Leading for Results: Strategic Financial Management

This program focuses on connecting business decisions with their financial consequences and views finance as an operational element of a successful organization. It is critical for leaders to understand how business decisions impact financial results and how constraints shape business decisions. All too often, operational leaders and strategic decision-makers are siloed from their counterparts in finance. Accounting is the language of business because its terms and concepts translate any business decisions into their economic consequences. As you gain familiarity with the tools and techniques of strategic financial management , you will begin to deploy finance and accounting to empower your business decisions.

Short Course

Leading for Results: Strategic Financial Management

Overview

This program focuses on connecting business decisions with their financial consequences and views finance as an operational element of a successful organization. It is critical for leaders to understand how business decisions impact financial results and how constraints shape business decisions. All too often, operational leaders and strategic decision-makers are siloed from their counterparts in finance. Accounting is the language of business because its terms and concepts translate any business decisions into their economic consequences. As you gain familiarity with the tools and techniques of strategic financial management , you will begin to deploy finance and accounting to empower your business decisions.

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Current Offerings

Start

Oct 09, 2024

End

Oct 18, 2024

Schedule

October 9, 11, 16 & 18, 2024: 8:30-11:45am Eastern

Location

Live Remote

Fee

Who Should Attend

This program benefits emerging leaders and those in a leadership or executive role responsible for creating or implementing strategy. Prior knowledge of finance is helpful, but not necessary.

Program Benefits

  • Improve your ability to:
    • Consider the interaction of operational decisions, financial outcomes, and strategic imperatives
    • Obtain a system-wide financial picture of your organization
    • Read and interpret financial statements as business and strategy tools
    • Deploy strategic financial management to drive systemic business efficiency

Program Content

This program is taught by the very best business faculty and experienced practitioners from top organizations who will help you tie critical new perspective, concepts, and techniques to immediate application in the workplace.

  • Intro to Financial Reports
    • Understand the basic tenets of managerial accounting
    • Read and understand corporate financial statements
    • Understand the balanced scorecard as an integrated view of the business
  • Decision Making
    • Developing a systems-view of your organization through financial information
    • Decision making: Maximizing possibilities, minimizing risk
    • Aligning business decisions, financial outcomes, and strategy
  • Strategic Financial Management
    • Cost management through product design
    • Operations Management
    • Revenue management
    • Money management
  • Online Business Simulation
    • You will participate in a competitive business simulation allowing you to practice:
    • Operational decision making – product design to working capital management
    • Aligning operational and financial decisions with competitive strategy
    • Bridging functional silos to collaborate with other departments

Faculty

Expert executive faculty who have led significant change within the private and public sectors will provide models and frameworks to help you transform vision into and action plan for results.

Dr. Sajay recently sat down for an informal fireside chat to describe what you can expect from this course. Hear how he describes his teaching style and what he hopes you’ll learn.

Value For You and Your Organization

If you are in a leadership position, you have some degree of responsibility for financial reporting and understanding the financial situation of your organization or department. Through this program, you will begin to understand the implications of all types of decisions on your organization’s growth and success.

The Executive Programs Short Course Experience

All of our transformational learning experiences provide the right environment for you to quickly develop and apply new capabilities.

Pre-work

Your learning experience begins with pre-work to ease you into the course content. Completing this work in advance of your first course meeting will allow you to familiarize yourself with basic concepts and identify questions you may want to ask.

Engaging Content

Lectures and hands-on activities allow you to engage with the material and apply lessons learned in real time. You’ll have the opportunity to pose industry-specific questions, network with peers, and test your knowledge.

Expert-led Instruction

Led by a faculty expert, the program incorporates real-world examples from globally known companies. As part of a diverse learner group, you will hear varied perspectives and thoughtful questions from others in the course

Simulation Exercises

The course culminates with a financial simulation to practice your data-based decision-making skills. Use the simulation for a risk-free experience of using financial data to make informed decisions.

Customize This Program

All programs can be tailored to your organization and team, and be delivered to groups of 10 or more. Contact us about custom program possibilities. Customize Request Info 800-311-6364
group of people consulting

Additional Details

Our Learning Solutions Associate will be happy to hold a seat for you in this program. A reservation does not commit you to the program until you submit the registration form online. To reserve your spot, click the ‘Save my Seat’ button next the program’s offering, listed above.

Discount Rates

  • 20%: In-Person delivery, or Live Remote delivery with 20+ participants on same invoice (Contact us to register your group)
  • 10%: Live Remote delivery

Eligibility

Tuition discounts are available for:

  • DoD or government employees
  • Penn State alumni
  • Individuals who commit to earning a Professional Certificate
  • Teams of three or more attending from the same organization
  • CSCR Corporate Sponsors and other affiliated groups (with valid discount code)

After registration, you will receive access to your personal learning portal. There you can find the following information:

  • Pre-program assignments, which prepare you for the program before the start date
  • A list of program faculty and fellow registered participants
  • Travel coordination and support, if applicable

Transfers

If an accepted Penn State Executive Programs applicant finds it necessary to transfer to another session of the same program, one transfer will be allowed with no charge if arranged more than six (6) weeks prior. Additional transfers, transfers to a different program, or transfers arranged less than six (6) weeks prior incur a charge of 10% of the current program fee.

The sponsoring company may identify a replacement candidate, but the replacement candidate must be accepted for the program through an admissions review.

Refunds

The following refunds will apply for withdraws if Penn State Executive Programs is notified in writing within the time period stated:

  • Full refund with notification received more than six (6) weeks prior to start of the program
  • 50% refund with notification received between two (2) and six (6) weeks before the start of the program.
  • No refund with notification received two (2) weeks or less prior to the start of program.

Note: The registered participant or their agent must confirm all notification of withdrawals, transfers and substitutions in writing. If written notification is not received, the full program fee will be assessed.

Cancellations

The University may cancel or postpone any course or activity because of insufficient enrollment or other unforeseen circumstances. If a program is canceled or postponed, the University will refund registration fees but cannot be held responsible for any other related charges, or expenses, including cancellation/change charges by airlines or travel agencies. In the case of postponement, as an alternative to a refund, program fees may be transferred to another session of that program.

If you have any questions or concerns about our cancellation policy, please contact us to discuss further.