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Finance for Non-Finance Professionals

Program Objectives:

By the end of the program, participants will be able to:

Explain the functions of financial management.

Define the four key financial statements: balance sheet, income, cash flow and changes in owners equity.

Interpret the financial health of a company or profit center.

Master capital budgeting and cost-volume-profit analysis.

Use financial information to manage the business or their departments.

This Program is designed for:

Managers, supervisors and staff from any function including finance who need to improve understanding and use of financial information

Program Outline:

Introduction	Capital Projects
The Goals and Functions of Financial Management The Three Most Important Questions Answered by Finance	The Time Value of Money Cost of Capital The Capital Budgeting Decision Methods in Evaluating Capital Projects Sensitivity and Risk Analysis
The Key Financial Statements	Working Capital and the Financing Decision
Income Statement Changes in Owner Equity Balance Sheet Cash Flow	Current Asset Management Sources of Short-Term Financing
Analysis of Financial Statements	Using Financial Information to Manage the Business
Judging the Health of the Business Income Statement Ratios Balance Sheet Ratios How to Read Company Annual Reports	Making Business Decisions in Finance, Marketing, Production and Investment
	The Budgeting Process
	Guidelines and Techniques Cost Control
Cost Concepts and Decision- Making
Cost-Volume-Profit Analysis Breakeven Analysis Economic Costs versus Accounting Costs Marginal Analysis Cost-Based Pricing