Accounting, finance & control

'Financial decision-making is central theme of MiF'

By Frans de Roon | March 12, 2018 | 2 min read

‘Financial products and business processes often contain financial risks that one does not immediately recognize. It is important to be able to judge these risks properly, and you learn that in the Master in Finance,’ says Prof. Dr. Frans de Roon, the program's Academic Director. An interview.

‘Participants in the Master in Finance come from financial institutions – after all it is important to have a good foundation in your own profession – and from non-financial institutions. In the latter case, it is important as a company to have people who are able to take good, well-founded decisions. Financial decision-making forms the common theme during the program.

Our program offers you the latest academic insights in the field of finance, supplemented with strategy, innovation, governance and accounting. The application on your daily practice takes central place. The program can be completed in a little over a year, with an attractive arrangement of three days of lectures once a month, supplemented with e-learning. This is an attractive way for people to deepen or supplement their knowledge and for taking a career step.’

How does a Master in Finance participant develop?  
‘During the program, talented financial experts develop into indispensable business partners for their senior management. They have obtained more deepening and have become better discussion partners, with more self-confidence. 

What is your personal contribution to the Master in Finance?

‘The subjects as they now stand and the choice of topics. A lot of attention is paid to the module risk management, which you see particularly reflected in two subjects: Risk Management and Advanced Corporate Finance. The latter is also an alternative method of looking at projects. If you want to take a financial decision, then that often seems to be a ‘yes or no’ decision. In Advanced Corporate Finance, we focus attention on the fact that you can financially subdivide a lot of projects into phases and you have the flexibility of starting small and of growing later on if you know how things are organized. Learn to recognize flexibility and take account of that in your decisions. You also learn what value you create when you take a financial decision. We think bottom-up in this respect. Consider a profit and loss statement, whereby a company is often evaluated based on the cash flow. People tend to look at the risk of that cash flow. Instead of that, we look at the turnover and the cost structure. The cash flow risk follows from that. 

What is your personal motivation for doing this work?

I like to help people take another step. You notice how people start, and how they grow during the program. It is a beautiful process to see participants suddenly cottoning on and saying ‘O yes!’ That they comprehend concepts afterwards that they did not know before.’

Executive Master in Finance

Our Master in Finance program provides you with broad financial expertise and knowledge. It will help you acquire the analytical tools and skills needed to make sound financial judgments. Become a finance professional, strategically adept at plotting a sustainable and responsible course for a healthy and prosperous company future.

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