Finance for Non-Financial Managers

Synopsis

In two days, get a good grasp of the basics of accounting and finance to help you do your job better.

Managers in non-finance functions such as sales, marketing, IT, HR, administration, corporate development, etc. often need to have a basic understanding of accounting and finance so that they can read financial statements to a useful level, perform basic financial analyses for decision making, and talk intelligently to finance professionals.

This seminar will provide you with the fundamental concepts and tools in accounting and finance that will help you further your career and build your future. You will learn how to read an income statement, balance sheet and cash flow statement. You will learn how to analyze these financial statements to assess the performance and condition of a business. You will learn how to undertake basic cost analyses for managerial decision-making. And you will learn how to perform a discounted cash flow analysis of a capital investment project to decide on its feasibility.

How You Will Benefit

• Learn to read the basic financial statements (income statement, balance sheet, cash flow statement) to a useful level
• Gain an ability to perform basic analyses of these statements to assess the performance and financial condition of a company
• Understand the different types of costs and their behaviors and know what are the relevant costs to use in particular situations for managerial decision making
• Learn how to evaluate capital expenditure projects for feasibility and selection

What You Will Cover

• Basic accounting concepts and principles
• The income statement
• The balance sheet and statement of retained earnings
• The cash flow statement
• Evaluating an organization’s financial statements
• The fundamentals of shareholder value creation
• Analyzing costs for profit planning and managerial decision making
• Making effective capital expenditure decisions

Note: Please bring a calculator and a copy of your annual report (if available).