Learn how to assess your organization's current financial health and use that knowledge to make informed decisions for the future. This advanced course includes tools for better budgeting, improving cash flow and generating higher rates of returns. Highlights include:

The meaning of financial terms and why they're important to you.
Understanding financial statements and what they really say about your organization.
Ways to determine if your organization's investments are paying off.
How to assess the potential risks and rewards of new investments.
Setting prices that attract business without busting the bottom line.
Preparing a budget that makes sense.

Objectives

To read financial statements, both the numbers and beyond the numbers, to determine what they really say about your organization.
To study real financial statements and case studies extracted from real organizations to illustrate actual use of fiscal concepts.
To learn how economic valuation differs from amounts that appear on financial statements.
To become familiar with the various types and roles of financial capital.
To analyze and understand cost behavior in both fee-for-service and capitated environments as reflected in managerial tools such as pro-forma income statements, cost-volume-profit analysis, and service/contract pricing models.
To apply your knowledge of cost behavior and cost allocation to the operating budget to better understand and enhance your managerial responsibilities in the budget process.
To study rate-of-return concepts in the context of organizational financing.
To examine the nature of cash flows, both operational and capital.
To become comfortable with the concepts of present value and net present value for management decisions about resource allocation.
To examine some nuances of managerial resource allocation decisions (aka "capital budgeting") including the concept of incremental analysis.

Faculty

Hugh Long, MBA, PhD, JD

Tulane University

Mark Covaleski, CPA, PhD

University of Wisconsin

CME

24 CME Credits (Graduate Degree Section 1 Core)

Delivery

Live Progam see below for dates and locations

Course Agenda

Day One

Financial Terminology and Statements
- Concepts and Terms
- Structure of Financial Statements
- Building Financial Statements from Operational Information
- Understanding Financial Statements through Ratio Analysis
- Capital Expenditure Planning
- Non-Financial Measures

Day Two

Analysis of Real Financial Statements
Thinking about Capitalization
- Valuing Debt and Equity
  - Book Values
  - Market Values - Reference: Pacificare Financial Statements
- The Economic Concept of the Organization and its Capital
- Required Rates of Return
- Estimating Required Rates of Return and the Capital Asset Pricing Model
- Weighted Average Required Rate of Return (WARR)
- The Cost of Capital (WACC)

Day Three

Valuation and Management Using Cash Flows
- Present Value Analysis
- Relevant Cash Flows: Capital and Operational
Managerial Accounting Techniques
- Revenue/Incentive Systems
- Costing and Pricing in Fee-for-Service and Capitated Environments
- The Operating Budget

Day Four - Morning

Resource Allocation: Incremental Present Value Analysis

Disclaimer

The faculty may exchange the order according to their teaching preference.

Live Program

Techniques of Financial Decision Making

Course Description