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Fundamentals of Finance and Accounting for Non-Financial Managers

AMA - American Management Association
Training overview
Professional Course
2 days
From 2,445 USD
Start dates
Online
2,445 USD
10/25/2021

Online
2,445 USD
11/4/2021

Online
2,445 USD
11/15/2021

Online
2,445 USD
11/22/2021
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

Lesson One

Learning the Basic Accounting Concepts

  • State the Accounting Equation and Describe the Relationship Among Its Components
  • Explain the Generally Accepted Accounting Principles (GAAP)
  • Describe Accrual-Basis Accounting
  • Differentiate Between Accounting Profit and Cash Flow

Understanding Financial Statements

  • Describe the 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, and Cash Flow Statement
  • Prepare a Simple Set of Financial Statements
  • Explain the Accounting Process from the Recording of Business Transactions to the Preparation of Financial Statements
  • Describe How Various Business Transactions Affect the Financial Statements

Lesson Two

Reviewing and Evaluating an Annual Report

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

Calculating Financial Ratios

  • Calculate the Key Financial Ratios Using the Financial Statements
  • Use Financial Ratios to Evaluate an Organization’s Leverage and Profitability, Competitive Performance and Performance Compared with Budgeted Goals
  • 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

Lesson Three

Calculating Financial Ratios (cont’d)

  • Calculate the Key Financial Ratios Using the Financial Statements
  • Use Financial Ratios to Evaluate an Organization’s Leverage and Profitability, Competitive Performance and Performance Compared with Budgeted Goals
  • 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

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, and Direct Costing in Appropriate Situations
  • Describe Traditional Cost Accounting and Its Limitations
  • Explain the Relevance of Activity-Based Costing in Today’s Business Environment

Lesson Four

Capital Expenditure Analysis

  • Distinguish Between Capital Expenditure Budgets and Operating Budgets
  • Describe the Function of the Capital Budget
  • Explain the Time Value of Money
  • Recognize and Apply Different Methods of Evaluating Capital Expenditures and Monitoring Project Performance

Budgeting More Effectively

  • Describe the Role of Budgeting and Issues Budgets Solve
  • Identify 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

Costs

The course is priced as follows: $2445 - Non-members
$2195 - AMA members
$2079 - GSA price

Certification / Credits

  • 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
  • Understand the business dynamics of dollars and cents—and 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

About AMA

About American Management Association International

For over 90 years, American Management Association International (AMA) has been a world leader in professional development. AMA supports the goals of individuals, organizations, and government agencies with a complete range of corporate talent transformation solutions, including public open-enrollment seminars...


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Contact info

AMA - American Management Association



Reviews

Average rating 4.8

Based on 4 reviews.

Tarun J.
Well structured and conducted course to impart the desired information and knowledge for better understanding of financial reports.
Christopher W.
Course was as I have come to expect from AMA Training - professional and very informative, even on a truncated timeframe.
Training reviews
Course rating
(4.8)
Based on 4 reviews.
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