Finance & Accounting for Non-Financial Managers
Increasing profits and performance are two of the major responsibilities of every manager. This 2-day course will enable you to communicate confidently using financial data and gain practical insights into the crucial financial measurements used by top management.
Who should attend
All non-financial managers and executives (regardless of industry or profession) who want to expand their knowledge and understanding of accounting and finance.
What you will achieve
- The skill, confidence, and competence to master the numbers side of your business
- An understanding of how your decisions impact the bottom line
- The ability to focus clearly and concisely on critical financial indicators
- Better decision-making based on hard financial data
- The know-how to improve your understanding and working relationship with your company’s financial department.
What you will learn
- The Basics of Accounting — linking the accounting equation to business applications
- The Accounting Cycle — documenting and tracking business transactions and understanding how those transactions are reflected on financial statements
- The Balance Sheet — understanding its managerial objectives and usage
- The Income Statement — how to define revenue and expense and effectively use income statement ratios to evaluate profit and loss
- The Statement of Cash Flow — an understanding of cash flow and non-cash expenses, and the differences between cash and profit levels
- Cost Accounting — why it is necessary and how to use it as a management tool
- Fixed Assets — what they are and how to evaluate and account for them
- Budgeting — the basic budgeting process, cost/price/volume relationships and how they impact the bottom line, break-even analysis, and more.