FINANCE & ACCOUNTING
Manage your bottom line – don’t let it manage you.
Manage your bottom line – don’t let it manage you. The finance and accounting curriculum will demystify your route to financial success and help you develop a well-rounded understanding of language and requirements of financial expectations and performance. Learn the finance language to better communicate with financial professionals in your organization. Led by our faculty experts and their proven methods of instruction that include class exercises utilizing Excel, case analysis and instructor lectures, you will better understand financial reports, utilize the information they contain, and contribute to financial decisions. Currently this curriculum is offered in a 4.5 day Graduate Certificate in Finance and Accounting.
Who Should AttendParticipants come from a variety of industries and levels of experience, and the program is best suited towards those who are new to financial concepts and techniques, as well as any professional who wishes to update his or her knowledge of basic finance and accounting. It is particularly applicable to individuals whose backgrounds are in functional areas such as marketing, sales, manufacturing, HR, and engineering.
Karen Nelson, Ph.D.: Harmon Whittington Professor of Accounting
Brian Rountree, Ph.D.: Associate Professor of Accounting
Alex Butler, Ph.D.: Professor of Finance (2015)
Accounting - The accounting portion focuses on accounting and builds the foundation for participants to understand the significance and use of information in financial reports relative to management decisions. The learning objectives include identifying the relationships between the primary financial statements, the significance of accrual accounting concepts and the differences between income, cash flow, assets and expenses and the meaning of the terms and data found in financial reports.
Finance - The finance portion deals with managing growth, earnings and cash, and with a firm's weighted average cost of capital and its relation to both Economic Value Added (EVA) and capital expenditure analysis. The learning objectives include gaining an understanding of the effect of growth on earnings and cash and how to determine optimal growth, the study of how to determine a firm's cost of capital and how it relates to the distinction between earnings and economic profit.
Strategic Execution - Strategic execution concentrates the knowledge garnered from the first two sessions in understanding how companies' strategies and operational execution are revealed in financial statements. We develop a systematic performance evaluation methodology that provides the foundation for assessing current and future economic prospects, along with linking this information to valuation. The learning objectives include developing an understanding of earnings management techniques and evaluating the implications for future performance, introducing the concept of ratio analysis and illustrate how to adjust ratios for differences in accounting techniques and operational decisions, creating a systematic method for evaluating firm performance using publicly available financial statements and linking this to forecasts of future performance.