Finance and Accounting for Non-Financial Executives
An introduction to financial concepts and statements
- Generally Accepted Accounting Principles (GAAP)
- Commonly used financial statements
- Nature of assets, liabilities, equity
- Income and expenses
- Key terms used by your financial executives
Cash flow and working capital management
- The importance of working capital
- Cash flow analysis
- Sources and uses of funds
Fixed assets and depreciation
- Depreciation methods
- Financial impact on the organization
Income taxes and profit
- Cash flow
- Decision making
Financial analysis
- Approaches used to analyze information
- Ratio analysis
- Return on Assets (ROA) and Return on Equity (ROE)
- Performance measures
- Leverage how organizations use debt effectively
- Assessing what drives value in your organization
- Reviewing your own organization’s statements
Using management accounting for decision making
- Responsibility accounting
- Cost analysis
- Profit planning and budgeting
- Break-even analysis
- Cost-volume-profit
- Marginal revenue/costs
- Contribution approach
Evaluating capital expenditure proposals
- Importance and theory of capital budgeting
- Methods of evaluating projects
- Net present value
- Discounted cash flow
- Payback
Schedule
Evening before course — 5:30 p.m. – 7:30 p.m. Optional dinner for those arriving early
Day 1 — 8:30 a.m. – 4:30 p.m. Session
Day 2 — 8:30 a.m. – 4:30 p.m. Session
Day 3 — 8:30 a.m. – 12:30 p.m. Session