Details

April 23-25, 2014
8:00 a.m. – 5:00 p.m.

$2,075

Includes tuition, course materials, parking and most meals.

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About the Program

Finance is about making investment and managerial decisions in the face of uncertainty, based on economic information gleaned from the balance sheet and income statements, macroeconomic announcements or other economics news.

Accounting & Finance for Non-Financial Managers is divided into three, one-day sections: financial accounting, managerial accounting and corporate finance. Over these three days, this course will guide you through the financial decision making process from start to finish.

Agenda

Wednesday, April 23 - Financial Accounting

  • Basic accounting principles
  • Reporting
  • Transaction Analysis
  • Elements of financial reporting
  • Financial statements
    • Income statements
    • Balance sheets
    • Statements of cash flows

Thursday, April 24 – Corporate Finance

  • How to finance a project
  • Capital budgeting and project choice: which project to undertake
  • Valuation in the presence of debt
  • Thinking and quantifying financial risk
  • What we can do to mitigate risk exposure
  • Optimal portfolio allocation: investing for retirement
  • Understanding financial statistics


Friday, April 25 – Managerial Accounting

  • Valuing a project from start to finish
  • Management accounting in different organizations
  • Cost/volume/profit analyses and decision making
  • Marginal costs and inventory management and recording


Learning Objectives

  • Reading and interpreting balance sheet and income statements
  • Synthesizing that information into financial models
  • Making decisions based on these models
  • Understanding the limits of financial modeling
  • Key aspects of managerial accounting
  • Understanding overhead allocations and the cost/profit/volume relationship

Course Faculty

Dr. Rossen Valkanov is an associate professor of finance at the Rady School. He received his Ph.D. in economics from Princeton University. In 1999, he became an assistant professor of finance at UCLA's Anderson School of Management where he remained until his appointment at UC San Diego. From 2001-2004 he served as an assistant professor of finance at the University of California, Berkeley's Haas School of Management, teaching courses for the master's program in financial engineering.

He is a member of many professional organizations including the American Finance Association, the American Economic Association, the Econometric Society and the Bachelier Society. Dr. Valkanov's main research interests are in the areas of financial econometrics, empirical asset pricing, portfolio choice and monetary economics.

David Ravetch has been a UCLA accounting faculty member for over twenty-five years. He has received numerous teaching awards as well as the California Society of Certified Public Accountants’ Faculty Merit Award.

When Mr. Ravetch first began teaching at UCLA, the school was not yet a major contender for accounting recruitment efforts. Under his direction, UCLA developed course initiatives, expanded offerings and launched an accounting minor, which was the school’s first approved minor. He was named as the director of the undergraduate accounting program by the Anderson School, where he served for seven years. Today, UCLA graduates are heavily recruited by international accounting firms.

Joe Pecore is currently a faculty member at UCSD, Rady School of Business teaching accounting and finance to undergraduates. Before becoming a full-time faculty member, he was a financial professional for approximately 25 years primarily in public Biotech and Pharmaceutical companies. He worked in a broad range of roles in Accounting and Finance including Plant Controller, Corporate Controller, Finance Director and head of Financial Planning & Analysis. Mr. Pecore holds an MBA in Finance from SDSU and a BS Industrial Engineering from Lehigh University.