Sunday, March 22, 2009

Financial class

Finance is one of the core courses for IMD MBA student. For me, undoubtedly, our professor Jim taught us a lot in the last 8 sessions. From the basic knowledge about project evaluation(NPV, IRR) to more advanced company profitability evaluation(ROIC, ROA, ROE etc), I really enjoyed his step by step knowledge instillation. Different from other courses which highly depend on cases, finance class uses more annual reports from companies in real world. Together what I learnt from Steward's management accounting courses, I found all the knowledge could be describe in following beautiful follower (it makes me recall Ralf's 5 forces follower). You know, it is so amazing to find that all those knowledge is applicable in real work and that we could use all those boring formulas to analyze companies.
But loving and insteresting is not enough, the most important is that you could learn from professors. Exams are coming, and it is a good way to check my learning. After that, we still have a long way to trek before BB2 comes... Just enjoy learning even it is not enjoyable.


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