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Finance For Non-Financial Professionals
Monday, March 5 and Tuesday, March 6, 2012
On the campus of the WHARTON SCHOOL of the UNIVERSITY OF PENNSYLVANIA, Philadelphia, PA
An ICSC Certificate Program to be held during the ICSC 2012 University of Shopping CentersDownload Event Brochure (pdf)
Are you lacking a firm grasp of finance and accounting? Do you need a closer understanding and appreciation of the numbers and the significant reports — i.e., income statements and balance sheets, cash flow, return on investment analyses, and retailers’ financials — as well as a better relationship with the people who report the numbers in your organization?
Since 1998, ICSC has presented a comprehensive seminar that will demystify finance for the non-financial shopping center professional. This year, the program has been expanded from 1˝ days to 2 days. Unlike most seminars on this topic, the ICSC course will be taught by shopping center experts on finance and accounting, who can explain in “practical terms” what you need to know about applying financial terms and principles as they relate to retail real estate.
Who Should Attend
- Asset managers, retail and REIT analysts seeking more knowledge of all methods of accounting, finance, financing techniques and the numbers that drive the business.
- Leasing agents and brokers involved in putting together, presenting, negotiating and analyzing or approving lease deals.
- Shopping center management and marketing personnel responsible for significant components of the business plan process and whose responsibility is to approve budgets or generate income through tactical implementation.
- Graduates of the Management II, Marketing II and Leasing II at the John T. Riordan School for Professional Development.
- Development officers, lawyers, operations and security managers, and other professionals with expense or income budget responsibilities needing to be updated on all areas of finance and accounting.
- All other professionals who need a jump-start or refresher in finance and accounting techniques and applications for shopping centers.
- Experienced retail real estate retailers with substantial responsibility for overseeing the real estate function of the company or active in negotiating leases with landlord representatives.
How You Will Benefit
- Understand key financial data and measurements that give you a clear picture of your shopping center’s financial position and highlight warning signs to address.
- Learn how to read, interpret, analyze and most importantly, react to financial statements and accounting reports.
- Discover how cash flow is managed using financial reports.
- Decode the terminology and learn the application, including assets, liabilities, equity, expense, 10K, 10Q, NOI, FFO, valuation and cash flow—so you can confidently interpret and talk numbers with anyone.
- Analyze potential retailers’ income statements and financials to evaluate their ability to succeed in your center and existing tenant statements to determine if rent restructuring is warranted.
- Perform financial analysis of a lease deal and see how various models using internal rates of return make deals either appealing or unpalatable.
- Learn how to sell your ideas for capital building and tenant improvements using solid numbers to back you up.
What Is Included
- An easy-to-use workbook with course outlines and handouts. Many examples to help you reinforce concepts and implement applications on-the-job.
- All PowerPoint presentations will be provided electronically for you to download and print from your computer.
Bonus Textbook to Accompany the Course Material
Finance for Shopping Center Nonfinancial Professionals: The Textbook.Your registration fee for this course also includes a book especially designed to enhance your learning of the material taught in this course. This book is likewise useful to other professionals in the shopping center industry who need to refer to, or brush up on the fundamentals of finance and accounting that is applicable to most other disciplines.
Courses Offered:
Course #FN-106
The Fundamentals of Accounting Principles
Monday, March 5, 9:00 am – 12:00 noon
Course #FN-206
The Financial Dashboard: The Business Plan and Financial Metrics
Monday, March 5, 2:00 – 5:00 pm
Course #FN-306
Financial Decision-Making: A Case Study of Choices
Tuesday, March 6, 9:00 am – 12:00 noon
Course #FN-406
The Lease: Financial Implications of the Deal
Tuesday, March 6, 2:00 – 5:00 pm
Course descriptions, faculty information, meeting details and registration information will be posted this summer.