Gain a practical understanding of how to interpret and use internal and external financial reports to inform and influence the decision-making process. Once you know how to translate financial information, you’ll be able to apply it to your business immediately.
As a leader in your organization, having a firm understanding of financial principles is crucial to achieving strategic growth. This program will increase your ability to interpret financial reports, better communicate with financial officers in your organization, evaluate your unit's financial performance, and make sound financial decisions.
After completing the program, you will be better able to communicate the financial goals and performances of your department within your organization as well as to outside sources.
By attending this program, you will:
This program is designed for mid- to senior-level executives from across an organization, within a wide-range of industries, who do not have formal training in finance and accounting and wish to develop or update their knowledge of core finance and accounting principles.
This program will also benefit those in professions such as consultants, scientists, engineers, healthcare, small- medium sized business owners, and other professionals who want to increase their financial acumen to make better business decisions.
Phil Berger served on the faculty of the Wharton School from 1991 – 2002 (including as a tenured Associate Professor from 1998 – 2002) before joining Booth as a tenured Full Professor on July 1, 2002. His research focuses on financial reporting and corporate finance, he has published in all the top peer reviewed accounting and finance journals, and he has been an editor of Journal of Accounting Research for 18 years. Berger has chaired or served on the dissertation committees of many top accounting students from Booth who currently work at such top schools as Harvard, MIT, Wharton, Stanford, Columbia, Yale, NYU, Ohio State, Washington University, UCSD, and others. Having served a three-year term as Deputy Dean for Booth’s part-time MBA programs (evening, weekend, and EMBA), he recently completed five years of serving as the Director of Booth’s Chookaszian Accounting Research Center.
His teaching interests are mainly in accounting for entrepreneurs, financial accounting, and empirical accounting research. His teaching experience covers undergraduate, MBA, executive, and Ph.D. courses. While at Wharton, he won every MBA teaching award that the Wharton School offers. At Chicago Booth, he has been awarded the 2011 Phoenix Prize.
Berger holds Ph.D. and MBA degrees from the University of Chicago as well as undergraduate and graduate degrees from the University of Saskatchewan, Canada.
Haresh Sapra is the Charles T. Horngren Professor of Accounting at the University of Chicago Booth School of Business. He studies the real effects of accounting measurement policies, disclosure regulation, and corporate governance. His current research deals with issues of disclosure, transparency and financial reporting for financial institutions. For example, how do accounting measurement rules impact the optimal design of prudential regulation for financial institutions? To what extent should accounting and prudential regulation be linked? What is the impact of loan loss provisioning models on banks’ risk-taking behaviour? His research has been published in journals such as The Accounting Review, Journal of Accounting Research, Games and Economic Behavior and the Journal of Accounting and Economics. He teaches financial accounting to Executive MBA students, an MBA elective on Deal Structuring and Financial Reporting Implications and a PhD course on the economic modeling of accounting issues. He is currently the editor of the Journal of Accounting Research.
Sapra has won numerous teaching awards in all the programs at Booth. Sapra has been named one of the top-ranked professors in BusinessWeek's Guide to the Top Business Schools. Sapra has also the Ernest R. Wish Accounting Research Award for his paper "Do Mandatory Hedge Disclosures Discourage or Encourage Excessive Speculation?"
Sapra earned a PhD in Business Administration in 2000 from the University of Minnesota and then joined the Chicago Booth faculty in 2000.
Sapra is an accomplished runner who has competed in over thirty marathons with a personal best time of 2:53:06.
PRE-WORK TO LAY THE FOUNDATION
Participants get access to a web-based, learner-driven program to help them build their financial acumen. Each module features self-tests, allowing them to tailor their learning and focus their time on the modules least familiar to them. This multi-media tool is used as a way to establish a baseline of knowledge to make the time in the classroom as productive as possible.
Analyzing Historical Performance
Forecasting Financial Performance
Overview of Firms' Internal Information Systems
Activity-based Costing and Activity-based Management Systems
Using Cost Information to Understand Profitability and Corporate Strategy
Planning, Control, and Evaluation Systems
This program provides excellent value for the time and money invested by the participants. The content is concise and relevant, the case studies are contemporary and the faculty does an excellent job reflecting on the real life examples behind all the concepts taught in the class.
- Vivek Walimbe, Senior Manager, Medtronic
As I look back at the week, I realize how much knowledge I have gained. While this course is for non-financial managers, it did give me increased confidence and macro context on issues of financial management. The faculty were outstanding and engaging. Thank you!
- Grace Hou, President, Woods Fund Chicago
This course was superb. Though I had limited financial analysis knowledge coming in, I learned an unbelievable amount in a week’s time. Most importantly, I now have a basis by which I can think critically about financial issues affecting the workplace. A bonus was the opportunity to interact with such intelligent and insightful classmates who represented such a wide range of industries.
- Timothy Van Natta, M.D., Los Angeles County Harbor – UCLA Medical Center
The structure of the course fit the bill for me. I look forward to using new skills when evaluating my firm and applying them to important decisions.
- Matthew Odum, President, Briljent, LLC
In my own way, I was sort of dreading this week. Five days talking about accounting didn’t sound fun to me, but I found that it was interesting and engaging. I now see an even bigger picture to the strategic direction of my company. These five days were incredibly valuable to me!
- Vicky Wolfe, General Manager, College Division, Herff Jones
The case studies were fascinating, practical and very informative. I'll use these models in my current role to make a better, well rounded decision in my day-to-day and yearly budget planning.
- Erik Erickson, Director Transportation Services, Union Pacific Railroad
I thought my week here was well spent. The course content was relevant and well presented. Instructors did a very good job of simplifying the financial concepts and increasing my knowledge of the language and principles discussed. I would recommend this course to anyone of financial responsibilities/ownership in their business. Thank you for a productive week!
- Erik Christensen, General Manager, Premium Wood, Armstrong World Industries, Inc.
I was delightfully surprised to find the instructors to be more of seasoned business professionals and sharp economists than dry 'bean counters' presenting mere theory. The course was worth the investment and will yield returns in my new role with my firm.
- Scott Roehr, COO, TPD, Inc.
The professors did such a phenomenal job in explaining rather difficult, and to some, “dry” subjects in a fashion that made sense and was exciting, all the while utilizing real life examples to drive the point home. This really shows their level of ultimate competence as subject matter experts.
- Mike Adloo, Senior Director, Health & Wellness, Walmart
|June 12-16, 2023||$11,500||In-Person||Register Now|
|December 4-8, 2023||$11,500||In-Person||Register Now|