Comprehensive course analysis
About the course
Make decisions that positively impact the bottom line
This three-day seminar will provide you with a better understanding of the numbers side of business. The curriculum introduces essential accounting and finance concepts for managers without a financial background. Learn key principles and build a solid foundation for interpreting and analyzing financial data. Upon completion of this seminar, you will be able to apply what you have learned at work and make effective decisions based on your organization’s financial information.
Benefits of attending
- Learn to communicate clearly with financial experts so you can understand concepts such as profitability, financial strength, and how to project future growth.
- Understand the basic concepts and techniques of financial analysis to make better business decisions and get better results.
- Learn to assess the risk of an opportunity and determine a minimum acceptable return.
- Evaluate and choose the best financing options for your company.
Understanding Financial Statements
- Key concepts including assets, liabilities, equity, revenues, and expenses.
- How to use the Income Statement, Balance Sheet and Cash Flow Statement to understand
- a company’s financial position and performance.
- Framework for basic financial statement analysis including ratio analysis.
Using Accounting Data in Decision-Making
- Finding the best data to use when analyzing an important business decision.
- Finding relevant cost data for common decisions — e.g. adding or dropping a product, product pricing, etc.
Cost-Volume-Profit Analysis and Business Risk
- How cost structure decisions affect profit potential and business risk.
- Using cost-volume-profit analysis to make cost structure choices.
- Alternative frameworks for evaluating performance.
- Setting strategic objectives, measuring performance, and defining targets using the Balanced Scorecard.
Financing the Business
- Alternative sources of capital, including equity financing, loans and trade credit.
- Selecting the best financing mix taking into account risk, taxes, timing, and out-of-pocket costs.
- Financing options to handle seasonal demand.
- Organizing the capital budgeting process.
- Setting the minimum acceptable rate of return on an investment.
- The impact of inflation, taxes, allocated costs, and other factors on an investment decision.
- Understand NPV and IRR, and how they are used to evaluate projects.
Education PhD University of Iowa (1981) BAcc University of Minnesota Duluth (1976) Academic Expertise managerial accounting Current Research Valuation of the firm, management of earnings, evaluation of evidence from audit sampling, accounting information and determinants of stock prices Pos...
Education PhD University of Rochester (1998) MS University of Rochester (1996) BS Pennsylvania State University (1993) Academic Expertise business valuation corporate finance corporate governance dividend and payout policy / stock splits mergers and acquisitions private equity Current Researc...
Education PhD Indiana University (2000) MBA Indiana University (1996) BA Carroll College (1988) Academic Expertise financial accounting Current Research How individuals make investment decisions using accounting information, Financial disclosure issues and their impact on investors’ decision...
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.