Finance and Accounting

for the Nonfinancial

Executive
Dates: November 15 20, 2015
Application Deadline October 16, 2015
Tuition: $11,000 USD
Price subject to change. Program tuition includes private accommodations, all meals, and course materials

OVERVIEW
Balance sheets and income statements. Cash flow and financial management. Many
executives rise to positions of great responsibility with less knowledge of finance and
accounting than theyd like to have. Finance and Accounting for the Nonfinancial Executive will
demystify the data, clarify key concepts, and teach you important frameworks and
fundamentals.
This highly focused curriculum taught by world-class faculty from Stanford Graduate School
of Business will help you identify trends, make performance comparisons with competitors,
and practice financial forecasting. Youll explore how much debt a company should accept,
the appropriate analysis for better investment decisions, the measurement of the cost of
capital, and the payment of cash dividends to investors. Bottom line, youll learn how to make
better financial management decisions to increase the value of your company in the
marketplace.

KEY BENEFITS

WHO SHOULD ATTEND

Finance and Accounting for the Nonfinancial
Executive is ideal for executives with little to
no academic training in finance or
accounting. Its specifically designed for:
Mid- to senior-level executives in general
management, corporate planning,
marketing and sales, or other functional
areasfrom any size company, any
industry, and any country
Anyone in a top level position who doesnt
feel comfortable with the ability to
understand financial statements, financial
information, and making financially based
decisions

SAMPLE DAILY SCHEDULE

Breakfast
Full breakfast at Schwab Residential Center

Morning Session I

Finance and Accounting for the Nonfinancial Executive will help you:

Strategic Leadership in Dynamic

Environments

Become a well-informed, strategic user of accounting and financial data

Morning Session II

Understand the core concepts, terms, and techniques of finance and accounting

Financing and Valuing Growth

Utilize financial concepts to make more informed decisions and become a greater asset to
your company

Morning Session III

Engage more effectively with the financial stakeholders in your company

Lunch

Communicate with the key sources of financebanks, other lenders, and investors
Gain a broad overview of the financial marketplace and the role a company plays within it

Creating and Delivering Value to Customers

Buffet lunch with optional patio dining

Afternoon Session
Transitioning from Founder to External CEO

PROGRAM HIGHLIGHTS

Late Afternoon

CONSTRUCTION OF FINANCIAL STATEMENTS

Dinner

Study the mapping between underlying economic events and financial statements, and how
this mapping affects inferences about future profitability and cash flows. In particular, you
will examine the construction of financial statements from transaction information and
recognize the importance of judgment in accounting and its potential effect on financial
statements.

Cocktail reception followed by dinner

Individual study

Evening
Study group discussions

DECISION MAKING

Understand how to gather and use accounting and cash-flow information to make short-term
and long-term managerial decisions and recognize the critical role played by taxes in capital
budgeting situations.
CAPITAL STRUCTURE: THE CHOICE BETWEEN DEBT AND EQUITY

Identify the factors that must be considered in determining a firms optimal capital structure
and learn how the market reacts to changes in that structure.

gsb.stanford.edu/exed/fanfe

EXECUTIVE EDUCATION / FINANCIAL MANAGEMENT

FANFE was amazing. I now view Finance and Accounting from a completely different angle.
The program was inspiring and will definitely change the way I think about finance. George
Parker is very passionate and the team was just great. I would strongly recommend
anyone to attend this program.
Sylvain Theveniaud | Director of Strategy & Marketing | SEKOYA Technologies | FANFE 2013

TYPICAL PARTICIPANT MIX

Management Function
10% Corporate Development
47% General Management
10% Human Resources
3% Information Technology
17% Research/Development
13% Sales/Marketing

Industry
10% Agriculture/Food/Beverages
7% Biotechnology
19% Computer/Electronics/Software
7% Construction/Engineering/Materials
3% Environmental Services
14% Financial Services/Insurance
10% Manufacturing
10% Mining/Metal Processing/
Petroleum/Oil/Gas
3% Pharmaceuticals/Medical Devices
17% Telecommunications/Information
Services

Region
7% Asia
3% Australia/New Zealand
3% Europe
84% North America
3% South America

TAKE THE NEXT STEP

For more information, or to apply to
Finance and Accounting for the
Nonfinancial Executive, please visit
gsb.stanford.edu/exed/fanfe.

FACULTY DIRECTORS
George G. C. Parker, the Dean Witter Distinguished Professor of
Finance, Emeritus, and Faculty Director of the Stanford Master of
Science in Management for Experienced Leaders program, is a
recognized expert in financial services and is acclaimed for his spirited
teaching of both MBA students and executives. He is the author of Risk
Management: Problems and Solutions (Mcgraw-Hill College, 1995).
Madhav V. Rajan, the Senior Associate Dean for Academic Affairs at
Stanford Graduate School of Business, oversees the MBA and MSx
programs. He is the Robert K. Jaedicke Professor of Accounting and
also Professor of Law (by courtesy) at Stanford Law School. Rajan
specializes in the economics-based analysis of management accounting
issues. He is coauthor of Cost Accounting: A Managerial Emphasis (Upper
Saddle River: Pearson Prentice Hall, 2014), the leading text in the field.

OTHER STANFORD GRADUATE SCHOOL OF BUSINESS FACULTY

Dirk Jenter
Associate Professor of Finance
Ron Kasznik
Paul L. and Phyllis Wattis Professor
of Management

Maureen McNichols
Marriner S. Eccles Professor of Public and
Private Management; Professor of Law (by
courtesy), Stanford Law School

As an HR executive for a public company, financial acumen is

becoming increasingly more critical to the job. In one week,
the FANFE program demystified the world of finance and
accounting for me and I feel much more confident in my
abilities to analyze financial information.
Kelley Steven-Waiss | Vice President, Worldwide Human Resources |
PMC-Sierra, Inc. | FANFE 2009

EXPERIENCE THE STANFORD DIFFERENCE

Stanford Graduate School of Business Executive Education programs offer executives from
around the globe an extraordinary opportunity to immerse themselves in an intensive,
collaborative learning environment where the focus is continually on the future. Taught by
Stanfords world-renowned faculty and supplemented by guest speakers, participants acquire
the knowledge, vision, and skill to bring innovative leadership to their organizations while
advancing their personal and professional growth.

gsb.stanford.edu/exed/fanfe