SHI AMA-2218 Fundamentals Of Finance And Accounting For Non Financial Managers Instructions

SHI AMA-2218 Fundamentals Of Finance And Accounting For Non-Financial

Managers

Product Information

• The Fundamentals of Finance and Accounting for Non-Financial Managers Course (AMA-2218) is a 2-day instructor-led program designed to provide non-financial managers with the essential knowledge and skills in finance and accounting. This course aims to make finance accessible to anyone, regardless of their background, and help them demonstrate their value and ROI to their boss.
• Financial skills are crucial for any managerial position, and this course will teach participants how to think about finance, enabling them to make informed decisions based on financial data. From understanding financial statements to evaluating a company’s financial health, this workshop covers various concepts, tools, and techniques that can contribute to improved decision-making and profitability.
• This course is suitable for non-financial managers from all industries and functional areas of responsibility.

Product Usage Instructions

Upon completing this course, students will be able to:

1. Understand how accounting works and interpret financial statements
2. Review an annual report and evaluate a company’s financial performance
3. Improve profitability through cost analysis and profit planning
4. Make major financial decisions using capital expenditure analysis
5. Budget more effectivel

• To get the most out of this course, follow the course outline provided and participate actively in the instructor-led sessions.
• Take notes, ask questions, and engage in discussions to enhance your understanding of the concepts taught. Practice applying the learned techniques in real-life scenarios to reinforce your knowledge.
• By the end of the course, you should have a solid foundation in finance and accounting principles, enabling you to make better financial decisions and contribute to the bottom line of your organization.

About this course

Can you demonstrate your value and ROI to your boss? Are you able to interpret financial reports and make decisions based on the data they provide? Can you draft an accurate budget? Can you justify your ideas in dollars and cents? You didn’t get to this point in your career only to be held back by weak financial skills. This program for non-financial managers makes the basics of finance accessible to anyone in just 2 days.
You’ll learn how to:

• Interpret and respond appropriately to financial information
• Communicate your contribution to the bottom line
• Uncover drains on profitability
• Make smarter decisions that deliver higher profitability
• Financial skills are fundamental to any managerial position. Learn how to think about finance, and you’ll expand your career opportunities. From accruals to write-offs to receivables and payables, this workshop shows non-financial managers the concepts, tools, and techniques that can help make each decision pay off—on the job and on the bottom line.

Audience profile

• Non-financial managers in every functional area of responsibility in all industries

At course completion

• After completing this course, students will be able to:
• Get a firm grasp of the numbers side of your job
• Gain greater confidence with a working knowledge of business financials
• Learn how to “think finance” and translate performance into financial terms
• Cultivate proactive working relationships with finance professionals and enhance your value to the organization
• Understand the business dynamics of dollars and cents—and take initiatives that meet your short- and long-term goals
• Take the guesswork out of your decision-making and deliver a better bottom line
• Expand your professional expertise—and your career opportunities

Course Outline

Learning Objectives

• Discuss the Relationship Between the Information Presented on Basic Financial Statements.
• Read and Interpret Basic Financial Statements.
• Understand How to Evaluate a Company’s Financial Health Based Upon the Information Presented in its Annual Report and 10-K Report.
• Calculate Key Financial Ratios to Analyze a Company’s Financial Position And Management Performance.
• Identify Other Sources of Financial Information.
• Improve Their Company’s Profitability Through an Understanding of Cost and Break-Even Points.
• Compare the Rate of Return for Various Investments and Determine Which Are Good Uses of the Firm’s Assets
• Discuss the Importance of the Accounting Equation
• Explain the Significance of Generally Accepted Accounting Principles (GAAP)
• Describe the Accrual Process
• Differentiate Between Accounting Profit and Cash Flow

How Accounting Works and Understanding Financial Statements

• Describe an Income Statement or Profit and Loss Statement (P&L).
• Discuss a Balance Sheet and its use.
• Identify a Statement of Retained Earnings
• Describe a Cash Flow Statement.
• Prepare a Simple set of Financial Statements.
• Summarize the Accounting Process, from the Recording of Business Transactions to the Preparation of Financial Statements.
• Share How Various Business Transactions Affect the Financial Statements.

Reviewing an Annual Report

• Identify the Components of an Annual Report
• Explain the Importance of Notes in Evaluating Financial Statements
• Describe an External Auditor’s Role and the Significance of the Opinion Letter

Evaluating a Company’s Financial Statements

• Calculate the Key Financial Ratios Using the Financial Statements
• Use Financial Ratios to Evaluate an Organization’s Liquidity, Leverage and Profitability; The Performance of an Organization as Compared to Its Competitors; and An Organization’s Performance Compared with Budgeted Goals
• Identify Sources of Financial Information Beyond the Financial Statements
• Use the DuPont Formula to Evaluate Management Performance
• Use the Concept of Economic Value Added (EVA®) and Cash Flow Return on Investment (CFROI) to Determine if a Segment of an Organization is Adding Value to the Business

Improving Profitability Through Cost Analysis and Profit Planning

• Differentiate Between Fixed and Variable Costs
• Help Your Organization Improve Profitability Through the Use of Breakeven Analysis, Contribution Margin Analysis, and Direct Costing in Appropriate Situations
• Explain Traditional Cost Accounting and Its Limitations
• Discuss the Relevance of Activity-Based Costing in Today’s Business Environment

Making Major Financial Decisions with Capital Expenditure Analysis

• Define the Capital Budget
• Explain Why Cash Has a Time Value
• Recognize and Apply Different Methods of Evaluating Capital Expenditures and Monitoring Project Performance

Budgeting More Effectively

• Discuss the Role of Budgeting and Issues That Budgets Can Solve
• Describe the Budgeting Process
• Identify Different Types of Budgeting Systems in Use Today
• Analyze Budgets for Different Purposes
• Recognize and Apply Different Methods of Evaluating and Monitoring Operating Performance

Course Highlights

• Review Program Summary and Expectations
• Determine the Actions That You Will Take When Returning to Work Based on What You Have learned in the Program
• Generate a List of Questions to Take with You and Further Your Learning

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