Training Seminar Provider: Short Course, Workshop, Public Training and In-house Training: Fundamentals of Finance and Accounting for Nonfinancial Managers

Fundamentals of Finance and Accounting for Nonfinancial Managers

Don’t let fear of finance set you back!

Finance...for nonfinancial managers. It’s a topic you must understand—especially during challenging economic times when financial acumen is expected at every organizational level. You’ve got to know how to justify a request, quantify your contributions to the company and spot profit drains immediately. Because whether you're a wizard of finance or a nonfinancial manager, performance is measured the same way—in dollars and cents!

Offering an accessible overview of finance for nonfinancial managers, this seminar features exactly what you need to further your career and build your future. From accruals to write-offs to receivables and payables, this workshop shows nonfinancial managers the concepts, tools and techniques that can help make each decision pay off—on the job and on the bottom line.

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

What You Will Cover

Key finance terms: assets, liabilities, capital, depreciation, capitalization, current ratio and others
The accounting process: journals and ledgers, how debits and credits work
Mastering 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
Analyzing 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
Analyzing 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

Who Should Attend

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

Note: Please bring a calculator and a copy of your annual report (if available).

Extended Seminar Description

Learning Objectives

Make Better Bottom-Line Decisions with a Working Knowledge of the Numbers End of Business
Gain a New Sense of Confidence When Dealing with Financial Professionals
Expand Your Professional Expertise...Add Value to Your Future Career
Understand the Business Dynamics of Dollars and Cents—and Take Initiatives That Optimize Results in Line with Short- and Long-term Goals
Take the Guesswork Out of Your Decision Making and Deliver the Results You Need
Cultivate Proactive Working Relationships with Financial Professionals and Enhance Your Value to the Organization
Learn How to "Think Finance" and Translate Various Measures of Performance into Financial Terms

Basic Accounting Concepts

The Importance of the Accounting Equation
The Significance of Generally Accepted Accounting Principles (GAAP)
The Accrual Process
The Difference Between Accounting Profit and Cash Flow

Understanding Financial Statements

Understand the Purpose of and Terminology Associated with the Following Financial Statements:
- Income Statement or Profit and Loss Statement (P&L)
- Balance Sheet
- Statement of Retained Earnings
- Cash Flow Statement
Prepare a Set of Simple 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

Various Components of an Annual Report
Importance of Notes in Evaluating Financial Statements
External Auditor’s Role and the Significance of the Opinion Letter

Evaluating a Company’s Financial Statements

Calculate the Key Financial Ratios Using the Financial Statements
Use Financial Ratios to Evaluate:
- An Organization’s Liquidity, Leverage and Profitability
- The Performance of an Organization as Compared to Its Competitors’
- An Organization’s Performance Compared with Budgeted Goals
Identify Sources of Financial Information beyond the Financial Statements
Use the Dupont Formula to Evaluate Management Performance
Use the Concept of Economic Value Added (EVA^(R)) and Cash Flow Return on Investment (CFROI) to Determine if a Segment of an Organization Is Adding Value to the Business

Improving Profitability through Cost Analysis and Profit Planning

Differentiate between Fixed and Variable Costs
Help Your Organization Improve Profitability through the Use Of:
- Break-even Analysis
- Contribution Margin Analysis
- Direct Costing in Appropriate Situations
Understand Traditional Cost Accounting and Its Limitations
Understand the Relevance of Activity-Based Costing in Today’s Business Environment

Capital Expenditure Analysis

Distinguish between Capital Expenditure Budgets and Operating Budgets and Understand the Function of the Capital Budget
Understand Why Cash Has a Time Value
Recognize and Apply Different Methods of Evaluating Capital Expenditure and Monitoring Project Performance

Budgeting More Effectively

Understand the Role of Budgeting and Issues That Budgets Can Solve
Understand the Budgeting Process
Identify Different Types of Budgeting Systems in Use Today
Analyze Budgets for Different Purposes
Recognize and Apply Different Methods of Evaluating and Monitoring Operating Performance

Training Course Seminar Workshop Provider

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