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Fundamentals of Finance and Accounting for Non-Financial Managers

AMA - American Management Association
Training overview
Professional Course
Classroom, Virtual Classroom
2 days
From 2,595 USD
Start dates

Place & Start


Dallas
2,595 USD
12/5/2022

Denver
2,595 USD
12/5/2022

Chicago
2,595 USD
12/12/2022

New York City
2,595 USD
12/12/2022
AMA - American Management Association

Course description

Fundamentals of Finance and Accounting for Non-Financial Managers

Can you demonstrate your value and ROI to your boss? Are you able to interpret financial reports and make decisions based on the data they provide? Can you draft an accurate budget? Can you justify your ideas in dollars and cents?

You didn’t get to this point in your career only to be held back by weak financial skills. This program for non-financial managers makes the basics of finance accessible to anyone in just 2 days. You’ll learn how to:

  • Interpret and respond appropriately to financial information
  • Communicate your contribution to the bottom line
  • Uncover drains on profitability
  • Make smarter decisions that deliver higher profitability

Financial skills are fundamental to any managerial position. Learn how to think finance, and you’ll expand your career opportunities. From accruals to write-offs to receivables and payables, this workshop shows non-financial managers 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 industries.

Training content

Learning Objectives

  • Discuss the Relationship Between the Information Presented on Basic Financial Statements.
  • Read and Interpret Basic Financial Statements.
  • Understand How to Evaluate a Company’s Financial Health Based Upon the Information Presented in its Annual Report and 10-K Report.
  • Calculate Key Financial Ratios to Analyze a Company’s Financial Position And Management Performance.
  • Identify Other Sources of Financial Information.
  • Improve Their Company’s Profitability Through an Understanding of Cost and Break-Even Points.
  • Compare the Rate of Return for Various Investments and Determine Which Are Good Uses of the Firm’s Assets

Basic Accounting

  • Discuss the Importance of the Accounting Equation
  • Explain the Significance of Generally Accepted Accounting Principles (GAAP)
  • Describe the Accrual Process
  • Differentiate Between Accounting Profit and Cash Flow

How Accounting Works and Understanding Financial Statements

  • Describe an Income Statement or Profit and Loss Statement (P&L).
  • Discuss a Balance Sheet and its use.
  • Identify a Statement of Retained Earnings
  • Describe a Cash Flow Statement.
  • Prepare a Simple set of Financial Statements.
  • Summarize the Accounting Process, from the Recording of Business Transactions to the Preparation of Financial Statements.
  • Share How Various Business Transactions Affect the Financial Statements.

Reviewing an Annual Report

  • Identify the Components of an Annual Report
  • Explain the Importance of Notes in Evaluating Financial Statements
  • Describe an External Auditor’s Role and the Significance of the Opinion Letter

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; The Performance of an Organization as Compared to Its Competitors; and An Organization’s Performance Compared with Budgeted Goals
  • Identify Sources of Financial Information Beyond the Financial Statements
  • Use the DuPont Formula to Evaluate Management Performance
  • Use the Concept of Economic Value Added (EVA®) and Cash Flow Return on Investment (CFROI) to Determine if a Segment of an Organization is Adding Value to the Business

Improving Profitability Through Cost Analysis and Profit Planning

  • Differentiate Between Fixed and Variable Costs
  • Help Your Organization Improve Profitability Through the Use of Breakeven Analysis, Contribution Margin Analysis, and Direct Costing in Appropriate Situations
  • Explain Traditional Cost Accounting and Its Limitations
  • Discuss the Relevance of Activity-Based Costing in Today’s Business Environment

Making Major Financial Decisions with Capital Expenditure Analysis

  • Define the Capital Budget
  • Explain Why Cash Has a Time Value
  • Recognize and Apply Different Methods of Evaluating Capital Expenditures and Monitoring Project Performance

Budgeting More Effectively

  • Discuss the Role of Budgeting and Issues That Budgets Can Solve
  • Describe the Budgeting Process
  • Identify Different Types of Budgeting Systems in Use Today
  • Analyze Budgets for Different Purposes
  • Recognize and Apply Different Methods of Evaluating and Monitoring Operating Performance

Course Highlights

  • Review Program Summary and Expectations
  • Determine the Actions That You Will Take When Returning to Work Based on What You Have learned in the Program
  • Generate a List of Questions to Take with You and Further Your Learning

Costs

Course price for:

  • Non Members: $2595
  • AMA Members: $2345

Certification / Credits

CEU: 1.2, PDU: 12

About AMA

American Management Association Company Info

The American Management Association, International (AMA) is the global leader in talent development. Founded in 1923, AMA supports the goals of individuals and organizations through a complete range of educational products and services, including instructor-led classroom and virtual seminars, webinars,...


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Contact info

AMA - American Management Association



Reviews

Average rating 4.6

Based on 5 reviews.

Tarun J.
Well structured and conducted course to impart the desired information and knowledge for better understanding of financial reports.
Travis J.
As a wastewater Department Manager, this program was a big help.
Training reviews
Course rating
(4.6)
Based on 5 reviews.
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