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Fuqua School of Business

Financial Analysis for Non-Financial Leaders

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Financial Analysis for Non-Financial Leaders

Next dates

Dec 8—11
4 days
Durham, NC, USA
USD 6400
USD 1600 per day

Categories

BankingFinance

Description

Financial literacy is a fundamental component of management and leadership. Regardless of your role in the organization, you should understand how different decisions impact your organization’s bottom line today, and in the future. Financial Analysis for Non-Financial Leaders introduces you to the essential elements of financial reporting, including managerial and financial accounting. You’ll learn to interpret financial statements, develop a greater understanding of the ways financial information is used as a strategic tool for decision making, and develop the capability to communicate operating, marketing, sales, and growth strategies in financial terms.

Program Format

Over 3 days, you’ll engage in robust class discussion of key concepts in financial analysis. Innovative exercises ensure you absorb the concepts in a visceral way, while individual and team assignments give you practice in using your new capabilities.

Curriculum

Discussion topics are designed to provide an overview in financial management by introducing you to real-world financial reports and discussing the interpretation of financial information. Combined with basic practices and assessments of an organization’s financial stability, you’ll gain insight on how to leverage financial information to evaluate performance.

Discussion Topics

Financial Statements

  • Learn to read the 3 most common financial statements for product and service industries.
  • Analyze a company's financial health, including efficiency and profitability drivers, using DuPont decompositions.
  • Use key financial ratios to analyze customer credit risk.

Costs of Goods & Cost of Services Sold

  • Examine inventory costing and contribution analysis for specific products/services.

Budgeting & Forecasting

  • Develop division level income statements including direct, variable and "soft" costs and utilize for project selection.
  • Compare an actual P&L to budget variances; incorporate budget variance feedback into investment decisions, employee incentives and control systems to maximize division profitability.

Program Objectives

At the conclusion of the program you’ll be able to:

  • Read and understand financial statements to evaluate financial performance.
  • Design control systems and incentives that align objectives with profitability.
  • Build budgets that monitor and evaluate business performance.
  • Determine the cost and profit of business decisions.
  • Identify relevant costs, including overhead, when adjusting a mix of products and services.
  • Forecast division finances with a comprehensive treatment of costs and expenses beyond inventory.
  • Understand key deviations from forecasts and assess the impact of potential changes to business processes.

Who should attend

Professionals of any level, and in any function including marketing, operations, sales, human resources, and development. The curriculum is ideal for those needing a comprehensive grounding in the fundamentals of finance to make better business decisions.

Experts

Academic Area: Accounting Teaching / Research Interests Corporate Financial Reporting, Management Communication of Financial Information Bio William Mayew is an associate professor of accounting. He received his PhD from the University of Texas at Austin.
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