Indiana UniversityX420 SCOOP Session Presentation

Indiana UniversityX420 SCOOP Session Presentation

Cindy Brigham-AlthoffJanuary 27, 2004

Cindy Brigham-AlthoffJanuary 27, 2004

Presenter’s BackgroundPresenter’s Background

Cindy Brigham-Althoff– 2001- Baxter Summer Intern in BioScience NA– May 2002- Graduated IU majoring in Finance and Legal

Studies– May 2002- 1st FDP rotation in Medication Delivery

Services– February 2003- 2nd rotation in Renal Global Finance– November 2003- 3rd rotation in Supply Chain /

Purchasing and Supplier Management

Cindy Brigham-Althoff– 2001- Baxter Summer Intern in BioScience NA– May 2002- Graduated IU majoring in Finance and Legal

Studies– May 2002- 1st FDP rotation in Medication Delivery

Services– February 2003- 2nd rotation in Renal Global Finance– November 2003- 3rd rotation in Supply Chain /

Purchasing and Supplier Management

Company Overview

FDP Program

Career Opportunities

Baxter InternationalBaxter International

Baxter VisionBaxter VisionBaxter VisionBaxter Vision

Every day, Baxter products and services help treat

thousands of people around the world with cancer, kidney

failure, hemophilia, immune deficiencies, infectious diseases

and other serious health conditions

Every day, Baxter products and services help treat

thousands of people around the world with cancer, kidney

failure, hemophilia, immune deficiencies, infectious diseases

and other serious health conditions

To be the global leader in providing critical therapies for

people with life-threatening conditions

Gammagard Patient – JoJo National Traveling Team-Soccer

Gammagard Patient – JoJo National Traveling Team-Soccer

Strategies to accelerate growth:– Technological Innovation– Global Expansion– Aging Population

Strategies to accelerate growth:– Technological Innovation– Global Expansion– Aging Population

Baxter OverviewBaxter Overview

RenalMedication Delivery

BioScience

$9 billion global market leader Balanced and complementary global business portfolio

leveraging scientific and technological capabilities

$9 billion global market leader Balanced and complementary global business portfolio

leveraging scientific and technological capabilities

Financial Development ProgramFinancial Development Program

"I believe this program is invaluable. FDP Associates are not only exposed to various functional areas, but also to International business issues. Completing a series of nine month assignments over a three-year period provides Associates with a breadth of unique experiences.”

Brian AndersonSr. Vice President Finance & Chief Financial Officer

Financial Development ProgramProgram Structure

Financial Development ProgramProgram Structure

Four rotations, approximately nine months each

Functional skills are developed through technical training and on-the-job training in different finance disciplines

Both domestic and international rotational assignments are available. Approximately 25-40% of the rotations are international:

EUROPE: Austria, Belgium, England, France, Germany, Ireland, Italy, Spain, Sweden, and Switzerland.

LATIN AMERICA: Mexico, Argentina, Brazil, and Puerto Rico

ASIA / OTHER: Canada, Japan, and Australia

International OpportunitiesInternational Opportunities

Current International Rotations / IU Alums– Austria (Rob Cox ‘98, Ryan Freking ’98)– Belgium (Talha Ashraf ’97, Brian Westphal ’98)– Ireland (Anusha Venkatachalam ’01, Henrik Wahlberg

’01, Janelle Mills ’97)– France (Damian Peoples ’99)– England (Laurence Nibur ’97)– Australia (Anusha Venkatachalam ’01, Amber Tharp ‘99)– Switzerland (Ben Reed ’01, Marcus Lutteman ’02)– Sweden (Henrik Wahlberg ’01)

Current International Rotations / IU Alums– Austria (Rob Cox ‘98, Ryan Freking ’98)– Belgium (Talha Ashraf ’97, Brian Westphal ’98)– Ireland (Anusha Venkatachalam ’01, Henrik Wahlberg

’01, Janelle Mills ’97)– France (Damian Peoples ’99)– England (Laurence Nibur ’97)– Australia (Anusha Venkatachalam ’01, Amber Tharp ‘99)– Switzerland (Ben Reed ’01, Marcus Lutteman ’02)– Sweden (Henrik Wahlberg ’01)

Financial Development ProgramTypical Assignments

Financial Development ProgramTypical Assignments

Financial Planning and Analysis Corporate Audit International Finance Corporate Tax Financial Information Systems Manufacturing Finance Financial Reporting

Financial Planning and Analysis Corporate Audit International Finance Corporate Tax Financial Information Systems Manufacturing Finance Financial Reporting

Life After the FDPRecent Grads

Where are they now?

Life After the FDPRecent Grads

Where are they now?

Henrik WahlbergFDP Grad Nov 2003

Janelle MillsFDP Grad June 1999

Talha AshrafFDP Grad June 1999

Sr. Financial AnalystGlobal Drug Delivery

Finance

Sr. Business AnalystBioScience Europe

Switzerland

Sr. Finance MgrBioScience

North America

                

Financial Development ProgramThe Ideal Candidate...

Financial Development ProgramThe Ideal Candidate...

Accounting or Finance undergraduate major

15 hours of accounting coursework Record of academic excellence Strong interpersonal skills Team player Willing to relocate for rotations

Accounting or Finance undergraduate major

15 hours of accounting coursework Record of academic excellence Strong interpersonal skills Team player Willing to relocate for rotations

Financial Development ProgramRecruitment Timeline

Financial Development ProgramRecruitment Timeline

Intern Interviews-

1st & 2nd Rounds

Undergrad Career Svcs

February 19th & 20th

Pre-night IMU Faculty Club

October 20th

Full Time Interviews-

1st & 2nd Rounds

Undergrad Career Svcs

October 21st & 22nd

Start Program

(Dates Tentative)

May 10th - Interns

Jan 05- December Graduate

June 05- May Graduate

Corporate Finance Questions Corporate Finance Questions 1. Would an increase in inventory be considered a cash inflow or

outflow?

2. Which janitorial services supplier would a company prefer to utilize, all else being equal:

a) ABC, Co. with a Current ratio of 0.8b) HIJ, Inc. with a Current ratio of 1.5c) XYZ, Co. with a Current ratio of 0.5

3. Which of the following, when corrected, would result in a favorable impact to the P&L:

a) Overstatement of accrued liabilities accountb) Overstatement of revenue accountc) Understatement of accrued liabilities account

1. Would an increase in inventory be considered a cash inflow or outflow?

2. Which janitorial services supplier would a company prefer to utilize, all else being equal:

a) ABC, Co. with a Current ratio of 0.8b) HIJ, Inc. with a Current ratio of 1.5c) XYZ, Co. with a Current ratio of 0.5

3. Which of the following, when corrected, would result in a favorable impact to the P&L:

a) Overstatement of accrued liabilities accountb) Overstatement of revenue accountc) Understatement of accrued liabilities account