Comprehensive course analysis
Who should attend
This program is designed for managers at all levels, including those in technical and non-financial areas seeking to make better business decisions by understanding financial information and its implications. This diversity is one of the program’s strengths: it addresses the needs and builds on the experiences of participants from all types of companies, not-for-profit organizations and government services.
About the course
Through this highly successful program, managers with little or no financial training or experience can learn to use the language, tools, and techniques of accounting and finance. Complex principles are presented in practical, understandable terms in a friendly, supportive environment. You will return to your organization with the confidence to analyze financial information and participate fully in making business decisions.
Key Benefits & Takeaways
- Read and analyze financial reports to assess customer, competitor, supplier and company performance
- Use discounted cash flow, internal rate of return, Economic Value Added, payback and break-even analysis to make better investment decisions
- Maximize shareholder value
- Understand and evaluate financing strategies
- Apply the principles of Activity-Based Costing, Target Costing and Open Book Management
- Prepare and present business cases
- Use critical numbers and the Balanced Scorecard to create a high performance organization
Topics covered during the program
- Defining accounting and finance terms
- Following the complete accounting cycle, from recording transactions to reporting results
- Interpreting the balance sheet, income statement and cash flow statements
Analyzing Financial Statements
- Reading annual reports
- Learning Generally Accepted Accounting Principles (GAAP)
- Identifying key limitations of financial reporting
Accounting and Finance for Non-Financial Managers Master the tools for making smart financial decisions Overview Through this highly successful program, managers with little or no financial training or experience can learn to use the language, tools, and techniques of accounting and finance. Complex principles are presented in practical, understandable terms in a friendly, supportive environment. You will return to your organization with the confidence to analyze financial information and participate fully in making business decisions.
Pricing and Costing
- Understanding the rationale and pitfalls of cost allocations and cost-plus pricing
- Using activity-based costing, activity-based management and target-costing
- Applying the cost-volume-profit model to business decisions
- Identifying and managing structural cost drivers and life cycle costs
- Evaluating the contracting-out option
Strategic Control Systems
- Defining and using performance metrics and the balanced scorecard
- Applying the principles of open book management
- Understanding budget preparation and interpreting results of fiancial reporting
- Using multi-attribute, accounting and financial models to analyze investment decisions
- Understanding risk, inflation and opportunity and weighted average cost of capital
- Calculating and interpreting net present value and internal rate of return
- Applying sensitivity analysis
Managing Financial Risk
- Grasping the role of finance and finance staff in an organization
- Evaluating and managing financial risk
- Using the capital asset pricing model and beta to assess cost of equity
- Acquiring the fundamentals of financial derivatives such as options, swaps and futures
Understanding Key Ratios
- Understanding and calculating financial ratios
- Learning about financial and operating leverage
- Appreciating the role of the auditor
Linking Strategy and Finance
- Employing strategic evaluation tools
- Determining limitations to financial analysis
- Connecting financial information to other strategic measures
- Financial and strategic evaluation
- Discussion of alternatives
- Recommendations and presentation
Philippe Levy, CA, teaches a variety of accounting and finance courses at McGill and is the recipient of several Distinguished Teaching Awards by the Desautels Faculty of Management and the Order of Chartered Professional Accountants in Quebec. His professional experience is well-rounded, as he i...
Julia Scott FCPA-FCA, CFA, MBA a Senior Faculty Lecturer in Accounting joined McGill University in 2000. As Director of the GCPA (Graduate Certificate in Professional Accounting) Program, the program for students pursuing their CPA designation, from 2010-2020 Julia oversaw the transition in accou...
Videos and materials
Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.
We are happy to help you find a suitable online alternative.