Strategic Financial Skills
When: April 18, 2016 - April 22, 2016
Where: Dallas, TX
Presented by SMU Cox School of Business
"In today's competitive environment, energy companies are doing more with less—and in leadership positions, technical skills matter less than business acumen. Financial skills, accounting knowledge, capital-allocation expertise and strategic insight are necessary to make your mark in the company. This course tackles those subjects and helps non-financial managers in every function of the company understand, interpret and use data to make better business decisions."
- Michael R. Vetsuypens, Ph.D.,Professor of Finance, SMU Cox School of Business
Hundreds of executives have chosen our Strategic Financial Skills program for its concentrated coverage of financial management techniques uniquely tailored to the complexities of their industry. This comprehensive week long program uses a hands-on approach to help you understand and master the energy sector’s financial essentials. Your instructors are senior teachers with significant experience in executive development, business, consulting and energy industry financial management. You’ll share ideas and discuss industry issues with participants from around the world in small discussion groups and lively classroom sessions. You’ll meet mid-level to senior-level professionals from many segments of the energy industry and a variety of functional areas within their companies. In a series of information-packed class sessions, you'll learn the essentials of the business side of the energy industry. By the end of the week, you'll have a working knowledge of the key areas of financial management.
- Value creation. Focusing on the creation of value rather than operational measures of success; how managerial decisions affect the firm's value.
- Capital investment and project evaluation. Basic discounted cash flow concepts; estimating cash flows and determining the appropriate cost of capital; comparing capital expenditure techniques—payback, IRR, NPV, etc.; reappraising the project decision—some "softer" issues to consider after the numbers have been run.
- Financial accounting techniques. Understanding the three primary financial statements—income statement, balance sheet and cash flow statement; distinguishing between reported profit and cash flow; analyzing published oil and gas company annual reports; reporting the results of oil and gas firms—full-cost vs. successful-effort vs. standardized-measure data required by the SEC.
- Financial planning and forecasting. Planning the firm's sustainable growth; estimating future financing needs based on pro-forma statements and other projections; making short-term vs. long-term financing decisions; planning for growth or decline.
- Measuring performance. Measuring the performance of business units and individual managers; interaction between measurement systems and company strategy; evaluating performance in times of uncertainty.
- Performance management. Aligning incentive compensation and strategy; designing incentive plans based on economic-value-added principles; the balanced-scorecard approach.
- Financing large energy projects. Comparing project financing to internal financing; creating value by efficiently allocating risk; understanding how capital markets evaluate risk and return in infrastructure projects; assessing bond rating process.
- Financial engineering. Demystifying derivatives; understanding forwards, futures, swaps and options; weighing the benefits and risks of hedging programs.
Who Should Attend:
- Mid-senior level non-financial managers wishing to achieve financial literacy in an energy-industry setting.
- Financial managers wishing to sharpen their skills, broaden their base of knowledge and relate their functional skills to a broader, general management context.
- Typical participants have more than five years of management experience, range in age from mid-30s to early 50s and work for oil and gas firms or for firms in related energy industries, including pipeline companies, service and supply organizations, government agencies and financial institutions.
- Gain a working knowledge of key financial techniques, practices, terminology and controversies.
- Learn essential financial concepts to strengthen your management skills—in a concentrated setting away from the workplace.
- Participate in stimulating classroom case discussions on relevant oil and gas industry topics.
- Learn how other companies have implemented successful financial strategies.
- Prepare yourself to make better financial and operating decisions—and master a better decision-making framework.
- Acquire techniques for assessing the performance of your subordinates, your division, or your company.
- Study and develop concepts and techniques you can apply to your job immediately.
- Prepare yourself for advancement to a more senior management role in your company.
Dates and LocationsPlease visit our API-U Calendar for all upcoming courses.
Format: Five days, 8 a.m. – 5 p.m.
Cost: $6,350, includes materials; breakfasts, lunches, breaks; one group dinner. Join a colleague and attend for the price of one. Contact John Skinner at 214.768.7676 for further assistance in registering for the special discounted price.
Participants are responsible for their own lodging.
for a list of recommended hotels close to campus. Click here
About the Instructor(s)
Michael R. Vetsuypens, Ph.D., professor of finance, teaches corporate finance and international finance in the undergraduate program, MBA program and executive MBA program. Vetsuypens’ research interests include leveraged buyouts, investment banking, the venture capital market, initial public offerings and CEO compensation. His studies has been published in the leading finance journals and presented at numerous professional finance conferences. A native of Brussels, Belgium, Vetsuypens speaks several languages. He has taught managers in the U.S., Europe, Japan, the Middle East and Latin America. His corporate executive education clients include ConocoPhillips, Anadarko, Valero Energy, Texas Instruments, PdVSA, Saudi Aramco and others. During his tenure at Cox, Vetsuypens has received numerous awards for excellence in teaching, research and community service. He holds a master’s degree and a doctor of philosophy degree in business administration from the University of Rochester and was selected as a Fulbright Fellow.
Hemang Desai, Ph.D., 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.
Michael L. Davis, Ph.D., is a senior lecturer of economics and finance in the Cox School of Business at Southern Methodist University. He teaches at both the undergraduate and graduate levels. Dr. Davis has written articles focusing on finance and economic theory in the worlds of business, politics and law. Dr. Davis’ works have been published in Managerial and Decision Economics, Public Choice, and the Journal of Law Economics and Organization. In 1992 he received the Duncan Black Prize for the best paper in Public Choice. Dr. Davis received his B.S. Degree from the University of Missouri in Columbia and his Ph.D. in Economics from Southern Methodist University.
Amar Gande, Ph.D., is an Associate Professor of Finance at the SMU Cox School of Business, where he joined the faculty in 2006. Dr. Gande previously taught at Vanderbilt University. He holds a Ph.D. in Finance from New York University. His teaching and research interests are in financial institutions, corporate finance and international finance. Dr. Gande has received multiple awards for his research. His research has been published in premier finance and economics journals, such as the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, the Journal of Financial and Quantitative Analysis, and the Journal of International Business Studies. He also serves on the editorial review board of the Journal of International Business Studies. On the teaching front, Dr. Gande received the Eugene T. Byrne Endowed Faculty Innovation Award for 2008-2009 for demonstrating innovation in teaching at the SMU Cox School of Business, and was awarded the James A. Webb Jr. Award for excellence in teaching at Vanderbilt University from the graduating MBA classes in 2003 and in 2001. Prior to his Ph.D., Dr. Gande worked in Citibank in the areas of Corporate Banking and International Trade Finance, primarily in India. He also holds an M.B.A. from the Indian Institute of Management (IIM) Calcutta, and a B.Tech. in Mechanical Engineering from the Indian Institute of Technology (IIT) Madras (India).
For More Information
Phone 1: 214-768-3335
Phone 2: 214-768-7676
Toll Free: 800-768-6699 (USA)