Certificate in Accounting and Finance for Non-Financial Managers:

Accounting and Finance for Non-Financial Managers

Agenda

Unit 1

Introduction to Finance

- The Vocabulary of Finance

- The Four Basic Elements of Finance

- The Basic Financial Statements

Unit 2
Introduction to Accounting

-Basic Terminology

-The Purpose of Accounting

-The Accounting Cycle

-Preparing Financial Statements

Unit 3
Managing Liabilities

-Overview of Liabilities

-The Liabilities of a Business

- Short-Term Liabilities

-Long-Term Liabilities

Unit 4
Financial Planning

- Overview of Financial Planning

-The Importance of Financial Planning

-The Business Planning Process

Course Objectives

  • Understand the art of finance and accounting - the terminology and the processes.
  • Understand the content and presentation of financial statements.
  • Learn that profit is not equal to cash and the importance of cash.
  • Understand why budgets are used as a management tool and how they are built.
  • Learn how to read and analyze the accounting numbers.

Course Outcomes

After taking this course, you will:

  • Know financial terminology and accounting concepts.
  • Understand the accounting cycle.
  • Understand debits and credits as well as journals.
  • Know how to create and interpret financial statements.
  • Know how budgets are built.
  • Have information on reading financial reports and understanding the financial picture.

Financial Analysis and Planning for Non-Financial Advisors

Agenda

Unit 1 - Financial Strategies

Your Role in Financial Decision Making
Understand the Language of Finance
A Word about Financial Concepts
The Purpose of Financial Statements

Unit 2 Financial Dashboard – Introduction to Financial Gauges

Understand Basic Financial Concepts
Financial Strategies
Financial Gauges

Unit 3 Financial Gauges - Profitability

Profitability Gauges
The Components of Profitability
Sales
Cost of Goods Sold and Cost of Sales
Expenses

Unit 4 Financial Gauges - Performance

Making Money
Taking Advantage of Assets
Making the Most of Liabilities and Equity
Performance Financial Gauges
Financial Analysis and Planning Summary

Course Objectives

· To tie together the financial side with the operational side of your area of influence

· To better understand the purpose and operations of the organization

· To gain a use of financial reports to plan and make decisions

· To enhance your support of the financial strategies of the organization

Course Outcomes

At the end of this course, you will:

· Know the financial implications of your daily business decisions

· Interpret and respond effectively to the organization’s financial information

· Contribute towards the organization’s profitability goals

· Make decisions that better support the financial performance of the organization

· Communicate business operations in financial terms

· Think in financial terms to better communicate with those in and outside the organization

Cash is King

Agenda

Unit 1
Cash Flow Strategies

  • Why cash is so important in business
  • What are the cash-critical stages in business
  • What internal sources of cash are possible
  • What potential external sources of cash there are

Unit 2

Reporting and Evaluating Cash Flow

  • Review of the Cash Flow Statement
  • Review of Projected Cash Flow Report
  • What the Cash Cycle communicates
  • What improvements can be made to shorten the cash cycle
  • Calculating cash cycle

Unit 3

Projecting Cash Needs

  • How much cash the business needs
  • When cash injections are needed
  • Which cash needs will internal sources be able to cover
  • Which cash needs must be met through external sources
  • Making comparisons with other businesses in the same industry

Unit 4

Funding Requests

  • What debt sources of cash are possible
  • What are the potential equity sources of cash
  • What requirements different funding sources have
  • Making a pitch to investors
  • Approaching potential lenders for financing

Course Objectives

  • To clearly communicate the importance of cash in business.
  • To identify a business’s cash-critical stage.
  • To provide a review of possible internal and external sources of cash.
  • To show participants how to read a cash flow statement and cash flow report
  • To provide participants with the knowledge to use the cash cycle to identify potential improvements.
  • To provide information so participants can estimate the amount of cash needed and appropriate timing for three years.
  • To provide the knowledge needed to approach potential funding sources.

Course Outcomes

At the end of this course, you will:

  • Understand your company’s cash activities and your own role in improving cash flow.
  • Be able to reveal cash needs based on a three year estimate of cash sources and uses.
  • Know how to consider cash management ideas to improve cash flow through improved business activities.
  • Be able to consider potential external cash sources and ways to approach them for funding.