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Finance for Nonfinancials - Advanced


Strengthen your business acumen and master financial tools used in business today. Leave equipped to speak the language of accounting and finance with your colleagues and evaluate alternatives that add to your company's success.



Fundamental Accounting Platform - "Common Denominator" review of Key Concepts
o Balance Sheet Basics
o Income Statement
o Importance of the Cash Flow Forecast
o Financial Ratio Analysis

How Sources of Funding impact the Project
o Large Projects

  • Prioritization - Competing for Funding with other Projects
  • How to Present Your Project in the Best Light
  • Total Project Funding
  • Phased Approval of Funds

o Small Project Funding
o Special Budgetary Sources - Funding Approaches to Consider

  • Cost Savings Pools
  • Brokered Work
  • Shared Funding
  • Multiple Funding Years

Estimating Considerations - Confidence Levels of Estimates:
o Getting Started - Budget Placeholders
o Business Case
o Option Chosen - Requirements Defined
o Fixed Definitive

Balanced Scorecard Considerations (BSC) related to Projects
o What is the Balanced Scorecard?
o Viewing the organization from four perspectives

  • Learning and Growth Perspective
  • Business Process Perspective
  • Customer Perspective
  • Financial Perspective

o Is your project aligned with the BSC?
o Developing Metrics - Current and Future States
o Collect Data and Analyze it relative to each of the four perspectives

Payback Method
o How to Calculate
o Pros and Cons - How accurate is this measure?

Understanding Return on Investment
o Understanding how to Calculate
o What will this measure tell you? ... and not tell you?

Value Drivers - Improving Shareholder Value
o Five Essential Ways a Project can Increase a Company's Value
o A Framework for Project Analysis
o Setting Cash Flow Objectives as "Business Drivers"

Performing Present Value Calculations
o Importance of the Time Value of Money
o Internal Rate of Return (IRR)
o Hurdle Rates and Factoring in Risk
o Net Present Value (NPV)

Cost Benefit Analysis
o Benefits

  • Revenue Growth
  • Process Improvement
  • Expense Savings
  • Hard vs. Soft Benefits

o Project Costs
o Ongoing Costs
o Total Cost of Ownership
o Checkpoints and Review - the Iterative Process

Benefits Realization
o What to prepare for once the project is complete
o Feedback and Control - Determining Project Results

Close ▲

Benefits and Learning Outcomes

  • Analyze Balanced Scorecard concepts
  • Navigate operating plans, budgeting process and project prioritization
  • Bridge the annual plan to the strategic plan and understand how operating budgets differ from project budgets
  • Identify sources of funding
  • Understand the roles and responsibilities of finance staff and how to work with them
  • Build a business case
  • Link your organization's three-to-five-year strategy to operating plans and budgeting process

Close ▲

Course Outline/Topics

A)     Fundamental Finance and Accounting Insights

  1. Financial Building Blocks
  2. Financial Statements
  3. Depreciation
  4. Exercises
  5. Accounting System
  6. What is Finance?
  7. Value Driver Funnel
  8. Group Exercise

B)     Corporate Strategy and Balanced Scorecards

  1. Strategy Development
  2. The Balanced Scorecard
  3. Private and Public Sector
  4. Metrics and Key Performance Indicators

C)     Business Cases in Projects

  1. What is a Business Case?
  2. Examples
  3. Considerations
  4. Key Points
  5. Business Case Presentation Template
  6. Case Study

D)     The Annual Planning Horizon—Budgeting and Prioritization

  1. Components of the Annual Planning Process
  2. Operating Budgets vs. Capital Budgets
  3. Sales Budget
  4. Cost of Goods Sold Budget
  5. Preparing an Operating Budget
  6. Flexible Budgets
  7. Project Prioritization
  8. Benefits Quantification
  9. Payback Period
  10. Net Present Value
  11. Time Value of Money
  12. Preparation of a Master Budget

E)      Ratio Analysis

  1. Liquidity Ratios
  2. Activity Ratios
  3. Working Capital Turnover
  4. Capitalization Ratios
  5. Interest Coverage
  6. Debt to Total Assets
  7. Profitability Ratios
  8. Gross Profit Margin
  9. Asset Turnover
  10. Return on Assets
  11. Return on Equity
  12. Earnings Per Share
  13. Price/Earnings Ratio
  14. Dividend Yield
  15. Dividend Payout Ratio
  16. Internet Examples
  17. Ratio Exercises
  18. Key Factor Summary

F)      The Economy

  1. Economic Drivers
  2. How much is a trillion?
  3. Trillions and the National Debt?
  4. Project Investment Model
  5. Communication Plan
  6. External Reference Resource Tool

Close ▲


This program can be applied toward the:

A basic knowledge of financial concepts is necessary for this class. If you need to build your foundational financial knowledge, we recommend our class Finance Skills for Nonfinancial Managers.
Fri., Nov. 13
Location: UWM School of Continuing Education (Click link for directions)
Instructor: Kathleen S. Villars, MBA
$345: Register by Fri., Oct. 30
$395: Register on or after Sat., Oct. 31 Discount Available
Enrollment Limit: 30
Program No. 5050-8163
Register Now
Fri., Apr. 8, 2016
Location: UWM School of Continuing Education (Click link for directions)
Instructor: Kathleen S. Villars, MBA
$345: Register by Fri., Mar. 25, 2016
$395: Register on or after Sat., Mar. 26, 2016 Discount Available
Enrollment Limit: 30
Program No. 5050-8687
Register Now
  Related Courses  
Finance Skills for Non-Financial Managers
For more information, contact:
Jan Allen, Director, Business & Management,, 414-227-3219, 888-947-9947