Fundamentals of Finance and Accounting for Non-Financial Managers

Can you effectively demonstrate your professional value and financial return on investment (ROI) to your supervisor? Are you comfortable interpreting financial reports and making strategic decisions based on the data they reveal? Do you have the confidence to draft an accurate budget? Can you clearly justify your proposals and ideas in terms of dollars and cents?

You did not advance to your current position in your career only to be limited by insufficient financial knowledge and skills. This comprehensive 2-day program, designed specifically for non-financial managers, makes the fundamentals of finance accessible and understandable to professionals from any background or department.

How You Will Benefit From This Program:

• Develop a firm, confident grasp of the numerical and financial side of your job responsibilities
• Gain significantly greater confidence through practical working knowledge of business financials
• Learn how to adopt a "finance mindset" and translate your operational performance into meaningful financial terms
• Cultivate proactive working relationships with finance professionals and enhance your overall value to the organization
• Develop a comprehensive understanding of business dynamics, dollars and cents, and make informed strategic initiatives that support both short-term and long-term goals
• Remove guesswork from your decision-making process by relying on financial data and deliver measurably improved bottom-line results
• Expand your professional expertise significantly, opening up new career opportunities and advancement paths

Comprehensive Topics You Will Cover

• Key finance and accounting terms: assets, liabilities, capital, depreciation, capitalization, current ratio, and many others
• The accounting process explained: how journals and ledgers work, and how debits and credits function
• Adopting the finance mindset: learning to view business in terms of dollars-and-cents decision options that create financial payoff over both short and long terms
• Fundamental accounting principles and their practical application
• How to apply accounting conventions and guidelines to your organization
• Developing working rules specific to your corporate financial statements
• Using the balance sheet effectively to examine assets, liabilities, and the organization's financial position
• Analyzing the income statement to assess revenues, expenses, and profitability
• Understanding the statement of cash flow: where funds originate and how they are deployed
• Understanding the content and format of the annual report and financial documents
• Reading and interpreting financial statement footnotes effectively
• Comparing and evaluating debt versus equity financing options
• Understanding how the strategic use of leverage can increase returns to shareholders
• Maintaining budget targets through effective budgetary controls and monitoring
• Using profit-planning tools, break-even analysis, and financial forecasting techniques
• Understanding cash flow: where cash originates, how it flows through the organization, and how it is applied
• Learning the essential elements of cost accounting and cost management
• Analyzing and comparing capital investment options using the payback method, discounted cash flow, present value, and present value index
• Identifying key criteria for evaluating the financial performance of divisions and product lines
• Developing a comprehensive understanding of the cost of capital and its implications

Who Should Attend This Program:

This program is specifically designed for non-financial managers working in every functional area of responsibility across all industries, from operations and marketing to human resources and supply chain management.

Reviews:

★★★★☆
"a big help"
As a wastewater Department Manager, this program was a big help.

Travis J. 
2/1/2021


★★★★★
"Instructor was very helpful"
Instructor was very helpful, knowledgeable and supportive.

Peter S.
6/25/2020


★★★★☆
"professional and very informative"
Course was as I have come to expect from AMA Training - professional and very informative, even on a truncated timeframe.

Christopher W. 
7/24/2020


★★★★★
"very informative"
very informative. 

Yesenia W.
8/17/2020


★★★★★
"Well structured"
Well structured and conducted course to impart the desired information and knowledge for better understanding of financial reports.

Tarun J. 
3/2/2021