Management Training

Finance and Accounting for Non-financial Managers

Duration: 3 Days (10 am to 5 pm with one hour lunch break)

Cost: $ 1999 + GST

Course Outline

Finance and accounting are the universal languages of business. Whether you're a brand-new supervisor or a senior executive, you won't go far without having a command of key financial concepts. Think of this broad-based course as your personal, one-on-one tutor. Written expressly for non-specialists like you, it clearly explains how to understand financial and operational measures, prepare and utilize budgets, respond to inquiries about the dollars-and-cents consequences of actions taken by you or your department, and speak the jargon of finance with fluency and ease.

By relating financial management actions to everyday business tasks, the author sets the tone for painless learning. Step-by-step exercises and interactive examples will show you how to put the standard techniques of financial analysis to work immediately. This course encourages you to draw on personal experience to strengthen your comprehension of new material. Upon completion, you'll be comfortable in discussing financial concepts and data with your managers, accounting staff, CPAs, and other financial professionals. And you'll be helping to run a tighter financial ship always a plus in your own career development.

Learn how to:

• Differentiate between finance and accounting  
• Grasp accounting fundamentals such as debits, credits, and double-entry bookkeeping 
• Analyze basic financial documents such as income statements and balance sheets 
• Use financial tools to manage performance more effectively 
• Determine how assets, liabilities, and equity affect your area of operation 
• Apply financial risk/return principles to managerial decision-making 
• Justify your requests for new equipment and other capital investments 
• Improve your budgeting skills 
• Relate your departments financial performance to the bigger picture

Course Objective: Learn key financial concepts and relate them to the financial management actions necessary for the nonfinancial manager.