Smith School of Business

Accounting and Finance Fundamentals

Available dates

Apr 6—7, 2020
2 days
Toronto, Ontario, Canada
CAD 3300 ≈USD 2579
CAD 1650 per day

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About the course

his 2-day Program focuses specifically on the principles of business accounting covered in our 5-day Finance for the Non-Financial Manager program. It is designed to provide a deeper understanding of accounting for people from other functional areas. Our experienced faculty will de-mystify accounting principles, helping you to understand and analyze financial statements, and to use accounting tools to make better business decisions. Session leaders present the material in a straightforward and engaging format that makes complex accounting concepts easy to understand.

In this program you will learn to:

  • Interpret accounting reports
  • Use accounting tools to make better business decisions
  • Engage in more productive communication with accounting and finance managers
  • Understand the financial impact of business decisions

Personal Benefits

  • Increased ability and confidence to include more analysis in your decision-making process
  • Greater familiarity with accounting terms and acronyms permitting more effective communication with accounting and financial colleagues
  • Better decision-making thanks to a more complete analytical skillset

Organizational Benefits

  • Improved communication functional managers and accounting/financial managers
  • Better decision-making with improved performance for the organization
  • Higher retention of high-potential managers thanks to investing in their development and growth

DAY 1

Deciphering key accounting and financial statements

  • Understanding the essentials of accrual accounting
  • Learning how to read financial statements such as balance sheets, income statements, cash flow statements, and statements of retained earnings
  • Understanding financial concepts such as depreciation, sunk costs, retained earnings, and goodwill
  • Interpreting cash flow patterns and recognizing trends in financial performance to make better business decisions

Assessing your organization’s health and evaluating its future direction

  • Assessing working capital requirements
  • Using accounting ratios to improve liquidity, profitability, capital structure and asset utilization
  • Understanding how accounting fits into the broader decision-making framework
  • Assessing the financial health of competitors

DAY 2

Modelling profitability against changing volumes and cost behaviour

  • Understanding cost behavior over a relevant range of activity
  • Employing sensitivity analysis, break-even analysis, keep/drop analysis, and scenario analysis to improve decision-making
  • Applying the principles of Target Costing to your operations
  • Applying the principles of Activity Based Costing and Target Costing to your operations
  • Employing sensitivity analysis, break-even analysis, keep/drop analysis, and scenario analysis to improve decision-making

Making more effective decisions on capital expenses, capital budgeting, and funding new initiatives

  • Appraising investment opportunities and ranking capital investment alternatives
  • Using financial tools such as Net Present Value (NPV), Internal Rate of Return (IRR), nominal and discounted payback to evaluate capital investment opportunities
  • Understanding how to use Discounted Cash Flow (DCF), Economic Value Added (EVA) for evaluating operating decisions

Personal Benefits

  • Increased ability and confidence to include more analysis in your decision-making process
  • Greater familiarity with accounting terms and acronyms permitting more effective communication with accounting and financial colleagues
  • Better decision-making thanks to a more complete analytical skillset

Organizational Benefits

  • Improved communication functional managers and accounting/financial managers
  • Better decision-making with improved performance for the organization
  • Higher retention of high-potential managers thanks to investing in their development and growth

Content

DAY 1

Deciphering key accounting and financial statements

  • Understanding the essentials of accrual accounting
  • Learning how to read financial statements such as balance sheets, income statements, cash flow statements, and statements of retained earnings
  • Understanding financial concepts such as depreciation, sunk costs, retained earnings, and goodwill
  • Interpreting cash flow patterns and recognizing trends in financial performance to make better business decisions

Assessing your organization’s health and evaluating its future direction

  • Assessing working capital requirements
  • Using accounting ratios to improve liquidity, profitability, capital structure and asset utilization
  • Understanding how accounting fits into the broader decision-making framework
  • Assessing the financial health of competitors

DAY 2

Modelling profitability against changing volumes and cost behaviour

  • Understanding cost behavior over a relevant range of activity
  • Employing sensitivity analysis, break-even analysis, keep/drop analysis, and scenario analysis to improve decision-making
  • Applying the principles of Target Costing to your operations
  • Applying the principles of Activity Based Costing and Target Costing to your operations
  • Employing sensitivity analysis, break-even analysis, keep/drop analysis, and scenario analysis to improve decision-making

Making more effective decisions on capital expenses, capital budgeting, and funding new initiatives

  • Appraising investment opportunities and ranking capital investment alternatives
  • Using financial tools such as Net Present Value (NPV), Internal Rate of Return (IRR), nominal and discounted payback to evaluate capital investment opportunities
  • Understanding how to use Discounted Cash Flow (DCF), Economic Value Added (EVA) for evaluating operating decisions

Who should attend

Managers and executives from a non-accounting background who want to improve their ability to work with accounting and financial information and improve their decision-making skills.

Trust the experts

John Moore

Assistant Professor John Moore is an experienced executive educator who has written one of Canada''s most popular series of self-study accounting workbooks.  He is highly regarded in the accounting and finance professions, and has conducted executive development seminars on financial tools for...

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