Financial Acumen for Non-Financial Executives November 14-16, 2017 Executive Education
Financial Acumen for Non-Financial Executives Developing financial acumen is critical for all managers regardless of their function in an organization. After all, when it comes to deciding how well a management team has performed, a few key financial measures (ROI, NPV, EVA, EBITDA etc.) seem to have the final say. Consequently, a management team that is unmindful of these financial measures may end up destroying value for their firm rather than creating it. But often, non-financial managers lack even a basic understanding of simple financial concepts. As a result when conversations drift to financial and accounting matters in executive meetings, non-financial managers shy away from participating in discussions and sharing their professional insights. It often happens during the discussions on budget proposals and project financials. Financial Acumen for Non-Financial Executives provides a focused and hands-on overview of the fundamental and commonly used financial concepts and techniques in businesses. The programme is designed to equip non-financial managers with management skills that enable them not only to engage in conversations related to core financial matters but also to conduct basic financial analysis themselves. A lot was covered in 3 days. Sabeen Jatoi Communications Manager United Energy Pakistan Ltd. Audience Enterprise Leaders (ENL) Head of Organisation C-Suite Leaders (CSL) Leadership Team Emerging Leaders (EML) New Leaders Being Groomed for CSL Positions High Potential Leaders (HPL) Potential Leaders Being Groomed for Leadership Position Ideal Target Audience C-Suite and Emerging leaders with non-financial backgrounds who are looking to augment their financial knowledge. Organisations are encouraged to send executives from functional areas such as Operations, Planning, IT, Marketing, HR, Legal, Government Affairs and Research & Development Excellent management, good professor and KSBL is MashaAllah at international standards of teaching. Sharique Siddiqui Participated as: Chief Executive Officer Pakistan International Bulk Terminal Ltd Excellent resource with clear understanding of the concept and knows how to deliver the knowledge. Qasim Qayyum Participated as: Director Sales -Logistics TCS Pvt Ltd
Learning Methodologies Use of diverse learning methodologies like interactive lectures, exercises, case studies, presentations and group activities, to ensure maximum learning. Coverage Day 1 The program begins with developing a basic understanding of financial statements. With concrete examples and insightful analogies, the module gradually builds a clear comprehension of major financial statements, their contents and structures. Once the participants have become familiar with the financial reporting side, they are able to analyse the numbers from a management perspective. Day 2 Here the program focuses on techniques for creating value for the business in long-term decisions. Beginning with the basics of time value of money, the key concepts used in business valuation are developed. Day 3 Eventually the program narrows on more complex capital to budgeting situations. Here participants learn standard project evaluation techniques for effective decision making for project investment. Key Takeaways After attending this program participants: Develop basic accounting knowledge. Demystify the use and value of the "three" basic financial statements. Comprehend and acquire techniques for drawing meaningful information from reported financial numbers for better managerial decision making. Learn and apply concepts of Time Value of Money. Acquire skills to make basic investment decisions at personal and business levels. Explore the concept of value in finance and learn to make value creating decisions in business. Discover capital budgeting techniques for analyzing and executing project investment decisions. Some Participating Organizations of Previous Programs Included: Aga Khan University Hospital CSD English Biscuit Manufacturers Engro Corporation Engro Polymer & Chemicals Ltd. Fatima Group Inbox Business Technologies Indus Motor Company Limited Lucky Cement Ltd. Pakistan International Bulk Terminal Ltd. Pakistan Petroleum Ltd. TCS Express and Logistics United Bank Ltd. United Energy Pakistan Ltd. United Towel Exporters
Program Faculty Dr. Zeeshan Ahmed Acting Rector & Dean, KSBL Associate Professor of Finance Ph.D., Mississippi State University, USA MBA, IBA Karachi CFA and CPA Dr. Zeeshan is an Associate Professor at KSBL. Prior to joining KSBL he was heading the undergraduate program in Accounting and Finance at Suleman Dawood School of Business, Lahore University of Management Sciences (LUMS). Dr. Zeeshan has over ten years of diverse experience including training, research and consultancyexperience. After completing his MBA from IBA Karachi, he worked as a management consultant with Ferguson Associates, an affiliate firm of PricewaterhouseCoopers. He completed his Ph.D. from Mississippi State University, US in the discipline of Finance. Professionally, he is a CFA and has also passed all CPA examinations the two most respected professional qualifications in Finance and Accounting respectively. His decade-long experience as an academician comprises of teaching and training using a variety of pedagogical techniques (including case method) at top business schools in Pakistan. He has also been influential in shaping the curriculum for business education at these schools. There are several areas in which Dr. Zeeshan has designed and conducted executive training workshops. Some notable mentions are Finance for Non-Financial Managers, Corporate Financial Management, Management Development Program, Understanding Corporate Financial Statements, Islamic Finance, and Accounting for Executives. Dr Mohammad Iqbal Tahir Professor in Accounting and Finance, KSBL BSc, MSc (PU), MPhil (QAU), Grad Dip Ed, Grad Dip Prof Acc (UC), MEc (UNE), MSc, PhD (ANU), CPA Professor Dr. Iqbal Tahir holds PhD and MSc degrees from Australian National University, and MEc from University of New England, Australia. He has had extensive teaching experience in Australia at Australian National University, Griffith University, University of Canberra and University of Technology Sydney, as well as Nottingham University, UK and Stockholm University, Sweden. He has numerous research papers and publications internationally, and his research interests include Islamic Banking, Islamic Accounting, Application of Stochastic Calculus in Accounting and Finance, Capital Market Research and Options and Futures.
Program Faculty Dr. Muhammad Imran Chaudhry Assistant Professor of Business Economics & Finance, KSBL PhD, Ohio State University, USA MA Economics, Ohio State University, USA MS Agricultural & Development Economics, Ohio State University, USA BBA, Lahore University of Management Sciences (LUMS), Lahore Dr. Muhammad Imran Chaudhry is an Assistant Professor in the areas of economics, finance & accounting at the KSBL. He completed his PhD from the department of Applied Economics at the Ohio State University. In the past, Dr. Imran has taught undergraduate and graduate level courses at the Beacon House National University (BNU) and the Information Technology University (ITU). Prior to that, he worked on an Acumen Fund development project in rural Pakistan and as a Research Associate with the Social Enterprise Development Centre (SEDC) at the Lahore University of Management Sciences (LUMS). Dr. Imran has consulting experience in the areas of agricultural markets, agribusiness and family business. Dr. Imran earned his undergraduate degree in Accounting & Finance from LUMS and passed all CFA exams in 2011. Thereafter, he completed dual graduate programs in the areas of economic theory and agricultural & development economics from Ohio State University en route to his PhD. In terms of research, Dr. Imran utilizes a wide array of methods including economic modeling, applied econometrics and numerical simulations to examine policy relevant issues broadly related to the fields of agricultural economics and financial economics. His research has been presented at the American Applied Economics Association and Midwest Economics Association conferences. His research has also been accepted for publication in reputable journals e.g. Issues in Accounting Education and Applied Financial Economics. Venue: KSBL Campus Investment: PKR 45,000/- per participant UAN: (92 21) 111-11- KSBL (5725) PABX: (92 21) 34855382, 38771999 Ext: 558 Address: National Stadium Road, Opp. Liaquat National Hospital, Karachi 74800 KSBL reserves the right to make changes in the programme, policies, dates and fee at any time. execed@ksbl.edu.pk www.ksbl.edu.pk