Finance For Non-Financial Managers

Good financial judgment can deepen the decision-making skills of any business professional. Fluency with monetary figures helps you tie everyday operations to the financial success of your organization at a department and senior level.

This dynamic 2-day training course will ground you in the functions and tools of finance. You will examine financial statements-including the balance sheet, income statement, cash flow statement, and statement of stockholders' equity-as guides to fiscal health. You will also identify what you want to gain from a budget and describe the steps of budgeting to meet these goals.

Who Should Attend:

Participants in this course are managers from virtually every non-finance area, who work in multiple industries and geographies.

What you'll learn:

• Describe the importance and major elements of financial statements.

• Use balance sheets to determine the assets a company has at its disposal.

• Interpret income statements to identify corporate earnings, expenses, and profitability.

• Read cash flow and other statements to assess an organization’s real-world financial situation.

• Select a budget type and method to fit the needs of a company.

• Prepare a responsible budget.

Course Outline:

Lesson 1: Reviewing Financial Basics

• Identify the Benefits of Finance

• Describe Financial Statements

Lesson 2: Interpreting Balance Sheets

• Identify Elements of Balance Sheets

• Analyze a Balance Sheet

Lesson 3: Interpreting Income Statements

• Identify Elements of Income Statements

• Analyze an Income Statement

Lesson 4: Interpreting Other Financial Statements

• Read Cash Flow Statements

• Read Statements of Stockholders’ Equity

• Read Notes to Financial Statements

• Identify Elements of Financial Statements for Non-Profits

Lesson 5: Planning a Budgeting Approach

• Describe Budgeting Principles

• Choose What and How to Budget

Lesson 6: Utilizing Budgets

• Prepare an Operating Budget

• Prepare an Activity-Based Budget

• Monitor a Budget