INCAE_Open_Programs_Finanzas_para_no_financistas
Finance for non-financiers
Summary

This program is ideal for entrepreneurs, lawyers, journalists, businessmen or executives. Precisely, it was designed to benefit professionals who by academic training or work experience have not had contact with financial concepts, techniques and tools, but because of the role they have within their companies or institutions need to master them properly.

Objectives
  • Know and master the financial language to make short, medium and long term decisions.
  • Learn to analyze and interpret financial statements, make forecasts and evaluate investments.
Benefits
  • You will achieve an appropriate command of financial language, financial statements and their importance in short, medium and long term decision making.
  • You will be prepared to apply liquidity, solvency, performance, and profitability indicators.
  • You will be able to project financial statements, determine the need or excess of cash and the payment capacity of a company, identify and analyze different short-term financing options, as well as detect the different risks associated with the company.
  • You will be able to develop long-term financial projections, apply different investment or project evaluation techniques, analyze long-term financing options and the different risks associated with investment projects in the company.
General information
DatesLocationInvestment
Edition 1February 20 to 23, 2024GuatemalaUSD $2,800
Edition 2May 1 to May 11, 2024
Live OnlineUSD $2,800
Edition 3August 14 to 24, 2024Live OnlineUSD $2,800
Academic Director
Luis Noel Alfaro Gramajo
Ph. D. Ohio State University
See more
Luis Noel Alfaro Gramajo
Ph. D. Ohio State University
Contact
luis.alfaro@incae.edu
Academic Background
  • Ph.D. - The Ohio State University
  • M.Sc - Agricultural Economics, The Ohio State University
  • M.A.E. - INCAE
Teaching in INCAE

Teaching areas

  • Accounting
  • Finance

Courses

  • Management Control Systems
  • Accounting Propaedeutic
  • Microfinance Management
  • Management Consulting Practice
  • Financial Accounting

Programs

  • Executive MBA
  • MBA

Executive Programs

biography

Guatemalan academic, consultant and businessman. Member of INCAE Business School since 1986. He has been academic director and professor in different executive training programs for the private, public and non-governmental sectors.

He specialized in the areas of Institutional Analysis, Development Finance, Microfinance and Economic and Social Development. He is a member of the Global Network of Microfinance in MBA Programs and has been a member of the Academy of Management (AOM).

He has lectured in different parts of the world including all the countries of the Central American Isthmus, USA, Brazil, Bolivia, Colombia, Chile, Ecuador, Mexico, Peru, Dominican Republic, Trinidad and Tobago, Venezuela, France, Philippines, India, Morocco, South Africa, and Uganda.

He teaches courses in the master's degree programs in the areas of Development Finance and Microfinance, Managerial Control and Finance, Entrepreneurship and New Enterprises, Introduction to Consulting, Negotiation, and Management Consulting Practice (MCP).

Work experience

Guatemalan academic, consultant and businessman. He is a Full Professor at INCAE Business School, an institution he joined in 1986 and where he has risen through the academic ranks from Assistant Researcher to Full Professor.

At INCAE Business School he teaches courses in the master's degree programs in the areas of Development Finance and Microfinance, Management Control and Finance, Entrepreneurship and New Enterprises, Introduction to Consulting, Negotiation, and Management Consulting Practice (MCP) (Field Work, an initiative of which he is Founder and Academic Director).

As founder and Academic Director of Management Consulting Practice he has had the opportunity to support more than two hundred companies in the Americas (among them Bayer Corporation in the U.S.A.; Cia. Pfizer, Grupo Gigante, Aeroméxico, and Carrier Corporation in Mexico; Grupo la Fragua in Guatemala; Grupo TACA in El Salvador; Cargill in Honduras; Corporación de Supermercados Unidos in Costa Rica; Grupo Pellas in Nicaragua; MARCIMEX in Ecuador; Bolsa de Valores, EDIFICA and MARCIMEX in Peru; and the Radisson Hotel in Bolivia) in the solution of strategic and managerial problems, through practical application work prepared under his direction and supervision by graduates of the MBA program at INCAE Business School.

Professor Alfaro has also taught courses in the areas of Quantitative Methods for Managers, Political and Environmental Analysis, Economic Development Theory, and Project Formulation and Evaluation, and has been academic director and professor in different executive training programs for the private, public and non-governmental sectors. He is Founder and Academic Director of the Program/Diploma in Senior Management of Microfinance Institutions (PAD-MIF) and the Diploma in Advanced Management in Banking and Finance for Development (PGA BFD).

He has also been a professor of the Master of Medical Management Program at Tulane University (USA) and professor of the Negotiation and Business Plan courses at the Escuela Panamericana El Zamorano (Honduras).

In 2005 he was awarded two academic distinctions at the Universidad Sergio Arboleda in Colombia:

  1. the Sergio Arboleda Pin (the highest award given by this university to an academic), and
  2. the honorary degree of Professor of that university.

Dr. Alfaro has been the Academic Champion for Microfinance in MBA Programs at INCAE Business School for the past several years. He is a member of the Global Network of Microfinance in MBA Programs and has been a member of the Academy of Management (AOM). He has lectured in different parts of the world including all the countries of the Central American Isthmus, USA, Brazil, Bolivia, Colombia, Chile, Ecuador, Mexico, Peru, Dominican Republic, Trinidad and Tobago, Venezuela, France, Philippines, India, Morocco, South Africa, and Uganda.

He obtained his Ph.D. from The Ohio State University, Columbus, Ohio, U.S.A., where he specialized in the areas of Institutional Analysis, Development Finance, and Economic and Social Development. He also received a Master of Science (M.Sc.) degree in Agricultural Economics, with a specialization in Rural Financial Markets. Previously, he studied at INCAE where he obtained a Master's degree in Business Administration (MAE), with a concentration in Agribusiness and Rural Development, and a Functional Business Administrator, with a concentration in Investment Management (Graduate with Distinction).

Frequently Asked Questions
frequently asked questions
Frequently asked questions
Learn more about the
open programs

Download the brochure of the open program you are interested in to learn more about it in detail.

Learn more about open programs
Let's talk

Contact our admissions team and schedule a consultation to resolve your doubts or receive assistance during enrollment.

Let's talk
INCAE_Application
Apply now

Select the INCAE program you most want to attend and complete the online application process.