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• Acquire strategies and tools for using finance to improve your decision-making and create value
• Gain an understanding of how your decisions affect your company's profitability
• Learn how to use finance language to better communicate with finance professionals in your organization

• Nonfinancial managers in functional areas such as HR, IT, marketing, sales, manufacturing or engineering
• General managers who have been promoted through these functional areas
• Prior knowledge of finance is not necessary

Our participants tell us over and over that the Michigan finance faculty team makes finance not only understandable but also fun. This five-day program includes cases, application activities, discussions, engaging lectures - plus some actual "number crunching" using a financial calculator and Excel. You will leave with the confidence and the ability to add the investors' perspective to your managerial decision-making.

Financial Statement Analysis

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

Evaluating Operating Performance

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

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

Comprehensive Cases

• Resource allocation decisions
• Performance evaluation

The program fee includes tuition, instructional materials, hotel accommodations, continental breakfast, lunch and coffee breaks each day, and selected dinners. Fee is payable in advance in US dollars and is subject to change. See our Cancellation, Transfer and Substitution Policy

Free! Participants in this program will receive a financial calculator compliments of the Ross School of Business at the University of Michigan