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Finance and Accounting for Non-Finance Executives

$6,336.00 $7,200.00 Save $864.00
Finance and Accounting for Non-Finance Executives

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NYU Stern School of Business
44 West 4th Street
New York, NY 10012

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Finance and Accounting for Non-Finance Executives

$6,336.00 $7,200.00 Save $864.00

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Overview

PLEASE NOTE: This program is currently being taught as an In Person class.

This program equips executives with a general understanding of accounting and financial principles as they relate to organizations' operations and decision-making processes. It also prepares financial analysts and investors with a general understanding of the valuation content and limitations of financial statement information.

Starting with a review of financial data in a company's annual report and accounting statements, participants will gain a well-rounded understanding of how basic accounting information may be used in communicating with financial managers, as well as to assess a firm's future prospects and value. The remaining time will be spent covering finance principles relevant to leaders whose primary job responsibilities are outside of the finance function with implications for project decisions, corporate structure and performance measurement. This will involve examining how project choice maps to various financial metrics and highlighting common pitfalls in this process, such as recent psychological biases described in the field of Behavioral Finance.


Certificates and Credits

Upon completion of this course, participants will receive a Certificate of Achievement.
 

Program Takeaways

During this course, participants will:

  • Financial Report Analysis

    Analyze a firm's annual reports and statements to interpret the data for use in the organization and to assess a firm's future prospects and value

  • Improved Decision Making

    Evaluate concerns related to the acquisition/investment decisions of the organization and their funding

  • Valuation Techniques

    Practice valuation techniques of Discounted Cash Flow and NPV in the form of discussion, exercise and real case analysis

Who Should Attend

Although there are no formal education or background requirements, this course is designed for executives who meet the criteria below. While we strongly encourage global participation, please note that all courses are taught in English. Proficiency in written and spoken English is required.

  • Years of Experience

    This course is designed for professionals with 5+ years of work experience

  • Job Functions

    Professionals who make business decisions that affect the firm’s financial results, or are impacted by financial models

  • Prerequisites

    This course is designed for individuals who interact regularly with the finance area of their firms

Agenda

The following agenda is a sample and subject to change.

9:00 am ET: Session 1: Introduction to Accounting

  • What do financial accountants do?
  • The annual report

Session 2: The Balance Sheet

  • Presentation of assets on the balance sheet
  • Valuation of assets
  • Presentation and valuation of liabilities

12:15 - 1:15 pm ET: Lunch Break

1:15 pm ET: Session 3: The Balance Sheet (continued)

  • Off balance sheet financing
  • "Cookie jar" reserves
  • Fundamental analysis based on balance sheet information assessing a firm's riskiness

Session 4: Introduction to Corporate Finance and Value-based Principles

  • Description of areas of Corporate Finance: Valuation, Financial Structure, and Acquisitions
  • Observe how business decisions map to financial performance measures, such as profit/loss
  • Measure performance through a host of metrics including: return on investment, value-added and share price

4:30 pm ET: Conclusion and Evaluations

9:00 am ET: Session 5: Value-based Principles for Generating and Measuring Performance

  • Value a project strategy and its impact on operational decision making
  • Observe how business decisions map to financial performance measures
  • Measure performance through various metrics including: return on investment, NPV and share price

Session 6: The Income Statement

  • Presentation of the income statement
  • Revenue and expense recognition
  • Accrual accounting
  • Capitalization versus expensing
  • Fundamental analysis based on income statement information assessing the integrity of financial statement information and firm's performance

    12:15 - 1:15 pm ET: Lunch Break

    1:15 pm ET: Session 7: Case Study: America Online

    • Small group discussion and analysis

    4:30 pm ET: Conclusion and Evaluations

      9:00 am ET: Session 8: Case Discussion to Apply Valuation for a Corporate Investment

      • Financial Measurement and Incentive Issues in a Corporation
      • Determine project value and attractive investment decisions
      • Case Analysis: Gulf Oil
      • Group discussion

      Session 9: Mergers and Acquisitions

      • Evaluate synergies in strategic acquisitions
      • Negotiate the form, financing and structure of a merger
      • Address the concerns of the bidding process
      • Understand and navigate through the intricacies of an acquisition

        12:15 - 1:15 pm ET: Lunch Break

        1:15 pm ET: Session 10: AOL Case Discussion

        • America Online: Case Analysis and Class Discussion

        4:30 pm ET: Conclusion and Evaluations

          9:00 am ET: Session 11: The Cash Flow Statement; AOL Case

          • Preparation of the cash flow statement
          • Understand the differences between the cash flow statement and income
          • Fundamental analysis based on cash flow information

          Session 12: Case Discussion of Comprehensive Merger Deal

          • Perform rigorous synergy analysis of an proposed acquisition
          • Value a target to the acquirer
          • Propose a bid structure for a deal
          • Follow the bidding process in a competitive bidding environment
          • Case Analysis: Paramount
          • Group Discussion

            12:15 - 1:15 pm ET: Lunch Break

            1:15 pm ET: Session 13: Financial Structure and Behavioral Finance

            • Use finance to enable more effective operational management decisions
            • Understand the pros and cons of various financing choices
            • Appreciate and incorporate the information embedded in market prices
            • Become aware of the significant impact of human psychology and its common implications for market bias

            4:30 pm ET: Program Conclusion and Evaluations

              Program Faculty

              Our courses are taught by seasoned NYU Stern faculty and renowned subject matter experts. Please note that course faculty are subject to change depending upon availability.

              Eli Bartov
              Eli Bartov


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              Anthony Marciano
              Anthony Marciano


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              Customer Reviews

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              N
              Natan Edelsburg
              Perfect course to gain more knowledge in finance and accounting

              This course was exactly what I needed to expose myself to finance/accounting. Both professors were engaging and taught important concepts in a productive way. The case studies were useful and they gave us appropriate time to work as a group and come back together. I feel more confident understanding financial statements and having conversations with my finance/ops team at work.

              J
              JS
              Good crash course in Accounting, Corp Finance and M&A

              Professors Bartov and Marciano are excellent story tellers and were able to cover a semester's worth of content in 4 days at a very high level. The content of the course was well organized into sections of a binder, so you can flip through slides and take notes. Professors were also responsive to your interests, tailored more time on specific topics if requested, and they made time to answer specific questions during breaks and lunch.

              We were provided with Case Studies 1-2 weeks in advance. While I found them useful, I think the time allocated to work in groups could have been shortened by ~1 hour, in exchange for more lecture time to cover specific topics in more detail.

              My feedback would be to provide more case studies (to read on our own), reading material/ news articles, book suggestions, and online resources that any MBA class would have access to. I would also focus more time on Valuation and M&A (maybe 1.5 days instead of just the last day). I am sure we could have dived deeper into examples and core metrics used by CFOs (e.g. IRR), what Bankers look for, what PE firms look for, etc. Discussing success/failures of historic M&A deals would have been nice, in addition to current state of M&A, high level market trends, how technology and digital assets are impacting M&A, and what the next 3-5 years look like.

              Program Admin should coordinate more networking events during lunch/evenings with other Exec courses.

              Overall, I recommend this course to other execs.