Finance for Non-Financial Managers
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Do you feel overwhelmed when terms like return on investment, P&L or net present value are thrown around in meetings? Change that.
Learn basic, practical financial skills from instructors with decades of industry experience. Learn along-side other business professionals facing the same challenges to understand financial terminology, practice concepts with in-class business cases, and move toward being a confident contributor in these discussions.
Module 1: Understand and Interpret Financial Statements
The ability to understand your company’s financial statements will help to provide insight into the current financial position and how your decisions impact the bottom line. By the end of this session, you will become familiar with and practice using real-world examples to better understand:
- How companies create value
- Basic financial statements: Income Statement, Balance Sheet, Statement of Cash Flows
- Ratio Analysis and key performance metrics
- Free cash flows
- Planning and budgeting
Module 2: Evaluate Investments
Whether you are deciding on launching a new product, updating machines to improve production speed or making a case for hiring a new employee, these decisions can affect your company’s cash flow and ultimately its overall financial performance. You’ll need a solid understanding of how to evaluate these types of decisions, understand their impact on the shareholder value and create a strong argument for these investments. During this session you will work through activities and gain insight into:
- What is finance?
- The relationship between risk and return
- The time value of money and why it is important
- Understanding and computing cost of capital
- Analysis around net present value and capital budgeting
- Decision tools: incremental analysis and hurdle rates for project acceptance or rejection
- Ways to finance: debt vs. equity
- Corporate valuation: measures of value
Module 3: Practice with Business Cases
Knowing the basic concepts is a solid foundation for making good financial decisions. However, you need to know how to apply this information strategically in your position. Using real-world examples you will:
- Put the concepts from the program into practice
- Make strategic decisions and understand the outcomes of these decisions
- Experiment without putting the fate of your actual project or position in jeopardy
Who should attend
Whether you are currently involved in financial decisions or strive to be, you need to build your financial acumen and ability to apply these concepts in order to make sound financial decisions for your company.
This program is designed for professionals at any level who are responsible for improving business operations through sound financial strategy.
Common program participant titles and job functions may include, but are not limited to:
- Operations Manager
- Office Manager
- General Manager
- Sales Manager
- Marketing Director
- Marketing Manager
- Brand Manager
- Project Manager
- Business Consultant
- Business Analyst
- Management Analyst
- Entrepreneurs and business owners
- Individuals looking to advance in their careers or those making a career change