Demystifying Finance in Life Sciences
Management skills are critical in the life sciences industry. Discover how understanding and applying key financial concepts can help you become a great decision maker—one of the keys to being a successful leader.
This comprehensive, professional development program is designed for life sciences professionals in business development, marketing, operations, sales, and other nonfinancial positions. It will give you an in-depth perspective on the power of financial knowledge, and increase your leadership and decision-making skills.
Specifically, you will gain a deeper understanding of the following key financial concepts particular to life sciences. Additionally, you will learn how to apply them for your own professional development.
- Financial Statements and Performance
- Gain an understanding of financial essentials
- Learn how to evaluate financial statements
- Learn key performance indicators
- Valuation and Value Drivers for Life Sciences
- Introduction to valuation
- Discounted cash flow
- Multiples of earnings, revenue, and cash flow value drivers in life sciences
- Project Investments and Returns in Life Sciences
- Decision criteria: net present value and internal rate of return
- Projecting project investments and cash flows
- Dealing with uncertainty
- Ranking projects and capital rationing
The educator for this program is Jack Alexander.
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