Comprehensive course analysis
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.
- 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
- 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
- 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
- Which numbers need to be “handled with care”?
- How does accounting relate to valuation?
- Capital budgeting
- Working capital from a finance perspective
- Determining the cost of capital
- Company valuation
- Value-based decision making
- Strategic options in value-based decision making
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...
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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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.