Financial Management for Non-Financial Professionals
An understanding of business finance and accounting is essential for all managers. As part of the management team, all managers need to contribute, towards overall corporate vision, mission and value proposition and exercise their fiscal responsibility towards overall corporate governance.
Non-financial managers, as key members of the management team, need to appreciate how an understanding of finance can greatly add value in their roles as organizational strategic partners. They are accountable for the planning, execution, evaluation and control of their area of influence towards overall corporate objectives.
This course covers the basic concepts and applications in financial accounting, managerial accounting, and corporate finance. You will participate in managerial discussions and learn about the financial risks of the business, which will help you make better business decisions.
- Basic finance and accounting language
- Understand and evaluate financial statements
- See your initiative through the eyes of the CFO
- Time value of money
- Effective budget management techniques
- Assess investment opportunities
- ROI vs. TCO and when to use each as justification
- Fixed vs. variable costs
- Cost analysis, profit planning, and volume/price risks
- Communicate effectively with financial executives
- All managers and staff responsible for managing their area of influence, including:
- Research and development
- Managers with product / program responsibilities
- Individuals wanting to broaden their understanding of accounting and finance