Associate Professor of Accounting
Accounting Area Coordinator
Accounting Area Coordinator
Executive Finance Course For Non-Finance Managers
Upcoming Dates and Tuition:
December 9-12, 2024
8:30 am to 4:30 pm
Tuition: $6,500
Overview
Possessing the ability to make sound financial decisions is critical for any executive. Through our Finance and Accounting for Non-Financial Managers program, you’ll gain a better understanding of financial statements, key performance indicators, and financial reporting – knowledge you need to fully understand how financial data and reporting impacts management decisions and strategy. Designed for non-financial managers or those seeking to refresh their skills, this four-day intensive course equips you to understand the language of finance and accounting so you can confidently take your seat at the leadership table.
Interested in Executive Education?
The course introduces concepts, terms and practices that are useful for executives. The program will spark thought.
David Price, United Petroleum Transports
Finance and Accounting Program
Who Should Attend
Non-financial managers who make business decisions that impact their organization's financial results or are impacted by their organization's financial models
Program Takeaways
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Learn the critical concepts, terms and components of finance and accounting
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Understand each of the three major financial statements and the interrelatedness of these statements
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Develop ability to identify what metric companies are being measured on and its meaning
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Learn how to assess the financial standing of your business unit or organization
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Learn various financial strategies related to specific business models and how to benchmark performance
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Develop ability to determine cost of capital and equity
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Understand evaluation of capital investment options and capital investment decisions
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Understand stockholder equity, including the effects of stock options and repurchases
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Recognize financial manipulation
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Make informed business decisions and gain more leadership credibility
Program Schedule
AM Session
PM Session
DAY ONE:
Introduction to Financial Reporting
Transaction Analysis and Financial Statement
- Understanding the balance sheet and income statement
- Interrelation between financial statements
Interpreting the Cash Flow Statement
- Understanding cash flows
- Calculating free cash flows
- Detecting financial misreporting
DAY TWO:
Financial Statement Analysis
Evaluating Revenues and Inventory
- Revenue Recognition
- Inventory Management
Understanding Financial Ratios
- Dupont Analysis
- Understanding Stock based compensation
DAY THREE:
Financial decision-making
Finance Fundamentals
- Goals of financial management
- Foundations of valuation: time value of money
- Financial decision tools for maximizing firm value
Project selection
- Troubleshooting investment decisions
- Capital budgeting: harnessing financial statements
- Estimating cash flows: operating cash flows
DAY FOUR:
Financial decision-making
Discounted cash flow-based decision-making
- Estimating cash flows: capital expenditures and working capital
- Don’t be fooled: Relevant vs. irrelevant cash flows
- Applications and cases
Cost of capital
- Financing the firm
- Cost of equity and debt
- Weighted average cost of capital
- Tying it together: synthesis case
Meet Your Professors
Rice Business Wisdom
Rice Business Wisdom is our online ideas magazine that features faculty research.
Investing | Peer-Reviewed Research
How does an IPO affect your community?
Based on research by Alexander Butler
Investing | Peer-Reviewed Research
Can A Few Details Transform Your Earnings Forecast?
Based on research by Professor Brian Rountree
Finance | Peer-Reviewed Research
How A Swath Of Midwestern Cornfields Explains The Effect Of Finance On Economic Growth
Based on research by Professor Alexander Butler
