March 16-18, 2020
8:00am - 5:00pm each day.
This is a certificate program.
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 the Non-Financial Manager 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.
(subject to change)
Monday - Financial Accounting (Mr. David Ravetch)
- Basic accounting principles
- Transaction Analysis
- Elements of financial reporting
- Financial statements
- Income statements
- Balance sheets
- Statements of cash flows
Tuesday – Managerial Accounting (Mr. David Ravetch)
- 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 – Corporate Finance (Dr. Ross Valkanov)
- 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
- 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
David Ravetch has been a UCLA faculty member for over thirty years. He has won numerous teaching awards. He has been named Favorite Accounting Instructor, as voted by the accounting students, as well as, Most Recommended Instructor, as voted by students campus wide. In the spring of 1995, the California Society of Certified Public Accountants, Committee on Accounting Education awarded him their 1995 Faculty Merit Award, which recognizes excellence in teaching.
When David Ravetch first began teaching at UCLA, the current Undergraduate Accounting program was in its infancy stages and UCLA was not yet a major contender for recruitment efforts by the International Accounting Firms. In the fall of 1995, under his guidance and direction, the Accounting Minor was the first approved minor under UCLA. David Ravetch was named as the Director of the Undergraduate Accounting Program by the Anderson School. He has served as the Director of the Undergraduate Accounting Program for fifteen years.
Dr. Rossen Valkanov is the Zable Endowed Chair in Management and Professor of Finance at the Rady School of Management, and inaugural Co-Director of the new Master’s in Finance program. He received his Ph.D. in economics from Princeton University (1999) and graduated summa cum laude from the University of California, Irvine with a BA in economics (1995). His main research interests are in the areas of empirical finance, financial econometrics, financial forecasting, risk management, portfolio allocation, and real estate. Professor Valkanov has authored numerous articles and book chapters. His research has been published in some of the most prestigious peer-reviewed journals such as the Journal of Finance, Journal of Financial Economics, and Review of Financial Studies. Empirical methods and big data applications based on his research—such as Mixed Data Sampling Regressions (MIDAS), parametric portfolio approaches, and forecasting procedures--have received significant interest from the finance industry practitioners. He is currently Editor of the Journal of Empirical Finance.
Professor Valkanov has taught at UCLA, UC Berkeley, Princeton, and various other institutions in the US and abroad. He is an award winning educator and teaches regularly in the Masters of Finance, Full-Time MBA, Flex MBA, Evening MBA, and Executive MBA programs at UCSD. He is a member of many professional organizations, including the American Finance Association, the American Economic Association, the Econometric Society, and the American Real Estate and Urban Economics Association.
*The Rady School of Management Center for Executive Development (CED) may change, postpone or cancel a class at any time. We do not provide refunds for any fees related to travel, including but not limited to gas, bus fare, train tickets, airline tickets, etc. Certificate requirements may also change. We will provide as much notice as possible should this occur.