Financial Analysis for NonFinancial Managers


4 locations available

Program Description

This five-day program will enhance your ability to understand financial reports, better communicate with financial officers in your organization, evaluate your unit's financial performance, and make sound financial decisions.

The purpose of this course is to help nonfinancial managers interpret data from financial reports, including balance sheets, income statements, budgets, and divisional performance reports and make better business decisions based upon this information. The program will teach the analysis of historical performance of financial reports and forecasting financial performance.

Participants will be better able to communicate the financial goals and performances of their departments to outside sources. They will improve their understanding and be able to use financial language to communicate with others, including financial managers in their organizations.

During This Seminar You Will Learn To:

-- Understand the fundamental terminologies and methodologies of financial and managerial accounting.

-- Evaluate financial performance.

-- Understand and analyze corporate financial statements

-- Measure the cost and profitability of a product or service.

-- Learn how costing systems are linked to corporate strategy.

-- Measure opportunity and capacity costs.

-- Evaluate key business decisions, such as outsourcing.

-- Organize and evaluate the performance of corporate units.

-- Forecast financial performance and capital requirements.

-- Evaluate capital expenditure proposals.

-- Recognize deficient financial reporting.

Who Should Attend

Nonfinancial mid- to upper-level managers in every functional area of all industries will benefit from this course. Managers from areas such as marketing, sales, human resources, operations, manufacturing, or engineering, as well as general managers who have been promoted through these routes, will find this program highly beneficial to their understanding of financial analysis. This course will be helpful as well to consultants, small business owners, and practicing professionals who want a better understanding of financial principles. Those familiar with finance or accounting principles and interested in a more advanced course, please refer to our Finance for Executives program.

Program Outline

Analyzing Historical Performance

Forecasting Financial Performance

Overview of Firms' Internal Information Systems

Activity-based Costing and Activity-based Management Systems

Using Cost Information to Understand Profitability and Corporate Strategy

Planning, Control, and Evaluation Systems

Last updated Jan 2018

About the School

Since 1898, the University of Chicago Booth School of Business has produced ideas and leaders that shape the world of business. Our rigorous, discipline-based approach to business education transforms ... Read More

Since 1898, the University of Chicago Booth School of Business has produced ideas and leaders that shape the world of business. Our rigorous, discipline-based approach to business education transforms our students into confident, effective, respected business leaders prepared to face the toughest challenges. We are proud to claim: an unmatched faculty, degree and open enrollment programs offered on three continents, a global body of nearly 42,000 accomplished alumni, strong and growing corporate relationships that provide a wealth of lifelong career opportunities. As part of the world-renowned University of Chicago, we share the university's core values that shape our distinctive intellectual culture. At Chicago Booth, we constantly question test ideas and seek proof. This extraordinarily effective approach to business leads to new ideas and innovative solutions. Six of our faculty members have won Nobel Prizes for these ideas - a record no other business school has matched. This same culture transforms our graduates into business thinkers superbly equipped to analyze and solve the greatest business challenges. Read less
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