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.
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