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Financial Management 4/64

For highly-efficient business professionals, investors and ambitious students




Become an absolute expert in all facets of financial management

using a top-notch online educational framework
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Learn more
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Financial management

You want to become an absolute expert in all facets of financial management? At Financial Management 4/64, we cover all relevant aspects of financial management for business professionals, investors and ambitious students. This includes financial accounting, financial statement analysis, financial planning, management accounting, financial calculations, corporate finance, equity valuation and strategic financial management decisions. These courses in financial management are complemented by two courses aimed specifically at investors, Investing with Austrian Insights and Planned Chaos.

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4/64

By applying the Pareto principle of conveying key concepts and insights (“64”) within each of the aforementioned areas in a relatively short time (“4”), we quickly set you on the path to a deep understanding of the subject matter and the practical application of the concepts and insights. All financial management courses are integrated into a highly efficient educational platform.

Our Courses

Financial Management 4/64 offers the following financial management courses. We aim to convey key concepts and insights in each of these areas in approximately 12 to 16 class hours, supported by an excellent educational platform, both in terms of theory and exercises. Our courses are usually held twice a year, in late June and late January. Final exams are also provided. Are you interested in taking your knowledge and skills in these areas to the next level? Consequently, please email us for additional information.

Financial Accounting

Financial Statement Analysis: A Quality Driven Approach

Introductory to intermediate level

The Financial Accounting course is divided into four parts. In the introductory section, we discuss the conceptual framework underlying financial accounting and the fundamental accounting equation with the resulting accounting entries. The three main financial statements - the income statement, balance sheet and cash flow statement - are introduced. The second part discusses the company's assets. The third section focuses on liabilities and equity. In the fourth section, we provide an in-depth discussion of the cash flow statemen. After this course, you will have a thorough understanding of the above aspects and be ready to make the leap to other courses, including Financial Statement Analysis: A Quality Driven Approach and Management Accounting: A Strategic Approach.

Intermediate level

The course Financial Statement Analysis: A Quality Driven Approach consists of three parts. First, a general framework for financial statement analysis is introduced. Second, we illustrate various decompositions of returns realized by shareholders using ratio analysis. On this basis, we gain an understanding of the (drivers of) corporate performance from various perspectives. The third part introduces the concept of accounting quality and analyzes the quality of the income statement, the balance sheet and the cash flow statement. In particular, we discuss the relationship between income statement quality and cash flow statement quality and how cash flow-based ratios should be interpreted.

Managerial Accounting: A Strategic Approach

Intermediate level

The lessons on Managerial Accounting consist of four major parts. In the first part, we introduce the strategic approach to managerial accounting and cover the relevant concepts of managerial accounting systems. We then show how the information produced by these systems can be used strategically to support management's planning and decision-making process. In the last two sections, we focus on evaluating managers' performance, being operational controls and management controls. The essence of these controls is a comparison of actual performance with budgeted performance.

Financial Computations: An introduction to valuation

Introductory to intermediate level

Before starting the Corporate Finance and Security Valuation courses, you should have a thorough mastery of financial calculations. This course introduces you to concepts such as present value, future value, (growing) annuities and perpetuities, and how these concepts and formulas can be used to value stocks, bonds and investment projects. For bonds, the concepts of duration, term structure of interest rates and default risk are discussed. For equities, we provide a look at three valuation models: the dividend discount model, the discounted cash flow model and the residual income model.

Corporate Finance

Intermediate level

After a thorough mastery of financial calculations, we take the step toward corporate finance. This course consists of two major parts, investment project analysis on the one hand and financing decisions on the other. As part of the analysis of investment projects, we highlight a realistic and comprehensive example of a capital investment analysis. This integrates sensitivity and scenario analyses, among other analyses. Within the financing decisions section, we discuss a wide range of financing options. We analyze the impact of these decisions on the company's capital structure and the valuation of investment projects.

Security Valuation

Intermediate level

In a first step of Security Valuation, we look at how the company's operational, investment and financing activities are reflected in the accounting statements. In this way, we gain a thorough understanding of the relationship between the company's business activities and the numbers. We then develop a forecasting framework based on which future pay-offs are predicted. The developed Excel sheet allows you to analyze and forecast the financial statements of the companies you analyze. In a third step, we comprehensively implement cash flow, profit and market-based valuation methods with concrete examples.

Financial Planning for Entrepreneurs

Introductory level

The Financial Planning for Entrepreneurs course provides an extremely practical guide to preparing a financial plan for (start-up) entrepreneurs.

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The importance of preparing the financial plan is explained and a realistic case study is used to show how the entrepreneur can prepare an income statement, a cash planning and a balance sheet for a new business or project in Excel. This uses logical thinking and avoids technical terms or domain-specific explanations as much as possible. The result is a course that focuses primarily on “being able to” and “doing".

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Once the financial plan is laid out, the main conclusions are discussed in detail. As an entrepreneur, what can you learn from the financial plan? Does the financial plan set the stage for further development of your business or does it still point out some key areas of concern?

Strategic Financial Management

Advanced level

The Strategic Financial Management course builds on the Corporate Finance course and consists of four major components

 

First, we review the main concepts in Corporate Finance and focus on the application of advanced valuation models. Several case studies are presented. In the second section, we discuss principal-agent problems and formulate an answer to the question of how to manage these problems through corporate governance mechanisms, including the ownership structure of companies and executive compensation.

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Third, we delve into advanced debt and equity management decisions, including private equity, venture capital, initial public offerings, and capital raises. Finally, we study other strategic financial management decisions, such as mergers, acquisitions and buyouts. Again, we make use of extensive case studies.

Step by step, increase your knowledge of financial management and the Austrian School of Economics by registering below or by submitting your question using the form below!

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