Accounting & Finance
This course provides an introduction to key topics in accounting and finance for those involved in new ventures. It reviews financial accounting basics, describes what financial statements and accounting forecasts are commonly needed and covers key issues in finance, broadly defined as any financial or monetary activity that involves a company. It also describes various sources of potential funding, including the pros and cons of each option. Startups will develop an appreciation for how business decisions and economic events effect the financial performance of an organization. They will learn how to create, understand and analyse financial reports. They will be introduced to the concept of time value of money and financial planning techniques including cash flow analysis, capital budgeting and forecasting. In addition, startups will learn about raising capital, different avenues to take, and the terms and techniques used in funding negotiations.
Course Outline
Session 1: Introduction to the Universe of Finance
Session 2: Understanding Financial Statements I
Session 3: Understanding Financial Statements II
Session 4: Cash Flow Analysis
Session 5: Time Value of Money
Session 6: Discounted Cash Flow Analysis
Session 7: Valuation Basics
Session 8: Capital Budgeting: What to Invest.
Session 9: Risk and Returns – cost of capital
Session 10: Fundraising – tools and techniques
Instructors
Dr Syed Aun Raza Rizvi
Dr Syed Aun R. Rizvi is an Associate Professor of Finance at LUMS. He is also a faculty member at the Rausing Executive Development Center (REDC) at LUMS where he trains companies with analytical techniques, helping them understand financial markets and their role in raising capital. Dr Aun Rizvi holds a PhD in Islamic Finance from INCEIF, Malaysia.
Dr Omair Haroon
Dr Omair Haroon is an Assistant Professor at LUMS and also a faculty member at the Rausing Executive Development Center (REDC) where he has led several trainings centred around delivering essential concepts for financial analysis, interpreting financial statements and understanding financial implications. Dr Haroon holds a PhD in Accounting from The Hong Kong Polytechnic University. He is also a certified Chartered Accountant from the Institute of Chartered Accountants of Pakistan.