Key Topics

• Establish how investors and the market view value creation
• Overview of the capital budgeting process
• Estimate cash flows and cost of capital
• Understand key investment criteria
• Key financial performance measures: net present value, internal rate of return, return on equity, return on assets, and return on investment
• Apply decision making framework to “go or no-go” scenarios
• Learn how to manage payout policy
• Decide between capital structure alternatives
• Understand drivers of merger and acquisition success

Who Should Attend

This course is appropriate for managers of all backgrounds seeking coverage of advanced topics. Managers with a non-finance background may find that this course is best following our “Basic Accounting” and/or “Using and Understanding Financial Statements” courses.

About the Instructor

Nathan Mauck, Ph.D., is an Associate Professor of Finance at the Henry W. Bloch School of Management at the University of Missouri-Kansas City

Nathan has specialized his research and teaching in the areas of corporate finance, international finance, financial modeling, firm valuation, mergers and acquisitions, and venture financing. He has over 20 peer-reviewed academic publications and his work has been featured in popular press publications such as The Wall Street Journal. Nathan is a favorite instructor of students at the Bloch School and has won numerous teaching awards.

Key Topics

• Accounting equation and the relationship among its components
• The basic accounting principles
• The accounting process: journals and ledgers
• How debits and credits work
• How various business transactions affect financial statements
• Cash accounting versus accrual basis accounting
• The difference between accounting profit and cash flow
• Retained Earnings is the bridge between the Income Statement and the Balance Sheet
• Apply accounting conventions and guidelines
• The purpose of and terminology associated with the key financial statements:
  • Income Statement or Profit and Loss Statement (P&L)
  • Balance Sheet
  • Statement of Retained Earnings
  • Cash Flow Statement

Who Should Attend

This program is designed for both new managers of all backgrounds and established managers with non-finance backgrounds in every functional area of responsibility and in all industries.

About the Instructor

William R. Kay, MBA, is an adjunct Professor for the University of Missouri Kansas City (UMKC), Bloch School of Management, and owner of W. Kay & Associates is dedicated to helping organizations and individuals enhance their competitiveness, productivity, and technological performance.

For the past 28 years, Mr. Kay has specialized in assisting businesses in the quest to improve performance in the areas of strategic planning, finance and accounting, project management, marketing, sales and sales management, and team building following the accelerated learning model for adult learning.

Mr. Kay’s professional experience includes over 20 years as CEO and owner of a major company and, for the past 28 years helping major Fortune 500 companies and Universities with organizational development and training.

Key Topics

• Overview of the planning and budgeting process
• Accurately develop an operating budget based on forecasted sales, revenues, and costs
• Work with a well-planned budget that clearly highlights crucial variables that impact profit
• Know the line items on the income statement, their metrics and interdependencies
• Define variances so you can quickly implement changes to meet your company’s financial objectives
• Develop and present a well-thought-out budget that will get buy-in
• Keep your plan on target with budgetary controls
• Understand the definition, purpose, and components of a budget
• Operating budget vs. capital budget
• Address issues and challenges when dealing with assumptions and targets
• Revise and finalize the budget
• Organize and deliver your operating budget for feedback and final approval
• Obtain tips, guidelines, and recommendations for developing and presenting your budget
• Perform a variance analysis and identify potential sources and causes
• Know exactly which variances to address to plan for next year’s budget

Who Should Attend

Managers and anyone with budget responsibilities who are interested in developing or improving their budget planning skills.

About the Instructor

William R. Kay, MBA, is an adjunct Professor for the University of Missouri Kansas City (UMKC), Bloch School of Management, and owner of W. Kay & Associates is dedicated to helping organizations and individuals enhance their competitiveness, productivity, and technological performance.

For the past 28 years, Mr. Kay has specialized in assisting businesses in the quest to improve performance in the areas of strategic planning, finance and accounting, project management, marketing, sales and sales management, and team building following the accelerated learning model for adult learning.

Mr. Kay’s professional experience includes over 20 years as CEO and owner of a major company and, for the past 28 years helping major Fortune 500 companies and Universities with organizational development and training.

Key Topics

• Understand “CFO speak” including terminology and financial performance metrics related to:
  • Profitability
  • Growth
  • Impact of project financing
  • Risk
  • Cost and benefits
  • Creating shareholder or owner value
• Convert functional area jargon into the language of finance
• The role of financial projections in decision making
• Using your business case to influence others
• Identifying drivers of success and risk
• Financial models that support the business case
• Conducting sensitivity analysis and what-if analysis
• Demonstrating alignment of strategic and financial goals
• Anticipating and dealing with pushback
• Presenting key decision points in concise manner

Who Should Attend

Managers of all backgrounds who seek improved skills to articulate financial goals and describe performance to non-financial audiences. Managers with a non-finance background who want to learn finance jargon and “CFO speak.”

