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Finance is less about profits and more about value


Themes: Finance

Finance is less about profits and more about valueCambridge Judge Business School’s Executive Education programme, the Financial Management Programme of Achievement, targets those switching into financial positions or those who’ve already made the transition.

It comes with the ‘health warning’ from its creator Professor Raghavendra Rau, Sir Evelyn de Rothschild Professor of Finance at Cambridge Judge Business School, that finance is not about profits.

“Finance is not concerned with profits and that is a huge misconception which people talk about when they say firms end up maximising profits, people lose, shareholders lose, everybody. It’s actually nothing to do with profits. It’s something to do with value.”

Professor Rau says the programme explores finance from different perspectives and is aimed at newcomers to financial positions and those with a little more experience.

His aim: “To advance their confidence and indeed their competence in the concepts underpinning decisions made by investors and corporate managers.”

The Programme of Achievement is achieved by completion of four of the seven two-day modules available, and executives must complete these over a two-year period.