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WHO SHOULD ATTEND Finance and Accounting for the Nonfinancial Executive is ideal for executives with little to no academic training in finance or accounting. It’s specifically designed for: Mid- to senior-level executives in general management, corporate planning, marketing and sales, or other functional areas—from any size company, any industry, and any country Anyone in a top level position who doesn’t feel comfortable with the ability to understand financial statements, financial information, and making financially based decisions SAMPLE DAILY SCHEDULE Breakfast Full breakfast at Schwab Residential Center Morning Session I Strategic Leadership in Dynamic Environments Morning Session II Financing and Valuing Growth Morning Session III Creating and Delivering Value to Customers Lunch Buffet lunch with optional patio dining Afternoon Session Transitioning from Founder to External CEO Late Afternoon Individual study Dinner Cocktail reception followed by dinner Evening Study group discussions Finance and Accounting for the Nonfinancial Executive Dates: November 15 – 20, 2015 Application Deadline October 16, 2015 Tuition: $11,000 USD Price subject to change. Program tuition includes private accommodations, all meals, and course materials OVERVIEW Balance sheets and income statements. Cash flow and financial management. Many executives rise to positions of great responsibility with less knowledge of finance and accounting than they’d like to have. Finance and Accounting for the Nonfinancial Executive will demystify the data, clarify key concepts, and teach you important frameworks and fundamentals. This highly focused curriculum taught by world-class faculty from Stanford Graduate School of Business will help you identify trends, make performance comparisons with competitors, and practice financial forecasting. You’ll explore how much debt a company should accept, the appropriate analysis for better investment decisions, the measurement of the cost of capital, and the payment of cash dividends to investors. Bottom line, you’ll learn how to make better financial management decisions to increase the value of your company in the marketplace. KEY BENEFITS Finance and Accounting for the Nonfinancial Executive will help you: Become a well-informed, strategic user of accounting and financial data Understand the core concepts, terms, and techniques of finance and accounting Utilize financial concepts to make more informed decisions and become a greater asset to your company Engage more effectively with the financial stakeholders in your company Communicate with the key sources of finance—banks, other lenders, and investors Gain a broad overview of the financial marketplace and the role a company plays within it PROGRAM HIGHLIGHTS CONSTRUCTION OF FINANCIAL STATEMENTS Study the mapping between underlying economic events and financial statements, and how this mapping affects inferences about future profitability and cash flows. In particular, you will examine the construction of financial statements from transaction information and recognize the importance of judgment in accounting and its potential effect on financial statements. DECISION MAKING Understand how to gather and use accounting and cash-flow information to make short-term and long-term managerial decisions and recognize the critical role played by taxes in capital budgeting situations. CAPITAL STRUCTURE: THE CHOICE BETWEEN DEBT AND EQUITY Identify the factors that must be considered in determining a firm’s optimal capital structure and learn how the market reacts to changes in that structure. gsb.stanford.edu/exed/fanfe EXECUTIVE EDUCATION / FINANCIAL MANAGEMENT

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  • WHO SHOULD ATTEND

    Finance and Accounting for the Nonfinancial Executive is ideal for executives with little to no academic training in finance or accounting. Its specifically designed for:

    Mid- to senior-level executives in general management, corporate planning, marketing and sales, or other functional areasfrom any size company, any industry, and any country

    Anyone in a top level position who doesnt feel comfortable with the ability to understand financial statements, financial information, and making financially based decisions

    SAMPLE DAILY SCHEDULE

    Breakfast Full breakfast at Schwab Residential Center

    Morning Session I Strategic Leadership in Dynamic Environments

    Morning Session II Financing and Valuing Growth

    Morning Session III Creating and Delivering Value to Customers

    Lunch Buffet lunch with optional patio dining

    Afternoon Session Transitioning from Founder to External CEO

    Late Afternoon Individual study

    Dinner Cocktail reception followed by dinner

    Evening Study group discussions

    Finance and Accounting for the Nonfinancial ExecutiveDates: November 15 20, 2015Application Deadline October 16, 2015

    Tuition: $11,000 USD

    Price subject to change. Program tuition includes private accommodations, all meals, and course materials

    OVERVIEW

    Balance sheets and income statements. Cash flow and financial management. Many executives rise to positions of great responsibility with less knowledge of finance and accounting than theyd like to have. Finance and Accounting for the Nonfinancial Executive will demystify the data, clarify key concepts, and teach you important frameworks and fundamentals.

    This highly focused curriculum taught by world-class faculty from Stanford Graduate School of Business will help you identify trends, make performance comparisons with competitors, and practice financial forecasting. Youll explore how much debt a company should accept, the appropriate analysis for better investment decisions, the measurement of the cost of capital, and the payment of cash dividends to investors. Bottom line, youll learn how to make better financial management decisions to increase the value of your company in the marketplace.

