National Seminars Group
National Seminars Group presents
 

Essentials of Finance & Accounting for Nonfinancial Managers On-Site Training

This on-site training class is also available as Public Schedule Seminar.

Everything you need to know about the numbers that drive your organization

Course Description/Agenda


Program Description

As a key decision maker in your organization, you make dozens of critical decisions that impact the company’s bottom line. Finely tuned as your business instincts no doubt are, you simply can’t afford to trust instincts alone. You need a strong command of accounting concepts and financial tools.

An invaluable financial course designed for nonfinancial managers and professionals
Essentials of Finance & Accounting for Nonfinancial Managers has been developed exclusively for managers like you: professionals who’ve risen in their organizations to the point where understanding the fundamentals of finance and accounting is no longer an option, but a “must.”

Master financial tools and key accounting principles
In two intensive days, you’ll gain invaluable training as you master finance and accounting principles through practical exercises, case studies, and group discussions. You’ll find out how to read, analyze, and use financial information strategically and accurately; and you’ll discover how to implement key financial concepts and tools to strengthen not only your management decisions, but your organization as well.

Make stronger, more strategic decisions that grow your organization
Master the numbers that drive your organization, and you’ll become a stronger, more influential decision maker within your company – immediately. Don’t wait any longer to expand your executive skills by becoming fluent in the universal language of business. Invest two days, and you’ll learn financial knowledge and accounting principles you’ll rely on for years to come as you grow your organization’s success.

What You'll Learn

  • Understand key financial ratios and measurements that give you a clear picture of your organization’s financial position
  • Learn how to read, interpret, and analyze key financial statements and accounting reports
  • Recognize where you can make the biggest impact to improve your organization’s financial performance
  • Decode the terminology so you can confidently talk numbers with anyone
  • Learn how to gain support for your ideas and projects using solid numbers to back yourself up
  • Use your new accounting and finance skills to accurately evaluate financial strengths and weaknesses in any report
  • Discover how to recognize problems before it’s too late
  • Plan for revenues and growth with greater precision using solid business numbers as your guide
  • And much, much more!

Who Should Attend?

Strategic decision makers Nonfinancial managers Business owners Senior executives Key business unit managers Other professionals who need to understand how to interpret the numbers that drive business This intensive workshop was designed specifically for non-financial professionals who want to learn to use the financial analysis tools and techniques that ensure on-target business decisions.

Workshop Agenda

I. Demystifying the Terminology and Speaking Intelligently About Financial Issues

  • Common accounting and finance terms and what they mean — including fixed and variable costs, gross margin, profit and loss, and dozens of others!
  • How to present proposals and recommendations in terms of hard dollars ... and get faster approval
  • Learn the basic accounting equation and how to use it
  • Deciphering the language of business so you can speak it fluently with anyone

II. Critical Financial Concepts You Must Know

  • The difference between current liabilities, current assets, and equities
  • 5 components of working capital and how critical it is to the day-to-day operation of your organization
  • A simple approach to calculating return on investment (ROI) and determining the true bottom line
  • What goodwill is ... and why some companies don’t like it on their balance sheets
  • Key financial indicators that will tell you if your organization is on the right track
  • Tangible and other assets — what the numbers on the balance sheet may be hiding

III. Sharpening Your Decision Making With Powerful Financial Tools

  • Using break-even analysis, forecasting, and other powerful analysis tools to make more informed decisions
  • 5 ratios that can be early indicators of danger ahead
  • How to use ratios to evaluate an organization’s profitability, liquidity, and leverage
  • How to evaluate the relative degree of risk for a project
  • 5 valuable questions to ask when dealing with a financial problem
  • Critical financial areas that may be out of your control, but that you absolutely must understand
  • Which specific numbers to rely on when developing a budget
  • Calculating ROI for the true “bottom line”

IV. Interpreting Financial Statements Accurately and Insightfully

  • How to read and interpret 3 types of financial statements: balance sheet, income statement, and cash flow statement
  • How to examine the P&L statement and tell the cost of goods sold, how revenue is generated, profitability and more
  • Basic steps in preparing a financial statement
  • Types of long-term assets and the role depreciation plays in determining their worth
  • How to scan a financial statement and zero in on the most valuable information

V. Must-Know Accounting Basics

  • How the accounting cycle works
  • Accounting for assets, liabilities, revenue, and expenses
  • The difference between cash and accrual accounting
  • What every manager must understand about Generally Accepted Accounting Principles (GAAP)
  • Debits and credits explained

VI. Planning for Revenues and Growth

  • How to forecast cash flow and use this insight when increasing staff, purchasing, and cutting costs
  • Financial-management strategies for companies going through tough times
  • How to recognize cash flow problems before it’s too late

VII. Computer Tools That Make Your Job Easier

  • Valuable tips for setting up your own spreadsheets
  • 3 important ways a PC can sharpen your projects and analyses
  • An overview of software packages that will make your job much easier

 

More Seminar Information

National Seminars Group
National Seminars Group

Delivery Method

On-Site Training On-Site Training

Also Available As

Seminar Seminar

 
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