Income statement, balance sheet, cash flow, ratio, variable, EVA, LIFO, FIFO — for many executives, the terms of accounting and finance seem like a foreign language. What do these terms mean and how do they relate to your role in your organization? How do your decisions affect your organization’s profitability? Most important, how can you utilize these concepts to become a greater asset to your company?
Finance and Accounting for the Nonfinancial Executive has been carefully crafted by leading faculty to eliminate the mystery behind the numbers and to help executives become informed and strategic users of accounting and financial data. The course covers the core concepts of both finance and accounting, including terminology and assumptions, valuation, financial statements, and distinguishing income from cash flow. The curriculum examines specific accounting methods and demonstrates how these choices affect earnings. Participants learn how to analyze financial reports, identify trends, and study competitors.
Key takeaways :
- Frameworks and tools for understanding the concepts, terms, and techniques of accounting and finance
- Broad overview of the emerging global marketplace and the role your company plays within it
- Insight from leading faculty and financial and accounting experts who can translate complex theory into practical, understandable terms
Classes are held in the Stanford University campus Business School classrooms especially designed to facilitate discussion among participants.
This program is developed for mid-to-senior level executives in general management, corporate planning, marketing and sales, or other functional areas who have little or no academic training in finance or accounting. Appropriate for executives from organizations of any size or industry.