Financial skills, an integral part of a manager’s toolkit and the MSM Executive MBA curriculum
From 18 until 25 January, MSM welcomed the executive MBA students for their module on finance and accounting. For the non-financials this module is known to be one of the most difficult ones of the program. However, it is also a very important module, as knowing how to prepare and read financial reports will help managers to make sound business decisions.
Corporate finance
The first four days of the in total 8-day module focused on corporate financial management, which was taught by Dr. Angelo Corelli, Associate Professor of Finance at MSM. The course introduced the Executive MBA students to key topics in corporate financial management, focusing on business valuation and value creation. Every day was split in two sessions where different topics were taught, discussed and practiced. The group learned among others about the time value of money, bond valuation, capital budgeting, company valuation, cost of capital and short-term financing.
Once the basics of corporate finance were clear, groups were made to apply the newly gained knowledge in a group assignment, which was a business valuation of a real company.
“The two modules were the most challenging (in a good way) so far for me as I don't have a finance and accounting background. In my opinion, within the timeframe we were given, the lecturers did a good job explaining the broad subjects within four days”. Odka Tseren, Executive MBA
Accounting for managers
Joris Kersten of “Kersten Corporate Finance”, who is an independent consultant in Mergers & Acquisitions and part of MSM’s Adjunct Faculty as lecturer in Corporate Finance & Accounting, submerged the students in the topic of accounting for managers. The course focused on the use of current reporting and accounting concepts in international business.
As financial skills are an integral part of the basic toolkit that any manager should have, it is of high importance for managers to understand financial reports. It is the basis for good managerial decision-making. Therefore, the classes were very hands-on where the students practiced copiously with making and understanding balance sheets, income- and cash flow statements.
To put theory into practice, the take-home assignment will challenge every student to write a comprehensive analysis of a real annual report.
“I still need to do a lot of self-learning for my individual assignments but in overall it was a very good overview per subject and I feel that I can definitely apply the newly gained knowledge in my job” Odka says.
Join the Executive MBA program
Would you like to learn more about the MSM Executive MBA? Our recruitment team, is available to answer all your questions. The next intake will start on 18 April 2020, or join the next open day on 25 April 2020.
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