• Learn how to use financial analysis in decision making
• Become more effective in communicating with financial executives of your organization
• Gain a throrough understanding of the impact of your decions on financial statements
• Learn how to evaluate operating performance and make value-creating decisions

Program Overview

This program teaches finance fundamentals to managers of non-financial areas who do not have formal training in finance.
This program enables managers to

• Communicate with the treasurer or controller of their company or division
• Better understand the impact of business decisions on the firm's profitability
• Enhance your ability to use financial analysis in your decision making
• Develop guidelines to measure success in financial terms

Who Should Attend Finance for the Nonfinancial Manager-Hong Kong

The Finance for the Nonfinancial Manager program is recommended for nonfinancial managers in functional areas other than finance (such as marketing, sales, manufacturing, or engineering), as well as the general manager who has been promoted through these functional areas. Prior knowledge of finance is not necessary.

The Finance for the Nonfinancial Manager program helps participants improve communication with finance executive in their firms, better understand the impact of financial decisions on the firm's profitability, and enhances their ability to use financial analysis in decision making.

• Communicate more effectively with financial executives in your organization
• Better understand how economic coutcomes of business decisions are reflected in your organization's financial reports
• Improve your "financial" vocabulary so that you are better able to read and interpret financial statements
• Better understand the competitive environment faced by the firm
• Develop guidelines to measure success in financial terms
• Enhance your ability to use financial analysis in your decision making
• Prepare budgets that are an accurate reflection of your area's financial success
• Utilize forecasting techniquest and learn how to determine their accurace

The benefit of this program can be reflected in this commenct from a recent participant:

"...not just focused on theories, but with practical exercises in real life situation."

Financial Statement Analysis

• Income statement, balance sheet, and cash flow statement
• Market value vs. book value
• Accounting income vs. economic income

Evaluating Operating Performance

• Ratio analysis: profitability, efficiency, liquidity, and leverage ratios

Estimating Funding Needs

• Creating proforma financial statements

Valuation Tools

• Time value of money
• Valuing cash flow streams
• Using a financial calculator and spreadsheets

Resource Allocation: Decision Criteria

• Net present value
• Internal rate of return
• Economic value added

Resource Allocation: Estimating Cash Flows

• Incremental cash flow concepts
• Treatment of opportunity costs and sunk costs
• Treatment of inflation
• Cash flow drivers

Sources and Cost of Capital

• Risk--the concept of beta
• Costs of debt and equity capital
• The weighted average cost of capital

Multinational Finance

• Factors affecting exchange rates
• Relation between exchange rates, interest rates, and inflation
• Resource allocation in a multinational context

Comprehensive Cases

• Resource allocation decisions
• Performance evaluation

The program fee includes tuition, books, instructional materials, and coffee breaks. Fee is payable in advance in US dollars and is subject to change. See our Cancellation, Transfer and Substitution Policy

Asia Pacific Regional Office
Suite 1606-07
MassMutual Tower
38 Gloucester Road, Wanchai, Hong Kong
Tel: 852.2509.9088
Fax: 852.2509.9228
Email: Executive Education, Hong Kong