Industry
Financial Decision Making for Value Creation
- Ithaca, New York, U.S.A. (July 1 - 3, 2010) - Course Cost US$1,895
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Course Focus
This course examines an important trend in today’s competitive hospitality climate - the emphasis on creating and enhancing the wealth of firm owners. Participants will actively explore three essential components of this trend: investing, financing, and the interrelationships between financial strategy and the overall strategic mission of hospitality firms. The format utilizes a combination of highly-interactive lectures and real-world case discussions
Key Benefits
Participants gain the analytic tools and techniques necessary for the successful implementation of their financial strategies and acquire a direct understanding of how effectively-defined financial- strategy decisions contribute to lasting value for hospitality operators and owners.
Topics include:
- Coping with difficult financial times
- Understanding and using the right valuation techniques:
- - Comparable multiple analysis
- - Comparable transactions analysis
- - Discounted cash flow analysis
- Capturing relevant risks in project hurdle rates
- Learning how to finance projects optimally:
- - Debt versus equity
- - Short-term versus long-term debt
- - Fixed-rate versus floating-rate debt
- - Straight versus convertible debt
Faculty
- Scott Gibson, Ph.D., Associate Professor, The College of William & Mary School of Business: Ithaca, New York, U.S.A., (July 1 - 3, 2010)
Level 
* The prerequisite for this course is "Thinking Like a Financial Manager" (offered in Ithaca June 28 – 30) or its online equivalent, Thinking Like a Financial Manager.



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