Finance for Non-Finance Professionals Part 1 (3days)
The purpose of the program is to understand topics from corporate finance by using real-life examples, to be able to assess historical and current financial results of a business, its ability to generate cash flow and adequate return to investors. The program is focused on enabling non-financial managers to better understand the drivers of their (or any) company’s economics. Finally, this is an opportunity to exchange mutual practical experiences, clarify frequently encountered financial terms and phrases often heard but never completely understood, and finally to learn tricks and tips not written in conventional academic literature.
Dr. Andrej Grubisic is a Professor of Finance at the Luxembourg School of Business. In 2010 he started a corporate finance firm: Grubisic & Partners Corporate Finance focusing on mergers and acquisitions, capital raising, valuations and due diligence.
Who should attend?
Any professional who wishes to gain skills necessary to understand how businesses operate and how financial information is presented, analyzed and interpreted. This course is suitable for managers, directors, lawyers, and professionals of all levels, across any industry, who are expected to make business decisions with direct financial impact to their business’ bottom line or to get a better understanding of their clients’ businesses.
In the previous editions of our Finance for Non-Finance for Professionals, we welcomed participants from companies such as Cargolux, Encevos, Six Payment Services, SWN, Edison Capital Partners, etc. Participants were from a variety of position such as Head of IT, Sales Manager, Director Fleet Planning, Marketing Director, Project Management Office Director, etc.
The intention is to gain new, or ascertain and refresh existing, knowledge of fundamentals of corporate financial analysis.
Attendees upon program completion should be able to:
- Understand how income statement and balance sheet are created and what they do (and don’t) tell about company’s business
- Differentiate between investments in long-term tangible and intangible assets (CAPEX) vs investments in net working capital
- Calculate and interpret operating, investing financing and free cash flow
- Calculate and interpret various indicators of company’s liquidity, activity, leverage i.e. indebtedness, coverage, and profitability.
- Learn what they show and what’s still hidden, what are pitfalls of incorrect interpretation or wrong calculation, and how to put each indicator into relevant context including suggested adjustments to accounting treatment of certain items in order to bring them closer to economic reality
- Comprehend how different combinations of profit margin, asset turnover and financing structure influence return on equity (are high margins good and low margins bad, is plenty of equity financing good and little of it bad?)