Yesterday was the first day of Managerial Finance.  After a well-deserved week off, we’re back at it with a topic I dread.  I have worked for a while to get my mind in a position where I can appreciate what I will learn.  It will not be easy, but I’m ready for it.

The first week consists of some really interesting reading assignments.  Luckily there are no written assignments.  This first week is a foundation for what will follow. First, we're focusing on the goal of the firm, followed by a review of the legal forms of business organization.  Ten principles that form the foundations of financial management then follow.

Next, we're studying the market environment in which long-term capital is raised. Finally, we'll tackle the underlying rationale for the existence of security markets, investment banking services, private placements, and security market regulation.  Good stuff!

One good thing about the cohort program is that not only are some of my team from my last class enrolled in this current class, but others are as well.  This provides a level of comfort, as you know how certain people work and think.  At the same time, we’re getting fresh ideas from people we have not worked with yet.  It seems that I am able to point out something very positive about Norwich in every post I make.  This is no exception.

Once we actually get into cash flows and other terminology associated with finance, I am sure I’ll be bogged down with information overload.  But things like that build character (or so I am told).  We’ll see how much character I have when it’s all said and done.

Wish me luck.