1-888-THE-TREE (1-888-843-8733)
PRODUCTIVITY THROUGH EDUCATION®
 
 

Finance and Accounting for Non-Financial Managers

Improving Financial Literacy
 
Course: 281   Type: Workshop Course   Duration: 3 Days
 
 

You Will Learn How To

  • Integrate financial concepts and policies into the management decision and budgeting process
  • Evaluate the financial viability of projects and activities through income statements and balance sheets
  • Employ cash flow to analyze business status
  • Calculate the cost of business activities
  • Control business operations through effective budget management
  • Communicate effectively with financial executives and staff

Course Benefits

All too often, a manager's performance is measured by how effectively they oversee departmental budgets. To succeed as a nonfinancial manager, knowledge of basic financial principles and the budgeting process is critical. This course transforms financial and accounting concepts into decision-making tools you can use successfully every day. You learn to apply the fundamentals of finance to improve budget management, increase potential profits and assess the financial viability of projects.

Who Should Attend

Non-financial managers and anyone who wants to develop their knowledge of financial practices to improve their managerial skills.

Workshop Course

Case studies reinforce the fundamentals of finance presented throughout the course. Participants work in teams to gain experience in:
  • Analyzing and creating income statements, balance sheets and cash flow statements
  • Establishing and managing realistic operating budgets
  • Selecting the most profitable projects or activities
  • Calculating a budget to achieve stated financial goals
  • Applying financial principles to real-world situations

Related Courses

 
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Upcoming Dates

May 19 - 21, 2010
 Toronto
Jul 21 - 23, 2010
 Washington, DC (Rockville, MD)
Sep 8 - 10, 2010
 New York
Sep 8 - 10, 2010
 Toronto
Dec 1 - 3, 2010
 Washington, DC (Reston, VA)

For complete schedule, please visit www.learningtree.com
 
http://learningtree.com/courses/281pf.htm
 
 
1-888-THE-TREE (1-888-843-8733)
PRODUCTIVITY THROUGH EDUCATION®
 
 

Finance and Accounting for Non-Financial Managers

Improving Financial Literacy
 
Course: 281   Type: Workshop Course   Duration: 3 Days
 
 
Course 281 Content
 

Why Finance Matters

  • Demystifying financial jargon
  • Generally Accepted Accounting Principles (GAAP)
  • Public vs. private financial methodologies
  • Accountability and responsibility for financial information

The Key Building Blocks of Financial Control

Decoding the income statement

  • Differentiating income, operating and capital expense items
  • Putting the pieces together to measure profit and business success
  • When a sale becomes a sale: sales recognition

Analyzing the balance sheet

  • Evaluating the worth of an established business
  • Distinguishing between fixed and current assets and liabilities
  • Defining depreciation and amortization
  • Linking the income statement to the balance sheet
  • Shareholder equity

Cash Flow: The Lifeblood of Organizations

Making the key connection between business activity and cash flow

  • Differentiating between cash flow, profit and net worth
  • Connecting cash management to line management
  • Credit and cash flow—maximizing benefits and minimizing costs
  • How much cash is enough?

The importance of depreciation and amortization

  • How depreciation impacts your budget over time
  • Methods for calculating depreciation
  • Advantages and disadvantages of various key methods
  • Impacting the management budget
  • Where depreciation rules come from

Managing a Profit or Cost Center

Selecting the best costing method for your situation

  • Absorption, marginal, activity-based costing
  • Determining costs in service businesses
  • Avoiding costing traps

The unique features of project costing

  • Estimating project duration and future costs
  • Leveraging debt to your advantage
  • Anticipating problems using cost control
  • Making estimates based on incomplete information

Choosing projects that optimize shareholders' interests

  • Making the financial case using return on investment (ROI)
  • Advantages and disadvantages of ROI, payback, discounted cash flow (DCF) and NPV techniques
  • Selecting viable projects

A Manager's Guide to Budgeting

Recognizing that budgets are more than numbers

  • Budgeting as sociology, not accounting
  • The politics of getting a budget approved
  • The relationship between a well-designed budget and how others measure your performance
  • Managing effectively within budgeting constraints

Comparing budget approaches

  • Top-down
  • Bottom-up

Types of budgets

  • Incremental
  • Zero-based
  • Rolling
  • Others
  • Developing the budget numbers

Budgeting as a planning and control tool

  • Using the budget to control the business
  • Limiting factors
  • Budget process and coordination
  • Forecasting sales revenues and expenses
  • Adjusting the budget to reality

Pulling It All Together

  • Applying financial tools and concepts in the real world
  • Evaluating a company's health through its annual report
  • Comparing public and private sector practices
  • Recognizing potential traps in creative accounting
  • Learning from recent examples
 
http://learningtree.com/courses/281pf.htm
 
 
1-888-THE-TREE (1-888-843-8733)
PRODUCTIVITY THROUGH EDUCATION®
 
 

Finance and Accounting for Non-Financial Managers Tuition

Improving Financial Literacy
 
Course: 281   Type: Workshop Course   Duration: 3 Days
 
 
Course Tuition
$ 2,490 Standard Tuition
Tuition with a Savings Plan
$ 1,623Premium-Pass
$ 1,833Training Passport
$ 2,166Triple-Pack
$ 2,250Voucher 10-Pack
$ 2,213Government Discount
$ 2,240Alumni Gold Discount
 

Your Course Tuition Entitles You To...

  • Class participation
  • Team workshops
  • Use of in-class hands-on equipment
  • Comprehensive course materials
  • Morning and afternoon refreshments
  • Course Completion Certificate awarding Continuing Education Units
  • FREE participation in Professional Certification
  • FREE participation in College Credit programs (including related exams)
  
 

Tuition Savings Plans

Training Passport
  • 3 courses in 12 months
  • As little as $1,833 per course
  • Savings as much as 40%
  • Only $5,500
Premium Pass
  • 4 courses in 24 months
  • As little as $1,623 per course
  • Save as much as 45%
Training Vouchers
  • Save as much as $1,040 per course
  • Fully transferable
  • As low as $2,250 per course
Alumni Gold Discount Attend your first course and you'll receive a personalized Alumni Gold Discount card, entitling you to save as much as $320 on each course you take within the following 12 months. Take just one course each year and you'll be entitled to ongoing discounts...year after year!

Your Guarantee of Satisfaction

Unless you feel 100% satisfied that Learning Tree delivered even more than you expected, there is no fee for your course attendance. Our Guarantee of Quality lets you experience the value of the course--and then pay only if you feel the course was well worth the tuition.

Enrolling is Easy and Flexible!

Enroll by phone or online. If your plans change, just let us know and, without a fee, you can transfer to another course or cancel your enrollment. Pay after you've taken the course, and then only if you are 100% satisfied.
 
http://learningtree.com/courses/281pf.htm