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Finance for the Non-Financial Manager

In a true hands-on learning experience, participants acquire a complete “toolbox” of accounting and financial knowledge for making decisions that affect the performance of their unit and contributes to the overall profitability of the organization. This executive program offered at Penn State covers accounting basics, financial analysis and planning, strategic finance, corporate valuation, and an integrated exercise in the Smeal Trading Room. Finance for the Non-Financial Manager is designed for supervisors, general managers, and functional managers in areas such as sales, manufacturing, or engineering.

Program Objectives

Regardless of job function, if you are in a management position chances are that you are also responsible for financial policy and a budget. Through Finance for the Non-Financial Manager, you will learn how the impact of your financial decisions affects the performance of your unit and profitability of your organization. You will gain a better understanding of finance and accounting concepts for the competitive edge necessary for your organization's growth and success. You will leave this program with improved general financial knowledge and communications skills, and an in-depth understanding of the impact your decisions have outside your functional area.

Who Should Attend

This program is for managers or executives working in functional areas such as marketing, sales, manufacturing, or engineering, as well as supervisors or general managers who want to increase their financial acumen to better plan and measure their group's performance. Prior knowledge of finance is not necessary.

Program Benefits

Participants will have the opportunity to build their own "financial toolbox" with essential financial analysis tools, sources of financial data, and evaluative processes and enablers that allow for application to their specific needs. Take-aways include:

  • Understanding financial statements
  • Communicating comfortably using financial terms
  • Using financial forecasting techniques
  • Evaluating performance through financial modeling using spreadsheets
  • Understanding how to apply the time value of money and valuation approaches in making financial decisions
  • Improving organizational performance

Program Content

The intent of Finance for the Non-Financial Manager is to create unique value for you and your organization with a particular focus on:

Financial Statements and Analysis

  • Income statements, balance sheets, and statements of cash flow
  • Performing ratio analysis to gauge performance and growth

Financial Evaluation

  • Understanding key financial concepts such as margins, turnover, and growth rate measures
  • How to apply the above concepts to evaluate your firm, your competitors, and suppliers
  • Internet-based sources of information to perform financial analysis

Financial Concepts

  • Using asset pricing models to evaluate risk and return trade-offs
  • Alternative measures of performance and how to use them to evaluate investments
  • How to compute and use the cost of capital

Understanding Key Strategic Financial Management Decisions

  • Capital budgeting
  • Capital structure
  • Working capital management

Valuation Principles

  • Applying valuation principles to capital investment decisions
  • Understanding alternative approaches to valuing investments and evaluating risk
  • Evaluation methods for mergers and acquisitions

Capital Markets

  • Hands-on experience in the Rogers Family Trading Room to gain an appreciation for markets

Global Financial Models

  • Foreign exchange exposure
  • International capital budgeting

Faculty Leaders

Faculty Director

Dr. Chris Muscarella, Professor of Finance, L.W. 'Roy' and Mary Lois Clark Teaching Fellow, Smeal College of Business, Penn State

Faculty Leaders

Dr. Laura Field, Associate Professor of Finance, Smeal College of Business, Penn State

Dr. David Haushalter, Associate Professor of Finance and Academic Director of the Rogers Family Trading Room, Smeal College of Business, Penn State

Mr. Kenneth Pasch, Instructor in Accounting, Smeal College of Business, Penn State

Dr. Dennis Sheehan, The Virginia and Louis Benzak Professor of Finance, Smeal College of Business, Penn State

Fees

The program fee of $4,750 includes all instructional materials, private room accommodations, meals, and access to recreational facilities.

Reservations

Our enrollment coordinator will be happy to hold a seat for you in this program. A reservation does not commit you to the program until you submit the registration form online. Please call 814-865-3435.

Related Programs

Aligning Strategy, Leadership, and Culture: Keys to Competitive Advantage is designed for leaders charged with implementing strategy. Participants will assess forces shaping the global business environment, build organizational capability and talent to compete, and instill a culture of customer focus and innovation that drives performance.

Developing Managerial Effectiveness develops a broad organizational perspective for middle managers charged with setting and implementing business plans that look beyond the confines of the department.

Program Dates
December 08 - 12
Executive Education Center, University Park Campus
May 04 - 08, 2015
Executive Education Center, University Park Campus
Value Creations Teams

We support team participation to maximize the impact of content and drive change within your organization faster and more efficiently. Organizations that send three or more participants will receive significant savings. Teams also have access to the full resources of Penn State during and after the program.