Learn the financial information provided by accountants and how to analyze that information to make informed decisions for improved profitability in the Finance and Accounting for Non-Financial Managers course.
Finance and Accounting for Non-Financial Managers Course
- Receive training from a management professional with 30+ years of experience.
- Four ways to learn: public class, webinar, self-study, or on-site training.
- Public class and webinar limited to four students for maximum learning.
- Certificate issued on completion.
- Cost: Three-day class $1999.00.
- Available discounts and grants.
Finance and Accounting for Non-Financial Managers Course Description
In the current environment of cut-throat competition, razor-thin profit margins, and increasing scrutiny from stakeholders, mastering the fundamentals of financial management is a must for everyone with a stake in their company and in their own professional futures. The course provides step-by-step examples and illustrative case studies to reflect the latest trends in the economy and in financial policy, this course is a nuts-and-bolts guide for managers, entrepreneurs, seasoned executives, teachers, and students alike.
Featuring discussions on corporate accountability, interactive templates, and study questions, this course covers all the key aspects of financial management.
Part 1: Understanding Financial Information, Modules 1 through 5
In Part 1, you are given detailed information about each of the financial statements and its components. A complete understanding
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Finance and Accounting for Non-Financial Managers Course Outline
Part 1: Understanding Financial Information
Module 1: The Balance Sheet
- Expenses and Expenditures
- Important Accounting Concepts
- Affecting the Balance Sheet
- Stockholders’ Equity
- Total Liabilities and Stockholders’ Equity
- Additional Balance Sheet Information
- Analysis of the Balance Sheet
Module 2: The Income Statement
- Analysis of the Income Statement
Module 3: The Statement of Cash Flows
- Sources of Funds
- Uses of Funds
- Statement of Cash Flows
Finance and Accounting for Non-Financial Managers Course Public Class and Webinar Schedule
- Wed., Thurs., and Fri., January 10 – 12, 2024 Full
- Wed., Thurs., and Fri., January 17 – 19, 2024 Full
- Wed., Thurs., and Fri., January 31 – February 2, 2024
- Wed., Thurs., and Fri., February 7 – 9, 2024 Full
- Wed., Thurs., and Fri., March 6 – 8, 2024
- Wed., Thurs., and Fri., April 3 – 5, 2024
- Wed., Thurs., and Fri., May 1 – 3, 2024
- Wed., Thurs., and Fri., June 5 – 7, 2024
Scheduled dates don’t work for you? Schedule your own start date (subject to availability). Contact customer service to check date availability at info@academyofbusiness
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of this information and how it is developed is essential for the intelligent use of financial statements.
The financial statements that are discussed in Part 1 are:
- The balance sheet
- The income statement
- The statement of cash flows
Each statement is described, item by item. The discussion explains where the numbers belong and what they mean. The entire structure of each financial statement will be described so that you will be able to understand how the financial statements interrelate and what information each of them conveys.
Part 1 also contains a Module on how to read and understand an annual report. The benefits of doing so are numerous. They include:
- Understanding the reporting responsibilities of a public company
- Further understanding the accounting process
- Identifying and using information about competitors that is in the public domain
Managers always ask for more information about what they should look for as they read the financial statements. Along with a line-by-line explanation of each financial statement component, they now include a preliminary analysis of the story that the numbers are telling. The book answers the questions for most of the numbers: What business conclusions can I reach by reading these financial statements? What key “red flags” should jump out at me?
Each of these red flags is identified:
- Questions you should ask the financial staff
- the key issues and action items that need to be addressed are discussed and serve as an analytical bridge between reading the financial statements and the more comprehensive analysis of the numbers in Module 6, Key Financial Ratios.
Part 2: Analysis of Financial Statements, Modules 6 through 8
Part 2 focuses on the many valuable analyses that can be performed using the information that was learned in Part 1. Business management activities can essentially be divided into two basic categories:
- Measuring performance
- Making decisions
Modules 6 through 8 explain how to measure and evaluate the company’s performance, its strategic business units, and even its products.
Financial ratios and statistical metrics are very dynamic tools. This section has been updated and enhanced to include analyses that will help the businessperson survive in our more complex economic environment. Technology has changed the way we do business. This section includes discussions of the customer interface, supply-chain management, global sourcing, and financial measurement and controls.
Now that we have learned how to read and understand financial statements, we can also understand how they are prepared and what they mean. Part 2 identifies management tools that can help us use the information in financial statements to analyze the company’s performance. The ratios that will be covered describe the company’s:
- Working capital management
- Financial leverage (debt)
- Profitability and performance
Financial turmoil from 2007 to 2010 has resulted in the loss of millions of jobs in the United States. Most of these jobs will not return to their previous form. Companies are focusing on measuring how much business revenue they can achieve with a minimal increase in the number of employees.
With the support of technology and improving business models, revenue per employee is becoming a key metric of a company’s effectiveness and its ability to compete and achieve.
Part 3, Decision Making for Improved Profitability, Chapters 9 and 10
Part 3 discusses the key financial analysis techniques that managers can use to make decisions about every aspect of their business. Financial analysis provides valuable tools for decision-making. However, managers must still make the decisions.
Part 3 also explores and analyzes fixed-cost versus variable-cost issues within the context of strategic planning. These include:
- Supply-chain management
- New product strategy
- Marketing strategy
- Product mix and growth strategies
Measuring the performance of profit centers is no longer a growing trend. It is now a necessary business practice and true of investment decision-making based upon cash flow forecasting techniques. The financial benefits of success are too valuable, and the financial penalties for failure are too severe for companies to make decisions without extensively examining each proposal’s cash flow issues. Part 3 explains the technique called discounted cash flow. Several measures are using this technique to determine the cash flow impact of proposed investment decisions:
- Internal rate of return
- Net present value
- Profitability index
The types of investments that are covered in this discussion are:
- Capital expenditures
- Research and development
- Acquiring other companies
Part 4: Additional Financial Information, Modules 11 through 13
Part 4 describes additional financial information that will benefit the businessperson in considerable detail. It includes discussions of the planning process and the budget and why they are so important. It also covers the many ways in which the company may obtain financing. While this is not a direct responsibility of most management team members, knowledge of debt and equity markets and sources of corporate financing will be very beneficial for the business manager.