USC Marshall School of Business

Program

Experienced managers in marketing, sales, production, engineering, R & D, human resources and others who do not have financial backgrounds but want to expand their knowledge of finance and financial measures of performance will want to participate in these intense three day course. Understanding Finance and Accounting will equip non-financial managers with the financial knowledge necessary to communicate more effectively with financial managers, analyze financial statements and understand how they relate, interpret a company's profitability, solvency and liquidity, explore the sources and costs of capital and the factors of investment decisions, and learn valuation principles and their impact on the value drivers of the firm.

Topics

• Overview of Financial Statements
• The Balance Sheet
• The Income Statement
• The Cash Flow Statement
• Financial Ratio Analysis
• Foundations of Finance and Introduction to Valuation
• Pricing of Stocks and Bonds; Introduction to Capital Budgeting - Measuring Value
• Issues in Forecasting Cash Flow
• Cost of Capital and Valuation

Fee

$1950 per person includes tuition, course materials and parking. There is a 10% discount for three or more registrants from the same company.

Financial Aid?

The USC Marshall School of Business, Office of Executive Education, does not offer any financial aid for its programs. However, you may be able to find external financial aid to help you with our courses. These two private loan programs are available for executive and continuing education programs. This is not an exhaustive list; The USC Marshall School of Business, Office of Executive Education, does not specifically endorse any financial aid program.

Who Should Attend

Managers in marketing, sales, production, engineering, R & D, human resources and others who wish to know about more about accounting and finance. Participants often use (or should be using) financial statements and want to develop more confidence in their analytical skills. No prior classroom experience in accounting or finance is expected, but familiarity with the general language of business will be assumed.

Teaching Method

Using case studies, current business articles, in-class exercises, interaction and small group projects, our faculty will lead you to focus on the key knowledge and skills you need to understand and apply concepts to your organization's activities.

Faculty

Mark L. DeFond, PhD, CPA is The Joseph A. DeBell Professor of Business Administration and Professor at the Marshall School of Business at the University of Southern California (USC). He received his PhD at the University of Washington in 1987 and prior to that was an auditor with the international accounting firm of Deloitte & Touche (formerly Touche Ross & Co.) for five years. He joined USC in 1987 and was on leave from 1995-97 to the Hong Kong University of Science and Technology.

Professor DeFond teaches financial accounting in the MBA program at USC and was recipient of the MBA Golden Apple teaching award in 1992, 1998 and 2000. He has also been ranked among the most outstanding MBA faculty in Business Week's Guide to the Best Business Schools several times. For more on Professor DeFond’s background, click here.

Ty Callahan is an Associate Professor Clinical Finance and Business Economics at the USC Marshall School of Business. He received his PhD in Finance in 1999 from the University of California Los Angeles. He received his MBA in finance from UCLA, his MS in electrical engineering from UC Berkeley, and his BS in electrical engineering from the University of Michigan, Ann Arbor.

His research is in the areas of financial market microstructure and information economics. He has published in the Review of Future Markets, IEEE Proceedings, and Journal of Physical Chemistry. He has been an ad hoc referee for the Journal of Finance, Journal of Financial Markets, and Journal of Empirical Finance. For more on Professor Callahan’s background, click here.

CPE Credits

The University of Southern California is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org.

Understanding Finance and Accounting has been approved for 21 CPE units in Accounting (8), Auditing (5) and Finance(8).

Program Level: Basic
Delivery Method: Group-Live
Advanced Preparation: None
Prerequisites: None

For more information regarding refund, complaint and program cancellation policies, please contact our offices at 213.740.8990.