Booth School of Business

The Executive Finance Program: Financial Strategies to Drive Performance and Value

Available dates

Jun 1—5, 2020
5 days
Chicago, Illinois, United States
USD 11800
USD 2360 per day

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About the course

Build on your knowledge of basic finance to achieve a more sophisticated understanding of how the tools of modern finance can be used to evaluate investment opportunities and make capital structure and capital management decisions to drive organizational value. Learn how to assess M&A, private equity, and venture capital opportunities, and be well-positioned to have more informed discussions with CFOs, CEOs, and boards as a result.

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.

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.

Program Outline

Pre-Work to Lay the Foundation (Online)

This online pre-work program, led by professor Haresh Sapra, ensures you are ready to tackle the program’s financial concepts.

Financial Statement Analysis and Cash Flow Forecasting

  • Learn terminology, review of financial statements, cash flows, DuPont formula
  • Use DuPont analysis to understand drivers of profitability
  • Evaluate quality of earnings analysis
  • Understand free cash flow versus earnings

Investment Decisions and Valuation

  • Evaluate projects using net present value (NPV) and internal rate of return (IRR)
  • Calculate cost of capital: weighted average cost of capital (WACC)
  • Study valuation methods: discounted cash flow (DCF), multiples, adjusted present value (APV)
  • Apply valuation to M&A deals

Financing Decisions

  • Understand financing sources
  • Understand the basics of capital structure decisions and how these decisions affect value
  • Learn the differences among financial instruments to implement desired capital structure
  • Examine distressed debt

Entrepreneurial Finance and Strategy

  • Gain overview of entrepreneurial finance, PE, VC, and LBOs
  • New venture strategy

Creating Shareholder Value

  • Explore practical perspectives: corporate governance and the role of boards; CFO viewpoint
  • Examine course summary through the lens of shareholder activism

Self-Paced Online Modules

Gain access to highly focused, online finance learning modules that complement program content and strengthen your technical skills.

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.

Trust the experts

Steven Kaplan

Neubauer Family Distinguished Service Professor of Entrepreneurship and Finance, University of Chicago Booth School of Business

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Douglas Skinner

Douglas Skinner is a leading expert in corporate disclosure practices, corporate financial reporting, and corporate finance, with a focus on payout policy. His research addresses (1) the causes and capital market effects of managers'' corporate disclosure choices (especially forward-looking infor...

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Gregory Bunch

Greg Bunch draws on a wealth of experience as an entrepreneur, manager, consultant, alderman, and teacher. He is the founder of Masterplan International Corporation, a strategy consulting firm. He was also a partner at Brandtrust, a brand strategy consultancy. Greg is a co-founder of Oration, a ...

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Amir Sufi

Amir Sufi is the Chicago Board of Trade Professor of Finance at the University of Chicago Booth School of Business. He is also a Research Associate at the National Bureau of Economic Research. He serves as an associate editor for the American Economic Review and the Quarterly Journal of Economics...

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Finance For Executives

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