Executive Education

Finance for Executives

Sharpen comprehension of insights including M&A and risk management at a top level. Participants of this program can leverage new knowledge and techniques to assess the desirability and value of investment projects, corporate assets, and acquisitions, and will subsequently improve upon their communication with varying financial departments within their organization.

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.

Finance for Executives has been described by past participants as “a must for senior management to better understand their company’s future” and continues to be one of our most highly rated finance programs for its applicability and top faculty team.

By attending this program, you will:

  • Understand how economic outcomes of business decisions are reflected in an organization’s financial reports.
  • Communicate more effectively with financial executives in an organization.
  • Improve financial vocabulary to better understand and interpret financial information.
  • Understand business valuation techniques.
  • Sharpen skills in assessing the strengths and weaknesses of competitors by analyzing their financial statements.
  • Better utilize financial information in managerial decision making.
  • Assess the desirability and value of investment projects, corporate assets, and whole companies (acquisitions).
  • Discuss current financial problems with some of the nation’s top finance faculty.
  • Understand the impact of operating decisions on financial performance.

 

DATES
September 19 - 23, 2016

FEE
$9,985

LOCATION
Chicago Booth, Gleacher Center, Chicago IL



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Steven N. Kaplan

Neubauer Family Distinguished Service Professor of Entrepreneurship and Finance

Steven N. Kaplan is the Neubauer Family Distinguished Service Professor of Entrepreneurship and Finance at the University of Chicago Booth School of Business. He is the Faculty Director of Chicago Booth’s Polsky Entrepreneurship Center. Professor Kaplan has been a member of the faculty since 1988.

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Richard Leftwich

Fuji Bank and Heller Professor of Accounting and Finance

Richard Leftwich teaches MBA courses and executive MBA courses in financial statement analysis and financial management at the University of Chicago Booth School of Business. In 1994, he received the prestigious McKinsey Award for Excellence in Teaching.

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Kevin F. Rock

Clinical Professor of Finance

Kevin Rock joined the faculty of the University of Chicago Booth School of Business in 2004. Prior to his appointment, he taught courses in corporate finance and mergers and acquisitions at MIT’s Sloan School of Management where he was named Teacher of the Year in 2003, 2000, and 1996.

The subject matter is vast and both professors, Rock and Leftwich, did an excellent job taking more complex theory and analysis, and breaking it down to easily understood practical application. Moreover, their depth and insight into the subject matter drove valuable case discussion, addressing various alternatives and actual outcomes. The program challenged my thoughts and understanding, meeting my objectives of the program – thank you! It was fascinating and I will study this subject matter more.

- Richard Turek, VP of Operations, Bway Corporation


The program is excellent for anyone that wishes to gain a better insight into why companies make strategic decisions from a financial analysis point of view. I learned not only the how but also the why behind key financial decisions.

- Dr. Douglas Hutchens, VP, Global Development and Chief Veterinary Officer, Bayer Animal Health, Bayer HealthCare


Great course. World-class faculty and am now considerably more prepared to understand finance discussions at work than before.

- David Anderson, Director, Strategic Business Development, Omnova Solutions Inc.


I can see why Booth is rated so high among other Executive Programs. The content was delivered in an understandable fashion by teaching faculty who can balance theory with practicality. Booth is a great investment!

- Chris Stanton, President, Pratt Industries


As a scientist transitioning to financing of companies via venture capital, the concepts and more important business thought process and analysis taught during the course will be invaluable.

- Juan Harrison, Vice President, Takeda Ventures Inc.


Excellent program. It puts you in the driver's seat to assess opportunities and identify problems with your company, business, or project.

- Isaac Moussan, Kemira, Director of Market Development


Great program…, hit the ground running…, efficiently theory up…, approach the numbers with ease…, untangle risk and get to the heart of the matter. Well beyond a finance curriculum. A+, guys!

- Stanley Stone, Plant Manager, De-Sta-Co - Wheeling (a Dover Co.)


I personally learned a great deal from this course. The case studies were nothing short of fascinating. The real advantage is the ability to learn from brilliant professors. The educational experience is nothing short of phenomenal. Return on investment by taking this course is extremely high for any executive who wants to broaden their understanding of financial terms, strategies and applications. Simply can’t find a better educational experience than what I've enjoyed this week!

- Kenneth Johnson, Chief Engineer – Northern Region, Union Pacific Railroad


In my job I am responsible for financial decisions and now I have new knowledge and skills that will facilitate them and my working relationship with my CFO.

- Juan Carlos Gil, Executive VP Venezuela Business Unit, Inelectra


Outstanding course content with excellent instructors. Very logical and understandable explanations in assessing value equity and debt in companies. Would recommend this course to all senior managers in operations of business.

- Todd Harrold, Vice President Operations, BAE Systems


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.

This program builds upon our Financial Analysis for Nonfinancial Managers program. Individuals should have a working knowledge of accounting and finance, including budgeting, income statements, and balance sheets, in order to benefit from this program. If you have questions about which program would provide the most value to you, please contact us prior to registering.

Program Outline

Financial Statement Analysis and Cash Flow Forecasting

  • Terminology
  • Uses of financial analysis: using financial statement analysis to analyze company operating strategies and their success
  • Performance evaluation analysis
  • Developing cash flow forecasts based on company operating strategies

Financing Decisions

  • Financing sources
  • Overall capital structure design
  • Choices among financial instruments to implement desired capital structure
  • Risk management

Investment Decisions and Value Creation

  • Evaluating projects using net present value
  • Calculating cost of capital
  • Valuing companies
  • Restructuring and acquiring companies