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From financial statement to diagnosis
Assess a company's financial health and performance through statement analysis and ratios, and distinguish profitability from cash flow.
Diploma in Principles of Managerial Finance
Every managerial decision ends up being financial
Approving or rejecting a project, taking on debt, pricing a service: they're all capital decisions. Forty hours to calculate the cost of that capital and back up the recommendation with numbers, not intuition.
No prerequisites beyond a high school diploma. You don't need to be an accountant.
Diploma from a U.S. university
Highly qualified faculty
Personalized classes
International network
The diploma
Principles of Managerial Finance
An overview of financial management: the relationship between the cost of capital and returns, risk analysis, and capital budgeting.
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WACC, calculated by hand
Calculate the weighted average cost of capital and understand which capital structure actually suits the company.
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Project feasibility
Net present value, IRR, scenario analysis and sensitivity analysis applied to real investment decisions.
Syllabus
Four weeks, four stages
An overview of financial management: the relationship between the cost of capital and returns, risk analysis, and capital budgeting.
01Week 1
Fundamentals and cash flow
What financial management is and how it relates to economics and accounting. Legal forms of business organization, and why maximizing firm value is a legitimate goal.
Operating cash flowFree cash flowStrategic financial planningOperating plans
02Week 2
Time value of money
The role of time in finance: future value and present value, how to calculate them, and the relationship between the two. Fundamentals of interest rates, term structure and risk premiums.
Present and future valueTerm structure of ratesCorporate bondsInternational issuances
03Week 3
Leverage and capital structure
Operating, financial and total leverage. Break-even point and the effect of changing costs on it. Optimal capital structure through the firm's cost-of-capital functions.
Operating break-even pointOptimal capital structureZero-growth modelRisk and return
04Week 4
Capital markets and taxes
The structure and workings of capital markets: asset pricing discounted for risk, optimal portfolio selection, and the impact of taxes on corporate financing.
Portfolio selectionInternational corporate financeOption valuationMergers
Profile
Who it's for
Professionals, entrepreneurs and business owners working in treasury and accounting, and anyone who wants to implement financial-area procedures in their organization.
- Assess a company's financial health and performance through financial statements and ratios.
- Distinguish between profitability and asset cash flow to determine a company's value.
- Understand the impact of working capital on operations.
- Prepare a cash flow statement to estimate a company's needs.
- Calculate the weighted average cost of capital (WACC).
- Assess the feasibility of capital projects using NPV, IRR, scenarios and sensitivity.
The Graduate Program in Strategic Marketing is a parallel specialization, not a step on this path. It goes deeper into marketing without counting credits toward the MBA.
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