Finance for the Nonfinancial Manager - Hong Kong and Singapore

General

4 locations available

Program Description

* Boost your management career by obtaining a firm grasp of financial basics
* Become more effective in communicating with financial executives of your organization
* Gain a thorough understanding of the impact of your decisions on financial statements
* Learn how to evaluate operating performance and make value-creating decisions


Overview

Finance for the Non-financial Manager program teaches basics of finance to non-financial managers who do not have formal training in the uses and reporting of financial information.


This program enables managers to:

- Communicate with the treasurer or controller of their company or division
- Better understand how the outcomes of business decisions are reflected in the financial statements
- Enhance decision making through the use of financial analysis
- Learn the link between business decisions and shareholder value
- Develop guidelines to measure success in financial terms



Who Should Attend

Recommended participants include the non-financial managers working in functional areas other than finance (such as marketing, sales, manufacturing, or engineering), as well as the general manager who has been promoted through these functional areas. Prior knowledge of finance is not necessary.



Learning Objectives

The higher you climb on the corporate ladder, the more financial information you are expected to interpret and utilize when making business decisions. If you are the manager of a group or division, chances are you are responsible for creating value in your area and reporting it to others in financial terms. Managers who have excellent "people" skills still need to enhance their "financial" skills in order to be well-rounded and effective. Understanding financial analysis, reporting, and decision making does not require a degree in business economics--all you need to know are the basics.


As a result of attending this program, you will be able to:

- Communicate more effectively with the financial executives in your organization
- Improve your "financial" vocabulary so that you are better able to read and interpret financial statements
- Better understand how economic outcomes of business decisions are reflected in your organization's financial reports
- Enhance your ability to use financial analysis in your decision making
- Provide a better understanding of the link between business decisions and shareholder value
- Develop guideline to measure success in financial terms
- Prepare budgets that are an accurate reflection of your area's financial success
- Utilize forecasting techniques and learn how to determine their accuracy

Last updated Jan 2018

About the School

The Stephen M. Ross School of Business at the University of Michigan is a premier educational institution within one of the finest research universities worldwide. Our mission is to develop leaders in ... Read More

The Stephen M. Ross School of Business at the University of Michigan is a premier educational institution within one of the finest research universities worldwide. Our mission is to develop leaders in thought and action, who are ready to tackle the challenging, multidisciplinary problems facing society. Leaders who can provide moral and civic leadership, and who leverage their influence for the benefit of society. At Michigan, our over-arching strength is our unique ability to bridge scholarly theory with business practice. We believe true leadership begins with a holistic understanding of business. At our core is the pursuit of “intellectual capital with impact.” These are the ideas our faculty bring to the classroom and the tools our graduates use to shape the world. We’re interested in students who want to partner with faculty to co-create a very customized, robust educational experience. Our strategy to develop students’ leadership capability – in addition to impact requisite business knowledge and skills – is to provide action-based learning opportunities rooted in real-world issues. With an MBA from Michigan's Ross School of Business, you’ll enter the marketplace as a leader with the confidence and wisdom to define and achieve your vision of success. Read less
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