words, you must...

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Who should attend

Senior or mid-level managers from a non-financial background interested in gaining a better understanding of financial principles.

About the course

Boost your financial literacy

In their quarterly hustle to meet the numbers, managers rarely take the time to step back and consider how these numbers relate to the big picture or how their decisions and performance actually add value. This program seeks to change that. We provide you with a framework that transforms strategy buzzwords and financial jargon into clear tools and objectives. These actionable takeaways will help you to communicate and manage important decisions such as investments and M&As more effectively.

Although the program blends insights from theory and practice, it will be very hands-on to boost your financial literacy. The program will show you how to read and analyze financials through the lens of value-creation. We will explore these numbers to understand how to present and choose among business cases, how to factor in uncertainty, and how to value a company. We will also make sure that you avoid common mistakes and fallacies in financial decision-making going forward to create a lasting impact on your career.

Key Benefits

  • Gaining a deeper understanding of profit-and-loss accounts, balance sheets, and cash flow
  • Learning to identify relevant costs and revenues
  • Communicating financial goals to others
  • Building a network of global contacts

Key topics

  • Developing awareness of external financial markets and their effects on management decisions
  • Explaining relationships between revenue and costs, how return on capital employed (ROCE) is built from these two components, and how profit differs from cash
  • Forensic analysis of financial statements to understand and predict performance and financial stress
  • Understanding the basic valuation framework surrounding investment decisions; measuring the consequences of time adjustment, amounts of relevant cash flow, and risks
  • Learning how to manage working capital more efficiently

Agenda

Day 1

  • Why accounting if “cash is king”?
  • How to read financial statements
  • How to analyze financial statements
  • DIY: Analyze and present a public company of your choice

Day 2

  • Which numbers need to be “handled with care”?
  • How does accounting relate to valuation?
  • Capital budgeting
  • Working capital from a finance perspective

Day 3

  • Determining the cost of capital
  • Company valuation
  • Value-based decision making
  • Strategic options in value-based decision making

Experts

Jörg Rocholl

Jörg Rocholl has been the president of ESMT since July 2011. He joined ESMT in July of 2007 as an associate professor. In July 2010 he was promoted to professor and awarded the first EY Chair in Governance and Compliance. In September 2010 he was named as the associate dean of faculty and in Apri...

Maximilian Müller

As an associate professor of accounting, Max is committed to helping students and managers increase their financial literacy. Prior to joining ESMT in 2020, Max was on the faculty of WHU – Otto Beisheim School of Management and a visiting scholar at the University of Chicago Booth School of Busin...

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Finance for Managers at ESMT

From  EUR 3 900$4,818
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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 ...

Read more about Strategy

Strategy courses contain a large amount of practice. You will be able to analyze the company's performance and make a strategic development plan. All practices are based on real cases that each of you may encounter. The courses will also introduce yo...

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