Our Programs

Finance, Risk Management & Compliance> Finance for Non-Finance Managers

Overview

In an age of an unpredictable economy, when every manager is being held accountable for the bottom line, it is essential to be "finance-savvy." This program teaches participants to know how to justify a request, quantify their contributions to the company and spot profit drains immediately, because no matter how effective their management style or how innovative their ideas, their performance will be measured in dollars and cents! From accruals to write-offs to receivables and payables, this course covers the concepts, tools and techniques that can help make each decision pay off , on the job and on the bottom line.

Who Should Attend

This program is designed for non-financial managers in every functional area of responsibility, in all industry types, in both the public and private sectors. Whether you're a vice president of manufacturing, marketing or engineering ,an assistant account manager or attorney, a manager of human resources, a project manager or a CEO, you'll learn how to master the "how to's" of finance.

How You Will Benefit

Participants will be able to

• Get a firm grasp of the numbers side of their job
• Gain greater confidence with a working knowledge of the numbers end of the business
• Cultivate proactive working relationships with finance professionals and enhance their value to the organisation
• Expand their professional expertise and career opportunities
• Understand the business dynamics of dollars and cents-and take initiatives that meet their short- and long-term goals
• Take the guesswork out of their decision making and deliver a better bottom-line
• Learn how to "think finance" and translate performance into financial terms

What You Will Cover
Learning the Language

• Key finance terms: assets, liabilities, capital, depreciation capitalization, current ratio and others
• The accounting process: journals and ledgers, how debits and credit work
• Master the mind-set: see business in terms of dollars-and-cents decision options that pay off-short- and long-term

Generally Accepted Accounting Principles: Setting up Financial Statements and Reports

• Basic accounting principles
• Applying accounting conventions and guidelines
• Developing working rules regarding your corporate financial statements

Your Financial Statement: Interpreting Your Company's Financial Signals

• Using the balance sheet to examine assets and liabilities
• Analyzing the income statement to assess revenues and expenses
• The statement of cash flow: sources and uses of funds

Annual Reports: Determining a Company's Well-being

• Content and format of the annual report
• Understanding the footnotes

The Role of Leveraging

• Debt vs. equity financing
• How leveraging can increase return to shareholders

Profit Planning and Budgeting

• Keeping your plan on target with budgetary controls
• Using profit-planning tools, break-even analysis, financial forecasting
• Cash flow: where cash comes from and how it's applied
• Elements of cost accounting

Evaluating Return on Investment

• Analysing 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
• Understanding the cost of capital