Finance and Accounting for Non-financial Managers

In the current environment of cut-throat competition, razor-thin profit margins, and increasing scrutiny from stakeholders, mastering the fundamentals of financial management is a must for everyone with a stake in their company's and in their own professional futures. Packed with step-by-step examples and illustrative case studies, and updated to reflect the latest trends in the economy and in financial policy, this class is a nuts-and-bolts guide for managers, entrepreneurs, seasoned executives, teachers, and students alike. Featuring new commentary on corporate accountability, updated interactive templates, study questions, , this class covers all the key aspects of financial management.‚Äč

 

Class Outline 

Part 1: Understanding Financial Information 

Module 1: The Balance Sheet
Expenses and Expenditures
Assets
Important Accounting Concepts Affecting the Balance Sheet
Liabilities
Stockholders’ Equity
Total Liabilities and Stockholders’ Equity
Additional Balance Sheet Information
Analysis of the Balance Sheet

Module 2: The Income Statement
Analysis of the Income Statement 

Module 3: The Statement of Cash Flows
Sources of Funds
Uses of Funds
Statement of Cash Flows
Financial Practice Review
Analyzing the Statement of Cash Flows

Module 4: Generally Accepted Accounting Principles: A Review and Update
The Fiscal Period
The Going Concern Concept
Historical Monetary Unit
Conservatism
Quantifiable Items or Transactions
Consistency
Full Disclosure
Materiality
Significant Accounting Issues

Module 5: The Annual Report and Other Sources of Incredibly Valuable Information
The Annual Report
Modern-Day Activists
The 10-K Report
The Proxy Statement
Other Sources of Information
The Securities and Exchange Commission

Part 2: Analysis of Financial Statements

Module 6: Key Financial Ratios
Statistical Indicators
Financial Ratios
Liquidity Ratios
Ratios of Working Capital Management
Measures of Profitability
Financial Leverage Ratios

Module 7: Using Return on Assets to Measure Profit Centers
Assets
Revenue
After-Tax Cash Flow (ATCF)
Return on Assets: Its Components

Module 8: Overhead Allocations
Problems That Arise from Cost Allocation
What about the IRS and GAAP?
Effect on Profits of Different Cost Allocation Issues
Part 3: Decision Making for Improved Profitability

Part 3: Decision Making for Improved Profitability

Module 9: Analysis of Business Profitability
Fixed Costs
Variable Costs
Development of Fixed-Cost Estimates
Development of Variable-Cost Estimates
Breakeven Calculation
Variance Analysis

Module 10: Return on Investment
What Is Analyzed?
Why Are These Opportunities Analyzed So Extensively?
Discounted Cash Flow
Present Value
Discounted Cash Flow Measures
Risk
Capital Expenditure Defined
The Cash Flow Forecast
Characteristics of a Quality Forecast
Establishing the ROI Target
Analytical Simulations
Comprehensive Case Study 

Part 4: Additional Financial Information

Module 11: Financing the Business
Debt
Equity
Some Guidance on Borrowing Money

Module 12: Business Planning and the Budget
S.W.O.T. Analysis
Planning
Significant Planning Guidelines and Policies
Some Additional Issues
A Guide to Better Budgets
Preparation of the Budget

  • Item #: ABT0006

Finance and Accounting for Non-financial Managers

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