AMA2218 Fundamentals of Finance and Accounting for Non-Financial Managers

Course Description:

Overview

• During challenging economic times, 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 Gain an understanding of the business dynamics of dollars and cents and how to 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

• Key finance terms: assets, liabilities, capital, depreciation, capitalization, current ratio, and others The accounting process: journals and ledgers and how debits and credits work Basic accounting principles Apply accounting conventions and guidelines Develop working rules regarding your corporate financial statements Use the balance sheet to examine assets and liabilities Analyze 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 Debt vs. equity financing How leverage can increase return to shareholders Keep your plan on target with budgetary controls Use profit–planning tools, break–even analysis, and financial forecasting Cash flow: where cash comes from and how it's applied Elements of cost accounting Analyze 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 Cost of capital

• Nonfinancial managers in every functional area of responsibility in all industries. Please bring a calculator and a copy of your annual report (if available).

Check the course description for any course prerequisites.