Fundamentals of Finance & Accounting For Non-Financial Managers

This course teaches methods to determine the financial viability and impact of business decisions. The goal is to enable managers who have no experience in accounting or financial management to develop a working knowledge of these areas and to be comfortable discussing financial decisions.

For a course on interpreting financial statements, please refer to Financial Statement Analysis for the Non-Accountant

This course qualifies towards the following certificate(s):

  • Sales Leadership
  • Public Sector Management
  • Advanced Project Leadership
  • Professional Administrative Leadership
  • Executive General Management
  • Executive Development
  • Management Excellence

Special Features

Cases and problems will be used to demonstrate the techniques of financial management, as well as the practical applications.

Takeaways

Attending this course will enable you to:

  • gain a better understanding of financial terminology, information and implications
  • apply basic financial concepts that remove guesswork from your decision making
  • integrate financial information with other business functions
  • make more informed investment decisions
  • use capital budgeting techniques to plan ahead
  • communicate and work more effectively with financial professionals

Course Content

  • Generally accepted accounting principles and the accounting process
  • Managerial vs. financial accounting
  • Audit reports, balance sheets and income statements
  • The time value of money and capital budgeting
  • Lease vs. purchase
  • Cash, inventory and accounts receivable management
  • Variable and fixed costs
  • Cost volume profit analysis
  • Relevant costs


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