The topics presented during the course will help you
understand the fundamentals of finance and accounting, read and interpret balance sheets, income statements and cash flow statements, use accounting and financial information to evaluate the performance of your company and your competitors, make better business decisions, assess and select projects and investments using basic principles of finance, understand fixed costs, variable costs, break-even analysis and contribution margin, make a valuable contribution to your company’s financial decisions
and much more.
Program topics include:
- Fundamental accounting and finance concepts
- An introduction to financial statements
- Using accounting and financial data to evaluate performance.
The methods those outside your company measure the health and performance of your company. The use of benchmark industry and company information to compare performance of your company with the performance of competitors.
- Using accounting and financial data to plan for the future.
The use of forecasting techniques to develop “pro forma” financial statements. Methods to predict cash and resource needs and to address critical planning issues.
- Using financial analysis to select projects and investments.
Commonly used investment analysis techniques. Capital budgeting as a project evaluation tool.
- Accounting data used for managerial decision making.
Cost/volume/profit relationships. Fixed and variable costs and break-even levels.
- The use of relevant cost analysis to improve decision making
- Management control systems.
Performance metrics and how they offer a measurement based approach to strategy implementation and performance evaluation.
Hemang Desai, Ph.D., Academic Director, is the Robert B. Cullum Professor of Accounting. He teaches intermediate accounting to undergraduates and mergers and acquisitions to graduate business students. His teaching has been recognized with multiple awards in the undergraduate, graduate and executive education programs. He is also the recipient of SMU’s Golden Mustang Outstanding Faculty Award, which honors faculty members for excellence in both scholarship and teaching. Desai’s recent research examines issues related to quality of earnings and the behavior of short sellers. His past research has examined the performance of money managers and analysts, as well as spin-offs and mergers and other corporate restructuring transactions. His articles have been published in top academic and practitioner journals, including the “Journal of Finance,” the “Journal of Financial Economics,” “The Accounting Review,” the “Journal of Business,” and “Financial Analysts Journal.” His writings have also been the subject of columns in a range of leading publications, including “The Wall Street Journal,” “Barron’s,” and the “New York Times.” Desai holds a master’s degree in business administration from the University of New Orleans and a doctor of philosophy from Tulane University.
Gauri Bhat is an assistant professor of accounting in the Cox School of Business. Before entering academia, she worked as an auditor with KPMG and held a management position in the Corporate Banking Risk Administration Group at Citibank.
She has taught financial statement analysis for banks, financial accounting, and management accounting courses at the MBA and undergraduate levels. Her research has been published in accounting journals and focuses on financial reporting by financial institutions, risk management disclosures, and the role of accounting in credit default swap markets.
She earned her PhD from the University of Toronto. She holds professional designations as a chartered accountant and a cost accountant, and is a CFA charter holder. Most recently, she served as a faculty member at the Olin Business School at Washington University in St Louis.
Dr. James S. Linck (Jim) is the Distinguished Chair in Finance at the Cox School of Business at SMU. He received his MBA from the University of Michigan and his PhD from Arizona State University. Prior to joining the Cox faculty, he was the BB&T Scholar at the University of Georgia's Terry College of Business, and taught at the University of Rochester's Simon Graduate School of Business and at the WP Carey School of Business School at Arizona State University. Between his academic years, he held various corporate finance and accounting positions at Intel, NCR/AT&T, and Ernst & Whinney (now Ernst & Young). Professor Linck has taught courses in financial management, research methods, international finance, corporate finance, corporate control, valuation, financial statement analysis and financial accounting at the undergraduate, masters and doctoral levels. He has also taught numerous modules on financial statements, corporate finance, valuation and investments in executive development seminars, as well as many executive and professional MBA courses incorporating web-enhanced online learning tools. He is well-known for his use of innovative approaches to teaching across a variety of programs, and received numerous teaching awards including the C. Jackson Grayson, Jr. Endowed Faculty Innovation Award, Terry College's Teacher of the Year, the Executive MBA Outstanding Professor, the Professional MBA Outstanding Instructor, the Hugh O. Nourse MBA Teacher of the Year and the Finance Professor of the Year, among others. His research interests include corporate finance, organizations, governance and corporate control. His research has been published in the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, and The Accounting Review, among other outlets, and has been widely cited in academic literature and the popular press. Professor Linck holds the Chartered Financial Analyst (CFA) and Certified Public Accountant (CPA) certifications.
Jody Magliolo, Ph.D., is professor and distinguished chair in accounting. Magliolo taught accounting in the undergraduate and MBA programs at Carnegie-Mellon University and the Wharton School before joining Southern Methodist University. Magliolo’s primary teaching interests lie in the areas of financial accounting and financial statement analysis. His dissertation examined oil and gas firms’ “reserve recognition accounting” disclosures. These disclosures, included as a part of oil and gas firms’ annual reports, value firms oil and gas reserves using rules specified by accounting policymakers. Subsequent research analyzed the relations between proved reserve disclosures in the financial statements and the valuation of oil and gas firms. Magliolo’s excellence in the classroom has been recognized with teaching awards for graduate student instruction at Wharton and SMU. He is also the recipient of the Cox 1995 MBA Distinguished Teaching Award and the 1996 Research Excellence Award. Magliolo’s current research focuses on the interaction of financial accounting and regulatory issues in banks and insurance companies. He has published articles in the “Journal of Accounting Research,” the “Journal of Accounting and Economics,” the “Journal of Accounting, Auditing and Finance,” and “The Accounting Review,” where he has served as a member of the editorial board. He earned a bachelor of science degree in chemical engineering from the University of Texas and served as a process engineer for Union Carbide. He holds a master’s degree in business administration from the University of Texas and a doctor of philosophy degree from Stanford University.