FINANCIAL ANALYSIS

FOR NONFINANCIAL
MANAGERS (FANM)

Gain a practical understanding of how to interpret and use internal and

PROGRAM DETAILS external financial reports to make informed business decisions. Once you
DATES know how to translate this financial information, you’ll be able to apply it
June 15–19, 2020
to your business immediately.
December 14–18, 2020
WHO SHOULD ATTEND?
The program begins at 8:30 a.m. Monday This program is useful for mid- to senior-level executives without formal training in
and ends at noon Friday. finance and accounting. This course also attracts consultants, small business owners,
scientists, engineers, healthcare professionals, and those who want to increase their
FEE financial acumen to make better business decisions. Professional titles include:
$10,950 C-suite, vice president, president, owner, general manager, director, and chief
Fee includes tuition, continental breakfasts, counsel.
lunches, coffee breaks, and educational
materials.
PROGRAM BENEFITS
LOCATION By attending this program, you will:
Gleacher Center • Read, understand, analyze, and interpret internal and external financial reports for
450 N. Cityfront Plaza Drive the purpose of using this information to make better business decisions.
Chicago, IL 60611 • Understand accounting rules and principles and gain an appreciation for the effect
For hotel accommodations and more of US GAAP and IFRS accounting methods on the reported financial results.
logistics, visit ChicagoBooth.edu/ExecEdFAQ • Enhance your ability to forecast financial performance and better manage your
financial resources.
FACULTY
• Use the concept of the time value of money and decision metrics such as net
Philip G. Berger present value (NPV), internal rate of return (IRR), and payback to make
Wallman Family Professor of Accounting, investment decisions.
Chicago Booth
• Increase your effectiveness in strategic planning and decision-making.
Hans B. Christensen
Professor of Accounting and David G. Booth IDEAS COMPETE, PEOPLE COLLABORATE
Faculty Fellow, Chicago Booth Consistently ranked among the top programs in the world, Executive Education
Haresh Sapra at Chicago Booth is where intellectual rigor, engaging teaching, and cutting-edge
Charles T. Horngren Professor of Accounting, research meet. We create and learn in an intense, exhilarating climate of discussion
Chicago Booth and debate. Our executive participants have transformational experiences that turn
them into more empowered, impactful leaders.
Kathleen Fitzgerald
Adjunct Associate Professor of Strategic
Management, Chicago Booth

LEARN MORE AT: ChicagoBooth.edu/FANM E exec.ed@chicagobooth.edu P +1.312.464.8732

FINANCIAL ANALYSIS FOR
NONFINANCIAL MANAGERS (FANM)
CONNECT WITH WORLD-CLASS FACULTY
Chicago Booth has one of the most highly-regarded faculty of
any business school in the world. Since Sweden’s central bank,
Sveriges Riksbank, established the Nobel Prize in Economic
Sciences in 1968, nine Chicago Booth faculty members have
won the award.
BLENDED TEACHING APPROACH
To reinforce learning, the program incoporates both online
and in-person components:
Pre-Program Online
Participants get access to an online platform to help them
build their financial acumen prior to the program. Each
module features self-tests, allowing participants to tailor their
learning and focus their time on the modules least familiar
to them. This online platform is accessible for a year, so
participants can use it to reinforce and refresh the finance
concepts they have learned.
In addition, participants join two live online sessions with
Professor Kathleen Fitzgerald. These interactive pre-sessions
reinforce important foundational concepts and acclimate
participants to the classroom experience. These sessions are
recorded for offline viewing, but they are most effective when
attended live.
In-Person Review Sessions
During the program, several review sessions are offered after
class to give participants an opportunity to practice and apply
the course concepts to their work.
PROGRAM OUTLINE
Analyzing Historical Performance
• Financial statements: balance sheet, income statement, and
statement of cash flows
• Accounting rules and conventions: GAAP and IFRS,
historical costs, matching
• Financial analysis tools: ratio analysis, multiples and
comparables, cash flow analysis
• Special topics: goodwill and intangibles, deferred taxes,
segment reporting, earnings management
Forecasting Financial Performance
• Present values, capital budgeting, and project evaluation
• Income taxes and investment decisions
Overview of Firms’ Internal Information Systems
• Objectives of cost accounting systems: introduction to
product costing, integration of the costing system with
the financial reporting system, use of cost data to support
pricing decisions
• Costing systems in nonmanufacturing environments
• Limitations of traditional costing systems; signals of
problems
Activity-based Costing and Activity-based
Management Systems
• How they work and their advantages and disadvantages
Using Cost Information to Understand Profitability and
Corporate Strategy
• Linking the costing system to corporate strategy
• Applying costing methods to understand customer
profitability
• Cost behavior: fixed versus variable costs, break-even
analysis, contribution margin analysis, sunk, incremental,
and opportunity costs
Planning, Control, and Evaluation Systems
• Preparing and using master and flexible budgets
• Analyzing budget variances
• Measuring performance: financial and nonfinancial measures
such as ROI, EVA®, and balanced scorecard
• Designing incentives to motivate profit-maximizing
behavior
FOR MORE INFORMATION, CONTACT:
Executive Education
The University of Chicago Booth School of Business
450 N. Cityfront Plaza Drive, Suite 514
Chicago, IL 60611-4316
P +1.312.464.8732
E exec.ed@chicagobooth.edu
ChicagoBooth.edu/FANM