Finance and Accounting for Non-Financial Managers Course Outline

Part 1: Understanding Financial Information

Module 1: The Balance Sheet

  • Expenses and Expenditures
  • Assets
  • Important Accounting Concepts
  • Affecting the Balance Sheet
  • Liabilities
  • 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
  • Financial Practice Review
  • Analyzing the Statement of Cash Flows

Module 4: Generally Accepted Accounting Principles

  • A Review and Update
  • The Fiscal Period
  • The Going Concern Concept
  • Historical Monetary Unit
  • Conservatism
  • Quantifiable Items or Transactions
  • Consistency
  • Full Disclosure
  • Materiality
  • Significant Accounting Issues

Module 5: The Annual Report and Other Sources of Incredibly Valuable Information

  • The Annual Report
  • Modern-Day Activists
  • The 10-K Report
  • The Proxy Statement
  • Other Sources of Information
  • The Securities and Exchange Commission

 

Part 2: Analysis of Financial Statements

Module 6: Key Financial Ratios

  • Statistical Indicators
  • Financial Ratios
  • Liquidity Ratios
  • Ratios of Working Capital Management
  • Measures of Profitability
  • Financial Leverage Ratios

Module 7: Using Return on Assets to Measure Profit Centers

  • Assets
    Revenue
  • After-Tax Cash Flow (ATCF)
  • Return on Assets: Its Components

Module 8: Overhead Allocations

  • Problems That Arise from Cost Allocation
  • What about the IRS and GAAP?
  • Effect on Profits of Different Cost Allocation Issues

 

Part 3: Decision Making for Improved Profitability

Module 9: Analysis of Business Profitability

  • Fixed Costs
  • Variable Costs
  • Development of Fixed-Cost Estimates
  • Development of Variable-Cost Estimates
  • Breakeven Calculation
  • Variance Analysis

Module 10: Return on Investment

  • What Is Analyzed?
  • Why Are These Opportunities Analyzed So Extensively?
  • Discounted Cash Flow
  • Present Value
  • Discounted Cash Flow Measures
  • Risk
  • Capital Expenditure Defined
  • The Cash Flow Forecast
  • Characteristics of a Quality Forecast
  • Establishing the ROI Target
  • Analytical Simulations
  • Comprehensive Case Study

 

Part 4: Additional Financial Information

Module 11: Financing the Business

  • Debt
  • Equity
  • Some Guidance on Borrowing Money

Module 12: Business Planning and the Budget

  • S.W.O.T. Analysis
  • Planning
  • Significant Planning Guidelines and Policies
  • Some Additional Issues
  • A Guide to Better Budgets
  • Preparation of the Budget