Faculty Director of the Columbia Management Institute
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Finance and Accounting for the Nonfinancial Executive
Click on dates below to apply:
Location: Columbia University Campus, New York City
Includes materials and some meals.
In today's rapidly changing economy, every executive needs to be able to master the language of finance and accounting, know what questions to ask and evaluate the financial implications of any business decision.
Finance and Accounting for the Nonfinancial Executive provides executives with limited financial background the opportunity to gain a practical understanding of financial concepts and become more discerning of possible problems. As part of the program, faculty coaches guide participants through the program's signature Corporate Financial Analysis, a hands-on detailed financial analysis of their own company or a company of their choosing to optimize their understanding of what the financials really mean for their businesses.
In five days of hands-on, interactive sessions, Finance and Accounting for the Nonfinancial Executive provides you with a unique opportunity to deepen your expertise of finance and accounting for better management and decision-making capabilities.
The program features sessions on the role of accounting, key concepts of managerial and financial accounting, ratio calculation, and analysis of your company and shareholder value management.
A hallmark of this program that is unmatched in other Executive Education programs is the Corporate Financial Analysis, a hands-on detailed financial analysis of your company, or a company of your choosing with the help of faculty coaches. The analysis results in a customized financial profile that summarizes how the specific business is doing. Faculty coaches help you read this profile on different levels, discuss the importance of each number for your business and be able to tell how your business is doing based on the figures, assessing strengths and areas for improvements.
At the end of the program, you will have mastered key finance and accounting concepts and understand the relationships among profitability, cash flow, liquidity and growth, and identify the red flags in financial statements -- highly important in the current volatile financial context.
For a complete program schedule download the agenda.
Please Contact Us
Please contact our Learning Solutions Specialists at 212-854-3395 for a personal conversation to learn more.
Finance and Accounting for the Nonfinancial Executive is designed for midlevel to senior-level executives with five or more years of experience in corporate or divisional roles who seek a deeper understanding of finance and accounting.
The program is well suited for those in creative or technical fields and can also serve as a refresher for executives with some knowledge of finance and accounting.
Alumni of Columbia Business School and Columbia University are eligible for alumni tuition benefits for themselves and up to four of their colleagues on select programs. More on the Alumni Tuition Benefit.
Hear from Past Participants:
"Great initial insight that I can take away and build on. As an owner/operator I have great tools through Columbia to improve very quickly within my own business."
—Dean Blanchard, Vice President of Operations, HealthCare Pharmacy
"Great background in providing fundamental concepts in accounting and finance. Not just theoretical but useful in my everyday work."
—Margherita Bruni, Manager, Business Intelligence Services, AARP
Finance and Accounting for the Nonfinancial Executive blends broad financial principles with practical applications.
How You Will Benefit in the Current Context
"People are asking, 'What is the impact of Wall Street on Main Street?' In this program, we help participants develop a practical, concrete understanding of this impact."
– Sudhakar Balachandran, faculty director
Participants report appreciating the thoroughness of the program: rigorous, but rewarding. The personal attention participants receive from faculty brings concepts into clearer focus more readily and helps participants quickly gain confidence in their new finance and accounting skills.
Summary of Benefits
Upon completion of this program, you will earn 5 days towards a Certificate in Business Excellence. Learn more.
Each day of the program includes hands-on workshops, discussions, and case studies to illustrate key accounting and finance principles.
Articulating Principles of Accounting Building Blocks
Applying Accounting Principles
Using Accounting Information to Make Better Decisions
Understanding How to Analyze a Business
Hands-On Application: Corporate Financial Analysis: Apply the ratio framework to analyze your own company or a company of your choosing with guidance from faculty coaches. You also will discuss the analysis in small groups.
Hands-On Application: Corporate Financial Analysis: Continue applying the ratio framework to analyze a company of your choosing and discuss the analysis in small groups
Determining What Makes a Business Valuable
Linking Business Actions to Creating Value
Real-World Experience in Real Time
For a complete program schedule download the agenda.
Corporate Financial Analysis: A unique element of the program is the Corporate Financial Analysis: a customized financial analysis of your own company or company of your choosing. A Columbia Business School faculty member studies the company, then coaches you and a small group of participants in similar industries and companies through the process of analyzing the firm. For the Corporate Financial Analysis, you may use your own company's annual report, or the annual report of a competitor or a supplier—it is up to you. Not only do participants receive personal attention on their specific situations, but they also feel that this is where many of the concepts that they've studied come together because they are learning by doing.
Field Experience in New York City: As a unique part of each program, participants meet and interact with professionals working in the financial industry. Together, participants and finance experts examine effective financial strategies relevant to their business. Pertinent real-world examples of finance and accounting techniques are presented and discussed as they are being implemented in the field every day.
Last year, Tracey Travis, senior vice president of finance and chief financial officer of Polo Ralph Lauren, and Robert Herz, the former chairman of the Financial Accounting Standards Board, provided real-world insights for participants. Davis focused on how she uses principles of sound financial management to help the business achieve its strategic goals. Herz discussed the challenges that our economy is facing in terms of financial and environmental sustainability and how we should expect both financial reporting and other corporate reporting to change and evolve given these major economic trends.
Previous guests have included Mark Gallogly, the co-founder of Centerbridge, and John Martin, the chief financial officer of Time Warner.