Making Strategic Financial Decisions

Weatherhead School of Management

What are the topics?

Weatherhead School of Management

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Read more about Finance

Finance is an integral and most important component of any business, so everyone needs to improve their competence in this area. Finance courses will ...

Who should attend

Managers and directors of departments who are responsible for organizational or departmental profitability.

About the course

Accounting and financial concepts form the foundation of good business decision making, which enables managers to successfully achieve the goals of an organization. This five-part series introduces how correctly understanding an organization’s internal financial data is vital to managing daily operating activities, allocating resources, and evaluating performance. Gain essential knowledge that will increase your confidence when making internal financial decisions. In addition, the benefits of maintaining a sustainability perspective are addressed.

Topics

  • Basic decision-making model and identifying relevant information
  • Cost-volume-profit (CVP), break-even analyses, and contribution margin
  • Operating cycle decisions
    • Determining unit costs for outsourcing and further processing decisions
    • Overhead allocation strategies and activity-based costing (ABC)
  • Cost, volume and profit
  • Investing and financing cycle decisions
    • Capital budgeting, time value of money, and the risk-return relationship
    • Net present value (NPV) and the internal rate of return (IRR)
  • Evaulating internal performance
    • Comparison of budget to actual
    • Components of retrun on investment (ROI)
    • Impact of transfer pricing within an organization
  • Putting it all in context: Incorporating a sustainability perspective

Learning Outcomes

As a result of attending this program, participants will:

  • Recognize key criteria for making typical operating, investing or financing decisions
  • Identifying relevant costs from financial information available to internal decision makers
  • Utilize time value of money principles when evaluating alternative investment scenarios
  • Make better business decisions consistent with creating long-term value for the organization

Experts

Thomas Schultz

Thomas D. Schultz is an Assistant Professor of Accountancy in the Haworth College of Business at Western Michigan University. Tom received his doctoral degree from the School of Accountancy & Information Management at Arizona State University, an MAS. from Northern Illinois University, and a ...

Making Strategic Financial Decisions at Weatherhead School of Management

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Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Read more about Finance

During Finance courses, you will get acquainted with a huge number of financial analyst tools and learn how to work with them. So, you will learn how to make and analyze financial reporting, calculate the main financial indicators of the company and ...

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.