Accounting for Non-Accounting Managers

Program Objectives

• Participants will learn how to:
• Read and understand financial statements
• Understand how common economic transactions impact financial statements
• Evaluate a company's financial performance
• Analyze financial statements and understand the drivers of firm value
• Explore the sources and costs of capital and factors of investment decisions
• Learn alternative business valuation principles and how they impact the value drivers of the firm

Who Should Attend?

Managers in marketing, sales, production, engineering, R & D, human resources and others who wish to know about more about accounting and finance. Participants often use (or should be using) financial statements and want to develop more confidence in their analytical skills. No prior classroom experience in accounting or finance is expected, but familiarity with the general language of business will be assumed.

Course Outline

• Key finance terms: assets, liabilities, capital, depreciation, capitalization, current ratio and others
• The accounting process: journals and ledgers, how debits and credits work
• Basic accounting principles and Concepts
• Overview of Financial Statements
• The Balance Sheet
• The Income Statement
• The statement of cash flow
• Financial Ratio Analysis
• Keeping your plan on target with budgetary controls
• Using profit-planning tools, break-even analysis, financial forecasting
• Cash flow: where cash comes from and how it's applied
• Elements of cost accounting
• Cost of Capital and Valuation.

Career Path

Upon completion of this course you will have an excellant foundation for arole in an acconts and businesses