Finance for the Technical Executive Course
Accounting, Finance and Budgeting Training
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Finance for the Technical Executive Course
Introduction:
Finance for the Technical Executive training course is designed to provide senior technical managers with the financial concepts, strategies, and tools needed to deal more effectively with corporate financial management so they can better manage resources, persuade corporate financial officers to fund projects, and address senior management’s concerns about risk. From basic concepts in accounting and financial decision-making to dynamic case studies about managing uncertainty, you will learn about accounting frameworks and how to apply real financial tools to real-world situations.
The course covers fundamental financial principles for project evaluation, funding, and resource allocation, and demonstrates how to work more effectively with financial decision-makers, applying the principles of finance to short-term and long-range goals.
You will gain an understanding of how finance is inextricably linked to business and operations and is a necessary skill for promoting your own projects. The course also considers global markets and uncertainties, helping you identify where your organization may have a competitive edge.
Course Objectives:
At the end of this Technical Executive Training Course you will be able to:
- Understand how funding decisions are made and how they can influence those decisions by applying financial principles to project evaluation and resource allocation
- Learn how to assess projects for their potential economic value
- Conduct discounted cash flow (DCF) valuations
Who Should Attend?
Finance for the Technical Executive training course is ideal for :
- Executives who manage project teams and departments
- Technical professionals involved with R&D, product and software design, engineering, and other scientific and technical work.
- CIOs, chief technologists, head scientists
- R&D and product development directors
- Engineering and manufacturing vice presidents
- Corporate strategists
- Project managers
- Systems information managers
Course Outlines:
Introduction to Corporate Finance
- Basic concepts of finance
- Review of accounting basics
- Financial statement analysis and forecasting
Introduction to Project Valuation
- Fundamental principles of finance
- Discounted cash flows (DCF)
- Arbitrage and market efficiency
- Present value and asset valuation
- Project valuation, free cash flows
- Estimation of free cash flows with accounting data
- Molycorp mini-case: project valuation and sensitivity analysis
Project Financing
- Projecting future funding needs
- The concept of sustainable growth; the tension between product-market strategy and financial policies.
Capital Budgeting and Management
- Alternative capital budgeting rules: IRR, payback, multiples
- DCF versus the alternatives: pros and cons
Project Financing in an Uncertain World
- Incorporating uncertainty: real options
- Sensitivity and scenario analysis
- Investment staging and management
- Wrap-up and adjournment