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Home > Executive Education > Non-Credit-Bearing Programs > Accounting and Finance Certificate Program
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Date |
Fall 2013 Dates TBD |
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Time |
6 - 9 p.m. |
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Location |
TBD |
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Cost |
$795.00 per participant (includes cost of course materials) Payment can be made: Credit card, Visa, MasterCard, American Express and Discover
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Registration |
Online or 716-645-3200 |
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CPE |
21 CPE credits are earned for full participation in this program, under license number 001414. |
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Instructor |
This non-credit program is designed for those managers who do not have a background in finance or accounting, but whose career path has led them to a position where there is a need to understand the fundamentals of both finance and accounting.
Using lectures and in-class exercises, the first group of sessions will develop the fundamentals of the basics of "Generally Accepted Accounting Principles" (GAAP) and learn how theses principles are used to develop both the Balance Sheet and the Income Statement (also known as the Profit and Loss statement). Participants will learn how to use accounting information to perform ratio analysis, thereby gaining an ability to better understand the operations of both their companies and their competitors. Additionally, participants will learn how to estimate a company's future funding needs, both through forecasting accounting statements and cash budgeting.
The second group of sessions will focus on finance. Here, we will first develop an understanding of two basic principles of finance, the time value of money and the importance of cash flows. Next, we will apply these concepts to the problem of project evaluation, and will discuss the techniques of Net Present value (NPV), Internal Rate of Return (IRR), and Payback. Throughout, extensive class exercises will be used to ensure that participants understand and know how to apply these concepts in real-life situations. By the end, participants will understand how organizations decide what projects are worthwhile investments and which are not.
Finally, we will briefly cover sources of funding, that is, we will cover the key characteristics of debt (bonds) and equity (common stock), including their costs, as well as the concept of a company's Weighted Average Cost of Capital (WACC). Commercial bank loans will also be discussed.
Pre-requisite:N/A
CPE Credit: 18 CPE - Advisory Services