About the Instructor

Nathan Mauck, Ph.D., is an Associate Professor of Finance at the Henry W. Bloch School of Management at the University of Missouri-Kansas City.

Nathan has specialized his research and teaching in the areas of corporate finance, international finance, financial modeling, firm valuation, mergers and acquisitions, and venture financing. He has over 20 peer-reviewed academic publications and his work has been featured in popular press publications such as The Wall Street Journal. Nathan is a favorite instructor of students at the Bloch School and has won numerous teaching awards.

What You Will Learn

This intensive and fun workshop was created to help people position themselves to understand the numbers, how they work, and how to analyze financial statements, and the importance of asset management.

During the workshop, the attendees will gain a strong understanding of finance and accounting. They will learn how to use financial information to understand how to evaluate business performance for their own business unit, division, and their customers.

• The basic principles of financial management
• The key financial management functions and the uses of financial accounting
• The fundamental accounting principles
• The basics of financial reporting
• The use of basic financial statements in decision making
• The important financial concepts including General Accepted Accounting Principles (GAAP)
• The important accounting equation (Assets = Liabilities + Equity);
• The concepts of Cash versus Accrual Accounting
• The Key Financial Statements of business – Balance Sheet, Income Statement, and Cash Flow Statement
• How to analyze financial statements
• The important business metrics and financial ratios; and
• How to read financial statements to determine the financial health of an organization.

About the Instructor

William R. Kay, MBA, is an adjunct Professor for the University of Missouri Kansas City (UMKC), Bloch School of Management, and owner of W. Kay & Associates is dedicated to helping organizations and individuals enhance their competitiveness, productivity, and technological performance.

For the past 28 years, Mr. Kay has specialized in assisting businesses in the quest to improve performance in the areas of strategic planning, finance and accounting, project management, marketing, sales and sales management, and team building following the accelerated learning model for adult learning.

Mr. Kay’s professional experience includes over 20 years as CEO and owner of a major company and, for the past 28 years helping major Fortune 500 companies and Universities with organizational development and training.

Key Topics

• Define firm value from the perspective of owners and shareholders
• Understand common valuation techniques
• Apply a high-level discounted cash flow model to a real firm
• Valuation multiples
• Discount rates and cost of capital
• Use real firms and cases to identify key drivers of value including:
  • Sustainable competitive advantage
  • Organic and inorganic growth
  • Cost control
  • Risk reduction
  • Cash flow generation
• Apply valuation techniques to identify financial consequences of decision making
• Valuation in the context of mergers and acquisitions
• Establish the link between strategic initiatives and value

Who Should Attend

This course is appropriate for managers of all backgrounds with an interest in how value is created. Managers with a non-finance background may find that this course is best following our “Basic Accounting” and/or “Using and Understanding Financial Statements” courses.

About the Instructor

Nathan Mauck, Ph.D., is an Associate Professor of Finance at the Henry W. Bloch School of Management at the University of Missouri-Kansas City

Nathan has specialized his research and teaching in the areas of corporate finance, international finance, financial modeling, firm valuation, mergers and acquisitions, and venture financing. He has over 20 peer-reviewed academic publications and his work has been featured in popular press publications such as The Wall Street Journal. Nathan is a favorite instructor of students at the Bloch School and has won numerous teaching awards.

Key Topics

• The key Financial Statements and how they tie together
• Key Finance Terms: Assets, Liabilities, Capital, Depreciation, Current Ratio and others
• Master the mind-set: see business in terms of dollars-and-cents decision options that pay off, short and long-term
• Develop working rules regarding your corporate financial statements
• Use the balance sheet to examine assets and liabilities
• Analyze the income statement to assess revenues and expenses
• The statement of cash flow: sources and uses of funds
• Content and format of the annual report
• Understand the footnotes
• Debt vs. Equity financing
• How leverage can increase return to shareholders
• Use profit-planning tools, break-even analysis, financial forecasting
• Importance of Cash Flow: where cash comes from and how it’s applied
• Criteria for examining the performance of divisions and product lines
• Understand the cost of capital

Who Should Attend

This program is designed for both new managers of all backgrounds and established managers with non-finance backgrounds in every functional area of responsibility and in all industries.

About the Instructor

William R. Kay, MBA, is an adjunct Professor for the University of Missouri Kansas City (UMKC), Bloch School of Management, and owner of W. Kay & Associates is dedicated to helping organizations and individuals enhance their competitiveness, productivity, and technological performance.

For the past 28 years, Mr. Kay has specialized in assisting businesses in the quest to improve performance in the areas of strategic planning, finance and accounting, project management, marketing, sales and sales management, and team building following the accelerated learning model for adult learning.

Mr. Kay’s professional experience includes over 20 years as CEO and owner of a major company and, for the past 28 years helping major Fortune 500 companies and Universities with organizational development and training.