Accounting and Finance for Non-Financial Managers

2 full days  |  1.2 CEUs

This program provides managers and business owners the fundamentals of finance and accounting principles, methods, and applications. Participants will develop a better understanding and appreciation of critical financial indicators, explore how these factors impact the bottom line, and learn how to make sound business decisions leveraging hard financial data. Participants have the opportunity to apply these concepts to their own organizational initiatives and goals.

Program Description

Participants will learn to:

• Talk the language of business beginning with a short historical perspective and the accounting profession
• Understanding the rules of the game – accounting conventions of revenue recognition and the matching concept
• Risk-return concept as measured by Beta – numerous examples using familiar companies
• Debt versus equity as a means of business financing – stocks and bonds
• Examine the relationship between the balance sheet and both the income and cash flow statements, examining each asset, expense, and cash flow category in detail
• Financial performance measures including the DuPont model to illustrate the relationship of the balance sheet and income statement to overall return on assets
• Examine asset and liquidity category performance measures such as inventory turnover, days of inventory sales, aging accounts receivable, average collection days, working capital, quick ratio, current ratio, and degree of financial leverage, return on assets, and return on equity
• Contribution margin versus gross profit comparison – concepts of fixed and variable costs leading to Break even analysis – examples of B/E include micro and macro application
• Time value of money – net present value, discounted cash flow, and internal rate of return
  Budgeting – sales forecast and ancillary budgets such as departmental, capital, and procurement