Accounting & Finance for Non-Financial Managers

Accounting & Finance for Non-Financial Managers will guide participants through the financial decision making process from start to finish.

Details

September 18-20, 2017
8:00 a.m. – 5:00 p.m.

$2,450

Includes tuition, course materials, parking and most meals.

This class is part of the Finance Certificate Program.

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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

Monday, September 18 - Financial Accounting

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

Tuesday, September 19 – 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


Wednesday, September 20 – 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


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

David Ravetch has been teaching undergraduate accounting for many years at UCLA. A few years ago, the California Society of Certified Public Accountants, Committee on Accounting Education awarded him their Faculty Merit Award. In the fall of 1995, under the guidance and direction of David, the Accounting Minor was the first approved minor at UCLA. David was named as the Director of the Undergraduate Accounting Program by the Anderson Graduate School of Management.

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.