FINANCE FOR NON-FINANCIAL MANAGERS

Transcription

1 FINANCE FOR NON-FINANCIAL MANAGERS

2 WORKSHOP: FINANCE FOR NON-FINANCIAL MANAGERS (HEALTHCARE COHORT) PROGRAM OVERVIEW This program has a dual purpose first to educate and provide insight into key financial concepts for local professionals. Second, all profits generated from this program will be used for scholarships, financing research seminars and program support within the Department of Finance at UTSA. Developing financial acumen is essential in today s competitive marketplace. Professionals looking to advance into executive roles need to develop fundamental knowledge of financial concepts and techniques to continue to advance in their organizations. Designed to fit the schedule of working professionals, our finance workshop for non-financial managers will help participates develop their financial knowledge and expertise as they look to advance their careers. Taught by leading-edge research faculty and awarding winning educators, participants in this session will: Gain insight into the latest financial management trends and techniques Develop a working knowledge of financial concepts and learn how to relate them to their own profession Network with a diverse group of academic experts and business professionals Learn from faculty with real-world business experience in finance UTSA Continuing Education Units (CEUs) are available for completing this workshop. ELIGIBILITY SCHEDULE LOCATION COST This executive course is open to professionals seeking to enhance their finance competency to advance their careers including but not limited to: Managers and analysts in finance, sales or marketing Mid- and senior-level executives looking to develop their finance and accounting knowledge for advancement into executive management Healthcare professionals Entrepreneurs looking to develop the financial acumen to successfully lead a business venture Early-stage professionals looking to move into financial roles Friday, May 24 and Saturday, May 25, 2019 from 8 a.m. to 5 p.m., College of Business, Business Building (BB) Main Campus, One UTSA Circle, San Antonio, TX $1,750 Includes tuition, course materials (printed and online), parking at UTSA, meals and refreshments We offer a discounted rate to support and make training accessible to not-for-profit organizations and small businesses. A 10% discount is also available for organizations registering three or more participants, please contact karan.bhanot@utsa.edu for more information. REGISTRATION

3 WORKSHOP CURRICULUM DAY 1 DAY 2 BREAKFAST Program Overview Introduction to the First Principles of Valuation Financial Markets and Securities II: Market Efficiency Cost of Capital What Creates Value? Financial Statement Analysis I Financial Leverage and Capital Structure Policy LUNCH Financial Statement Analysis II Capital Budgeting and Managing a Business Financial Markets and Securities I: Risk and Return Session Wrap-Up Audio and video recordings of each class and hand-outs will be posted online Workshop credit cannot be applied to any graduate program

4 CORE CLASS DESCRIPTIONS Day 1 INTRODUCTION TO THE FIRST PRINCIPLES OF VALUATION Consider the questions why do we study finance and what are the most important questions in finance. Participants will discuss the first analysis of the time value of money (discounting and compounding single cash flows, annuities, and perpetuities), computing investment returns, discounted cash flow valuation, and net present value (NPV). FINANCIAL STATEMENT ANALYSIS - I Participants will develop their ability to analyze financial statements. Topics include an overview of the accrual accounting process, the nature of specific assets and liabilities, taxes and the definition of operating cash flows. FINANCIAL STATEMENT ANALYSIS - II Discuss the sources and uses of cash flow statements, standardized financial statements, introduction to ratio analysis, and using financial statement information. RISK, RETURN, AND PORTFOLIO THEORY During this session, participants will focus on understanding risk and return in capital markets. Topics include the portfolio risk and return measures, diversification, portfolio theory, and asset pricing models. Day 2 MARKET EFFICIENCY, ANOMALIES, TRADING SECURITIES IN THE SECONDARY MARKETS This session focuses on empirical evidence from securities markets on market efficiency and its implication for investors in portfolio management. Participants will discuss the trading problems of institutional traders (i.e., immediacy, price pressure, adverse selection risk, predatory trading, etc.) and how traditional markets solved the problem using specialists and floor brokers. This session will also explore algorithmic trading including how algorithms solve the trading problem, how algorithms dominate trading, and the impact of algorithms on trading volume, volatility, spreads, trading costs and market fragility. COST OF CAPITAL Participants will discuss the sources and uses of cash flow statements, standardized financial statements, introduction to ratio analysis, and using financial statement information. WHAT CREATES VALUE? This session will provide an introduction to equity valuation methods, including the dividend growth model, the discounted cash flow model, and the valuation by multiples. FINANCIAL LEVERAGE AND CAPITAL STRUCTURE POLICY This session will discuss the capital structure question, the impact of taxes and bankruptcy costs on capital structure choice, making the theory work in the real world. CAPITAL BUDGETING AND MANAGING A BUSINESS Participants will examine the criteria used in making investment decisions. Learn how to evaluate projects and investment proposals. Investments of capital are important decisions made in organizations, and this session will critically examine how to make investments that increase shareholder value. Participants should bring a calculator or laptop to this session to work on several investment examples.

5 FEATURED FACULTY KEITH FAIRCHILD, Ph.D., Associate Professor of Finance Dr. Keith Fairchild is an associate professor of finance at The University of Texas at San Antonio, where he has taught since He served as department chair in finance from Dr. Fairchild has advised and worked with start-up companies and venture capital firms. He has advised firms on private equity investments, mergers and acquisitions, and turnarounds for over three decades. Dr. Fairchild has also worked as a consultant on corporate valuation projects and as a team member for fund-raising. MICHAEL NAQUIN, Lecturer in Finance Michael Naquin is an instructor for the Executive Programs at UTSA and is a managing member of Eight Street Advisors. He has over 34 years of broad, diversified, hands-on financial services, consulting and training and development experience in multiple states and in multiple roles. Previously, he served as the CEO for a division of JP Morgan Chase and as an Executive VP at Iberia Bank. KARAN BHANOT, Ph.D., Department Chair and Professor of Finance Professor Bhanot has taught at the Stern School of Business at New York University, University of Wisconsin at Madison and the University of Iowa, Iowa City. He has also worked as a fixed income trader and manager at Standard Chartered Bank (formerly ANZ) in Bombay. Dr. Bhanot s research focuses on asset pricing and financial markets.