AMA2218 Fundamentals of Finance and Accounting for Non-Financial Managers

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

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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

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Classroom Live Outline

1. Basic Accounting Concepts

Importance of the accounting equation
Significance of generally accepted accounting principles (GAAP)
Accrual process
Difference between accounting profit and cash flow

2. Understanding Financial Statements

Purpose of and terminology associated with the following financial statements:
- Income statement or profit and loss statement (P&L)
- Balance sheet
- Statement of retained earnings
- Cash flow statement
The accounting process, from recording business transactions to preparing financial statements
How various business transactions affect the financial statements

3. Reviewing an Annual Report

Components of an annual report
Importance of notes in evaluating financial statements
External auditor's role and the significance of the opinion letter

4. Evaluating a Company's Financial Statements

Calculate the key financial ratios using the financial statements
Use financial ratios to evaluate:
- An organization's liquidity, leverage, and profitability
- An organization's performance compared with budgeted goals
Use the Dupont formula to evaluate management performance
Use the concept of Cash Flow Return on Investment (CFROI) to determine if a segment of an organization is adding value to the business

5. Improving Profitability through Cost Analysis and Profit Planning

Differentiate between fixed and variable costs
Help your organization improve profitability through the use of:
- Break-even analysis
- Contribution margin analysis
- Direct costing in appropriate situations
Traditional cost accounting and its limitations
Relevance of activity-based costing in today's business environment

6. Capital Expenditure Analysis

Distinguish between capital expenditure budgets and operating budgets
Function of the capital budget
Why cash has a time value
Recognize and apply different methods of evaluating capital expenditure and monitoring project performance

7. Budgeting More Effectively

Role of budgeting and issues budgets can solve
The budgeting process
Types of budgeting systems in use today
Analyze budgets for different purposes
Recognize and apply different methods of evaluating and monitoring operating performance

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

AMA2601 The 7 Habits of Highly Effective People Signature Edition 4.0

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AMA2218 Fundamentals of Finance and Accounting for Non-Financial Managers

Course Overview

How You Will Benefit

Schedule

What You'll Learn

Outline

Classroom Live Outline

1. Basic Accounting Concepts

2. Understanding Financial Statements

3. Reviewing an Annual Report

4. Evaluating a Company's Financial Statements

5. Improving Profitability through Cost Analysis and Profit Planning

6. Capital Expenditure Analysis

7. Budgeting More Effectively

Lesson 1: Basic Accounting Concepts and Financial Statements

Lesson 2: Measurement of Performance and Cash Flow

Lesson 3: Calculating Financial Ratios (cont'd); Cost Analysis and Profit Planning

Lesson 4: Analyzing Capital Expenditures and Budgeting More Effectively

Who Should Attend

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