|
||||
Financial Basics for Non-financial Managers
This course helps a non-financial manager make sense of the terms and concepts that are used in managing the financial aspects of a business. It explains basic financial structures and discusses the financial information you must have to run a business. You will learn how to read financial reports and understand the purpose and limitations of them. You will also get tools and methods to give you a complete picture of your financial position.
The course covers such topics as
How to understand basic financial structure
What to look for in financial reports
How to manage your financial position
After completing this course the learner will be able to
Understand financial structure
Apply reporting principles
Manage the financial position
Financial Basics for Non-financial Managers
Description
This course helps a non-financial manager make sense of the terms
and concepts that are used in
managing the financial aspects of a business. It explains basic financial
structure and discusses the
financial information you must have to run a business. You will learn
how to read financial reports
and understand the purpose and limitations of each. You will also
get tools and methods to give
you a complete picture of your financial position.
Audience
This course addresses the training needs of management.
Prerequisites
None.
Course Duration
»
1. 5 hours
Topics Include
How to understand basic financial structure
»
The terms and concepts that are standard in a financial function
»
What is meant by tangible and intangible assets
»
How to determine whether or not something is a liability
»
The financial information you must have to run a business
»
The elements of financial change
»
How to determine how much revenue has been generated
What to look for in financial reports
»
What important information you get from balance sheets
»
The difference between market value and book value
»
What you can learn from income statements
»
What you can and can't know from statement of cash flow
»
Which reports to use for short term vs. long term planning
How to manage your financial position
»
How to make sure you have a complete financial picture
»
How all of the financial statements relate to each other
»
Basic elements of financing activities
»
Where you can get information to help you with costs you can control
»
What you can learn from cash flow patterns
»
How to differentiate between fixed, variable, and discretionary costs
Everything Courseware
Financial Basics for Non-financial Managers
Objectives
After completing this course the learner will be able to
Understand financial structure
»
Look at the big picture
»
Know the elements of financial change
Apply reporting principles
»
Know how balance sheets can help
»
Understand income statements
»
Plan with the cash flow statement
»
Interpret a statement of retained earnings
Manage the financial position
»
Complete the picture
»
Plan for cash flows
»
Know the costs they can control
»
Compute the return of investment