    KEY BENEFITS

    Finance and Accounting for the Nonfinancial Executive will help you:

    Become a well-informed, strategic user of accounting and financial data

    Understand the core concepts, terms, and techniques of finance and accounting

    Utilize financial concepts to make more informed decisions and become a greater asset to your company

    Engage more effectively with the financial stakeholders in your company

    Communicate with the key sources of financebanks, other lenders, and investors

    Gain a broad overview of the financial marketplace and the role a company plays within it

    PROGRAM HIGHLIGHTS

    CONSTRUCTION OF FINANCIAL STATEMENTS

    Study the mapping between underlying economic events and financial statements, and how this mapping affects inferences about future profitability and cash flows. In particular, you will examine the construction of financial statements from transaction information and recognize the importance of judgment in accounting and its potential effect on financial statements.

    DECISION MAKING

    Understand how to gather and use accounting and cash-flow information to make short-term and long-term managerial decisions and recognize the critical role played by taxes in capital budgeting situations.

    CAPITAL STRUCTURE: THE CHOICE BETWEEN DEBT AND EQUITY

    Identify the factors that must be considered in determining a firms optimal capital structure and learn how the market reacts to changes in that structure.

    gsb.stanford.edu/exed/fanfe EXECUTIVE EDUCATION / FINANCIAL MANAGEMENT

  • FACULTY DIRECTORS

    George G. C. Parker, the Dean Witter Distinguished Professor of Finance, Emeritus, and Faculty Director of the Stanford Master of Science in Management for Experienced Leaders program, is a recognized expert in financial services and is acclaimed for his spirited teaching of both MBA students and executives. He is the author of Risk Management: Problems and Solutions (Mcgraw-Hill College, 1995).

    Madhav V. Rajan, the Senior Associate Dean for Academic Affairs at Stanford Graduate School of Business, oversees the MBA and MSx programs. He is the Robert K. Jaedicke Professor of Accounting and also Professor of Law (by courtesy) at Stanford Law School. Rajan specializes in the economics-based analysis of management accounting issues. He is coauthor of Cost Accounting: A Managerial Emphasis (Upper Saddle River: Pearson Prentice Hall, 2014), the leading text in the field.

    OTHER STANFORD GRADUATE SCHOOL OF BUSINESS FACULTYDirk JenterAssociate Professor of Finance

    Ron KasznikPaul L. and Phyllis Wattis Professor of Management

    Maureen McNicholsMarriner S. Eccles Professor of Public and Private Management; Professor of Law (by courtesy), Stanford Law School

    As an HR executive for a public company, financial acumen is

    becoming increasingly more critical to the job. In one week,

    the FANFE program demystified the world of finance and

    accounting for me and I feel much more confident in my

    abilities to analyze financial information.

    Kelley Steven-Waiss | Vice President, Worldwide Human Resources | PMC-Sierra, Inc. | FANFE 2009

    EXPERIENCE THE STANFORD DIFFERENCE

    Stanford Graduate School of Business Executive Education programs offer executives from around the globe an extraordinary opportunity to immerse themselves in an intensive, collaborative learning environment where the focus is continually on the future. Taught by Stanfords world-renowned faculty and supplemented by guest speakers, participants acquire the knowledge, vision, and skill to bring innovative leadership to their organizations while advancing their personal and professional growth.

    TYPICAL PARTICIPANT MIX

    Management Function10% Corporate Development47% General Management10% Human Resources3% Information Technology17% Research/Development13% Sales/Marketing

    Industry10% Agriculture/Food/Beverages7% Biotechnology19% Computer/Electronics/Software7% Construction/Engineering/Materials3% Environmental Services14% Financial Services/Insurance10% Manufacturing10% Mining/Metal Processing/

    Petroleum/Oil/Gas3% Pharmaceuticals/Medical Devices17% Telecommunications/Information

    Services

    Region7% Asia3% Australia/New Zealand3% Europe84% North America3% South America

    TAKE THE NEXT STEP

    For more information, or to apply to Finance and Accounting for the Nonfinancial Executive, please visit gsb.stanford.edu/exed/fanfe.

    FANFE was amazing. I now view Finance and Accounting from a completely different angle.

    The program was inspiring and will definitely change the way I think about finance. George

    Parker is very passionate and the team was just great. I would strongly recommend

    anyone to attend this program.

    Sylvain Theveniaud | Director of Strategy & Marketing | SEKOYA Technologies | FANFE 2013

    gsb.stanford.edu/exed/fanfe