Fundamentals of Finance and Accounting for Non-Financial Managers

Can you clearly communicate your professional value and business impact to your leadership? Do you possess the ability to interpret financial documents and make informed, data-driven decisions from the information presented? Are you prepared to develop realistic and comprehensive budgets? Can you effectively justify your proposals and initiatives in quantifiable financial terms?

You have not advanced in your career to be held back by insufficient financial literacy. This streamlined program tailored for non-financial managers demystifies financial principles for everyone in just 2 days of intensive instruction.

Who Should Participate:

This professional development program addresses non-financial managers across all functional departments and industries.

How You Will Gain Value:

• Build confidence and develop comprehensive understanding of your organization's financial metrics
• Acquire practical knowledge to interpret business financial statements with confidence
• Master the ability to translate operational performance into financial language and concepts
• Build stronger, more collaborative relationships with finance teams while elevating your importance to the organization
• Comprehend how financial dynamics of revenue and expenditure connect to accomplishing strategic objectives aligned with your priorities
• Make more confident, evidence-based decisions and create stronger financial outcomes
• Advance your professional capabilities and create exciting career development pathways

Core Topics You Will Examine:

• Essential financial vocabulary; assets and liabilities, equity and ownership, depreciation and amortization, balance sheet ratios and financial indicators
• Accounting fundamentals; understanding journals and ledgers, mechanics of debit and credit transactions
• Financial perspective development; evaluate business scenarios as financial decision points with measurable consequences for immediate and future periods
• Core principles of accounting practice
• Application of accounting standards and best practices
• Creating organizational financial governance policies for your department
• Interpreting balance sheet data to evaluate organizational assets and financial obligations
• Evaluating income statement information to assess organizational income streams and operating costs
• The cash flow statement; identifying sources of available cash and uses of those resources
• Annual report structure and presentation format
• Analyzing supplementary notes and disclosures
• Comparing financing through debt instruments versus equity investments
• Using financial leverage to amplify returns to business owners
• Implementing budget monitoring and control mechanisms
• Applying profit analysis, calculating break-even thresholds, and making financial predictions
• Analyzing cash generation and utilization across the organization
• Fundamentals of allocating costs to products and services
• Evaluating investment opportunities using payback analysis, discounted cash flow analysis, and valuation indices for capital allocation decisions
• Methods for evaluating and comparing performance across business units and product categories
• Computing and understanding the cost of investment capital