Finance for Non-Financial Managers

Finance for Non-Financial Managers

475.00

Delivery Method: In-Person | Duration: 6 Hours

Overview

Participants of Finance for Non-Financial Managers will learn the language of accounting and bookkeeping.

Learn How To:

  • Speak the Language of Finance Professionals

  • Accurately Interpret Information Contained in Basic Financial Reports (Balance Sheets, Income Statements, and Cash Flow Statements)

  • Practice Understanding and Using Financial Tools (Financial Statements, Basic Budgets, Audits, Internal Controls) to Make More Informed Decisions that Drive Results

Date:
Quantity:
Purchase Now

GSA CheckoutGSA

Course ID: B2507

Duration: Full Day (9:00 am- 4:00 pm PST)

Location: In-Person, San Francisco | Click here to schedule private course. 

Overview

Participants of Finance for Non-Financial Managers will learn the language of accounting and bookkeeping.

Learn How To:

  • Speak the Language of Finance Professionals

  • Accurately Interpret Information Contained in Basic Financial Reports (Balance Sheets, Income Statements, and Cash Flow Statements)

  • Practice Understanding and Using Financial Tools (Financial Statements, Basic Budgets, Audits, Internal Controls) to Make More Informed Decisions that Drive Results
     

+ Who Should Attend

Finance for Non-Financial Managers is a must for non-financial managers and executives who need to improve their financial competency to increase impact for their organization’s bottom line.

+ Course Outline

Fundamentals of Accounting

  • What is Accounting?
  • Bookkeeping and Accounting
  • Types of Business Entities
  • Generally Accepted Accounting Principles (GAAP) - Defined
  • Generally Accepted Accounting Principles
  • Additional Terms

Case Study
Financial Statements

  • Basic Financial Statements

Balance Sheet

  • Balance Sheet – Description
  • A.L.O.E (the Accounting Equation):
  • Balance Sheet Terms
  • Basic Balance Sheet – Hecker’s Cool Mountain Bikes

The Income Statement

  • The Income Statement – Description
  • Basic Income Statement – Hecker’s Cool Mountain Bikes

Cash and Accrual Method Accounting

  • Cash and Accrual Method – Explanations

Statement of Cash Flows

  • Statement of Cash Flows – Description
  • Statement of Cash Flows – Components
  • Statement of Cash Flows: Hecker’s Cool Mountain Bikes

Using Financial Statements for Analysis

  • Common-Size Financial Statements
  • Sample Common-Sized Balance Sheet and Income Statement

How to Budget

  • Self Reflection
  • Budgeting
  • Ways to do a Budget: Incremental Method
  • Ways to do a Budget: Zero-Based Method
  • Constructing a Budget
  • Sample Budget – Hecker’s Cool Mountain Bikes

Understanding Audits

  • Audits
  • Audit Components

Internal Controls

  • Elements of a Good Internal Control System
  • Internal Control System: Separation of Duties
  • Internal Control System: Authorization
  • Internal Control System: Documentation
  • Internal Control System: Reconciliation

Check for Understanding

+ Prerequisites

There are no prerequisites for this class.

+ Certifications

N/A

+ Students Also Attended