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Finance Skills for Nonfinancial Managers

 

As a manager, you need to make decisions that affect the bottom line. Understand the accounting process and enhance your ability to forecast financial performance. Learn how to spot trends and study your competition with a keener eye. Become more effective in your organization by participating at a higher level in strategic planning and decision making.

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Case studies and real-world examples will be used, covering topics that include:
• Accounting fundamentals such as debits, credits and double-entry bookkeeping
• The accounting cycle and process
• The role of financial statements: balance sheet, income statement and statement of cash flows
• Understanding business events and how they impact financial statements
• Financial statement analysis
• The relationship between cost, price and volume
• Cash flow analysis, including how to free up cash for important business needs
• Effective working capital management techniques and understanding why cash flow is king
• The value drivers and fundamental approaches to increasing the value of your company
• Budgeting as a tool for decision making, both for daily operations and large expenditures
• Break-even analysis, return on investment and net present value tools
• The importance of the time value of money
• A framework for analysis of financial expenditures (i.e. how to get the budget money you need)
• Key business ratios for optimizing financial performance
• Recognizing trends and evaluating organizational performance

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Benefits and Learning Outcomes

  • Read and analyze financial statements
  • Present your ideas using sound financial principles
  • Make intelligent financial decisions and understand the financial impact of your ideas
  • Focus on the numbers that matter most

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Course Outline/Topics

DAY 1
I. Financial Building Blocks
A) Building Blocks
B) Exercises
C) What Is Finance?
D) Business Events – Small Group Exercise
E) Operating Expense Budget
F) Capital Budgeting
G) Payback
H) Return on Investment
I) Net Present Value
J) Financial Analysis and Ratios
K) Project Investment Model

II. Recording Financial Transactions
A) Case Exercise
B) Additional Exercises
C) Present Value of a Dollar

III. Financial Value Drivers
A) Maximizing Revenues
B) Minimizing Expenses
C) Minimizing Working Capital
D) Minimizing Fixed Assets
E) Minimizing Taxes

III. Recording Financial Transactions
A) Case Exercise
B) Additional Exercises
C) Present Value of Money

IV. Building and Understanding Financial Statements
A) The Creation of Financial Statements
B) The Accounting Equation
C) How Transactions Impact the Balance Sheet
D) The Accounting Cycle
E) Explanation of Entries

V.  Financial Planning and Budgeting
A) Developing Sales Targets
B) Controllable and Uncontrollable Costs
C) Expense Budgeting
D) Budgeting of Operating and Other Expenses
E) Determining Needed Profit Margins
F) Cash Projections
G) Planning Horizons
H) Using Historic Information As a Basis for Your Financial Plan

 

DAY 2
VI. Making Business Investment Decisions—Capital Budgeting
A) The Importance of Cash Flows
B) Measuring Cash Outflows and Inflows
C) The Replacement Decision
D) Financing Costs
E)  The Net Present Value Model
F) The Internal Rate of Return Technique
G) Project Life Considerations
H) Specials Problems

VII. Analyzing and Interpreting Financial Information
A) Objectives of Analyzing and Interpreting Financial Statements
B) Types of Financial Statements
C) Reporting the Cost of Goods Sold/Manufactured
D) Relationships in the Income Statement
E) The Bottom Line and Its Relationship to the Balance Sheet
F) The Cause and Effect System of Financial Analysis
G) Sources of Data for Comparison
H) Summary, Limitations, and Conclusions

VIII. Ratio Analysis in Decision Making
A) Liquidity Ratios
B) Activity Ratios
C) Capitalization Ratios
D) Profitability Ratios
E) Market Test Ratios
F) Dividend Payout Ratio
G) Internet Examples

IX. Other Financial Management Tools to Support the Financial Plan
    Review of Students Questions / Concluding Remarks

X.  Supporting Documents and Topics
A) Accounting-The Language of Business
B) Workshop Objectives, Highlights and Outline
C) Financial Management—A Programmed Workbook
D) The Economy
E) External Reference – Resource Tool
F) Financial Statements as a Management Tool (Article)
G) Cash Flow Management
H) Inventory Control

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This program can be applied toward the:

Notes
Program fee includes morning and afternoon refreshments, networking breaks, lunches and instructional material.

"Kathy is fantastic. This is the best class I have taken."
Reggie Newson, Director, Wisconsin Dept. of Transportation

  Sessions  
Wed.-Thu., Nov. 5-6
8:30am-4pm
Location: UWM School of Continuing Education (Click link for directions)
Instructor: Kathleen S. Villars, MBA
$845: Register by Wed., Oct. 22
$895: Register on or after Thu., Oct. 23 Discount Available
Program No. 5050-7187
Register Now
 
  Related Courses  
Finance for Nonfinancials - Advanced
 
For more information, contact:
Jan Allen, Director, Business & Management, allen3@uwm.edu, 414-227-3219, 888-947-9947
 

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Comments on this Program
"Great material, great instruction. I loved the pace and involvement of the participants."
Andre Harrison
Mgr. Industrial Relations
Deere & Company


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