Finance Fundamentals

an intensive, two-day program teaching the numbers side of business

About This Program (MDEV 6021)

This program is an overview of the fundamentals of finance and acounting for nonfinancial managers. The overriding goal of the program is to present a number of “nuts and bolts” financial concepts, providing managers with useable information, including basic accounting principles. budgeting, and fundamental financial analysis tools. Participants can learn the language of finance, understand what accounting principles are generally accepted, interpret an organization’s financial statements and annual report, review budgeting tools, calculate a break-even scenario, and evaluate returns on investment. This highly interactive workshop features case studies, a variety of planning exercises, and other activities designed with an action-learning focus.

Who Should Attend

This program is for managers in every functional area of responsibility who need to understand and speak the “numbers side” of business. Whether one is in engineering, production, marketing, health care, project management, or human resources, it is necessary to understand the common financial language of business to succeed.

You Can Learn To

• understand the terminology and processes used to set financial goals
• grasp the numbers side of your business
• effectively utilize procedures required for developing budgets
• apply key formulas when planning financial performance
• practice and learn in a friendly environment
• understand both short-term and longer-term financial planning
• think and measure in financial terms

Outline

Basic Accounting Principles

• Important accounting concepts
• “T”  Accounts
• Typical accounting systems
• Constructing financial statements
• The accounting period
• Three basic accounting principles
• Business and financial management

Financial Statements

• Three basic financial statements
• Balance sheet
• Income statement
• Cash flow statement

Financial Analysis

• Liquidity ratios
• Debt ratios
• Return on investment/profitability ratios
• Time value of cash flows
• Computers and financial statements

Budgeting Principles

• Financial management and budgeting
• An introduction to budgets
• Three uses of budgets
• Budgeting periods
• The budgeting process
• Planning for costs
• Projecting financial targets

Adding Financial Value

• Application exercises

Cancellation information