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Executive Education- General and Financial Management
- Better Decision Making with Financial Tools
Better Decision Making with Financial Tools and Metrics
In this course, you will learn about financial tools and performance metrics that are essential for good decision making. The objective is to help you use these tools to improve the quality and reliability of your business decisions.
Note: this course is a follow-up to Fundamentals of Finance and Accounting for Non-Financial Managers. It assumes previous familiarity with Cost Volume Profit Analysis, Time Value of Money and Net Present Value Analysis.
This course qualifies towards the following certificate(s):
- Strategic Leadership
- Executive General Management
- Executive Development
- Management Excellence
Takeaways
Attending this course will enable you to:
- understand various metrics that will help make your organization more profitable
- comprehend your organization's cost structure and make more relevant costing decisions
- integrate historical financial data into future-oriented decisions
- fuse the quantitative and qualitative aspects of your decisions
- develop financial decision making tools and processes
- gain familiarity with different types of budgets, their uses and limitations
- understand and implement managerial accounting terminology
Course Content
- Review of the time value of money
- Budgeting: traditional types and their functions, creating an operating budget, applying sensitivity analysis, budgeting alternatives
- Overview of zero-based budgeting and an introduction to the Balanced Scorecard
- Economic value added
- Activity based costing and activity based management
- Growth decisions: adding, extending, retracting or dropping products
- Decisions spanning multiple time periods (net present value)
- Product profitability analysis
- Using sensitivity analysis to incorporate uncertainty in decision making
- Adjusting existing financial reports into useful reports for management decisions
