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Financial Management for Non-Finance Professionals

by on December 29, 2014
Posted in Finance

In this workshop you will learn the Finance concepts, tools and techniques that can help you make successful and efficient decisions.  This workshop offers exactly what you need to further your career and improve your financial skills.

Who Should Attend?

This workshop is designed for non-financial managers and professionals.

Learning Objectives:

At the end of this workshop you will:

  • 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
  • Learn key finance terms: assets, liabilities, capital, depreciation, capitalization, current ratio and others
  • Learn the accounting process: journals and ledgers, how debits and credits work
  • Learn accounting and finance principles
  • Develop working rules regarding your corporate financial statements
  • Know how to use the balance sheet to examine assets and liabilities
  • Be able to analyzing the income statement to assess revenues and expenses
  • Understand the statement of cash flow: sources and uses of funds
  • Know the difference between Debt and equity financing
  • Know how to keep your plan on target with budgetary controls
  • Use profit-planning tools, break-even analysis, financial forecasting
  • Understand Cash flow: where cash comes from and how it’s applied
  • Elements of cost accounting
  • Analyze payback method, discounted cash flow, present value and present value index in making profitable capital investment decisions
  • Understand the cost of capital

 

 

 

 

Workshop Outline:

 

Module 1: The Construction of Financial Statements & Their Interpretation

  • The Accounting Entity
  • Accounting Statements – The Language of Business
  • Financial Statements
  • Double entry Principle
  • Chart of Accounts
  • Journals And Ledgers
  • Distinction Between Assets and Expenses
  • Coat Allocations
  • Balance Sheet
  • Accruals Principle
    • How Transactions Affect The Balance Sheet
  • Debit and Credit : Rules
  • Transfer from Journals to “T” Account
  • The Income Statement (Profit & Loss)
    • Rules for Revenues and Expenses
    • Relations of Balance Sheet and Income Statement
    • Statement of Retained Earnings
  • When is Profit Profit?
  • Analysis of Financial Statements
  • Cash Flow Analysis
    • Operating Cash Flow System
    • Non-Operating Cash Flow

Module 2: Ratio Analysis:

 

  • Ratios categories
    • Liquidity Ratios
    • Asset management
    • Debt management
    • Profitability
    • Market value
  • ROA – Du Pont Pyramid

Module 3: COSTING & CONTRIBUTION ACCOUNTING

  • Costing Systems
  • Job Costing
  • Process Costing
  • BREAK EVEN ANALYSIS

Module 4: Cash Planning & Project Evaluation

  • Cash Planning
    • Cash Receipts And Payment Forecast Basis
    • Funds Flow Statements
  • What is capital budgeting?(CAPEX)
  • payback period
  • Cost of Capital
  • Capital Structure
    • Cost of Debt
    • Cost of Preferred Stock
    • Cost of Retained Earnings
    • Cost of New Stock
    • Weighted Average Cost of Capital (WACC)

Module 5: Time Value of Money

  • Future Value of Money
  • Present Value of Money
  • NPV method
  • Internal Rate of Return

Module 6: Valuation Methods


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