Fundamentals of Finance and Accounting for Non-Financial Managers

Can you effectively demonstrate your value and return on investment to your boss? Are you able to confidently interpret financial reports and make strategic decisions based on the data and insights they provide? Can you draft an accurate budget that aligns with organizational priorities? Can you clearly justify your ideas and initiatives in dollars and cents?

You did not advance to this point in your career only to be held back by weak or inadequate financial skills. This practical program for non-financial managers makes the fundamentals of finance readily accessible to professionals at all levels in just two days. Designed specifically for those managing without formal financial training, this course builds real competency.

How You Will Benefit

• Get a firm and practical grasp of the numbers side of your job
• Gain significantly greater confidence through working knowledge of business financial statements
• Learn how to think strategically about finance and translate operational performance into financial terms
• Cultivate productive working relationships with finance professionals and enhance your overall value to the organization
• Understand the fundamental business dynamics of dollars and cents, and initiate programs that meet your short-term and long-term goals
• Take the guesswork out of your critical decision making and deliver an improved bottom line
• Expand your professional expertise in finance and substantially increase your career opportunities

What You Will Cover

• Key finance terminology: assets, liabilities, capital, depreciation, capitalization, current ratio, and others
• The complete accounting process: journals and ledgers, how debits and credits function
• Mastering the financial mindset: see business in terms of dollars and cents decision options that produce returns
• Basic accounting principles and foundations
• Applying accounting conventions and established guidelines
• Developing practical working rules regarding your corporate financial statements
• Using the balance sheet to examine organizational assets and liabilities
• Analyzing the income statement to assess revenues and evaluate expenses
• Understanding the statement of cash flow: identifying sources and uses of funds
• Content and format of the annual report
• Deciphering and understanding footnotes and disclosures
• Debt versus equity financing and capital structure decisions
• How leveraging can increase return to shareholders
• Keeping your plan on target through budgetary controls and monitoring
• Using profit planning tools, break-even analysis, and financial forecasting
• Understanding cash flow: where cash originates and how it is deployed
• Elements of cost accounting and cost management
• Analyzing payback method, discounted cash flow, present value, and present value index in making profitable capital investment decisions
• Criteria for examining the performance of divisions and product lines
• Understanding the cost of capital and capital structure

Who Should Attend

This program is specifically designed for non-financial managers in every functional area of responsibility across all industries and company sizes.

Reviews

Four Stars: "A big help." As a wastewater Department Manager, this program was a big help. Travis J., 2/1/2021

Five Stars: "Instructor was very helpful." The instructor was very helpful, knowledgeable, and supportive throughout the course. Peter S., 6/25/2020

Four Stars: "Professional and very informative." The course was as I have come to expect from AMA Training, professional and very informative, even on a compressed timeframe. Christopher W., 7/24/2020

Five Stars: "Very informative." The course provided highly useful and informative content. Yesenia W., 8/17/2020

Five Stars: "Well structured." Well structured and conducted course that effectively imparts desired information and knowledge for better understanding of financial reports and business analysis. Tarun J., 3/2/2021