Fundamentals of Finance and Accounting for Non-Financial Managers

Can you demonstrate your value and ROI to your boss? Are you able to interpret financial reports and make decisions based on the data they provide? Can you draft an accurate budget? Can you justify your ideas in dollars and cents? You didn’t get to this point in your career only to be held back by weak financial skills. This program for non-financial managers makes the basics of finance accessible to anyone in matter of days.

You’ll learn how to:

 Interpret and respond appropriately to financial information; Communicate your contribution to the bottom line; Uncover drains on profitability; Make smarter decisions that deliver higher profitability. Financial skills are fundamental to any managerial position. Learn how to think finance, and you’ll expand your career opportunities. From accruals to write-offs to receivables and payables, this workshop shows non-financial managers the concepts, tools, and techniques that can help make each decision pay off.

Who Should Attend?

Non-financial managers, professionals, attorneys, manager of human resources, project managers, CEOs

Can you demonstrate your value and ROI to your boss? Are you able to interpret financial reports and make decisions based on the data they provide? Can you draft an accurate budget? Can you justify your ideas in dollars and cents?

You didn’t get to this point in your career only to be held back by weak financial skills. This program for non-financial managers makes the basics of finance accessible to anyone in a matter of days.

You’ll learn how to:

• Interpret and respond appropriately to financial information
• Communicate your contribution to the bottom line
• Uncover drains on profitability
• Make smarter decisions that deliver higher profitability
• Financial skills are fundamental to any managerial position. Learn how to think finance, and you’ll expand your career opportunities. From accruals to write-offs to receivables and payables, this workshop shows non-financial managers the concepts, tools, and techniques that can help make each decision pay off—on the job and on the bottom line.

Who Should Attend:

This program is designed for nonfinancial managers in every functional area of responsibility in all industries.

How You Will Benefit:

• Get a firm grasp of the numbers side of your job
• Gain greater confidence with a working knowledge of business financials
• Learn how to “think finance” and translate performance into financial terms
• Cultivate proactive working relationships with finance professionals and enhance your value to the organization
• Understand the business dynamics of dollars and cents—and take initiatives that meet your short- and long-term goals
• Take the guesswork out of your decision making and deliver a better bottom line
• Expand your professional expertise—and your career opportunities

Workshop Contents:

• Key finance terms: assets, liabilities, capital, depreciation, capitalization, current ratio and others
• The accounting process: journals and ledgers, how debits and credits work
• Master the mind-set: see business in terms of dollars-and-cents decision options that pay off—short- and long-term
• Basic accounting principles
• Applying accounting conventions and guidelines
• Developing working rules regarding your corporate financial statements
• Using the balance sheet to examine assets and liabilities
• Analysing the income statement to assess revenues and expenses
• The statement of cash flow: sources and uses of funds
• Content and format of the annual report
• Understanding the footnotes
• Debt vs. equity financing
• How leveraging can increase return to shareholders
• Keeping your plan on target with budgetary controls
• Using profit-planning tools, break-even analysis, financial forecasting
• Cash flow: where cash comes from and how it's applied
• Elements of cost accounting
• Analysing payback method, discounted cash flow, present value and present value index in making profitable capital investment decisions
• Criteria for examining the performance of divisions and product lines
• Understanding the cost of capital
• Outline for classroom
• Basic Accounting Concepts
• Understand the Importance of the Accounting Equation
• Understand the Significance of Generally Accepted Accounting Principles (GAAP)
• Understand the Accrual Process
• Understand the Difference Between Accounting Profit and Cash Flow
• How Accounting Works and Understanding Financial Statements
• Understand the Purpose of and Terminology Associated with the Income Statement or Profit and Loss Statement (P and L), Balance Sheet, Statement of Retained Earnings, and Cash Flow Statement
• Prepare a Simple Set of Financial Statements
• Understand the Accounting Process, from the Recording of Business Transactions to the Preparation of Financial Statements
• Understand How Various Business Transactions Affect the Financial Statements
• Reviewing an Annual Report
• Understand the Various Components of an Annual Report
• Know the Importance of Notes in Evaluating Financial Statements
• Understand the External Auditor’s Role and the Significance of the Opinion Letter
• Evaluating a Company’s Financial Statements